EENYSENatural Gas Distribution

Excelerate Energy, Inc. (EE) earnings date, market-implied expected move, and options open interest by expiry

34.32

−0.20 · −0.59%

post 35.13 +2.37%

Closed15:59 ET

Open34.88Volume490,741Mkt cap$4.0BP/E83.91Div yield0.94%

Day34.88 – 35.3652%52-wk24.66 – 42.8857%

Excelerate Energy, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.0%implied · report alone

8Q avg ±4.9%·×1.22·rich

33.0337.23

straddle ±8.2%

spot 35.13exp Nov 20ATM strike 35ATM straddle 3.38IV 56%

Nov 3 closereport share · term structurethin chain

Expected move

Inputs

Next report

Nov 4

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

−1.66%

vs ±7.7% implied · ×0.22

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+7.05%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

220 managers

Top fund weight

0.03%

EE weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Excelerate Energy (EE) is expected to report on Nov 4 after close (estimated date). Implied ±6.0%, either direction. 1 of the last 8 reports moved at least as far as the implied move.

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±9.3%
avg realized: ±4.9%

Feb 26 '25Feb 26 '25confirmed±10.3%▲+4.93%×0.48

Apr 21 '25Apr 21 '25confirmed±10.3%▼−1.47%×0.14

May 7 '25May 7 '25confirmed±7.6%▲+10.31%×1.36

Aug 11 '25Aug 11 '25confirmed±6.8%▼−2.10%×0.31

Q3 FY25Nov 5 '25confirmed±9.1%▲+7.15%×0.78

Q1 FY26Feb 25 '26confirmed±10.3%▼−7.86%×0.76

May 6 '26May 6 '26confirmed±12.0%▼−3.73%×0.31

Q2 FY26Aug 5 '26confirmed±7.7%▼−1.66%×0.22

quarterimplied−15%0+15%realized×

Q2 FY26±7.7%▼−1.66%×0.22

May '26±12.0%▼−3.73%×0.31

Q1 FY26±10.3%▼−7.86%×0.76

Q3 FY25±9.1%▲+7.15%×0.78

Aug '25±6.8%▼−2.10%×0.31

May '25±7.6%▲+10.31%×1.36

2 older reports

Apr '25±10.3%▼−1.47%×0.14

Feb '25±10.3%▲+4.93%×0.48

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.41OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

129−1%Nov 2017d3140%

1,7030%Dec 1845d44.82380%44.82

440%Feb 19108d0.094910%0.09

ExpiryPutsCallsP/C

Nov 2017d129−1%3140%0.41

Dec 1845d1,7030%380%44.82

Feb 19108d440%4910%0.09

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.2%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

18.82%as filednet margin · revenue −24.03% QoQ · +60.97% YoY

Revenue

$329M−24.03% QoQ

Gross profit

$194M+1.86% QoQ

58.90% margin

Operating income

$81M−1.31% QoQ

24.57% margin

Pre-tax income

$56M−5.76% QoQ

Net income

$62M+23.96% QoQ

18.82% margin

Cost of revenue

$135M−44.32% QoQ

Operating expenses

$113M+4.25% QoQ

SG&A $80M

Depreciation $33M

Other expense

$25M

Tax benefit

$6M

Revenue$329M−24.03%

Gross profit

$194M+1.86%

58.90% margin

Operating income

$81M−1.31%

24.57% margin

Pre-tax income

$56M−5.76%

Net income

$62M+23.96%

18.82% margin

Cost of revenue

$135M−44.32%

Operating expenses

$113M+4.25%

SG&A $80M

Depreciation $33M

Other expense

$25M

Tax benefit$6M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.34· ±2.5% vs ±1.9% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±2.5%11 of 19×1.34

PCEpersonal income & outlays±2.5%9 of 19×1.32

NFPjobs report±2.4%7 of 10×1.28

CPROFcorporate profits±2.2%5 of 12×1.18

FOMCrate decision±2.1%11 of 24×1.13

CPIconsumer prices±1.6%5 of 10×0.88

PPIproducer prices±1.4%4 of 10×0.76

Bar = avg |move| to ±3% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 0.37 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.37	—
Q1 FY26	Feb 25 '26 · confirmed	0.37	—
Q3 FY25	Nov 5 '25 · confirmed	0.43	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod