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Sep 30, 2024
Excelerate Energy Q3 2024 Earnings Report
Reported strong financial results, increased cash dividend, and raised full-year Adjusted EBITDA guidance.
Key Takeaways
Excelerate Energy reported a solid third quarter in 2024, marked by a net income of $45.5 million and an adjusted EBITDA of $92.3 million. The company raised and narrowed its full-year Adjusted EBITDA guidance to a range of $335 million to $345 million. Additionally, the company increased its quarterly cash dividend by 140% from the prior quarter.
Reported net income of $45.5 million for Q3 2024.
Reported Adjusted EBITDA of $92.3 million for Q3 2024.
Raised and narrowed full-year 2024 Adjusted EBITDA guidance to between $335 million and $345 million.
Declared a quarterly cash dividend of $0.06 per share, representing a 140% increase from the prior quarter.
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 raising and narrowing its full year guidance for Adjusted EBITDA. The Company now expects Adjusted EBITDA to range between $335 million and $345 million for the full year 2024. Committed Growth Capital is expected to range between $70 million and $80 million. Maintenance Capex for 2024 is expected to range between $40 million and $50 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income