Excelerate Energy Q3 revenue $297.2 million vs. $372.1 million estimate
EE•Excelerate Energy reported third-quarter revenue of $297.2 million, below the $372.1 million estimate. Adjusted EBITDA was $133.5 million versus a $129 million estimate, while full-year adjusted EBITDA guidance was $495 million to $515 million.
1. Quarterly results
Excelerate Energy reported third-quarter pretax profit of $69.782 million, net income of $60 million and operating income of $94.6 million. Adjusted net income was $60 million, compared with an estimate of $15.4 million.
2. Full-year outlook
The company forecast full-year adjusted EBITDA of $495 million to $515 million, versus an estimate of $497.6 million.
