Excelerate Energy reports Q3 EPS 40c, consensus 30c

Reports Q3 revenue $275.5M, consensus $374.97M. “The robust earnings we delivered in Q3 are a testament to the quality of our contract portfolio and the growing demand for FSRUs around the world,” said CEO Steven Kobos. “Expanding our core regasification business remains an integral part of our growth strategy. With over $4B of predictable future contracted FSRU and Terminal Service cash flows, our financial position is stronger than ever. Continued geopolitical instability has underscored the importance of global energy security. The need for flexible LNG infrastructure and the essential services that Excelerate provides has never been greater. We take great pride in being a reliable provider of flexible LNG terminals and a preferred partner for countries seeking strategic energy solutions. Looking ahead, we will continue to deploy our assets to bolster energy security and advance the decarbonization initiatives for customers across our global footprint.”