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Sep 30, 2023
Excelerate Energy Q3 2023 Earnings Report
Excelerate Energy reported strong results due to higher rates on charters and lower operating lease expense.
Key Takeaways
Excelerate Energy reported a Net Income of $46.5 million and Adjusted EBITDA of $106.9 million for the third quarter of 2023. The company raised its full year 2023 Adjusted EBITDA guidance to a range between $340 million and $350 million.
Reported Net Income of $46.5 million for the third quarter
Reported Adjusted EBITDA of $106.9 million for the third quarter
Signed an agreement with Petrobras to charter the floating storage and regasification unit (FSRU) Sequoia for 10 years
Signed a long-term contract to sell to Petrobangla 0.85 to 1.0 MTPA of LNG for 15 years beginning in 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 revising its full year 2023 guidance range. The Company now expects Adjusted EBITDA to range between $340 million and $350 million. Maintenance capex for 2023 is now expected to range between $20 million and $25 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income