Loading...
•
Dec 31, 2024
Excelerate Energy Q4 2024 Earnings Report
Excelerate Energy reported strong financial results for the fourth quarter and full year 2024, including record full year performance.
Key Takeaways
Excelerate Energy delivered record full year financial results in 2024, driven by strong performance in its core regasification business. The company reported significant increases in net income and Adjusted EBITDA for the full year, while fourth quarter results remained largely flat compared to the previous quarter.
Net Income for the fourth quarter of 2024 was $46.1 million, contributing to a full year net income of $153.0 million.
Adjusted EBITDA reached $91.6 million for Q4 2024, with the full year Adjusted EBITDA at $348.2 million.
The company declared a quarterly cash dividend of $0.06 per share, payable on March 27, 2025.
Full year 2025 Adjusted EBITDA is projected to be between $340 million and $360 million, indicating continued growth expectations.
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 Energy expects continued strong performance in 2025, with Adjusted EBITDA projected to be between $340 million and $360 million. The company plans to focus on fleet expansion, LNG supply portfolio optimization, and strategic investments in FSRU-based import terminals and downstream LNG infrastructure.
Positive Outlook
- Full year 2025 Adjusted EBITDA expected to range between $340 million and $360 million.
- Commitment to expanding the fleet and optimizing LNG supply portfolio.
- Pursuit of strategic investments in FSRU-based import terminals and downstream LNG infrastructure.
- Focus on executing growth strategy to drive value creation for shareholders.
- Maintenance Capex expected to range between $60 million and $70 million.
Challenges Ahead
- Actual results may differ materially from the Company's outlook due to various risk factors.
- Unplanned issues, including time delays, unforeseen expenses, cost inflation, materials or labor shortages, could impact project timelines.
- Competitive market for liquefied natural gas (LNG) regasification services may affect performance.
- Changes in the supply and demand for LNG and natural gas, as well as price fluctuations, could impact results.
- Geopolitical climate and international conflicts may introduce new risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income