Welcome to our dedicated page for Excelerate Energy news (Ticker: EE), a resource for investors and traders seeking the latest updates and insights on Excelerate Energy stock.
Excelerate Energy, Inc. operates as a U.S.-based LNG and power infrastructure company serving the LNG-to-power value chain. Its updates center on floating storage and regasification units, downstream infrastructure development, LNG supply, power generation, and customer deployments across global markets.
Recurring company news includes quarterly and annual results, contracted asset portfolio performance, Class A common stock dividends and corresponding operating partnership distributions, FSRU vessel activity such as Excelerate Acadia, and integration of Jamaican operations acquired in 2025.
Excelerate Energy (NYSE: EE) has announced its upcoming fourth quarter and full year 2024 earnings release, scheduled for Wednesday, February 26, 2025, after U.S. financial markets close. The company will host a conference call for analysts and investors the following day, Thursday, February 27, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
Both the earnings release and presentation materials will be accessible on the investor page of Excelerate's website. The conference call will be webcast live, with an archived replay and presentation copy available on the website after the event.
Excelerate Energy (NYSE: EE) has announced the appointment of Nisha D. Biswal to its Board of Directors, effective January 21, 2025. Biswal, who will serve on the Audit and Nominating and Corporate Governance Committees, brings over 30 years of experience in U.S. foreign policy and international economic development.
Most recently, Biswal served as Deputy CEO of the U.S. International Development Financial , overseeing a $60 billion government Her experience includes roles as U.S. Assistant Secretary of State for South and Central Asian Affairs and leadership positions at the U.S. Chamber of Commerce.
The appointment coincides with the resignation of Carolyn J. Burke from the board after nearly three years of service, also effective January 21, 2025. Paul Hanrahan will assume chairmanship of the Compensation Committee.
Excelerate Energy (NYSE: EE) has achieved a significant milestone by completing its 3,000th LNG ship-to-ship (STS) transfer operation on December 28, 2024. The operation was performed at the Moheshkhali Floating LNG terminal in Bangladesh, involving Excelerate's floating storage and regasification unit (FSRU) Excellence and Maran Gas Maritime Inc.'s LNG carrier, the Maran Gas Asclepius.
The company pioneered commercial LNG ship-to-ship transfers in 2007. The Moheshkhali Floating LNG terminal, operational since 2018, plays a important role in Bangladesh's energy security with a capacity of up to 600 million standard cubic feet of gas per day, supporting industrial development and job creation in the region.
Excelerate Energy (NYSE: EE) has announced its participation in the upcoming UBS Global Energy & Utilities Winter Conference. The event will take place at The St. Regis Hotel in Deer Valley, Utah, from January 14-15, 2025. Steven Kobos, President and Chief Executive Officer, will be conducting one-on-one meetings with investors during the conference.
Excelerate Energy (NYSE: EE) has announced its participation in the upcoming Capital One Securities Energy Conference at Hotel Zaza Museum District in Houston, Texas. The company's management team, including President and CEO Steven Kobos and Executive VP and COO David Liner, will conduct one-on-one investor meetings at the conference on December 10, 2024.
Excelerate Energy (NYSE: EE) has announced its participation in the upcoming 2024 Stephens Annual Investment Conference in Nashville, Tennessee. The event will be held at the Grand Hyatt on November 19, 2024. Dana Armstrong, Executive Vice President and Chief Financial Officer, and Oliver Simpson, Executive Vice President and Chief Commercial Officer, will represent the company by conducting one-on-one meetings with investors.
Excelerate Energy (NYSE: EE) reported strong Q3 2024 results with net income of $45.5 million and Adjusted EBITDA of $92.3 million. The company raised and narrowed its full-year 2024 Adjusted EBITDA guidance to between $335-345 million. The board approved a quarterly cash dividend of $0.06 per share, representing a 140% increase from the prior quarter. During Q3, Excelerate signed medium-term agreements for 0.65 million tonnes of LNG purchases and sales in the Atlantic Basin region, and formed a strategic partnership with PTSC for LNG imports into Vietnam.
Excelerate Energy (NYSE: EE) has announced a significant increase in its quarterly cash dividend, raising it to $0.06 per share of Class A common stock, representing a 140% increase from the previous quarter. The dividend will be paid on December 5, 2024, to stockholders of record as of November 20, 2024. The company's operating subsidiary, Excelerate Energy Partnership, will make a corresponding distribution to Class B partnership interest holders. The increase reflects the company's strong balance sheet, stable regasification business, and commitment to shareholder returns while pursuing strategic growth initiatives.
Excelerate Energy (NYSE: EE) announced changes to its Board of Directors. Tyler D. Todd has been elected to join the Board effective October 10, 2024, serving on the Compensation and Nominating and Corporate Governance Committees. Todd is currently Senior Vice President of Business Development at Kaiser-Francis Oil Company, owned by Excelerate's controlling stockholder. Henry G. Kleemeier has retired from the Board effective October 9, 2024.
Todd brings operational, technical, and strategic planning experience to the Board. He previously worked at WPX Energy and currently serves as a director of Endeavor Natural Gas III and on the industry advisory board for the Mewbourne School of Petroleum & Geological Engineering at the University of Oklahoma. Steven Kobos, President and CEO of Excelerate, expressed enthusiasm for Todd's addition and gratitude for Kleemeier's contributions to the company.
Excelerate Energy (NYSE: EE) has announced the date for its third quarter 2024 earnings conference call. The company will release its Q3 2024 results on Wednesday, November 6, 2024, after U.S. financial markets close. The earnings release and presentation will be available on the investor page of Excelerate's website.
The management team will host a conference call for analysts and investors on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live on the company's website. An archived replay of the call and a copy of the presentation will be made available on the website following the call.