NYSE$EE

Excelerate Energy Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full-year ended December 31, 2022.

Excelerate Energy reported a net income of $33.9 million and an adjusted net income of $34.1 million for the fourth quarter of 2022. The company's adjusted EBITDAR for the quarter was $98.0 million. They also executed a 20-year Sales and Purchase Agreement for 0.7 MTPA of LNG with Venture Global in February 2023.

  • Reported Net Income of $33.9 million for the fourth quarter.
  • Reported Adjusted Net Income of $34.1 million for the fourth quarter.
  • Reported Adjusted EBITDAR of $98.0 million for the fourth quarter.
  • Deployed the FSRU Exemplar to Finland in December; sold partial commissioning LNG cargo into Finland.

Headline financials

Total Revenue

$455M

Previous: $339M+34.3%
EPS (adj)

$1.30

Previous: -$0.21+726.9%
Net Income

$33.9M

Previous: -$5.06M+770.0%
Operating Income

$58.4M

Previous: $23M+153.7%
Gross Profit

$105M

Previous: $67.9M+54.3%
Cash & Equivalents

$517M

No prior period
Total Assets

$2.87B

No prior period

Revenue & EPS history

Excelerate Energy · Revenue · Quarterly

$455M

Q4 2022+34.3%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
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

The Company expects Adjusted EBITDA to range between $320 million and $340 million for the full year 2023.

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 Q4 2022

Historical avgQ4 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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