The Company may be involved in legal actions in the ordinary course of business, including governmental and administrative investigations, inquiries and proceedings concerning employment, labor, environmental and other claims. The Company will recognize a loss contingency in the consolidated financial statements when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company will disclose any loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until realized.

In 2024, Jamaica Power Service Company Limited initiated arbitration proceedings claiming damages of approximately $32.9 million for use of alternative fuel due to infrastructure changes required by the Port of Montego Bay where the Company’s Montego Bay terminal was located. This claim occurred prior to the Acquisition by Excelerate with any potential liability retained by New Fortress Energy (“NFE”) and secured by amounts held in escrow to reimburse Excelerate. At the time, NFE asserted force majeure under the contract and has made a counterclaim of approximately $7.2 million. The hearing was held in the first quarter of 2026, and NFE expects this matter to be resolved in 2026. The Company has accrued for the probable loss and recorded the amount as an indemnification receivable from NFE.

The Company’s LNG future purchase obligations are primarily based on monthly Henry Hub natural gas futures, Dutch Title Transfer Facility futures, or Brent Crude pricing, times a fixed percentage or with a contractual spread where applicable. Some obligations depend on supplier LNG facilities becoming operational.