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Excelerate said on Tuesday it filed a Form 8-K/A with pro forma financial results related to the acquisition of the business in Jamaica.
In May, Excelerate completed its acquisition of NFE’s business in Jamaica for $1.055 billion.
Under the deal, Excelerate has acquired the assets and operations of the Montego Bay LNG terminal, the Old Harbour LNG terminal, and the 150 MW Clarendon combined heat and power plant.
Following the closing of the Jamaica acquisition, the company now expects full-year 2025 adjusted Ebidta guidance to range between $420 million and $440 million, it said.
Ecelrate’s pro forma financial information incorporates NFE’s historical results from its Jamaica operations.
According to Excelerate, the pro forma financial results include certain cost allocations to the Jamaica business based on assumptions and methodologies specific to NFE.
“After removing these seller-specific cost allocations, pro forma adjusted Ebitda for both the three-month period ended March 31, 2025 and the full year ended 2024 are aligned with Excelerate management expectations,” the company said.
Excelerate plans to release its second-quarter results on August 11, 2025.
Expansion
Excelerate currently operates ten FSRUs, one of the world’s largest fleets of such vessels, and these units are located worldwide.
These FSRUs are located in Bangladesh, Finland, Brazil, Dubai, Pakistan, while one FSRU recently started serving the second FSRU-based LNG import terminal in Germany’s Wilhelmshaven.
In addition, HD Hyundai Heavy Industries launched Excelerate’s new 174,000-cbm FSRU earlier this month.
Excelerate also recently purchased a 2007-built steam LNG carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.
The vessel in question is the 145,000-cbm Methane Alison Victoria, brokers said.
Earlier this year, Exclerate announced its intention to acquire an LNG carrier in 2025.
The LNG carrier is expected to serve its gas supply business in the short term and will be a candidate for the company’s first FSRU conversion.