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 14 quarters(64%)
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
Q2 2025———
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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