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. (symbol: EE) is a pioneering force in the domain of floating liquefied natural gas (LNG) solutions. Headquartered in The Woodlands, Texas, Excelerate Energy has firmly established itself as a market leader, offering a diverse range of integrated services that span the entire LNG value chain.
With a mission to deliver rapid-to-market and reliable LNG solutions, the company’s offerings include everything from Floating Storage Regasification Units (FSRUs) to comprehensive infrastructure development and LNG supply. These services ensure that clients receive flexible and adaptive solutions tailored to their specific needs.
Excelerate Energy’s global presence underscores its commitment to operational excellence and market reach. The company maintains significant offices in strategic locations including Abu Dhabi, Buenos Aires, Dubai, Rio de Janeiro, and Singapore, positioning it to effectively serve a diverse and global customer base.
Recent achievements highlight Excelerate Energy’s innovative approach and robust financial health. The company has been involved in key projects that enhance the efficiency and capacity of LNG storage and regasification. Partnerships with leading industry players further cement its reputation as a trusted provider in the LNG sector.
Consistent with its growth strategy, Excelerate Energy continues to explore and develop new opportunities in the market. Their projects are designed to meet the increasing global demand for clean energy, and they are committed to delivering solutions that are both economically and environmentally sustainable.
In summary, Excelerate Energy, Inc. stands out as a vital player in the LNG industry, providing innovative, flexible, and integrated solutions with a strong commitment to meeting and exceeding customer expectations.
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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