US-based FSRU owner and operator, Excelerate Energy’s fourth quarter 2024 net income was $46.1 mill and $153 mill for the full year.
Adjusted EBITDA was $91.6 mill for 4Q24 and $348.2 mill for the 12-month period.
The company declared a quarterly cash dividend of $0.06 per share, payable on 27th March, 2025
Steven Kobos, President and CEO, said: As a US 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, optimising 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,” he said.
Excelerate also issued 2025 guidance of full year adjusted EBITDA in range of $340 mill to $360 mill.
Maintenance Capex is expected to range between $60 mill and $70 mill.
Committed Growth Capital, which is defined as capital allocated and committed to specific investments for previously approved capital projects, is expected to range between $65 mill and $75 mill.
As of 31st December, 2024, Excelerate had $537.5 mill in cash and cash equivalents and the company had issued $22.8 mill in letters of credit under its revolver.
All of the $327.2 mill of undrawn capacity under the revolver was available for additional borrowings as at the end of the year.
