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]