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Excelerate Energy Inc (EE) |
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Excelerate Energy Inc Outlook |
On November 8 2023 the Excelerate Energy Inc provided following guidance
Excelerate Energy Inc., a leading energy company, announced its strong financial performance for the third quarter of 2023. The company reported a net income of $46.5 million for the quarter, showcasing its strong profitability. Additionally, Excelerate achieved an impressive adjusted EBITDA of $106.9 million, highlighting its operational efficiency.
Based on these positive results, Excelerate has revised its guidance for the full year 2023 adjusted EBITDA and now expects it to range between $340 million and $350 million. This upward adjustment reflects the company's confidence in its ability to sustain profitable growth.
Furthermore, Excelerate Energy recently entered into a charter agreement with Petrobras, one of the world's largest oil companies. This agreement allows Petrobras to use Excelerate's floating storage and regasification unit (FSRU), showcasing the company's commitment to providing innovative solutions to the industry.
Overall, Excelerate Energy's strong financial results and increased adjusted EBITDA guidance demonstrate its continued success and position within the energy sector. The company's partnership with Petrobras further supports its reputation as a trusted and reliable provider in the market.
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