Excelerate Energy's stock surged over 10% in after-hours trading on Wednesday, February 26, following the release of the company's better-than-expected fourth quarter 2024 financial results and optimistic full-year guidance.
For the fourth quarter, Excelerate Energy reported revenue of $274.6 million, significantly higher than the estimated $194.3 million. The company's operating income also exceeded expectations, coming in at $60.2 million versus the estimated $56 million. Excelerate Energy posted a net income of $46.1 million and an adjusted EBITDA of $91.6 million during the quarter.
Additionally, the company provided an upbeat outlook for the full year 2025, forecasting adjusted EBITDA in the range of $340 million to $360 million. This positive guidance likely contributed to the stock's rally, as investors reacted favorably to Excelerate Energy's strong performance and promising outlook.
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