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. (NYSE: EE) is a U.S.-based LNG company located in The Woodlands, Texas, active in the natural gas distribution segment of the utilities sector. This news page aggregates company announcements and third-party coverage related to Excelerate’s LNG-to-power activities, floating LNG terminals, and global infrastructure projects.
According to its public statements, Excelerate provides integrated services along the LNG-to-power value chain, including floating LNG import terminals, flexible regasification services, infrastructure development, LNG supply, and power generation. News about the company often focuses on earnings results, updated financial guidance, capital allocation decisions such as dividends and share repurchase authorizations, and major commercial agreements.
Recent disclosures highlight topics such as quarterly financial results, non-GAAP performance metrics like Adjusted EBITDA and Adjusted Net Income, and the impact of acquisitions, including the integrated LNG and power platform in Jamaica. Coverage also includes updates on large-scale projects, for example the definitive commercial agreement to develop Iraq’s first LNG import terminal at the Port of Khor Al Zubair, where Excelerate will construct a floating LNG terminal, deploy an FSRU, and supply LNG under a multi-year arrangement.
Excelerate-related news may also feature community and humanitarian initiatives. Following Hurricane Melissa, the company reported mobilizing significant humanitarian aid to Jamaica using its LNG carrier Excelerate Shenandoah, in coordination with local and international partners, while restoring operations at its integrated LNG and power assets on the island.
Investors and observers can use this page to follow developments in Excelerate’s global LNG infrastructure platform, including announcements on dividends, guidance updates, project milestones, and SEC-reported material events that shape the company’s risk profile and strategic direction.
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.
Excelerate Energy, Inc. reported strong first quarter 2024 results with a net income of $28.1 million and adjusted EBITDA of $75.4 million. The company commenced a 10-year charter with Petrobras and signed a long-term contract with QatarEnergy for LNG purchase. Excelerate also declared a quarterly dividend of $0.025 per share. The CEO highlighted the company's core regasification business's earnings power, leading to financial strength and flexibility for pursuing global opportunities.
Excelerate Energy, Inc. (NYSE: EE) announced a quarterly cash dividend of $0.025 per share for Class A common stock for the quarter ended March 31, 2024. The dividend will be paid on June 6, 2024, to stockholders of record as of May 22, 2024. The Company's subsidiary will distribute a corresponding amount to holders of Class B partnership interests.
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