EE Stock Recent News

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (“Excelerate” or the “Company”) today announced that it has entered into a definitive agreement with New Fortress Energy Inc. (“NFE”) (NASDAQ: NFE) under which Excelerate will acquire NFE's business in Jamaica for $1.055 billion in cash. Under the terms of the agreement, Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and powe.

Liquefied natural gas infrastructure provider Excelerate Energy is nearing a deal to acquire the Jamaica business of smaller rival New Fortress Energy for about $1.1 billion, according to people familiar with the matter.

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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”), a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), have signed a Memorandum of Understanding to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026. Through th.

Excelerate Energy, Inc. (NYSE:EE ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Craig Hicks - Vice President of Investor Relations & ESG Steven Kobos - President and Chief Executive Officer Dana Armstrong - Executive Vice President and Chief Financial Officer Oliver Simpson - Executive Vice President and Chief Commercial Officer David Liner - Executive Vice President and Chief Operating Officer Conference Call Participants Noah Katz - JPMorgan Chris Robertson - Deutsche Bank Zack Van Everen - Tudor, Pickering, Holt & Co. Michael Scialla - Stephens Theresa Chen - Barclays Bobby Brooks - Northland Capital Markets Craig Shere - Touhy Brothers Investment Research Operator Hello, and welcome to the Excelerate Energy Fourth Quarter and Full-Year 2024 Earnings Conference Call. My name is Alex, I'll be coordinating the call today.

Excelerate Energy (EE) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.14 per share a year ago.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today reported its financial results for the fourth quarter ended December 31, 2024. RECENT HIGHLIGHTS Reported Net Income of $46.1 million for the fourth quarter and $153.0 million for the full year 2024 Reported Adjusted EBITDA of $91.6 million for the fourth quarter and $348.2 million for the full year 2024 Declared a quarterly cash dividend of $0.06 per share, payable on March 27, 2025 CEO.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend, with respect to the quarter ended December 31, 2024, of $0.06 per share of Class A common stock. The dividend is payable on March 27, 2025, to Class A common stockholders of record as of the close of business on March 12, 2025. Excelerate Energy Limited Partnership, the Company's operating subsidia.

The UP World LNG Shipping Index (UPI) gained 0.40%, while the S&P 500 lost 1%, reflecting stable market conditions and cold weather in Europe. LNG tankers are diverting from Asia to Europe due to lower gas consumption in Asia and higher demand in Europe. Spot rates for LNG shipping are falling, with rates below operating costs, impacting companies like Awilco LNG and Chevron negatively.