NYSE$EE

Excelerate Energy Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022.

Excelerate Energy reported a net loss of $4.0 million, which included a one-time charge of $21.8 million related to the IPO-related FSRU acquisition. Adjusted net income, excluding this charge and IPO-related expenses, was $20.4 million. The company's adjusted EBITDAR for the quarter was $75.2 million.

  • Reported Net Loss of $4.0 million, reflecting an expected $21.8 million one-time charge for IPO-related FSRU acquisition
  • Adjusted Net Income, excluding the expected one-time charge and IPO-related restructuring expenses, was $20.4 million for the second quarter
  • Reported Adjusted EBITDAR of $75.2 million for the second quarter
  • Expanded downstream reach of planned Vlora Terminal project through gas sales MOU with Bulgaria’s Overgas

Headline financials

Total Revenue

$623M

Previous: $193M+223.1%
EPS (adj)

$0.78

Previous: $0.23+246.5%
Capital Expenditures

-$42M

No prior period
Free Cash Flow

-$46.9M

No prior period
Net Income

-$4.82M

Previous: $5.02M-196.1%
Operating Income

$39.3M

Previous: $27.8M+41.1%
Gross Profit

$623M

Previous: $66.3M+839.6%
Cash & Equivalents

$386M

No prior period
Total Assets

$2.71B

No prior period

Revenue & EPS history

Excelerate Energy · Revenue · Quarterly

$623M

Q2 2022+223.1%vs Q2 2021
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Excelerate Energy · $623M total across 2 segments · Q2 2022

  • LNG, gas and power
    $513M
  • Terminal services
    $110M

Forward guidance

The Company is reaffirming its prior guidance and expects Adjusted EBITDA to range between $249 million and $269 million for the full year 2022. In addition, the Company expects Adjusted EBITDAR to range between $285 million and $305 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+3.6%

Avg return

Earnings day

+6.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

69%

11 / 16 earnings

Positive

+11.9%

Q4 2022

Best reaction

-8.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.5%+6.3%-6.5%
Q4 2025-8.1%-5.9%-22.0%
Q3 2025+7.1%+3.2%+9.0%
Q1 2025+10.3%+19.5%+26.8%
Q4 2024+4.9%+7.6%-0.1%
Q3 2024-1.0%+13.1%+26.9%
Q2 2024+3.3%+5.1%-2.6%
Q1 2024+8.1%+4.4%-4.3%
Q4 2023+10.7%+5.7%+13.0%
Q3 2023+7.1%+18.6%+9.0%
Q2 2023-4.6%-9.6%-17.0%
Q1 2023-3.5%-2.7%-7.9%
Q4 2022+11.9%+16.5%+6.9%
Q3 2022+1.2%-1.6%+2.5%
Q2 2022+3.2%+8.9%+15.0%
Q1 2022+11.1%+9.6%-12.7%
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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