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.
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Excelerate Energy has completed the acquisition of the Sequoia floating storage regasification unit (FSRU) for $265 million from Anemoesa Marine Inc. This strategic purchase was funded through a $250 million term loan from a senior secured credit facility and company cash. The FSRU, delivered in June 2020, has a capacity of 173,400 cubic meters and currently operates at the Bahia Regasification Terminal in Brazil. CEO Steven Kobos emphasized that acquiring the Sequoia at below market value secures its long-term role in Excelerate's fleet, enhancing the company's ability to provide cleaner, reliable energy solutions.
Excelerate Energy, Inc. (NYSE: EE) will release its first quarter 2023 results on May 10, 2023, after U.S. financial markets close. The earnings release and presentation will be available on the Company’s investor page. Following this, a conference call is scheduled for May 11, 2023, at 8:30 a.m. Eastern Time, to discuss the results, with a live webcast accessible online. Excelerate Energy is a U.S.-based LNG company headquartered in The Woodlands, Texas, focusing on providing integrated LNG services and infrastructure development. The Company aims to offer efficient, reliable LNG solutions globally.
Excelerate Energy reported fourth-quarter net income of $33.9 million and full-year net income of $80.0 million for 2022. Adjusted net income was $34.1 million for Q4 and $108.7 million for the year. The company executed a 20-year Sales and Purchase Agreement with Venture Global for 0.7 MTPA of LNG in February 2023 and closed a $600 million credit facility. Notable developments include deploying FSRU Exemplar to Finland and extending the charter for FSRU Explorer by five years. The Board declared a quarterly dividend of $0.025 per share, payable April 27, 2023. Guidance for 2023 Adjusted EBITDA is $320 million to $340 million.