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Jun 30, 2023
Excelerate Energy Q2 2023 Earnings Report
Delivered strong results due to steady performance of core regasification business and demand for FSRUs.
Key Takeaways
Excelerate Energy reported a net income of $29.6 million and an adjusted EBITDA of $88.6 million for the second quarter of 2023. The company secured contracts to sell four spot LNG cargos into Bangladesh and commenced seasonal regasification services at the Bahia Blanca GasPort in Argentina.
Reported Net Income of $29.6 million for the second quarter
Reported Adjusted EBITDA of $88.6 million for the second quarter
Secured contracts to sell four spot LNG cargos into Bangladesh in 2023, two delivered in the second quarter
Commenced seasonal regasification services at the Bahia Blanca GasPort in Argentina in May 2023
Revenue by Segment
Forward Guidance
Excelerate is narrowing its full year 2023 guidance range. The Company now expects Adjusted EBITDA to range between $325 million and $335 million for the full year 2023. Maintenance capex for 2023 is expected to range between $20 million and $30 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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