How might the elevated adjusted net income influence the company's dividend policy or share repurchase plans?

Excelerate’s adjusted net income of $46.8 million—more than double the GAAP net profit—signals a strong, cash‑generating earnings base. Because the adjustment strips out non‑recurring items and highlights operating performance, the market will view this as a sustainable source of free cash flow. With adjusted EBITDA already at $107.1 million, the company is sitting on a healthy liquidity pool that can comfortably support a higher dividend payout or an accelerated share‑repurchase program without jeopardising its growth‑capital needs (e.g., the integration of the newly‑acquired Jamaica LNG‑power platform).

From a dividend‑policy perspective, management could use the elevated adjusted net income to raise the dividend per share or increase the payout ratio to signal confidence in cash generation and attract yield‑seeking investors. A modest lift (e.g., 10‑15 % of the adjusted net income) would still leave ample cash for capex and debt reduction, while improving the stock’s total‑return profile. Conversely, if the board prefers to boost shareholder value via buybacks, the surplus cash can be allocated to a open‑market repurchase or a accelerated‑share‑repurchase (ASR) plan, which would tighten the share count, lift earnings‑per‑share (EPS) and likely provide a short‑term price boost—especially in a technical environment where EE is trading near its 50‑day moving average and showing bullish momentum on the daily chart.

Trading implication: Anticipate upside pressure on EE’s price as investors price in either a dividend hike or a buyback announcement. In the near term, a break above the $30 resistance level (the recent 50‑day SMA) could trigger a short‑cover rally if the market expects a payout announcement. Conversely, a failure to raise the dividend or initiate a repurchase may lead to a pull‑back, so keep a stop just below the $28 support zone. Positionally, a long position with a target of $33–$35 on the upside, paired with a tight stop at $28, captures the upside from potential payout‑related catalysts while limiting downside if the company holds back cash for reinvestment.