Excelerate Energy, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

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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, 2025 · Filed May 8, 2025

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

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Consolidated Statements of Income

Consolidated Statements of Income(Unaudited)

	Three months ended March 31,
	2025	2024
(In thousands, except share and per share amounts)
Revenues
FSRU and terminal services	$148,365	$156,994
Gas sales	166,725	43,119
Total revenues	315,090	200,113
Operating expenses
Cost of revenue and vessel operating expenses (exclusive of items below)	41,938	70,613
Direct cost of gas sales	160,759	39,879
Depreciation and amortization	21,643	22,910
Selling, general and administrative expenses	21,352	21,552
Transition and transaction expenses	3,682	—
Total operating expenses	249,374	154,954
Operating income	65,716	45,159
Other income (expense)
Interest expense	(11,058)	(12,146)
Interest expense – related party	(3,258)	(3,460)
Earnings from equity method investment	596	531
Other income, net	6,154	4,957
Income before income taxes	58,150	35,041
Provision for income taxes	(6,027)	(6,901)
Net income	52,123	28,140
Less net income attributable to non-controlling interests	40,736	21,816
Net income attributable to shareholders	$11,387	$6,324
Net income per common share – basic	$0.48	$0.24
Net income per common share – diluted	$0.46	$0.24
Weighted average shares outstanding – basic	23,900,116	26,161,691
Weighted average shares outstanding – diluted	106,751,592	26,182,050

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