Excelerate Energy (EE) FY 2025 Conference September 02, 2025 03:35 PM ET Company ParticipantsSteven Kobos - President, CEO & DirectorConference Call ParticipantsTheresa Chen - Senior Analyst - Midstream & Refining Equity ResearchTheresa ChenGood afternoon, everyone. My name is Theresa Chen, and I am the Midstream and Refining Analyst here at Barclays. It is my pleasure to introduce our next company, Accelerate Energy. From Accelerate, we have Stephen Kobos, CEO. Stephen, please.Steven KobosThanks, Theresa. ...

Financial Data and Key Metrics Changes - The company reported a strong financial condition with $400 million in cash and an undrawn $500 million revolver, indicating readiness for growth initiatives [6] - The company expects the Caribbean platform to generate an incremental EBITDA of $80 million to $110 million over the next five years, with planned capital expenditures of $200 million to $400 million [16] Business Line Data and Key Metrics Changes - The recent acquisition of an integrated LNG and power platform in Jamaica, valued at over $1 billion, has positioned the company as an integrated downstream LNG performer [8] - The company has added two LNG import terminals, a power plant, and 12 small-scale regasification facilities, enhancing its operational capabilities [9] Market Data and Key Metrics Changes - The Caribbean market is heavily reliant on diesel and heavy fuel oil, with over 90% of power generation coming from these sources, presenting a significant opportunity for fuel switching to LNG [23] - The company is focused on optimizing gas throughput in Jamaica and expanding its infrastructure to meet the growing demand for cleaner energy [13][24] Company Strategy and Development Direction - The company aims to leverage its recent acquisition to expand its footprint in the Caribbean while maintaining its global presence [16] - The strategy includes optimizing existing assets and exploring new opportunities for growth through both organic projects and acquisitions [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the LNG market fundamentals, highlighting the support from the U.S. government and the increasing global demand for U.S. LNG [57][59] - The company remains focused on delivering reliable energy solutions and is committed to expanding its market reach [58] Other Important Information - The company has increased its dividend by 33% and expects low double-digit increases in dividends over the next three years, reflecting strong cash conversion from its business [33][34] - The company is actively negotiating opportunities for its FSRU asset in Asia and the Middle East, indicating a proactive approach to market expansion [45] Q&A Session Summary Question: Opportunities from the acquisition in Jamaica - The acquisition is expected to serve as a springboard for further growth in the Caribbean, with plans to optimize operations and increase gas throughput [8][12] Question: Total addressable market for fuel switching - The Caribbean's reliance on liquid fuels presents a significant opportunity for the company to deliver savings and reliable energy [23][24] Question: Optimization of legacy terminal services - The company views its legacy business as a critical component of its operations, focusing on reliability and customer needs [26][28] Question: Capital allocation strategy - The primary focus remains on growth, with a commitment to returning capital to shareholders through dividends and share buybacks [32][34] Question: FSRU conversion candidates - The company is advancing on the engineering and design for converting its assets, with a timeline for potential completion by late 2027 [38][46] Question: Sustainability and cost savings efforts - The company is integrating modular relicofaction kits to enhance sustainability and improve operational efficiency [47][50]

Core Insights - KN Energies reported significant growth in the first half of 2025, with revenue increasing by 20% year-on-year to EUR 51.1 million and EBITDA rising by 25% to EUR 27.2 million [2][3] Financial Performance - Group revenue for the first half of 2025 was EUR 51.1 million, compared to EUR 42.6 million in the same period of 2024 [2] - EBITDA for the Group reached EUR 27.2 million, up from EUR 21.7 million year-on-year [2] - Net profit for the Group was EUR 8.6 million, a significant increase from EUR 1.5 million in the first half of 2024 [2] - Adjusted net profit also rose to EUR 8.6 million from EUR 6.3 million year-on-year [2] Segment Performance - The Company loaded 1.83 million tonnes of liquid energy products, a decrease of 4% compared to the previous year, attributed to lower petrol transshipment volumes [3] - Revenue from liquid energy products increased by 3% to EUR 15 million, with EBITDA rising by 15% to EUR 6.9 million [3] - Net profit from liquid energy activities grew by 21% to EUR 3.7 million [3] LNG Activities - Net profit from commercial LNG activities was EUR 1.8 million, down 25% from the previous year, while revenue remained stable at EUR 5.1 million [4] - Costs increased by 14.6%, impacting profitability due to various stages of international project implementation [4] - The Company operates LNG terminals in Brazil and Germany, with plans to take over a second terminal in Wilhelmshaven [4] New Energy Projects - KN Energies is advancing projects for new energy handling, including a grant agreement with the European Commission for over EUR 3 million for a CO₂ terminal in Klaipėda [5] - A market consultation was initiated to gauge interest in the planned Klaipėda CO₂ terminal [5]

Core Viewpoint - Sempra Infrastructure and ConocoPhillips have signed a 20-year sale and purchase agreement for 4 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 2 project, highlighting the growing role of U.S. LNG in global energy security [1][2]. Group 1: Project Details - The Port Arthur LNG Phase 2 project will include two liquefaction trains with a production capacity of approximately 13 Mtpa, increasing the total capacity of the facility to about 26 Mtpa [3]. - ConocoPhillips previously secured 5 Mtpa of offtake capacity for 20 years from the Phase 1 project, where it holds a 30% equity stake [2]. - In July 2025, Sempra Infrastructure entered into another 20-year SPA with JERA Co. Inc. for 1.5 Mtpa of LNG offtake from the Phase 2 project [4]. Group 2: Regulatory and Development Progress - The project has received all major permits, including approval from the Federal Energy Regulatory Commission in September 2023 and export authorization from the U.S. Department of Energy in May 2025 [5]. - Bechtel has been selected for the engineering, procurement, and construction of the Port Arthur LNG Phase 2 facility [6]. Group 3: Strategic Importance - The partnership between Sempra and ConocoPhillips aims to connect U.S. natural gas producers with growing international markets, contributing to economic growth and job creation domestically [2]. - Sempra's ongoing initiatives for 2025 focus on unlocking value in the LNG sector, positioning the company for future growth and long-term shareholder value [8].

Macquarie Group has hired Samuele Ravelli to lead its global LNG trading business as the market for the super-chilled fuel booms https://t.co/WoLCXY4dFP ...

The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends. Analyst's Disclosure:I/we have a beneficial long position in the shares of VG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivi ...

Company Performance - Golar LNG Limited (GLNG) reported second-quarter 2025 earnings of 26 cents per share, missing the Zacks Consensus Estimate of 29 cents and declining year over year [1][8] - Revenues for the quarter were $75.7 million, surpassing the Zacks Consensus Estimate of $66.3 million and improving by 17% year over year [1][8] - Adjusted EBITDA for the quarter was $49.25 million, reflecting a decline of 16% year over year [3] Financial Position - As of June 30, 2025, Golar LNG had cash and cash equivalents of $783.42 million, an increase from $521.43 million at the end of the previous quarter [4] - The company's share of contractual debt rose by 71% year over year to $2.05 billion [4][8] - The board of directors approved a second-quarter 2025 dividend of 25 cents per share, payable on or around September 2, 2025 [4] Operational Developments - In June 2025, the FLNG Gimi achieved its Commercial Operations Date, marking the start of a 20-year lease term with BP [2] - On August 6, 2025, SESA reached a Final Investment Decision for the charter of Golar's 3.5 MTPA MKII FLNG, with completion anticipated by 2025 [3] Industry Comparison - Vista Energy S.A.B. de CV reported second-quarter 2025 adjusted earnings per share of 55 cents, missing estimates, while revenues increased to $610.5 million [6] - ExxonMobil reported second-quarter 2025 earnings per share of $1.64, beating estimates, but total revenues of $81.5 billion missed expectations [7]

Core Insights - Venture Global, Inc. (VG) reported second-quarter 2025 diluted earnings per share of 14 cents, missing the Zacks Consensus Estimate of 22 cents, but an increase from 12 cents in the same quarter last year [1][10] - Total revenues for the quarter reached $3.1 billion, significantly up from $1.1 billion year-over-year and exceeding the Zacks Consensus Estimate of $2.9 billion [1][10] Financial Performance - Income from operations was $1.04 billion, compared to $363 million in the second quarter of 2024, driven by increased LNG sales volumes from the Plaquemines project, despite lower prices at the Calcasieu Project [3] - Adjusted EBITDA for the quarter was $1.4 billion, a 217% increase from $440 million in the previous year, primarily due to higher LNG sales volumes [5] - The cost of sales rose to $1.4 billion from $300 million year-over-year, with total operating costs and expenses amounting to $2.1 billion, up from $745 million [6] Export and Sales Data - VG exported 89 cargoes in the second quarter, a significant increase from 36 cargoes in the same period last year, with total LNG volumes exported reaching 331 trillion British thermal units (TBtu), up from 129 TBtu [4][10] Balance Sheet - As of June 30, 2025, the company had $2.25 billion in cash and cash equivalents, with a net long-term debt of $29.8 billion [7] Future Outlook - For the full year 2025, VG projects Adjusted EBITDA to be in the range of $6.4 billion to $6.8 billion, with total cargoes expected to be between 367 and 389 [8]

Key Takeaways TotalEnergies and GIP commit $1.8B to fund Train 4 at NEXT's Rio Grande LNG in Brownsville.TotalEnergies takes 10% of Train 4, while GIP invests $1.5B for a 50% stake.Train 4 and Train 5 could add 10.8 mtpa capacity, boosting U.S. LNG export strength.NextDecade Corporation (NEXT) , a U.S.-based liquefied natural gas (LNG) company, announced that it has secured a commitment of $1.8 billion toward the expansion of the Rio Grande LNG plant near Brownsville, TX. In a regulatory filing, the company ...

Venture Global Inc. expects the first arbitration case filed by some of the world’s biggest energy companies against the US LNG exporter to be concluded “imminently” https://t.co/LSYj4uBBnV ...