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Dec 31, 2023
Excelerate Energy Q4 2023 Earnings Report
Reported strong full year results and announced a new share repurchase program.
Key Takeaways
Excelerate Energy reported strong financial results for the full year and fourth quarter ended December 31, 2023. The company reported a net income of $20.0 million for the fourth quarter and authorized up to $50 million of Class A common stock repurchases through February 2026.
Reported Net Income of $20.0 million for the fourth quarter.
Reported Adjusted EBITDA of $71.4 million for the fourth quarter.
Secured supply for previously announced Petrobangla SPA by executing 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.
Authorized up to $50 million of Class A common stock repurchases through February 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
Full year 2024 Adjusted EBITDA expected to range between $315 million and $335 million. Committed Growth Capex is expected to range between $70 million and $80 million. Maintenance Capex expected to range between $50 million and $60 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income