Excelerate Energy reports Q4 EPS 40c, consensus 34c

Reports Q4 revenue $274.6M, consensus $201.62M. “Net Income and Adjusted EBITDA for the fourth quarter of 2024 were essentially flat to the third quarter of 2024 primarily due to higher operating costs related to scheduled maintenance offset by further optimization of LNG cargo sales,” the company stated. “2024 was an exceptional year for Excelerate. We delivered record full year financial results while maintaining our standard of operational excellence. Our continued success, driven largely by the performance of our core regasification business, has positioned us as the industry leader in FSRUs and downstream LNG infrastructure. As a U.S. LNG company with a global presence, we remain well positioned to connect growing global LNG supply to attractive demand centers around the world. In 2025, we will continue to focus on expanding our fleet, optimizing our LNG supply portfolio, and pursuing strategic investments in both FSRU-based import terminals and downstream LNG infrastructure. We are committed to executing our growth strategy, and we look forward to announcing key initiatives that will drive value creation for our shareholders in the near and mid-term,” said Steven Kobos, President and Chief Executive Officer of Excelerate.