Excelerate Energy reports FY2022 net income $80M, revenues $2.47B; guides FY2023 EBITDA $320-340M

Excelerate Energy, Inc.

Q4 2022 net income $33.9M, full year $80.0M; Adjusted net income $34.1M Q4, $108.7M FY.
FY2022 revenue $2.47B, up from $888.6M in 2021 driven by LNG demand and FSRU deployments.
FY2023 Adjusted EBITDA guidance range of $320M to $340M.
Board declared $0.025 quarterly dividend, payable April 27, 2023.
Executed 20-year SPA with Venture Global for 0.7 MTPA LNG; amended $600M credit facility in March.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Excelerate Energy, Inc. reported the full year ended December 31, 2022 results: revenue $ 2,473.0, net income $ 80.0, EPS $ 0.51.

Period: the full year ended December 31, 2022
Revenue: $ 2,473.0
Net income: $ 80.0
EPS: $ 0.51
Result: reported results

Exact text from the filing

Fourth Quarter and Full Year 2022 Financial REsults For the three months ended For the full year ended December 31, September 30, December 31, December 31, (in millions) 2022 2022 2022 2021 Revenues $ 455.1 $ 803.3 $ 2,473.0 $ 888.6 Operating Income $ 58.4 $ 49.9 $ 186.7 $ 139.3 Net Income $ 33.9 $ 37.3 $ 80.0 $ 41.2 Adjusted Net Income (1) $ 34.1 $ 38.6 $ 108.7 $ 55.2 Adjusted EBITDA (1) $ 89.0 $ 77.5 $ 294.9 $ 262.1 Adjusted EBITDAR (1) $ 98.0 $ 86.4 $ 331.1 $ 291.1 Earnings Per Share (diluted) $ 0.25 $ 0.34 $ 0.51

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Excelerate Energy, Inc. reported the three months ended December 31, 2022 results: revenue $ 455.1, net income $ 33.9, EPS $ 0.25.

Period: the three months ended December 31, 2022
Revenue: $ 455.1
Net income: $ 33.9
EPS: $ 0.25
Result: reported results

Exact text from the filing

Fourth Quarter and Full Year 2022 Financial REsults For the three months ended For the full year ended December 31, September 30, December 31, December 31, (in millions) 2022 2022 2022 2021 Revenues $ 455.1 $ 803.3 $ 2,473.0 $ 888.6 Operating Income $ 58.4 $ 49.9 $ 186.7 $ 139.3 Net Income $ 33.9 $ 37.3 $ 80.0 $ 41.2 Adjusted Net Income (1) $ 34.1 $ 38.6 $ 108.7 $ 55.2 Adjusted EBITDA (1) $ 89.0 $ 77.5 $ 294.9 $ 262.1 Adjusted EBITDAR (1) $ 98.0 $ 86.4 $ 331.1 $ 291.1 Earnings Per Share (diluted) $ 0.25 $ 0.34 $ 0.51

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Excelerate Energy, Inc. updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

2023 GUIDANCE • Expect full year 2023 Adjusted EBITDA to range between $320 million and $340 million

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Excelerate Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-010060

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