Excelerate Energy (EE) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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 May 8. O ...

Shares of Excelerate Energy (EE) have gained 10.9% over the past four weeks to close the last trading session at $16.86, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.38 indicates a potential upside of 32.7%.The mean estimate comprises eight short-term price targets with a standard deviation of $2.45. While the lowest estimate of $18 indicates a 6.8% increase from the curr ...

Excelerate Energy (EE) closed the last trading session at $15.84, gaining 2.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.88 indicates a 44.4% upside potential.The mean estimate comprises eight short-term price targets with a standard deviation of $2.75. While the lowest estimate of $18 indicates a 13.6% increase from the current price level, the most optimistic analyst ex ...

Investors might want to bet on Excelerate Energy (EE) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...

Excelerate Energy (EE) closed the last trading session at $15.86, gaining 16.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.88 indicates a 44.3% upside potential.The mean estimate comprises eight short-term price targets with a standard deviation of $2.75. While the lowest estimate of $18 indicates a 13.5% increase from the current price level, the most optimistic analyst e ...

Excelerate Energy, Inc. (NYSE:EE) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Craig Hicks - VP, IR Steven Kobos - President and CEO Dana Armstrong - EVP and CFO Oliver Simpson - EVP and CCO Conference Call Participants Bobby Brooks - Northland Capital Markets Eli Jossen - JPMorgan Zack Van Everen - TPH Operator Hello, everyone. My name is Drew, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Excelerate Energy Fourth Qua ...

Excelerate Energy (EE) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this provider of floating liquified natural gas terminals would post earnings of $0.31 per share when it actually produced earnings of $0.40, delivering a surprise of 29 ...

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) today reported its financial results for the full year and fourth quarter ended December 31, 2023. RECENT HIGHLIGHTS Reported Net Income of $126.8 million for the full year 2023 and $20.0 million for the fourth quarter Reported Adjusted EBITDA of $346.8 million for the full year 2023 and $71.4 million for the fourth quarter Secured supply for previously announced Petrobangla SPA by executing a long ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-41352 Excelerate Energy, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction ...

[Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Excelerate Energy reported strong 2023 financial results, with full-year Net Income of **$126.8 million** and Adjusted EBITDA of **$346.8 million**, driven by core regasification and strategic LNG agreements - CEO Steven Kobos highlighted the strong 2023 financial results, attributing them to the consistent earnings from the core regasification business and solid performance of contracts in Brazil[3](index=3&type=chunk) - For 2024, the company is focused on executing its growth strategy and returning capital to shareholders via a new **$50 million** share repurchase program, while maintaining flexibility for growth opportunities[4](index=4&type=chunk) Key Financial Metrics (Q4 & Full Year 2023) | (in millions) | For the three months ended Dec 31, 2023 | For the full year ended Dec 31, 2023 | For the full year ended Dec 31, 2022 | | :--- | :--- | :--- | :--- | | **Revenues** | $240.1 | $1,159.0 | $2,473.0 | | **Operating Income** | $39.9 | $210.6 | $186.7 | | **Net Income** | $20.0 | $126.8 | $80.0 | | **Adjusted EBITDA** | $71.4 | $346.8 | $296.4 | | **Earnings Per Share (diluted)** | $0.14 | $1.11 | $0.51 | - Key strategic actions include: Securing a 15-year LNG supply contract with QatarEnergy for **0.85 to 1.0 MTPA** to support the Petrobangla SPA; Authorizing a **$50 million** Class A common stock repurchase program through February 2026; Declaring a quarterly dividend of **$0.025 per share**[8](index=8&type=chunk) [2024 Financial Guidance](index=1&type=section&id=2024%20GUIDANCE) Excelerate projects 2024 full-year Adjusted EBITDA between **$315 million** and **$335 million**, with committed growth capital expenditures of **$70-$80 million** and maintenance capital expenditures of **$50-$60 million** 2024 Full Year Guidance | Metric | Expected Range (in millions) | | :--- | :--- | | **Adjusted EBITDA** | $315 - $335 | | **Committed Growth Capex** | $70 - $80 | | **Maintenance Capex** | $50 - $60 | [Fourth Quarter and Full Year 2023 Financial Results Analysis](index=1&type=section&id=FOURTH%20QUARTER%20AND%20FULL%20YEAR%202023%20FINANCIAL%20RESULTS) Full-year 2023 Net Income and Adjusted EBITDA increased due to new charters and higher rates, while Q4 2023 saw a sequential decline primarily from drydocking expenses and absence of spot LNG sales - The increase in full-year 2023 Net Income and Adjusted EBITDA was primarily due to new charters in Finland and Germany, higher rates in Brazil, Argentina, and the UAE, and higher direct margin on gas sales[7](index=7&type=chunk) - Net Income and Adjusted EBITDA decreased sequentially in Q4 2023 compared to Q3 2023 mainly because of drydocking expenses for the FSRU Excellence, non-recurring spot LNG sales in Q3, and planned vessel repairs[10](index=10&type=chunk) [Key Commercial Updates](index=2&type=section&id=KEY%20COMMERCIAL%20UPDATES) Excelerate secured long-term LNG supply with a 15-year SPA with QatarEnergy for up to **1.0 MTPA**, supporting a corresponding 15-year SPA with Petrobangla, and plans significant growth capital deployment through 2026 - Signed a 15-year LNG SPA with QatarEnergy to purchase **0.85 to 1.0 MTPA** of LNG on a delivered ex-ship basis, starting January 2026. This is expected to supply the Petrobangla contract[11](index=11&type=chunk) - Finalized a long-term LNG SPA with Petrobangla (Bangladesh) to sell **0.85 to 1.0 MTPA** of LNG for 15 years, also beginning in January 2026, with deliveries through Excelerate's two existing FSRUs in the country[12](index=12&type=chunk) - For 2024, committed growth capex is expected to be **$70-$80 million**, with plans to deploy significant additional growth capital through 2026 for organic and inorganic opportunities[13](index=13&type=chunk) [Liquidity, Capital Resources, and Shareholder Returns](index=2&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of December 31, 2023, Excelerate maintained strong liquidity with **$555.9 million** in cash and no outstanding borrowings, actively returning capital through dividends and a new **$50 million** share repurchase program - As of December 31, 2023, the company had **$555.9 million** in cash and cash equivalents and no outstanding borrowings under its **$350 million** revolving credit facility. It paid down **$68.3 million** of debt in Q4[14](index=14&type=chunk) - The Board of Directors declared a quarterly cash dividend of **$0.025 per share** of Class A common stock, payable on March 28, 2024[15](index=15&type=chunk) - A new share repurchase program was authorized, allowing the company to repurchase up to **$50 million** of its outstanding Class A common stock through February 2026[16](index=16&type=chunk) [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section provides detailed consolidated financial statements, including Statements of Income, Balance Sheets, and Cash Flows, offering a comprehensive view of the company's financial performance and position for 2023 and 2022 [Consolidated Statements of Income](index=7&type=section&id=Consolidated%20Statements%20of%20Income) Full-year 2023 total revenues decreased to **$1.16 billion** from **$2.47 billion** in 2022 due to lower gas sales, yet operating income increased to **$210.6 million** and net income grew to **$126.8 million**, indicating improved core profitability Full Year Consolidated Statements of Income (Selected Items) | (In thousands) | For the full year ended Dec 31, 2023 | For the full year ended Dec 31, 2022 | | :--- | :--- | :--- | | **Total revenues** | $1,158,963 | $2,472,973 | | FSRU and terminal services | $506,810 | $445,157 | | Gas sales | $652,153 | $2,027,816 | | **Total operating expenses** | $948,358 | $2,286,288 | | **Operating income** | $210,605 | $186,685 | | **Net income** | $126,844 | $79,996 | | **Net income per common share – diluted** | $1.11 | $0.51 | [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2023, total assets remained stable at **$2.86 billion**, while total liabilities decreased to **$1.05 billion** and total equity increased to **$1.81 billion**, reflecting a stronger balance sheet Consolidated Balance Sheet Highlights | (In thousands) | December 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total current assets** | $699,612 | $823,535 | | Cash and cash equivalents | $555,853 | $516,659 | | **Total assets** | $2,860,379 | $2,866,822 | | **Total current liabilities** | $203,756 | $391,509 | | **Total liabilities** | $1,051,025 | $1,170,125 | | **Total equity** | $1,809,354 | $1,696,697 | | **Total liabilities and equity** | $2,860,379 | $2,866,822 | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Full-year 2023 net cash from operating activities was **$231.9 million**, with **$308.6 million** used in investing activities and **$111.4 million** provided by financing, resulting in a year-end cash balance of **$572.5 million** Full Year Consolidated Statements of Cash Flows | (In thousands) | For the year ended Dec 31, 2023 | For the year ended Dec 31, 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $231,885 | $225,090 | | **Net cash used in investing activities** | $(308,634) | $(119,267) | | **Net cash provided by financing activities** | $111,357 | $341,184 | | **Net increase in cash, cash equivalents and restricted cash** | $34,487 | $447,007 | | **Cash, cash equivalents and restricted cash at end of period** | $572,458 | $537,971 | [Non-GAAP Financial Measures and Reconciliation](index=4&type=section&id=Non-GAAP%20Reconciliation) The company uses non-GAAP measures like Adjusted Gross Margin and Adjusted EBITDA to clarify core operational performance, with full-year 2023 Adjusted EBITDA increasing to **$346.8 million** and 2024 guidance set at **$315-$335 million** - The company uses non-GAAP measures to supplement GAAP results. Key measures include: **Adjusted Gross Margin**: Revenues less direct cost of sales and operating expenses, excluding D&A; **Adjusted EBITDA**: Net income adjusted for interest, taxes, D&A, accretion, and other non-recurring items; **Adjusted Net Income**: Net income adjusted for non-recurring charges[21](index=21&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk) Reconciliation of Net Income to Adjusted EBITDA (Full Year) | (In thousands) | For the full year ended Dec 31, 2023 | For the full year ended Dec 31, 2022 | | :--- | :--- | :--- | | **Net income** | $126,844 | $79,996 | | Interest expense | $66,995 | $59,539 | | Provision for income taxes | $33,247 | $28,326 | | Depreciation and amortization expense | $114,323 | $97,313 | | Accretion expense | $1,774 | $1,494 | | Other adjustments | $3,639 | $29,690 | | **Adjusted EBITDA** | **$346,822** | **$296,358** | 2024E Adjusted EBITDA Outlook Reconciliation | (In millions) | 2024E Low Case | 2024E High Case | | :--- | :--- | :--- | | Income before income taxes | $146 | $184 | | Interest expense | $65 | $55 | | Depreciation and amortization expense | $96 | $86 | | Long-term incentive compensation expense | $6 | $9 | | Accretion expense | $2 | $1 | | **Adjusted EBITDA** | **$315** | **$335** |