EE Earnings Prediction
The chart below shows how EE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EE sees a -0.99% change in stock price 10 days leading up to the earnings, and a +7.44% change 10 days following the report. On the earnings day itself, the stock moves by -0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
EE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
193.42M
-29.79%
5.50%
Gross Margin
43.20%
36.75%
5.34%
Operating Margin
30.89%
26.08%
13.52%
Net Margin
23.55%
39.51%
29.75%
EPS
0.35
-12.50%
34.62%
No Data Available
EE Earnings Analysis
Excelerate Energy, Inc. Corporation (EE.N) Earnings Conference Call
Positive
Adjusted EBITDA Increase: 1. Strong Adjusted EBITDA: Excelerate Energy reported an adjusted EBITDA of $92 million for Q3 2024, reflecting a $3 million increase or approximately 4% from the previous quarter, driven by lower operating costs and higher gas sales margins.
Future Revenue Security: 2. Robust Future Revenue: The company has a contract portfolio that secures about $4 billion in future revenue with a weighted remaining term of seven years, providing a solid foundation for ongoing financial performance.
Dividend Increase Announcement: 3. Increased Dividend: Excelerate Energy announced a more than doubled quarterly dividend to $0.06 per share, representing a 2.4x increase from the previous level, reflecting confidence in cash generation and financial stability.
Share Repurchase Initiative: 4. Share Repurchase Program: The company executed a share repurchase program, purchasing approximately 364,000 shares for over $7 million at a weighted average price of $20.61 per share, demonstrating commitment to returning capital to shareholders.
Increased EBITDA Forecast: 5. Raising EBITDA Guidance: Excelerate raised its adjusted EBITDA guidance for 2024 to a range of $335 million to $345 million, primarily due to higher margins and lower operating costs across several regas projects.
Negative
Debt Concerns and Liquidity: 1. High Debt Levels: Total debt, including finance leases, reached $716 million, raising concerns about financial leverage and potential liquidity issues.
Rising Maintenance Capital Expenditures: 2. Increased Maintenance CapEx: Maintenance CapEx is expected to rise significantly in 2025 due to two dry docks, which could impact cash flow and operational capacity during that period.
Dry Dock Off-Hire Impact: 3. Off-Hire Impact from Dry Docks: The upcoming dry docks for two FSRUs will result in an off-hire impact of 40 to 50 days per vessel, potentially disrupting revenue generation during that time.
Near-Term Growth Challenges: 4. Limited Near-Term Growth Drivers: While there are discussions about future growth opportunities, the company has not identified specific near-term projects that will drive significant revenue before 2026.
Future Contract Uncertainty: 5. Dependence on Future Contracts: The new build FSRU, expected to be delivered in June 2026, is contracted without a long-term agreement, creating uncertainty regarding its immediate revenue generation capabilities.
EE FAQs
How does EE typically perform around its earnings report dates?
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EE Earning Call Sentiment
Excelerate Energy, Inc. (EE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EE.N
-3.74%Positive
The earnings call summary shows strong financial performance with increased EBITDA and a significant dividend hike, indicating financial health. The Q&A section reveals management's strategic flexibility and focus on optimizing operations, which is positive. However, there are concerns about supply chain challenges and competition. The raised guidance and share repurchase program are positive indicators, although the absence of a clear timeline for some projects might cause slight investor caution. Overall, the sentiment is positive, likely leading to a stock price increase in the short term.
