The following is a summary of the Excelerate Energy, Inc. (EE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Excelerate Energy reported an adjusted EBITDA of $92 million in Q3 2024, marking a consistent financial performance.

• The company highlighted their strong cash flow generation and a robust free cash flow that supports their growth strategy.

• They announced a significant increase in quarterly dividend to $0.06 per share, reflecting confidence in their financial stability and future cash generation.

• Total debt was reported at $716 million, with $608 million in cash and cash equivalents, illustrating a strong balance sheet and sufficient liquidity for upcoming projects.

Business Progress:

• Excelerate Energy is expanding its fleet with the newbuild FSRU Hull 3407, expected to be delivered in June 2026, enhancing their capacity in high-demand markets.

• They have significant ongoing projects, including entering the Vietnamese market through a strategic partnership and developing an FSRU-based solution for Alaska's energy needs.

• The company secured a 15-year deal to sell LNG in Bangladesh, further optimizing their supply portfolio and ensuring steady revenue flow.

Opportunities:

• Excelerate Energy is capitalizing on expanding their operations globally, particularly through projects like the newbuild FSRU and strategic entries into markets like Vietnam and Bangladesh.

• There's a strong focus on enhancing infrastructure returns by leveraging a diversified LNG supply portfolio to support various LNG sales and purchase agreements.

Risks:

• The upcoming project timelines and the execution of new FSRU conversions and deployments pose potential risks related to project delays or market adaptation challenges.

• As they plan to purchase and convert an LNG carrier by 2025, the operational integration and the efficiency of the conversion process may impact their near-term operational capacity.

More details: Excelerate Energy IR

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