Excelerate Energy Q1 net income $28.1M; signs 15-year LNG purchase with QatarEnergy, dividend $0.025/share

Excelerate Energy, Inc.

2024-Q1 EPS reported $0.24 revenue$200,113,000

Net income of $28.1M ($0.24 diluted EPS); Adjusted EBITDA $75.4M; revenue $200.1M, down from $211.1M YoY.
Signed 15-year contract to purchase 0.85-1.0 MTPA of LNG from QatarEnergy for Bangladesh, starting Jan 2026.
Commenced 10-year charter with Petrobras for FSRU Sequoia in January 2024.
Declared quarterly dividend of $0.025 per share, payable June 6, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Excelerate Energy, Inc. reported the quarter ended March 31, 2024 results: revenue $200.1, net income $28.1 million, EPS $0.24.

Period: the quarter ended March 31, 2024
Revenue: $200.1
Net income: $28.1 million
EPS: $0.24
Result: reported results

Exact text from the filing

growth.” FIRST Quarter 2024 Financial REsults For the three months ended March 31, December 31, March 31, (in millions, except per share amounts) 2024 2023 2023 Revenues $ 200.1 $ 240.1 $ 211.1 Operating Income $ 45.2 $ 39.9 $ 49.6 Net Income $ 28.1 $ 20.0 $ 30.7 Adjusted Net Income (1) $ 28.1 $ 20.0 $ 32.7 Adjusted EBITDA (1) $ 75.4 $ 71.4 $ 79.9

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Source: SEC EDGAR

accession 0000950170-24-055895

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