Excelerate Energy(EE)

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 Excelerate Energy(EE) - 2023 Q2 - Earnings Call Transcript
 2023-08-10 15:45
 Financial Performance - Excelerate reported adjusted EBITDA of $89 million and net income of approximately $30 million for Q2 2023, reflecting a year-over-year increase of 33% and 45% respectively [6][20][21] - The increase in adjusted net income and EBITDA was primarily driven by higher charter rates in Finland and Argentina, along with a contract extension at a higher rate in the UAE [20][21] - As of June 30, the company had $462 million in cash and cash equivalents and a gross leverage ratio of 2.6 times, down from 2.8 times in the previous quarter [24]   Business Line Performance - The FSRU and Terminal Services business provided stable revenues and predictable margins, contributing to the strong financial results [6] - Excelerate secured additional LNG sales in Bangladesh through spot tenders, with four spot LNG cargo contracts secured year-to-date [7] - The FSRU Excelsior provided regasification services in Argentina and is expected to return to Germany in Q3 2023 [8]   Market Dynamics - The LNG market in the Asia-Pacific region experienced muted demand due to improved nuclear availability and healthy LNG supply, allowing South Asian countries to reenter the spot market [17] - EU natural gas storage levels were approximately 87% full, ahead of the mandated target for November 1 [10] - A potential cold winter in Europe could increase natural gas consumption significantly, driving the need for flexible LNG regasification capacity [17]   Strategic Direction - The company is focused on developing a diversified portfolio of LNG supply and evaluating opportunities to grow its fleet [18] - Excelerate plans to pursue gas sales agreements downstream of its FSRUs and strategic partnerships with LNG producers to enhance its market presence [29] - The company is also considering acquiring new FSRUs to support integrated offerings [28]   Management Commentary - Management expressed confidence in the company's ability to connect LNG to downstream customers, particularly in the Global South, and highlighted the importance of U.S. Gulf Coast liquefaction projects [11] - The company is maintaining a disciplined approach to capital investments while also recognizing the value of returning capital to shareholders [33] - Management noted that the planned dry dock for the FSRU Excellence will impact Q4 results but remains confident in Q3 performance [52]   Other Important Information - Excelerate's fleet represented 29% of global sendout capacity for FSRU-based terminals as of June 30 [9] - The company declared a dividend of $0.025 per share to shareholders of record as of August 23 [9]   Q&A Session Summary  Question: Update on the Bangladesh LNG supply deal - Management confirmed that the government of Bangladesh has approved a proposal for Excelerate to supply 1 to 1.5 MTPA of LNG for 15 years starting in 2026, aligning with the delivery timeline of new vessels [2][31]  Question: Clarification on the dry dock timeline for the FSRU Excellence - Management indicated that the FSRU Excellence will be off-hire for about 50 days during its dry dock in Southeast Asia, with related expenses impacting the income statement [44]  Question: Strategy regarding LNG carriers - Management is actively considering both long-term charters and acquisitions of LNG carriers, depending on supply procurement strategies [46]
 Excelerate Energy(EE) - 2023 Q2 - Quarterly Report
 2023-08-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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, 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 jurisdict ...
 Excelerate Energy(EE) - 2023 Q1 - Earnings Call Transcript
 2023-05-11 18:26
Excelerate Energy, Inc. (NYSE:EE) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET Company Participants Craig Hicks - VP-IR Steven Kobos - President and CEO Dana Armstrong - EVP and CFO Daniel Bustos - EVP and Chief Commercial Officer Conference Call Participants Christopher Robinson - Deutsche Bank Michael Blum - Wells Fargo Operator Hello and welcome to the Excelerate Energy First Quarter 2023 Earnings Conference Call. My name is Lauren and I'll be coordinating your call today. [Operator Instructi ...
 Excelerate Energy(EE) - 2023 Q1 - Quarterly Report
 2023-05-10 16:00
FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 jurisdic ...
 Excelerate Energy(EE) - 2022 Q4 - Earnings Call Transcript
 2023-03-28 16:50
Excelerate Energy, Inc. (NYSE:EE) Q4 2022 Earnings Conference Call March 28, 2023 8:30 AM ET Company Participants Craig Hicks – Vice President-Investor Relations Steven Kobos – President and Chief Executive Officer Dana Armstrong – Chief Financial Officer Conference Call Participants Devin McDermott – Morgan Stanley Craig Shere – Tuohy David Havens – SMBC Nikko Operator Hello, everyone, and welcome to the Excelerate Energy Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Bruno, and I’l ...
 Excelerate Energy(EE) - 2022 Q4 - Annual Report
 2023-03-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, DC 20549 For the transition period from _________ to _________ FORM 10-K (Mark One) Commission File Number: 001-41352 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Registrant's telephone number, including area code: (832) 813-7100 Securities registered pursuant to Section ...
 Excelerate Energy(EE) - 2022 Q3 - Quarterly Report
 2022-11-13 16:00
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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ | --- | --- | --- | |------------------------------------ ...
 Excelerate Energy(EE) - 2022 Q3 - Earnings Call Transcript
 2022-11-10 16:32
Excelerate Energy, Inc. EE) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Steven Kobos - President & CEO Dana Armstrong - EVP & CFO Craig Hicks - VP, IR Conference Call Participants Michael Blum - Wells Fargo Securities Craig Shere - Tuohy Brothers Investment Research Operator Hello, everyone, and welcome to the Excelerate Energy 3Q 2022 earnings call. My name is Drew, and I'll be coordinating your call today. [Operator Instructions]. I would now like to turn the call ov ...
 Excelerate Energy(EE) - 2022 Q2 - Quarterly Report
 2022-08-14 16:00
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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ | --- | --- | --- | |----------------------------------------- ...
 Excelerate Energy(EE) - 2022 Q2 - Earnings Call Transcript
 2022-08-11 17:21
Excelerate Energy, Inc. (NYSE:EE) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET Company Participants Craig Hicks - VP, IR & ESG Steven Kobos - President, CEO & Director Dana Armstrong - EVP & CFO Daniel Bustos - EVP & Chief Commercial Officer Conference Call Participants Devin McDermott - Morgan Stanley Michael Blum - Wells Fargo Securities Matthew Taylor - Tudor, Pickering, Holt & Co. David Havens - SMBC Nikko Cameron Lochridge - Stephens Inc. Marc Solecitto - Barclays Bank Operator Hello, ev ...
