Excelerate Energy, Inc. (NYSE: EE)

Excelerate Energy, Inc. (EE), a prominent player in the LNG industry, offers flexible LNG solutions and integrated services along the LNG value chain. The company, established in September 2021, is listed on the stock exchange under the symbol EE. Excelerate Energy serves as a holding company with a controlling equity interest in Excelerate Energy Limited Partnership (EELP), a Delaware limited partnership formed in December 2003.

Excelerate Energy's primary business activities revolve around its Floating Storage and Regasification Units (FSRUs), which deliver regasification services to customers worldwide. These FSRUs are designed to deliver natural gas at pipeline pressure, with maximum send-out capacities ranging from 600 million standard cubic feet per day to up to 1,200 MMscf/d continuously. As of December 31, 2023, Excelerate operates a fleet of ten purpose-built FSRUs, with eight owned by the company and two chartered.

The company generates revenue through its FSRU fleet operations, regasification services, and LNG and natural gas supply and optimization. Excelerate's customers are a mix of state-owned oil and gas companies, transmission operators, and industrial users of natural gas. The company's revenue is primarily derived from time charter and terminal use contracts, as well as the sale of natural gas and LNG cargos.

Excelerate's competitive advantages include its experienced LNG leadership and proven ability to execute, its strategic position to meet growing global demand for cleaner energy, its full-service, integrated LNG business model, and its understanding of LNG market dynamics. The company competes with FSRU and LNG carrier players, LNG sellers, and LNG-to-power developers.

The FSRU fleet operations segment is Excelerate's core business, with a fleet of ten purpose-built FSRUs providing regasification services worldwide. The regasification services are an essential part of Excelerate's business, delivering natural gas at pipeline pressure to meet customers' demand. Excelerate's LNG and natural gas supply and optimization segment involves procuring and selling LNG and natural gas to customers, optimizing inventory levels, and ensuring timely deliveries.

Excelerate's customers include major energy companies, state-owned oil and gas companies, transmission operators, and industrial users of natural gas, located around the world, with a significant presence in the United States, Europe, and Asia. The company prioritizes attracting, developing, and retaining a high-performing workforce committed to upholding governance, ethics, diversity, equity, and inclusion.

In terms of environmental regulation, Excelerate's operations are subject to various laws, regulations, and conventions related to environmental protection, natural resources, human health, safety, and security. The company is dedicated to complying with all applicable laws, regulations, and conventions, prioritizing safety, security, and environmental responsibility.