Excelerate Energy (EE) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this provider of floating liquified natural gas terminals would post earnings of $0.32 per share when it actually produced earnings of $0.26, delivering a surprise of -18. ...

Press Release Excelerate Energy Reports Strong Third Quarter 2024 Results, Raises and Narrows Full Year Adjusted EBITDA Guidance -- Quarterly Cash Dividend Increased 140% from the Prior Quarter -- The Woodlands, TX, November 6, 2024 – Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today reported its financial results for the third quarter ended September 30, 2024. RECENT HIGHLIGHTS • Reported Net Income of $45.5 million for the third quarter • Reported Adjusted EBITDA of $92.3 million for th ...

Excelerate Energy (EE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novem ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Class A Common Stock, $0.001 par value per share EE New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ | --- | --- | --- | |----------------------------------------- ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2024 was $89 million, an increase of $14 million or approximately 18% compared to the previous quarter [13] - Total debt, including finance leases, stood at $1,734 million, with cash and cash equivalents of $609 million [14] - The company raised its adjusted EBITDA guidance for 2024 to a range of $320 million to $340 million [15] Business Line Data and Key Metrics Changes - The company continues to invest in its fleet, with maintenance CapEx for the quarter at $21 million and approximately $32 million year-to-date [13] - The newbuild FSRU named 3407 is on schedule for delivery in June 2026, with engineering and fabrication work underway [5][6] Market Data and Key Metrics Changes - The planned LNG import terminal in Vietnam is expected to have a total import capacity of 1.2 million tonnes per annum, with operations anticipated to commence in 2027 [9] - The integrated LNG terminal project in South Central Alaska is targeted to start commercial operations in 2028 [10] Company Strategy and Development Direction - The company is focused on three key areas for value creation: acquiring ownership interest in LNG regasification terminals, establishing a diversified LNG portfolio, and investing in downstream natural gas infrastructure [5] - The company is integrating modular reliquefaction kits onboard its vessels to improve operational efficiency and enhance service value [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenging conditions, particularly in Cook Inlet, and emphasized the importance of reliable energy solutions [17][18] - The company remains optimistic about the demand for LNG, particularly in emerging markets like Vietnam and Alaska, despite political changes in Bangladesh [11][52] Other Important Information - The company purchased 674,000 shares for $11 million under its share repurchase program, utilizing 40% of the $50 million authorized [15] - Management highlighted the importance of maintaining a healthy balance sheet while pursuing growth opportunities [27] Q&A Session Summary Question: Concerns regarding the Alaska proposal and technical solutions - Management acknowledged the challenges posed by extreme tidal ranges in Cook Inlet but expressed confidence in developing suitable technical solutions [17][18] Question: Details on the Northern Vietnam terminal project - Management indicated that they have been exploring opportunities in Vietnam for a long time and believe the project has strong fundamentals [24][26] Question: Balancing growth and shareholder returns - Management reiterated that growth is the priority, with plans to maintain dividends and execute share repurchases opportunistically [27] Question: Vessel requirements for upcoming projects - Management noted that they are evaluating different vessel types based on project needs and are committed to growing their fleet [30][31] Question: Timing and execution risks for new builds versus conversions - Management explained that new builds typically take 3 to 3.5 years, while conversions may be quicker but come with execution risks [66]

Excelerate Energy (EE) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -18.75%. A quarter ago, it was expected that this provider of floating liquified natural gas terminals would post earnings of $0.21 per share when it actually produced earnings of $0.24, delivering a surprise of 1 ...

Financial Performance - Reported Net Income of $33.3 million for Q2 2024, an increase from $28.1 million in Q1 2024 and $29.6 million in Q2 2023[2] - Adjusted EBITDA for Q2 2024 was $89.0 million, up from $75.4 million in Q1 2024 and $88.6 million in Q2 2023[4] - Revenues for Q2 2024 were $183.3 million, a decrease from $200.1 million in Q1 2024 and $432.4 million in Q2 2023[4] - Net income attributable to shareholders increased to $6,672,000 in Q2 2024, up from $6,324,000 in Q2 2023, representing an increase of 5.5%[20] - Operating income for Q2 2024 was $49,881,000, compared to $45,159,000 in Q2 2023, reflecting a growth of 6.0%[20] - Total revenues for Q2 2024 were $183,333,000, a decrease of 8.3% from $200,113,000 in Q2 2023[20] - Adjusted gross margin for Q2 2024 was $105,581,000, compared to $89,621,000 in Q2 2023, indicating a growth of 18.0%[24] - Net cash provided by operating activities for the six months ended June 30, 2024, was $155,040,000, significantly higher than $24,479,000 for the same period in 2023[23] Cash and Assets - As of June 30, 2024, Excelerate had $609 million in cash and cash equivalents, with $349.9 million of undrawn capacity under its revolver[7] - Cash and cash equivalents increased to $609,082,000 as of June 30, 2024, from $555,853,000 at the end of 2023, marking a rise of 9.5%[21] - Total assets as of June 30, 2024, were $2,867,432,000, slightly up from $2,860,379,000 at the end of 2023[21] - Current liabilities decreased to $205,021,000 as of June 30, 2024, from $203,756,000 at the end of 2023[21] Expenses and Projections - The increase in net income and Adjusted EBITDA for Q2 2024 was primarily due to charter rate increases executed during 2023 and increased interest income[5] - Maintenance capital expenditures for 2024 are still expected to range between $50 million and $60 million[8] - Interest expense decreased to $15,476,000 from $17,072,000 year-over-year[25] - Provision for income taxes increased to $7,427,000 from $6,901,000 year-over-year[25] - Depreciation and amortization expense rose to $30,400,000 from $22,910,000 year-over-year[25] - Long-term incentive compensation expense increased to $1,920,000 from $1,377,000 year-over-year[25] - The company anticipates interest expense for 2024E to be approximately $65,000,000[25] - Depreciation and amortization expense for 2024E is estimated to be around $106,000,000[25] Future Developments - The company signed a term sheet to co-develop a greenfield LNG import terminal in northern Vietnam with a total import capacity of 1.2 million tonnes per annum[6] - The first phase of the Northern Vietnam LNG Terminal is expected to have a capacity of 0.7 MTPA and commence operations in 2027[6] - Full-year guidance for Adjusted EBITDA has been raised to a range of $320 million to $340 million for 2024[8] - The company projects 2024 Adjusted EBITDA in a range of $320 million to $340 million[25] - Income before income taxes for the 2024E low case is projected at $141,000,000[25]

Excelerate Energy (EE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this provider of floating liquified natural gas terminals have returned +4.6% over the past month versus the Zacks S&P 500 composite's +6.1% change. The Zacks Alternative Energy - Other industry, to which Excelerate Energy belongs, has gained 14.2% over this period. Now the key question is: Where could th ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Excelerate Energy (EE) . Excelerate Energy currently has an aver ...

Excelerate Energy (EE) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this provider of floating liquified natural gas terminals is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong corre ...