Excelerate Energy Results Presentation Deck
Second Quarter 2023 Results
Consistent financial performance driven by high-quality agreements and strong customer relationships
(USD in millions)
Net Income
Adjusted Net Income
Adjusted EBITDA
2Q 2023
$29.6
$29.6
$88.6
1Q 2023
$30.7
$32.7
$79.9
2Q 2022
($4.0)
$20.4
$66.5
Variance Drivers:
Adjusted EBITDA increased over the prior year primarily due to higher rates on new charters in Finland and
Argentina, a contract extension at a higher rate in the UAE, and lower operating lease expense resulting from
the acquisition of the FSRU Sequoia.
Adjusted EBITDA increased sequentially primarily due to a full quarter of operations for the FSRU Excelsior
following the completion of its scheduled drydock in the first quarter, lower operating lease expense for the
Sequoia, and two spot LNG cargo sales into Bangladesh.
EXCELERATE
ENERGY
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