The company also declared a quarterly cash dividend of $0.06 per share, payable on June 5, 2025. Business and Operational Highlights Excelerate Energy's revenue for the first quarter of 2025 was $315.1 million, up from $274.6 million in the previous quarter and $200.1 million in the same period last year. The increase in net income and adjusted EBITDA was primarily attributed to the timing of vessel operating and maintenance activities and lower selling, general, and administrative expenses. Additionally, the company reported an increase in direct gas sales margin and noted the impact of the drydocking of the FSRU Summit LNG in the first quarter of 2024. Strategic Initiatives and Corporate Developments In March 2025, Excelerate entered into a definitive agreement to acquire New Fortress Energy Inc.'s integrated LNG and power platform in Jamaica for $1.055 billion in cash.