NYSE$EE

Excelerate Energy Inc. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Excelerate Energy's financial performance for Q2 2024 was reported, featuring a net income of $33.3 million and raised full-year guidance.

Excelerate Energy reported strong financial and operational results for the second quarter of 2024, marked by a net income of $33.3 million and an adjusted EBITDA of $89.0 million. The company is also raising its full year guidance for Adjusted EBITDA to a range between $320 million and $340 million.

  • Reported Net Income of $33.3 million for the second quarter.
  • Reported Adjusted EBITDA of $89.0 million for the second quarter.
  • Signed a term sheet with ITECO Joint Stock Company to co-develop a greenfield LNG import terminal in northern Vietnam.
  • Declared a quarterly dividend of $0.025 per share, payable on September 5, 2024.

Headline financials

Total Revenue

$183M

Previous: $432M-57.6%
EPS

$0.26

Previous: $0.23+13.0%
Adjusted EBITDA

$89M

Previous: $88.6M+0.4%
Adjusted Gross Margin

$106M

No prior period
Capital Expenditures

-$38.3M

Previous: -$293M+86.9%
Free Cash Flow

-$31.6M

Previous: -$280M+88.7%
Net Income

$6.67M

Previous: $12.8M-48.1%
Operating Income

$49.9M

Previous: $53.7M-7.1%
Gross Profit

$183M

Previous: $432M-57.6%
Cash & Equivalents

$609M

Previous: $462M+31.8%
Total Assets

$2.87B

Previous: $2.9B-1.1%

Revenue & EPS history

Excelerate Energy · Revenue · Quarterly

$183M

Q2 2024-57.6%vs Q2 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Excelerate Energy · $275M total across 2 segments · Q3 2023

  • LNG, gas and power
    $142M-79.3%
  • Terminal services
    $133M+15.5%

Forward guidance

Excelerate is raising its full year guidance for Adjusted EBITDA. The Company now expects Adjusted EBITDA to range between $320 million and $340 million for the full year 2024.

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 2024

Historical avgQ2 2024

+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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