Excelerate Energy Inc. · Q3 2024 earnings

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

Revenue & EPS history

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.