NYSE$EE
Excelerate Energy Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Excelerate Energy reported strong results due to higher rates on charters and lower operating lease expense.
Excelerate Energy reported a Net Income of $46.5 million and Adjusted EBITDA of $106.9 million for the third quarter of 2023. The company raised its full year 2023 Adjusted EBITDA guidance to a range between $340 million and $350 million.
- Reported Net Income of $46.5 million for the third quarter
- Reported Adjusted EBITDA of $106.9 million for the third quarter
- Signed an agreement with Petrobras to charter the floating storage and regasification unit (FSRU) Sequoia for 10 years
- Signed a long-term contract to sell to Petrobangla 0.85 to 1.0 MTPA of LNG for 15 years beginning in 2026
Headline financials
Revenue & EPS history
Excelerate Energy · Revenue · Quarterly
$275M
Revenue by segment
Excelerate Energy · $275M total across 2 segments · Q3 2023
- LNG, gas and power$142M-79.3%51.7%
- Terminal services$133M+15.5%48.3%
Forward guidance
Excelerate is revising its full year 2023 guidance range. The Company now expects Adjusted EBITDA to range between $340 million and $350 million. Maintenance capex for 2023 is now expected to range between $20 million and $25 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 2023
+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
| Quarter | Report date | Reaction (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% | |
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