Excelerate Energy Trades at 26.0x P/E as 118% 3-Year Rally Outruns Valuation

1 articles · Updated · Yahoo Finance · Aug 23

Excelerate Energy screens as overvalued on earnings, with its 26.0x P/E above an estimated fair 22.1x despite raised 2026 adjusted EBITDA guidance.
That premium looks steep against sector benchmarks: the stock trades at roughly double the oil and gas industry average of 13.0x and far above a 9.4x peer average.
A 118.0% share-price gain over three years has sharpened the debate over whether investors have already priced in its LNG infrastructure expansion and project pipeline.
Integrated downstream LNG investments could support longer-term cash flow, but heavy growth spending and execution risk may cap how much more investors are willing to pay.