NYSE:EE

Excelerate Energy Announces Quarterly Cash Dividend

Retrieved on: 
Thursday, May 2, 2024
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Partnership, Holding company

Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend, with respect to the quarter ended March 31, 2024, of $0.025 per share of Class A common stock.

Key Points: 
  • Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend, with respect to the quarter ended March 31, 2024, of $0.025 per share of Class A common stock.
  • The dividend is payable on June 6, 2024, to Class A common stockholders of record as of the close of business on May 22, 2024.
  • Excelerate Energy Limited Partnership, the Company’s operating subsidiary, will make a corresponding distribution of $0.025 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment.
  • The declaration, timing, amount, and payment of future dividends remains at the discretion of the Company’s Board of Directors.

Excelerate Energy Announces First Quarter 2024 Earnings Conference Call Date

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Transport, Oil, Gas, Energy, Other Transport, Central Time

Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) will release its first quarter 2024 results on Wednesday, May 8, 2024, following the close of U.S. financial markets.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) will release its first quarter 2024 results on Wednesday, May 8, 2024, following the close of U.S. financial markets.
  • The earnings release and presentation for the first quarter 2024 results will be available on the investor page of the Company’s website at www.excelerateenergy.com .
  • On Thursday, May 9, 2024, the Company’s management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • An archived replay of the call and a copy of the presentation will be on the website following the call.

Excelerate Energy Reports Strong Full Year 2023 Results and Announces New $50 Million Share Repurchase Program

Retrieved on: 
Wednesday, February 28, 2024
Oil, Gas, Energy, Acquisition, Investment, Share repurchase, QatarEnergy, Term loan, Common stock, Adjustment, GAAP, Sequoia, SPA, Central Time, Natural gas

In January 2024, Excelerate signed a 15-year LNG Sales and Purchase Agreement (“SPA”) with QatarEnergy.

Key Points: 
  • In January 2024, Excelerate signed a 15-year LNG Sales and Purchase Agreement (“SPA”) with QatarEnergy.
  • Under the agreement, Excelerate will purchase 0.85 to 1.0 million tonnes per annum ("MTPA") of LNG from QatarEnergy on a delivered ex-ship basis beginning in January 2026.
  • As of December 31, 2023, Excelerate had $555.9 million in cash and cash equivalents, $49.4 million of letters of credit issued and no outstanding borrowings under its $350 million revolving credit facility.
  • The Excelerate Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $50 million of its outstanding Class A common stock through February 2026.

Excelerate Energy Announces Quarterly Cash Dividend

Retrieved on: 
Friday, February 23, 2024
Energy, Other Energy, Oil, Gas, Partnership, Holding company

Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend, with respect to the quarter ended December 31, 2023, of $0.025 per share of Class A common stock.

Key Points: 
  • Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend, with respect to the quarter ended December 31, 2023, of $0.025 per share of Class A common stock.
  • The dividend is payable on March 28, 2024, to Class A common stockholders of record as of the close of business on March 13, 2024.
  • Excelerate Energy Limited Partnership, the Company’s operating subsidiary, will make a corresponding distribution of $0.025 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment.
  • The declaration, timing, amount, and payment of future dividends remains at the discretion of the Company’s Board of Directors.

Excelerate Energy to Participate in Upcoming Investor Conferences

Retrieved on: 
Friday, February 16, 2024
Alternative Energy, Energy, Other Energy, Oil, Gas, Conference

Excelerate Energy, Inc. (NYSE: EE) today announced that it will participate at the upcoming investor conferences:

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) today announced that it will participate at the upcoming investor conferences:
    Participants: Steven Kobos, President and Chief Executive Officer, and Dana Armstrong, Chief Financial Officer
    Morgan Stanley Energy & Power Conference | Morgan Stanley Headquarters in New York, New York
    17th Annual DNB Energy & Shipping Conference 2024 | DNB’s Head Office in Oslo, Norway

Excelerate Energy Signs 15-Year LNG Supply Deal with QatarEnergy

Retrieved on: 
Monday, January 29, 2024
Oil, Gas, Energy, Multimedia, Excellency, Natural gas, QatarEnergy, SPA

Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) and QatarEnergy announced today the execution of a 15-year liquefied natural gas (“LNG”) Sales and Purchase agreement (“SPA”).

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (the Company or Excelerate) and QatarEnergy announced today the execution of a 15-year liquefied natural gas (“LNG”) Sales and Purchase agreement (“SPA”).
  • Under the SPA, Excelerate has agreed to purchase up to 1.0 million tonnes per annum (“MTPA”) of LNG from QatarEnergy on a delivered ex-ship basis in Bangladesh for 15 years, beginning January 2026.
  • Excelerate will purchase 0.85 MTPA of LNG in 2026 and 2027 and 1.0 MTPA from 2028 to 2040.
  • View the full release here: https://www.businesswire.com/news/home/20240129303107/en/
    “This inaugural long term supply agreement with the world’s largest LNG supplier marks a new milestone in our collaboration with QatarEnergy.

Excelerate Energy Announces Fourth Quarter and Full Year 2023 Earnings Conference Call Date

Retrieved on: 
Monday, January 22, 2024
Energy, Other Energy, Utilities, Oil, Gas, Central Time

Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) will release its fourth quarter and full year 2023 results on Wednesday, February 28, 2024, following the close of U.S. financial markets.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) will release its fourth quarter and full year 2023 results on Wednesday, February 28, 2024, following the close of U.S. financial markets.
  • The earnings release and presentation for the fourth quarter and full year 2023 results will be available on the investor page of the Company’s website at www.excelerateenergy.com .
  • On Thursday, February 29, 2024, the Company’s management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • An archived replay of the call and a copy of the presentation will be on the website following the call.

Excelerate Energy to Participate in 2023 Wells Fargo Midstream and Utilities Symposium

Retrieved on: 
Tuesday, November 21, 2023
Energy, Other Energy, Oil, Gas, Fireside chats, NYSE, Central Time, Fireside, Holding company, Drug

Excelerate Energy, Inc. (NYSE: EE) today announced that it will participate in a Fireside Chat and host meetings with investors at the Wells Fargo Midstream and Utilities Symposium on December 6 - 7, 2023 in New York.

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) today announced that it will participate in a Fireside Chat and host meetings with investors at the Wells Fargo Midstream and Utilities Symposium on December 6 - 7, 2023 in New York.
  • The Fireside Chat with Steven Kobos, President and Chief Executive Officer of Excelerate, is scheduled for Thursday, December 7, 2023, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).

Excelerate Energy Reports Strong Third Quarter 2023 Results; Raises Full Year Adjusted EBITDA Guidance

Retrieved on: 
Wednesday, November 8, 2023
Energy, Other Energy, Oil, Gas, Adjustment, MTPA, Sale, Administrative Council for Economic Defense, MT MOL FSRU Challenger, Petrobras, GAAP, Acquisition, Sequoia, Central Time, Excellence, Bank, Airline, Petrobangla, LNG

Net Income and Adjusted EBITDA increased sequentially from last quarter primarily due to higher margins earned on gas sales contracts in Brazil, lower vessel operating expenses, and inflation index adjustments on certain contracts.

Key Points: 
  • Net Income and Adjusted EBITDA increased sequentially from last quarter primarily due to higher margins earned on gas sales contracts in Brazil, lower vessel operating expenses, and inflation index adjustments on certain contracts.
  • In October 2023, Excelerate signed a 10-year Time Charter Party agreement with Petrobras for the FSRU Sequoia.
  • In November 2023, Excelerate signed a long-term LNG sale and purchase agreement with Petrobangla.
  • The Company now expects Adjusted EBITDA to range between $340 million and $350 million.

Excelerate Energy and Petrobangla Sign Long-Term LNG Sale and Purchase Agreement

Retrieved on: 
Wednesday, November 8, 2023
Energy, Other Energy, Oil, Gas, MTPA, Sale, NYSE, Special Protection Area, Natural gas, Bay, FSRU, SPA, Navitas Land and Mineral Corporation, LNG

Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today announced that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla).

Key Points: 
  • Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today announced that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla).
  • Under the SPA, Petrobangla has agreed to purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning January 2026.
  • Excelerate will deliver 0.85 MTPA of LNG in 2026 and 2027 and 1 MTPA from 2028 to 2040.
  • “Bangladesh is one of the most dynamic LNG markets in the world, and Excelerate has been a key player since the country began importing LNG.