NYSE$EE

Excelerate Energy Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by the strength of its flexible business model amidst energy market disruption.

Excelerate Energy reported a net income of $37.3 million and an adjusted EBITDAR of $86.4 million for the third quarter of 2022. The company is successfully executing its strategy to deploy flexible LNG infrastructure and expand its reach in new and existing markets.

  • Reported Net Income of $37.3 million for the third quarter
  • Reported Adjusted Net income of $38.6 million for the third quarter
  • Reported Adjusted EBITDAR of $86.4 million for the third quarter
  • Finland charter hire commenced October 1st; winterization upgrades for the FSRU Exemplar are ongoing

Headline financials

Total Revenue

$803M

Previous: $192M+318.1%
EPS (adj)

$0.39

Previous: $0.09+357.9%
Adjusted EBITDA

$77.5M

No prior period
Capital Expenditures

-$63.9M

No prior period
Free Cash Flow

-$60.3M

No prior period
Net Income

$3.58M

Previous: $1.9M+88.5%
Operating Income

$49.9M

Previous: $25.7M+94.4%
Gross Profit

$803M

Previous: $68.8M+1067.2%
Cash & Equivalents

$346M

No prior period
Total Assets

$2.98B

No prior period

Revenue & EPS history

Excelerate Energy · Revenue · Quarterly

$803M

Q3 2022+318.1%vs Q3 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Excelerate Energy · $803M total across 2 segments · Q3 2022

  • LNG, gas and power
    $688M—
  • Terminal services
    $115M—

Forward guidance

Excelerate is increasing its full year 2022 guidance range. Adjusted EBITDA is now expected to range between $264 million and $274 million. In addition, the Company now expects full year 2022 Adjusted EBITDAR to range between $300 million and $310 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 Q3 2022

Historical avgQ3 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
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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