Excelerate Energy, Inc. Stock Price, News & Analysis

Excelerate Energy (NYSE: EE) has announced the addition of Ambassador Peter D. Haas as a Strategic Advisor to the Company. Haas, who recently retired from the U.S. Foreign Service after 33 years, will join Excelerate's Washington DC office in October. His extensive diplomatic experience includes serving as Ambassador to Bangladesh, acting Assistant Secretary of State for Economic and Business Affairs, and Consul General in Mumbai, India.

Steven Kobos, President and CEO of Excelerate, expressed confidence that Haas' leadership and understanding of geopolitics and markets will strengthen the company's global team and help deliver energy security for customers worldwide. Haas stated his excitement to join Excelerate in its mission to provide innovative LNG solutions that drive economic growth and improve lives globally.

Excelerate Energy (NYSE: EE) and PetroVietnam Technical Services (PTSC) have signed a strategic partnership agreement to jointly study FSRU-based technical solutions for LNG imports into Vietnam. The collaboration aims to address Vietnam's growing energy demands while supporting the country's transition to carbon neutrality.

Key points of the agreement include:

• Conducting joint feasibility studies to assess FSRU opportunities in Vietnam
• Optimizing existing natural gas infrastructure
• Augmenting domestic supply with regasified LNG
• Stimulating the development of a regional gas market

This partnership is part of Excelerate's broader strategy to invest in the rapidly growing Vietnamese LNG market, following a term sheet signed in June 2024 with ITECO Joint Stock Company to co-develop a greenfield LNG import terminal in Hai Phong, Vietnam.

Excelerate Energy (NYSE: EE) has partnered with Wärtsilä Gas Solutions to enhance its floating storage regasification unit (FSRU) operations. The agreement involves purchasing a reliquefaction system for retrofit installation on one of Excelerate's FSRUs. This system will be adaptable to any of Excelerate's existing vessels based on customer demand or future LNG projects.

The retrofit project aims to improve environmental performance by reliquefying boil-off gas and returning it to cargo tanks, thereby reducing emissions and preserving cargo. The system incorporates the latest technology to minimize maintenance and operational costs. Delivery of the Wärtsilä reliquefaction system is scheduled for early 2026.

Excelerate Energy (NYSE: EE) has released its 2023 Sustainability Report, titled 'Waves of Change: Embarking on a Sustainable Future'. The report showcases the company's global sustainability activities and environmental performance for 2023. Key highlights include:

• Enhanced transparency through incremental environmental disclosures
• Increased focus on social data disclosures for onshore and offshore workers
• Achievement of significant safety milestones, including 5 million staff hours without a lost time incident
• Implementation of a Supply Chain Code of Conduct

The report aligns with GRI Standards, SASB, and TCFD frameworks, demonstrating Excelerate's commitment to addressing global energy challenges while minimizing its environmental footprint and fostering community relationships.

Excelerate Energy (NYSE: EE) has announced its participation in the Barclays CEO Energy-Power Conference on September 3, 2024, in New York. The company's President and CEO, Steven Kobos, will engage in a Fireside Chat scheduled for 3:00 p.m. Eastern Time (2:00 p.m. Central Time) on Tuesday, September 3, 2024.

In addition to the Fireside Chat, Excelerate Energy will host meetings with investors during the conference. For those unable to attend in person, a live audio webcast of the presentation will be available. An archived recording will also be accessible on the Investors page of Excelerate Energy's website at www.excelerateenergy.com.

Excelerate Energy (NYSE: EE) reported strong Q2 2024 results, with Net Income of $33.3 million and Adjusted EBITDA of $89.0 million. The company signed a term sheet to co-develop an LNG import terminal in Vietnam and declared a quarterly dividend of $0.025 per share. Key financial highlights include:

- Revenues: $183.3 million
- Operating Income: $49.9 million
- Earnings Per Share (diluted): $0.26

Excelerate raised its full-year 2024 Adjusted EBITDA guidance to $320-$340 million. The company maintains a strong liquidity position with $609 million in cash and cash equivalents as of June 30, 2024.

Excelerate Energy (NYSE: EE) has announced a quarterly cash dividend of $0.025 per share for its Class A common stock. The dividend is for the quarter ended June 30, 2024, and will be payable on September 5, 2024. Shareholders of record as of the close of business on August 21, 2024, will be eligible for this dividend. Additionally, Excelerate Energy Partnership, the company's operating subsidiary, will distribute $0.025 per interest to holders of its Class B partnership interests on the same date.

The company's Board of Directors retains discretion over future dividend declarations, including their timing, amount, and payment.

Excelerate Energy (NYSE: EE) has announced the release date for its second quarter 2024 financial results. The company will publish these results on August 7, 2024, after the U.S. financial markets close. The earnings release and accompanying presentation will be accessible on the investor section of the company's website. Following this, on August 8, 2024, at 8:30 a.m. Eastern Time, Excelerate's management will host a conference call to discuss the results with analysts and investors. The call will be webcast live on the company's website, with a replay available afterwards.

Excelerate Energy (NYSE: EE) announced its participation in upcoming investor conferences. The company will attend the J.P. Morgan Energy, Power & Renewables Conference on June 17-18, 2024, in New York, where CEO Steven Kobos will engage in a Fireside Chat on June 17 at 2:20 p.m. ET. A live audio webcast and recording will be available on the company's website. Additionally, one-on-one investor meetings will be held. Excelerate Energy will also partake in the Northland Growth Conference 2024 on June 25, 2024, virtually, where Kobos and CFO Dana Armstrong will host one-on-one investor meetings.