The Jamaica acquisition closed in May 2025, adding Montego Bay, Old Harbour LNG terminals, and other assets, with integration progressing as planned.
Assets are exceeding operational expectations, contributing meaningfully to earnings, and are in excellent condition due to deep expertise of new team members.
The acquisition strengthens Excelerate’s U.S. LNG supply portfolio, aligning 21-year Jamaica contracts with Venture Global’s 20-year offtake, securing long-term downstream destinations.
Management emphasizes optimizing existing assets, expanding commercial activity, and targeted investments to unlock EBITDA growth of $80M-$110M by 2030.
Initial efforts include increasing throughput, selling incremental LNG volumes, and exploring infrastructure projects like new power generation and pipelines.
The strategic goal is to scale the platform regionally, leveraging Jamaica as a hub for LNG distribution across the Caribbean, with geographic advantages and cost efficiencies.
Growth CapEx is expected near the high end of guidance at just under $2.9 billion, reflecting accelerated project timelines.
Northeast Gathering & Processing (G&P) business increased by $22 million or 5%, despite the negative impact of the Aux Sable divestiture.
Overall volumes increased across segments, with Gulf gathering volumes up 17% and NGL production up 77%.
The company expects a 9% CAGR in adjusted EBITDA from 2020 through 2025.
Transmission and Gulf business segment improved by $91 million or 11%, driven by expansion projects and higher revenues.
Upstream business showed a $7 million increase, partially offset by lower oil prices.
West segment grew by $22 million or 7%, supported by higher Haynesville volumes and the Rimrock acquisition.
Williams raised its 2025 adjusted EBITDA guidance midpoint by $50 million to $7.75 billion, representing a cumulative $350 million increase since 2024 guidance.
Williams reported an 8% increase in adjusted EBITDA for Q2 2025, reaching $1.808 billion compared to $1.667 billion in Q2 2024.
Strategic Pivot to Long-Duration Energy Storage and Market Focus
ESS has shifted its strategic focus towards long-duration energy storage solutions, emphasizing the Energy Base product as a core growth driver.
The company highlighted the limitations of short-duration storage and lithium-ion technologies, positioning itself as a leader in scalable, safe, and sustainable long-duration storage.
Management noted a significant increase in market demand, with proposal activity exceeding 1.1 gigawatt hours since the Energy Base launch in February.
The company’s relationships with Tier 1 customers and utilities are foundational to its long-term growth strategy in the evolving energy transition market.
ESS’s pivot includes a focus on building a commercial pipeline with a growing number of RFPs and strategic partnerships, signaling a shift from project-based to pipeline-based revenue.
The company aims to convert commercial momentum into multiyear agreements, targeting revenue growth starting in 2026.
Dafinchi