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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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