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Excelerate Energy(EE) - 2025 Q1 - Earnings Call Presentation
2025-05-07 21:52
Financial Performance - Excelerate Energy reported Adjusted EBITDA of $100.4 million in 1Q 2025, a 10% sequential increase from 4Q 2024[17, 28] - Adjusted Net Income for 1Q 2025 was $55.6 million, representing a 21% sequential increase from the previous quarter[17, 28] - Adjusted Earnings Per Share (diluted) for 1Q 2025 reached $0.49, a 23% sequential increase[17] - The company achieved a high operational reliability of 99.9% in 1Q 2025[17] Growth Strategy & Jamaica Acquisition - Excelerate Energy is focused on optimizing its core business to maximize shareholder value[19] - The company is growing its fleet through selective acquisitions and new vessel construction[21] - Excelerate Energy acquired an integrated LNG and power platform in Jamaica for just over $1 billion, expected to be immediately accretive to earnings per share[22, 34] - The Jamaica business includes a Clarendon CHP Plant, storage & distribution assets, and provides approximately 30 TBtu of annual LNG supply[23] Capital Structure & Outlook - Excelerate Energy completed an equity offering of 8 million shares at $26.50 per share, raising $212 million in gross proceeds[34] - The company closed an $800 million offering of 8% senior unsecured notes due in 2030[35] - The company revised its full year 2025 Adjusted EBITDA guidance to a range of $345 million - $365 million, exclusive of the pending Jamaica acquisition[38]