$Excelerate Energy (EE.US)$Listed in 2022, mainly engaged in...

In the year of listing, revenue, operating profit, and net income all increased significantly, with net income reaching 0.08 billion. However, after deducting net income attributable to minority shareholders and preferred stock dividends, only 0.013 billion remained.

In 2022, interest expense (including preferred stock dividends) accounted for 37% of operating profit, indicating a heavy interest burden. Return on equity is only 1.7%.

In the first three quarters of 2023, revenue declined significantly by 54.5%, and operating profit increased by 26.5% due to a significant increase in gross margin. Net income increased by 1.3 times to reach 0.107 billion, but after deducting net income attributable to minority shareholders and preferred stock dividends, only 0.027 billion remained.

The current PE ratio is 30, the TTM PE ratio is 3.7, considering the current position in the cycle, the valuation is not very attractive.