Stock Track | Excelerate Energy Soars as Q3 Earnings Beat Expectations

Stock Track

Nov 08, 2024

Excelerate Energy, Inc. (NYSE: EE) witnessed a significant surge in its stock price, soaring 6.43% on November 8, 2024, following the release of its impressive third-quarter 2024 earnings results.

The company's strong financial performance was a key catalyst driving the stock's upward movement. Excelerate Energy reported an adjusted EBITDA of $92 million for Q3 2024, reflecting a 4% increase from the previous quarter. This growth was attributed to lower operating costs and higher gas sales margins. Additionally, the company raised its full-year 2024 adjusted EBITDA guidance to a range of $335 million to $345 million, instilling confidence in investors.

Another noteworthy development was Excelerate Energy's decision to increase its quarterly dividend to 6 cents per share, more than doubling the previous amount. This move signaled the company's strong cash generation capabilities and commitment to shareholder returns.

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(NYSE: EE) witnessed a significant surge in its stock price, soaring 6.43% on November 8, 2024, following the release of its impressive third-quarter 2024 earnings results.</p>\n\n<p>The company's strong financial performance was a key catalyst driving the stock's upward movement. Excelerate Energy reported an adjusted EBITDA of $92 million for Q3 2024, reflecting a 4% increase from the previous quarter. This growth was attributed to lower operating costs and higher gas sales margins. Additionally, the company raised its full-year 2024 adjusted EBITDA guidance to a range of $335 million to $345 million, instilling confidence in investors.</p>\n\n<p>Another noteworthy development was Excelerate Energy's decision to increase its quarterly dividend to 6 cents per share, more than doubling the previous amount. This move signaled the company's strong cash generation capabilities and commitment to shareholder returns.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EE","symbol_name":"Excelerate Energy, Inc.","start_time":0,"source_url":"","article_id":"1143847263","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143847263","pubTimestamp":1731078792,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Excelerate Energy, Inc.  witnessed a significant surge in its stock price, soaring 6.43% on November 8, 2024, following the release of its impressive third-quarter 2024 earnings results.The company's strong financial performance was a key catalyst driving the stock's upward movement. 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