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.
New Fortress Energy (NFE) has announced the sale of its Jamaican assets and operations to Excelerate Energy for $1.055 billion. The transaction, expected to close in Q2 2025, includes NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon.
The proceeds will be used to reduce NFE's corporate debt and for general corporate purposes. Since entering Jamaica in 2016, NFE has contributed to the country's energy transition, generating significant fuel savings and reducing dependence on oil-based fuels. The deal represents a strategic move to optimize NFE's asset portfolio and enhance financial flexibility.
Excelerate Energy (NYSE: EE), a leading FSRU and LNG solutions provider, has signed a Memorandum of Understanding with PV Gas, a Petrovietnam subsidiary, to establish a strategic partnership for U.S. LNG supply to Vietnam. The collaboration aims to begin as early as 2026.
Under the agreement, both companies will evaluate PV Gas' LNG requirements and develop a joint strategic framework for LNG sourcing. The partnership focuses on securing reliable and stable LNG supply from the United States, contributing to Vietnam's growing energy needs while providing a downstream market for U.S. LNG.
Excelerate Energy (NYSE: EE) reported strong financial results for Q4 and full year 2024. The company achieved a net income of $46.1 million for Q4 and $153.0 million for the full year, alongside Adjusted EBITDA of $91.6 million for Q4 and $348.2 million for the full year.
The company declared a quarterly cash dividend of $0.06 per share, payable March 27, 2025. The strong performance was attributed to their core regasification business, with improvements driven by charter rate increases and full-year earnings from FSRU Excelsior.
For 2025, Excelerate projects Adjusted EBITDA between $340-360 million, with maintenance Capex of $60-70 million and committed growth capital of $65-75 million. The company maintains strong liquidity with $537.5 million in cash and $327.2 million available under its revolver as of December 31, 2024.
Excelerate Energy (NYSE: EE) has announced its Board of Directors has declared a quarterly cash dividend of $0.06 per share of Class A common stock for the quarter ended December 31, 2024. The dividend will be paid on March 27, 2025, to Class A common stockholders of record as of March 12, 2025.
Additionally, Excelerate Energy Partnership, the company's operating subsidiary, will distribute $0.06 per interest to Class B partnership interest holders on the same date. The company noted that future dividend declarations, timing, amounts, and payments remain at the Board's discretion.
Excelerate Energy (NYSE: EE) has announced its management team's participation in several upcoming investor conferences in March 2025. The schedule includes:
At the Raymond James Institutional Investor Conference in Orlando (March 3-4), EVP/CFO Dana Armstrong and EVP/CCO Oliver Simpson will host one-on-one investor meetings. CEO Steven Kobos will participate in the Deutsche Bank Virtual Shipping Conference on March 4.
On March 6, CEO Steven Kobos will attend both the Barclays Select Series: Industrial Energy & Infrastructure Corporate Access Day in New York and the Morgan Stanley Energy & Power Conference at Morgan Stanley Headquarters in New York.
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.