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Excelerate Energy Inc (NYSE: EE) |
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Excelerate Energy Inc's ROA from the third quarter of 2024 to the third quarter of 2023 and 5 Year Period
Return on Assets, Quarterly Results, Trends, Rankings, Statistics
What is Excelerate Energy Inc's ROA in the third quarter of 2024?
Excelerate Energy Inc achieved a return on average assets (ROA) of 4.5 % in its third quarter of 2024, this is above EE's average return on assets of 2.54%. Excelerate Energy Incs assets during the 12 months ending in the third quarter of 2024 are valued at $2 billion ROA fell compared to the second quarter of 2024, despite the net income growth of 36.87% from the second quarter of 2024.
However, within the Utilities sector 24 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Sep 30 2024 quarter, so far to 1181, from total ROA ranking in the second quarter of 2024 at 1203.
What is ROA?
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Select the Comparisons :
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Select the Ratio:
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| Return On Assets |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
| Y / Y Total Assets Change |
-0.83 % |
-0.83 % |
-4.52 % |
2.29 % |
0.31 % |
| Y / Y Net Income Change |
-2.06 % |
12.59 % |
-8.46 % |
3.32 % |
24.35 % |
| Net Income (TTM) in million |
127 |
128 |
124 |
127 |
126 |
| Return On Assets (TTM) |
4.5 % |
4.52 % |
4.38 % |
4.42 % |
4.42 % |
| EE's Total
Ranking |
# 1181 |
# 1203 |
# 1233 |
# 1385 |
# 1285 |
| Total Assets (TTM) in million |
2,832 |
2,830 |
2,817 |
2,814 |
2,856 |
| Seq. Total Assets Change |
0.07 % |
0.47 % |
0.11 % |
-1.47 % |
0.07 % |
| Seq. Net Income Change |
36.87 % |
18.26 % |
40.39 % |
-56.9 % |
57.35 % |
| Return
On Assets Company Ranking |
| Within: |
No. |
| Industry |
# 18 |
| Sector |
# 25 |
| Overall |
# 1180 |
| Return On Assets Statistics |
| High |
Average |
Low |
4.46 % |
2.54 % |
-0.34 % |
| (Jun 30 2024) |
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News about Excelerate Energy Inc |
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In a strategic move to bolster its position in the dynamic liquefied natural gas (LNG) market, Excelerate Energy, Inc. (NYSE: EE) recently announced an agreement with Wärtsilä Gas Solutions. This partnership will see the development of a cutting-edge reliquefaction retrofit system for installation aboard one of Excelerate?s floating storage regasification units (FSRUs). This innovative technology provides a significant upgrade to Excelerate s operational capabilities and reflects the company?s ongoing commitment to sustainability and efficiency.The reliquefaction technology will enhance the flexibility and functionality of Excelerate s fleet by enabling more efficient management of LNG storage and transport. With the ability to retrofit existing vessels, this new system not only promises to elevate the operational standards of current assets but also positions Excelerate favorably for future LNG projects. The company?s foresight in investing in advanced technology demonstrates a keen understanding of evolving market demands and customer needs in the LNG sector.
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Excelerate Energy Enhances FSRU Operations with Wärtsilä s Groundbreaking Reliquefaction Retrofit ProjectIn a significant move aimed at bolstering its floating storage and regasification unit (FSRU) operations, Excelerate Energy, Inc. (NYSE: EE), a leader in the LNG industry, has announced an agreement with Wärtsilä Gas Solutions. This partnership involves the acquisition of a state-of-the-art reliquefaction system, set to be retrofitted onboard one of Excelerate s FSRUs. The importance of this project cannot be overstated, as it underscores the Company?s commitment to enhancing operational efficiency, reducing environmental impact, and meeting the evolving demands of global energy markets. Understanding the Reliquefaction SystemReliquefaction technology is essential for managing the storage and transport of liquefied natural gas (LNG). The system effectively converts gas back into its liquid form, allowing for more efficient storage and transportation. By retrofitting FSRUs with this advanced technology, Excelerate aims to address customer needs while maximizing the utility of its existing fleet. This move also positions Excelerate to capitalize on new LNG opportunities as demand fluctuates globally.
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Excelerate Energy: Navigating Sustainability and Financial Growth in a Changing Energy Landscape In a rapidly evolving energy sector, companies committed to sustainability are increasingly being scrutinized for how effectively they can balance environmental responsibility with financial performance. Excelerate Energy, Inc., based in The Woodlands, Texas, has taken bold steps in this direction, as evidenced by the release of its 2023 Sustainability Report. Titled Waves of Change: Embarking on a Sustainable Future, the report underscores the company?s commitment to addressing global energy challenges and highlights its growth trajectory in the liquefied natural gas (LNG) market.The 2023 Sustainability Report details Excelerate?s global sustainability initiatives and environmental performance over the past year. It presents a narrative of how the company is making LNG accessible to various regions, promoting it as a cleaner alternative to other fossil fuels. By expanding access to LNG, Excelerate aims to not only respond to growing energy demands but also to contribute to a reduced carbon footprint, which is increasingly critical as the world seeks to combat climate change.
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| Annual Return On Assets |
(Dec 31 2023)
FY 2023 |
(Dec 31 2022)
FY 2022 |
(Dec 31 2019)
FY 2019 |
(Dec 31 2014)
FY 2014 |
(Dec 31 2013)
FY 2013 |
| Y / Y Total Assets Change |
2.29 % |
-27.86 % |
5.09 % |
4.14 % |
3.2 % |
| Total Assets in million |
2,814 |
2,751 |
3,813 |
3,629 |
3,484 |
| Y / Y Net Income Change |
85.33 % |
-44.37 % |
34.57 % |
3.21 % |
-2.49 % |
| Net Income in million |
127 |
68 |
123 |
91 |
89 |
| Annual Return On Assets |
4.51 % |
2.49 % |
3.23 % |
2.52 % |
2.54 % |
| Comment on EE's ROA in the fiscal year ending 2023 |
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In the fiscal year 2023 ROA improved to 4.51 % compared to prior year, due to annual net income growth of 85.33 % to $126.84 million, while value of Excelerate Energy Inc's overall assets grew just by 2.29 % to $2,813.66 million, compared to $2,813.66 a year before.
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