Financial Performance - Total revenues for Q2 2023 reached $432.4 million, a 6.5% increase from $406.1 million in Q2 2022[16] - Net income for Q2 2023 was $29.6 million, compared to a net loss of $4.0 million in Q2 2022, marking a significant turnaround[16] - Operating income for the first half of 2023 was $103.2 million, up 31.6% from $78.4 million in the same period of 2022[16] - Gas sales in Q2 2023 amounted to $306.9 million, a 16.5% increase from $263.5 million in Q2 2022[16] - The company reported a net income attributable to shareholders of $6.0 million in Q2 2023, compared to a loss of $2.0 million in Q2 2022[16] - Comprehensive income for Q2 2023 was $30.6 million, compared to a loss of $3.3 million in Q2 2022[18] - For the six months ended June 30, 2023, Excelerate Energy reported a net income of $30.739 million, compared to a net income of $23.895 million for the same period in 2022, representing a year-over-year increase of approximately 28.5%[20] - Net income for the six months ended June 30, 2023, was $60,295,000, a significant increase from $8,854,000 in the same period of 2022, representing a growth of approximately 580%[24] Expenses and Liabilities - The company experienced a 5.5% increase in operating expenses for the first half of 2023, totaling $540.2 million compared to $511.5 million in the same period of 2022[16] - Interest expense for Q2 2023 was $13.5 million, up from $7.8 million in Q2 2022, reflecting increased financing costs[16] - The company’s depreciation and amortization expenses increased to $55,965,000 in the first half of 2023 from $48,039,000 in 2022, marking a rise of approximately 16.5%[24] - Total long-term debt increased to $420,310,000 as of June 30, 2023, from $193,396,000 as of December 31, 2022[50] - The total long-term debt outstanding as of June 30, 2023, was $458.834 million, with future principal payments scheduled as follows: $11.077 million for the remainder of 2023, $22.693 million for 2024, and $275.081 million for 2027[63] Equity and Dividends - The total equity of Excelerate Energy as of June 30, 2023, was $1.7547 billion, an increase from $1.6966 billion at the beginning of the year[20] - The company declared Class A dividends of $0.025 per share, totaling $663,000 for the second quarter of 2023[20] - The Company declared total dividends of $667,000 for Class A Common Stock for the quarter ended June 30, 2023, with a dividend of $0.025 per share[75] Cash Flow and Investments - Cash flows from operating activities provided $24,479,000 in the first half of 2023, compared to a cash outflow of $(9,499,000) in the same period of 2022[24] - Total cash used in investing activities was $(288,687,000) for the six months ended June 30, 2023, compared to $(42,030,000) in 2022, indicating a substantial increase in capital expenditures[24] - The company reported a net cash provided by financing activities of $210,463,000 in the first half of 2023, down from $366,266,000 in the same period of 2022[24] Assets and Receivables - As of June 30, 2023, accounts receivable, net totaled $145,608,000, up from $82,289,000 at the end of 2022, reflecting a 77% increase[39] - Trade receivables as of June 30, 2023, were $140,929,000, significantly higher than $74,980,000 at the end of 2022, indicating an increase of about 87.7%[39] - As of June 30, 2023, receivables from contracts with customers were $118.0 million, up from $14.9 million at the end of 2022, indicating improved cash flow management[96] Risk Factors - The company continues to face risks related to international conflicts and market volatility, which may impact future performance[14] - The company is subject to credit risk concentrations, with Customer A contributing 49% of total revenues for the six months ended June 30, 2023, down from 78% in 2022[128] - The Company is exposed to market risks including changes in interest rates, LNG commodity prices, and foreign currency exchange rates, and may use derivative instruments to manage these risks[228] Derivative Instruments and Hedging - The Company has entered into long-term interest rate swap agreements to hedge a portion of its exposure to interest rate changes associated with external bank loans[229] - The Company utilized an immaterial amount of financial derivatives to hedge currency exposure during the six months ended June 30, 2023[232] - The Company did not hold any commodity derivative instruments as of June 30, 2023 or 2022, indicating minimal hedging activity for commodity price risk[231] Contracts and Agreements - The company executed a 20-year LNG sales and purchase agreement with Venture Global LNG, committing to purchase 0.7 million tonnes of LNG per annum, with an estimated average annual commitment of approximately $250 million[131][132] - The fixed transaction price allocated to remaining performance obligations under long-term contracts was $868.7 million, with expected revenue recognition of $61.7 million in the remainder of 2023[99] Stock-Based Compensation - Stock-based compensation expense for the six months ended June 30, 2023, was $1.4 million, up from $270,000 in the same period of 2022, indicating increased employee incentives[102] - As of June 30, 2023, the company had $3.2 million in unrecognized compensation costs related to stock options, expected to be recognized over 3.8 years[103] - The company granted 84,699 performance units with a weighted average fair value of $28.16, reflecting a focus on aligning employee performance with shareholder returns[108]

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 ...

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, 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 ...

Financial Performance - Excelerate closed its IPO on April 18, 2022, offering 18,400,000 shares at $24.00 per share, generating gross proceeds of $441.6 million before expenses[18]. - The company has secured long-term, take-or-pay contracts that generate consistent revenue and cash flow, minimizing exposure to commodity price volatility[45]. - As of December 31, 2022, the weighted average remaining term of contracts is 6.3 years, indicating a stable revenue stream from FSRU services[42]. - The company aims to maintain a disciplined investment philosophy to support sustainable and profitable growth, focusing on high-return growth opportunities[49]. Operations and Fleet - As of December 31, 2022, Excelerate operates a fleet of ten FSRUs, having completed over 2,500 STS transfers and delivered more than 6,000 BCF of natural gas[22]. - The company operates one of the largest FSRU fleets for regasification, with over 2,500 STS transfers of LNG and the development or operation of 16 LNG import terminals, establishing itself as a market leader[45]. - The FSRUs have maximum send-out capacities ranging from 600 MMscf/d to 1,200 MMscf/d, allowing for flexible and efficient natural gas delivery[28]. - As of December 31, 2022, nine of the FSRUs are contracted under long-term time charter contracts, providing natural gas on demand[41]. Market Position and Strategy - Excelerate is the largest provider of regasified LNG in Argentina and Bangladesh, and one of the largest in Brazil and Pakistan, with operations in 11 countries[21]. - The company has plans to expand its business to include LNG-to-power projects, enhancing its service offerings[23]. - The company plans to pursue strategic acquisitions to enhance growth and diversify its product portfolio in response to increasing global demand for electricity generation and cleaner energy solutions[48]. - The company aims to optimize its LNG portfolio and fleet flexibility to meet customer needs and support the transition to a lower-carbon future[26]. Environmental and Regulatory Compliance - The company is subject to various environmental regulations, including limits on sulphur content in fuel oil and protocols for mitigating potential harm to human health and the environment[61]. - The IMO GHG Strategy aims to reduce GHG emissions from international shipping by at least 50% by 2050 compared to 2008 levels, with amendments to MARPOL Annex VI effective from November 1, 2022[63]. - The company is responsible for obtaining gas marketing licenses as it expands its natural gas sales line of business to new markets[60]. Human Capital and Diversity - The company has a global headcount of 890 employees, consisting of 190 full-time onshore employees and 700 seafarers, emphasizing the importance of human capital[51]. - The company has established a DEI Council to promote diversity, equity, and inclusion within its workforce, enhancing its operational and financial success[54]. Financial Risks and Management - The company is exposed to commodity price risk primarily through LNG purchases, with no commodity derivative instruments held as of December 31, 2022 or 2021[402]. - The company has entered into long-term interest rate swap agreements to hedge a portion of its exposure to interest rate changes associated with external bank loans[400]. - The company recorded foreign currency losses of $(7.2) million for the year ended December 31, 2022, while gains were $0.1 million in 2021 and $(1.3) million in 2020[403]. - As of December 31, 2022, the fair value of the company's interest rate swaps was $2.3 million, compared to $(4.4) million as of December 31, 2021[401]. Seasonal and Operational Challenges - Seasonal weather can affect the demand for natural gas and LNG sales, prompting the company to manage operations to meet energy needs during winter months in both hemispheres[50]. - The company utilizes Bureau Veritas for vessel classification and compliance with flag state laws through periodic inspections[59]. - The company operates under collective bargaining agreements for seafarers, ensuring compliance with the Maritime Labour Convention 2006[65]. - The company has no material properties other than its vessels and terminal assets, with corporate headquarters located in The Woodlands, Texas[66].

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, 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 ...

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, 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 ...

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 March 31, 2022 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) Delaware 87-2878691 (Sta ...