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, Inc. (NYSE: EE) announced a quarterly cash dividend of $0.025 per share for Class A common stock, payable on December 14, 2022. The record date for this dividend is November 22, 2022. A corresponding distribution of $0.025 will be made to holders of Class B limited partnership interests. The Board of Directors retains discretion over future dividend declarations.
Excelerate is a U.S.-based LNG company focused on providing integrated services along the LNG value chain to deliver reliable solutions.
Excelerate Energy (NYSE: EE) announced the resignation of Calvin Bancroft as Executive Vice President and COO, effective December 31, 2022. He will transition to a Senior Advisor role until September 30, 2023. David Liner, currently VP of Operations, will succeed Bancroft as COO starting January 1, 2023. Bancroft has over 40 years in the shipping industry and has significantly contributed to Excelerate's growth in LNG solutions. Liner brings 25 years of experience from various maritime roles, positioning the company for continued success.
Excelerate Energy, Inc. (NYSE: EE) has signed a five-year contract with the German government to charter the floating storage and regasification unit (FSRU) Excelsior. This contract aims to enhance energy security and supply diversification in Germany, aiding its transition to renewable energy. The Excelsior has an LNG storage capacity of 138,000 m³ and will be deployed at the Port of Wilhelmshaven in Q1 2023 after scheduled maintenance. This partnership aligns with the U.S.-EU Task Force on Energy Security.
Excelerate Energy, Inc. (NYSE: EE) will announce its third quarter 2022 results on November 9, 2022, after U.S. market close. Details of the earnings and presentation will be available on their investor page. Following this, a conference call for analysts and investors is scheduled for November 10, 2022, at 8:30 a.m. ET. The call will be webcast live, and an archived replay will be accessible on their website. Excelerate Energy operates in the LNG sector, offering integrated services to enhance access to cleaner energy.
Excelerate Energy (NYSE: EE) has signed a binding Shipbuilding Contract with Hyundai Heavy Industries for a new floating regasification and storage unit (FSRU) to be delivered in June 2026. The FSRU will feature a storage capacity of 170,000 m3 and a maximum regasification capacity of 1 billion standard cubic feet per day. This addition will strengthen Excelerate's fleet to 11 FSRUs, positioning the company as a premier provider of flexible LNG services aimed at enhancing energy security amidst global energy crises.
Excelerate Energy announced on August 25, 2022, a term sheet with ENGIE to deploy a floating storage and regasification unit (FSRU) for LNG regasification in Germany. This agreement marks a significant step in Excelerate's expansion within the European market, enhancing energy security amid decreasing reliance on Russian gas. The FSRU will support Germany’s fifth LNG import terminal at Wilhelmshaven for five years. Excelerate aims to leverage its integrated FSRU fleet to provide rapid and flexible LNG solutions globally.
Excelerate Energy, Inc. (NYSE: EE) welcomed U.S. Ambassadors Marc Stanley and Donald Blome to its floating storage and regasification units (FSRUs) in Argentina and Pakistan, highlighting U.S. support for global energy security and LNG diversification. The visits occurred on August 5 and 12, 2022, showcasing Excelerate's significant role in LNG import infrastructures, completing 838 ship-to-ship transfers in Argentina and 456 in Pakistan since their respective terminal commissions. CEO Steven Kobos emphasized the importance of reliable energy infrastructure in U.S. international energy policy.
Excelerate Energy, Inc. (NYSE: EE) announced that CEO Steven Kobos will participate in a fireside chat at the Barclays CEO Energy-Power Conference on September 7, 2022, at 3:35 PM Eastern Time. A live audio webcast of the event will be accessible via the Company's Investors page, with an archived recording available post-event. Excelerate Energy, founded in 2003 and based in The Woodlands, Texas, specializes in integrated LNG services.
Excelerate Energy (NYSE: EE) will present at the Gastech Conference and Exhibition from September 5-8 in Milan, Italy. The company will showcase its flexible LNG infrastructure solutions and discuss recent project developments. Executive Vice President Daniel Bustos will participate in a panel on the role of natural gas in clean energy on September 7 at 10:45 CET. Additionally, Excelerate will host a Leadership Roundtable on September 6, focusing on gas infrastructure and production needs in light of reduced Russian gas supplies to Europe.
Excelerate Energy (NYSE: EE) reported a net loss of $4.0 million for Q2 2022, reflecting a one-time charge of $21.8 million due to IPO-related FSRU acquisition. Adjusted net income was $20.4 million, with revenues reaching $622.9 million. The company commenced regasification services at Bahia Blanca GasPort and expanded its Vlora Terminal project through an MOU with Bulgaria’s Overgas. They also advanced negotiations for LNG projects in Bangladesh. An inaugural dividend of $0.025 per share was declared, with adjusted EBITDA expected between $249 million and $269 million for 2022.
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