earnings
confidence high
sentiment neutral
materiality 0.70
Excelerate Energy Q1 net income $12.8M, revenue $591.7M, Adjusted EBITDAR $71.4M
Excelerate Energy, Inc.
2023-Q1 EPS reported
$0.00
revenue$591,673,000
- Net income $12.8 million vs $38.0 million in Q1 2021; Revenue $591.7 million, up 259% YoY.
- Adjusted EBITDAR $71.4 million, Adjusted EBITDA $62.3 million, down from $96.6M and $89.5M in Q1 2021.
- Advanced Moheshkhali LNG expansion in Bangladesh and received approval in principle for Payra LNG project.
- Signed binding regasification agreement with Gasgrid Finland; awarded seasonal tender for Bahia Blanca GasPort in Argentina.
- CEO cites European energy crisis headwinds but expects increased demand for flexible LNG access to benefit company.