“I think Excelerate Energy’s a great way to play it, especially now that the stock has pulled back from its highs,” the “Mad Money” host said Friday.
"Excelerate's got terrific margins. Their EBITDA margin came in at 29.5% last year — I think the EBITDA margin is the right one to watch because it's a very capital intensive business, so it's important to back out the financial hit they take from the on-paper depreciation of their floating LNG terminals," he said, also mentioning the company's profitability.
However, Cramer also highlighted some downsides of the company, including that it's a controlled company with founder George Kaiser holding 77% of the voting power."However, as more and more countries strike deals to buy American natural gas, they're going to need infrastructure to unload those shipments. And that's where Excelerate comes in," he said.Disclaimer
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