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Mar 31, 2024
Excelerate Energy Q1 2024 Earnings Report
Reported strong financial results for the first quarter of 2024.
Key Takeaways
Excelerate Energy reported a net income of $28.1 million and an adjusted EBITDA of $75.4 million for the first quarter of 2024. The company is reaffirming its full year guidance range with adjusted EBITDA expected to range between $315 million and $335 million.
Reported Net Income of $28.1 million for the first quarter
Reported Adjusted EBITDA of $75.4 million for the first quarter
Commenced 10-year charter with Petrobras for the floating storage and regasification unit (FSRU) Sequoia in January
Signed a long-term contract to purchase 0.85 to 1.0 MTPA of LNG from QatarEnergy on a delivered ex-ship basis in Bangladesh for 15 years, beginning January 2026
Excelerate Energy
Excelerate Energy
Excelerate Energy Revenue by Segment
Revenue by Segment
Terminal services Revenue
CapyFin.comLNG, gas and power Revenue
CapyFin.com Forward Guidance
Excelerate is reaffirming its full year guidance range. The Company expects Adjusted EBITDA to range between $315 million and $335 million for the full year 2024. Committed Growth Capex is expected to range between $70 million and $80 million. Maintenance Capex for 2024 is expected to range between $50 million and $60 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income