Excelerate Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Excelerate Energy Inc EE.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of ten analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 24 cents to 37 cents per share.

• Revenue rose 11.6% to $204.56 million from a year ago; analysts expected $228.92 million.

• Excelerate Energy Inc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $4.73 million.

• Excelerate Energy Inc shares had fallen by 17.1% this quarter and lost 19.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the natural gas utilities peer group is also "buy"

• Wall Street's median 12-month price target for Excelerate Energy Inc is $34.50, about 29.5% above its last closing price of $24.32

This summary was machine generated from LSEG data August 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)