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Dec 31, 2022
Excelerate Energy Q4 2022 Earnings Report
Reported financial results for the fourth quarter and full-year ended December 31, 2022.
Key Takeaways
Excelerate Energy reported a net income of $33.9 million and an adjusted net income of $34.1 million for the fourth quarter of 2022. The company's adjusted EBITDAR for the quarter was $98.0 million. They also executed a 20-year Sales and Purchase Agreement for 0.7 MTPA of LNG with Venture Global in February 2023.
Reported Net Income of $33.9 million for the fourth quarter.
Reported Adjusted Net Income of $34.1 million for the fourth quarter.
Reported Adjusted EBITDAR of $98.0 million for the fourth quarter.
Deployed the FSRU Exemplar to Finland in December; sold partial commissioning LNG cargo into Finland.
Excelerate Energy
Excelerate Energy
Forward Guidance
The Company expects Adjusted EBITDA to range between $320 million and $340 million for the full year 2023.