Excelerate Energy posts FY2023 Net Income $126.8M, Q4 $20.0M; authorizes $50M buyback

Excelerate Energy, Inc.

2023-FY EPS reported $1.11 revenue$1,158,963,000

Full year 2023 net income $126.8M, Q4 net income $20.0M; Adjusted EBITDA $346.8M and $71.4M respectively.
Declared $0.025 quarterly dividend payable March 28, 2024; $50M share buyback authorized through February 2026.
Long-term LNG supply contract with QatarEnergy for 0.85-1.0 MTPA delivered ex-ship to Bangladesh for 15 years starting January 2026.
FY2024 guidance: Adjusted EBITDA $315-335M; committed growth capex $70-80M; maintenance capex $50-60M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Excelerate Energy, Inc. reported the full year and fourth quarter ended December 31, 2023 results: net income $126.8 million for the full year 2023 and $20.0 million for the fourth quarter. Guidance initiated.

Period: the full year and fourth quarter ended December 31, 2023
Net income: $126.8 million for the full year 2023 and $20.0 million for the fourth quarter
Guidance: initiated
Result: reported results

Exact text from the filing

On February 28, 2024, Excelerate Energy, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-022222

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