Excelerate Energy Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

EE$37.54+0.8%Stored close · as of Nov 10, 2026

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Contents

Item 1. Consolidated Statements of Income

Consolidated Statements of Income(Unaudited)

	Three months ended March 31,
	2024	2023
(In thousands, except share and per share amounts)
Revenues
FSRU and terminal services	$156,994	$118,577
Gas sales	43,119	92,479
Total revenues	200,113	211,056
Operating expenses
Cost of revenue and vessel operating expenses (exclusive of items below)	70,613	58,792
Direct cost of gas sales	39,879	55,185
Depreciation and amortization	22,910	25,193
Selling, general and administrative expenses	21,552	22,317
Total operating expenses	154,954	161,487
Operating income	45,159	49,569
Other income (expense)
Interest expense	(12,146)	(11,955)
Interest expense – related party	(3,460)	(3,592)
Earnings from equity method investment	531	416
Other income, net	4,957	3,904
Income before income taxes	35,041	38,342
Provision for income taxes	(6,901)	(7,603)
Net income	28,140	30,739
Less net income attributable to non-controlling interest	21,816	23,895
Net income attributable to shareholders	$6,324	$6,844
Net income per common share – basic	$0.24	$0.26
Net income per common share – diluted	$0.24	$0.26
Weighted average shares outstanding – basic	26,161,691	26,254,167
Weighted average shares outstanding – diluted	26,182,050	26,269,862

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.