NYSE$EE

Excelerate Energy Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong financial results, increased cash dividend, and raised full-year Adjusted EBITDA guidance.

Excelerate Energy reported a solid third quarter in 2024, marked by a net income of $45.5 million and an adjusted EBITDA of $92.3 million. The company raised and narrowed its full-year Adjusted EBITDA guidance to a range of $335 million to $345 million. Additionally, the company increased its quarterly cash dividend by 140% from the prior quarter.

  • Reported net income of $45.5 million for Q3 2024.
  • Reported Adjusted EBITDA of $92.3 million for Q3 2024.
  • Raised and narrowed full-year 2024 Adjusted EBITDA guidance to between $335 million and $345 million.
  • Declared a quarterly cash dividend of $0.06 per share, representing a 140% increase from the prior quarter.

Headline financials

Total Revenue

$193M

Previous: $275M-29.8%
EPS

$0.35

Previous: $0.43-18.6%
Adjusted EBITDA

$92.3M

Previous: $107M-13.7%
Capital Expenditures

-$49.7M

Previous: -$304M+83.7%
Free Cash Flow

-$40.8M

Previous: -$291M+86.0%
Net Income

$8.96M

Previous: $13.9M-35.5%
Operating Income

$59.7M

Previous: $67.5M-11.5%
Gross Profit

$193M

Previous: $275M-29.8%
Cash & Equivalents

$608M

Previous: $603M+0.9%
Total Assets

$2.86B

Previous: $2.9B-1.4%

Revenue & EPS history

Excelerate Energy · Revenue · Quarterly

$193M

Q3 2024-29.8%vs Q3 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 and narrowing its full year guidance for Adjusted EBITDA. The Company now expects Adjusted EBITDA to range between $335 million and $345 million for the full year 2024. Committed Growth Capital is expected to range between $70 million and $80 million. Maintenance Capex for 2024 is expected to range between $40 million and $50 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 2024

Historical avgQ3 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
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Q2 2021
Q1 2021
Q1 2020
Q4 2019
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Q1 2019
Q4 2018
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Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
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Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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