Excelerate Energy Inc. (EE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2445 TECHNOLOGY FOREST BLVD. THE WOODLANDS, TX 77381 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 555,853 | 516,659 | |||
| Cash and cash equivalents | 555,853 | 516,659 | |||
| Restricted cash and investments | 2,655 | 2,614 | |||
| Receivables | 97,285 | 82,289 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,946 | 173,603 | |||
| Inventory | 2,946 | 173,603 | |||
| Other current assets | 24,410 | 35,026 | |||
| Other undisclosed current assets | 16,463 | 13,344 | |||
| Total current assets: | 699,612 | 823,535 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 6,287 | 78,611 | |||
| Property, plant and equipment | 1,649,779 | 1,455,683 | |||
| Long-term investments and receivables | 21,269 | 24,522 | |||
| Long-term investments | 21,269 | 24,522 | |||
| Regulated entity, other noncurrent assets | 7,212 | 5,450 | |||
| Restricted cash and investments | 13,950 | 18,698 | |||
| Deferred income tax assets | 42,948 | 39,867 | |||
| Other noncurrent assets | 42,987 | 26,342 | |||
| Other undisclosed noncurrent assets | 376,335 | 394,114 | |||
| Total noncurrent assets: | 2,160,767 | 2,043,287 | |||
| TOTAL ASSETS: | 2,860,379 | 2,866,822 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 54,881 | 131,662 | |||
| Accounts payable | 13,761 | 94,770 | |||
| Accrued liabilities | 41,120 | 36,892 | |||
| Deferred revenue | 27,169 | 144,807 | |||
| Debt | 64,694 | 41,717 | |||
| Derivative instruments and hedges, liabilities | 630 | ||||
| Due to related parties | ✕ | ✕ | 2,054 | ||
| Other undisclosed current liabilities | 57,012 | 70,639 | |||
| Total current liabilities: | 203,756 | 391,509 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 523,174 | 403,750 | |||
| Long-term debt, excluding current maturities | 333,367 | 193,396 | |||
| Finance lease, liability | 189,807 | 210,354 | |||
| Liabilities, other than long-term debt | 43,507 | 229,145 | |||
| Due to related parties | ✕ | ✕ | 180,772 | ||
| Other liabilities | 38,502 | ||||
| Operating lease, liability | 5,005 | 48,373 | |||
| Other undisclosed noncurrent liabilities | 280,588 | 145,721 | |||
| Total noncurrent liabilities: | 847,269 | 778,616 | |||
| Total liabilities: | 1,051,025 | 1,170,125 | |||
| Equity | |||||
| Equity, attributable to parent | 505,338 | 477,245 | |||
| Treasury stock, value | (472) | ||||
| Additional paid in capital | 465,551 | 464,721 | |||
| Accumulated other comprehensive income (loss) | 505 | 515 | |||
| Retained earnings | 39,754 | 12,009 | |||
| Equity, attributable to noncontrolling interest | 1,303,908 | 1,219,344 | |||
| Other undisclosed equity | 108 | 108 | |||
| Total equity: | 1,809,354 | 1,696,697 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,860,379 | 2,866,822 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 1,158,963 | 2,472,973 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,000) | (4,400) | ||
| Gross profit: | 1,157,963 | 2,468,573 | ||
| Operating expenses | (948,358) | (2,286,288) | ||
| Other undisclosed operating income | 1,000 | 4,400 | ||
| Operating income: | 210,605 | 186,685 | ||
| Nonoperating income (Other Nonoperating income) | 15,598 | 312 | ||
| Interest and debt expense | (52,468) | (59,539) | ||
| Income from continuing operations before equity method investments, income taxes: | 173,735 | 127,458 | ||
| Other undisclosed loss from continuing operations before income taxes | (13,644) | (19,136) | ||
| Income from continuing operations before income taxes: | 160,091 | 108,322 | ||
| Income tax expense | (33,247) | (28,326) | ||
| Net income: | 126,844 | 79,996 | ||
| Net loss attributable to noncontrolling interest | ||||
| Net income attributable to parent: | 126,844 | 79,996 | ||
| Other undisclosed net loss available to common stockholders, basic | (96,432) | (66,673) | ||
| Net income available to common stockholders, basic: | 30,412 | 13,323 | ||
| Other undisclosed net income available to common stockholders, diluted | 90,327 | |||
| Net income available to common stockholders, diluted: | 120,739 | 13,323 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net income: | 126,844 | 79,996 | ||
| Other comprehensive income (loss) | (23) | 10,450 | ||
| Other undisclosed comprehensive income (loss) | 13 | (6,215) | ||
| Comprehensive income: | 126,834 | 84,231 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (96,432) | (55,119) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11,554) | |||
| Comprehensive income, net of tax, attributable to parent: | 30,402 | 17,558 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.