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 13 quarters(69%)
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
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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