Excelerate Energy, Inc.
General Information | |
Business: | Excelerate is changing the way the world accesses cleaner, more affordable and reliable energy by delivering regasified natural gas, benefitting hundreds of millions of people around the world. From our founding, we have focused on providing flexible liquefied natural gas (“LNG”) solutions to emerging markets in diverse environments across the globe, providing a lesser emitting form of energy to markets that often rely on coal as their primary energy source. At Excelerate, we believe that access to affordable energy such as LNG is critical to assisting emerging markets in their decarbonization efforts, while at the same time promoting economic growth and improving quality of life.
We have grown our business significantly since our first floating storage and regasification unit (“FSRU”) charter in 2003, and today, we are a profitable energy company with a geographically diversified business model. Our business spans the globe, with regional offices in eight countries and operations in the United States, Brazil, Argentina, Israel, United Arab Emirates, Pakistan and Bangladesh. We are the largest provider of regasified LNG in Argentina and Bangladesh and one of the largest providers of regasified LNG in Brazil and Pakistan, and we operate the largest FSRU in Brazil. We also lease an LNG terminal in Bahia, Brazil from Petróleo Brasileiro S.A. (“Petrobras”), and in December 2021, we started importing LNG and selling regasified natural gas to Petrobras. In each of these countries, we provide a cleaner energy source from which power can be generated consistently.
**Note: Revenue and net income figures are for the 12 months ended Dec. 31, 2021.
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Industry: | Regasified LNG |
Employees: | 901 |
Founded: | 2003 |
Contact Information | |
Address | 2445 Technology Forest Blvd., Level 6 The Woodlands, TX 77381 |
Phone Number | (832) 813-7100 |
Web Address | http://www.excelerateenergy.com/ |
View Prospectus: | Excelerate Energy, Inc. |
Financial Information | |
Market Cap | $2540.0mil |
Revenues | $888.56 mil (last 12 months) |
Net Income | $41.19 mil (last 12 months) |
IPO Profile | |
Symbol | EE |
Exchange | NYSE |
Shares (millions): | 16.0 |
Price range | $24.00 - $24.00 |
Est. $ Volume | $384.0 mil |
Manager / Joint Managers | Barclays/ J.P. Morgan/ Morgan Stanley/ Wells Fargo Securities |
CO-Managers | Raymond James/ Stephens, Inc./ Tudor, Pickering, Holt/ SMBC Nikko/ BOK Financial Securities, Inc. |
Expected To Trade: | 4/13/2022 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |