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Mar 31, 2023
Excelerate Energy Q1 2023 Earnings Report
Excelerate Energy's financial results reported for the first quarter ended March 31, 2023.
Key Takeaways
Excelerate Energy reported a net income of $30.7 million and an adjusted EBITDA of $79.9 million for the first quarter of 2023. The company also reaffirmed its full-year 2023 adjusted EBITDA guidance range of $320 million to $340 million.
Net Income reported at $30.7 million for the first quarter.
Adjusted Net Income reported at $32.7 million for the first quarter.
Adjusted EBITDA reported at $79.9 million for the first quarter.
Time charter commenced with the Federal Republic of Germany for the FSRU Excelsior in February 2023.
Excelerate Energy
Excelerate Energy
Forward Guidance
Excelerate is reaffirming its full year 2023 guidance range. The Company expects Adjusted EBITDA to range between $320 million and $340 million for the full year 2023. Maintenance capex for 2023 is expected to range between $15 million and $35 million.