Excelerate Energy (EE) 10-Q 10 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001888447
Securities Act File Number	001-41352
Entity Registrant Name	Excelerate Energy, Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-2878691
Entity Address, Address Line One	2445 Technology Forest Blvd
Entity Address, Address Line Two	Level 6
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77381
City Area Code	832
Local Phone Number	813-7100
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	EE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Excelerate Energy, Inc [Member] | Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		26,254,167
Excelerate Energy, Inc [Member] | Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		82,021,389

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 462,001	$ 516,659
Current portion of restricted cash	2,638	2,614
Amounts due from related parties	145,608	82,289
Inventories	28,072	173,603
Current Portion Of Net Investments In Sales Type Leases	13,980	13,344
Other current assets	36,629	35,026
Total current assets	688,928	823,535
Restricted cash	19,482	18,698
Property and equipment, net	1,685,705	1,455,683
Operating lease right-of-use assets	10,252	78,611
Net investments in sales-type leases	392,007	399,564
Investment in equity method investee	25,096	24,522
Deferred tax assets, net	37,741	39,867
Other assets	40,681	26,342
Total assets	2,899,892	2,866,822
Current liabilities
Accounts payable	46,991	96,824
Accrued liabilities and other liabilities	59,710	66,888
Current portion of deferred revenue	21,972	144,807
Current portion of long-term debt	29,507	20,913
Current portion of long-term debt - related party	8,003	7,661
Current portion of operating lease liabilities	5,982	33,612
Current portion of finance lease liabilities	21,408	20,804
Total current liabilities	193,573	391,509
Derivative liabilities	598	0
Long-term debt, net	420,310	193,396
Long-term debt, net - related party	176,345	180,772
Operating lease liabilities	5,316	48,373
Finance lease liabilities	200,276	210,354
TRA liability	72,951	72,951
Asset retirement obligations	40,800	39,823
Long-term deferred revenue	35,007	32,947
Total liabilities	1,145,176	1,170,125
Commitments and contingencies (Note 20)
Additional paid-in capital	465,067	464,721
Retained earnings	23,489	12,009
Accumulated other comprehensive loss	1,257	515
Non-controlling interest	1,264,795	1,219,344
Total equity	1,754,716	1,696,697
Total liabilities and equity	2,899,892	2,866,822
Common Class A Member
Current liabilities
Common stock Value	26	26
Common Class B Member
Current liabilities
Common stock Value	$ 82	$ 82

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common Class A [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	26,254,167	26,254,167
Common stock, outstanding	26,254,167	26,254,167
Common Class B [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	150,000,000	150,000,000
Common stock, issued	82,021,389	82,021,389
Common stock, outstanding	82,021,389	82,021,389

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Total revenue	$ 432,372	$ 622,929	$ 643,428	$ 1,214,602
Operating expenses
Cost of revenue and vessel operating expenses (exclusive of items below)	48,664	58,673	107,456	108,736
Direct cost of gas sales	277,693	485,023	332,878	948,375
Depreciation and amortization	30,772	24,296	55,965	48,039
Selling, general and administrative expenses	21,563	13,064	43,880	25,698
Restructuring, transition and transaction expenses	0	2,582	0	5,335
Total operating expenses	378,692	583,638	540,179	1,136,183
Operating Income	53,680	39,291	103,249	78,419
Other income (expense)
Interest expense	(13,479)	(7,800)	(25,434)	(14,854)
Interest expense - related party	(3,593)	(5,493)	(7,185)	(17,666)
Earnings from equity method investment	392	732	808	1,510
Early extinguishment of lease liability on vessel acquisition	0	(21,834)	0	(21,834)
Other income (expense), net	2,268	(1,086)	6,172	(5,202)
Income before income taxes	39,268	3,810	77,610	20,373
Provision for income taxes	(9,712)	(7,800)	(17,315)	(11,519)
Net income (loss)	29,556	(3,990)	60,295	8,854
Less net income (loss) attributable to non-controlling interest	23,588	(831)	47,483	(1,647)
Net income (loss) attributable to shareholders	$ 5,968	$ (2,031)	$ 12,812	$ (2,031)
Net income (loss) per common share - basic	$ 0.23	$ (0.08)	$ 0.49	$ (0.08)
Net income (loss) per common share - diluted	$ 0.23	$ (0.08)	$ 0.49	$ (0.08)
Weighted average shares outstanding - basic	26,254,167	26,254,167	26,254,167	26,254,167
Weighted average shares outstanding - diluted	26,266,312	26,254,167	26,272,890	26,254,167
ENE Onshore
Other income (expense)
Less net income (loss) attributable to non-controlling interest		$ (181)		$ (418)
EELP
Other income (expense)
Less pre-IPO net income (loss) attributable to EELP	$ 0	(947)	$ 0	12,950
FSRU and terminal services
Revenues
Total revenue	125,462	110,072	244,039	207,664
Gas Sales
Revenues
Total revenue	$ 306,910	$ 512,857	$ 399,389	$ 1,006,938

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 29,556	$ (3,990)	$ 60,295	$ 8,854
Other comprehensive income (loss)
Cumulative translation adjustment	315	0	(105)	0
Change in unrealized gains on cash flow hedges	3,516	1,250	3,408	4,294
Share of other comprehensive income (loss) of equity method investee	504	793	(233)	3,207
Other comprehensive income (loss) attributable to non-controlling interest	(3,286)	(1,342)	(2,328)	(1,342)
Pre-IPO other comprehensive income attributable to EELP	0	0	0	(5,458)
Comprehensive income (loss)	30,605	(3,289)	61,037	9,555
Less comprehensive income (loss) attributable to non-controlling interest	23,588	(831)	47,483	(1,647)
Comprehensive income (loss) attributable to shareholders	7,017	(1,330)	13,554	(1,330)
ENE Onshore [Member]
Other comprehensive income (loss)
Less comprehensive income (loss) attributable to non-controlling interest	0	(181)	0	(418)
EELP [Member]
Other comprehensive income (loss)
Less pre-IPO net income (loss) attributable to EELP	$ 0	$ (947)	$ 0	$ 12,950

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Class A [Member]	Common Class B [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Equity Interest [Member]	Retained Earnings [Member]	Additional Paid-in Capital [Member]	Related Party Note Receivable [Member]	Accumulated other comprehensive loss [Member]	Non-Controlling Interest [Member]	Non-Controlling Interest Onshore [Member]	EELP [Member]
Begining Balance at Dec. 31, 2021	$ 1,003,926					$ 1,135,769			$ (6,759)	$ (9,178)	$ 14,376	$ (130,282)
Net income	12,844					13,897					(816)	(237)
Related party note receivable	6,600								6,600
Other comprehensive income (loss)	5,458									5,458
Ending Balance at Mar. 31, 2022	1,028,828					1,149,666			(159)		13,560	(130,519)
Begining Balance at Dec. 31, 2021	1,003,926					1,135,769			(6,759)	(9,178)	14,376	(130,282)
Net income	8,854
Net loss prior to IPO													$ 12,950
Dividends paid	0
Ending Balance at Jun. 30, 2022	1,610,576			$ 26	$ 82	0	$ (2,031)	$ 583,669	(159)	(199)	1,159,888	(130,700)
Ending Balance, shares at Jun. 30, 2022				26,254,167	82,021,389,000
Begining Balance at Dec. 31, 2021	1,003,926					1,135,769			(6,759)	(9,178)	14,376	(130,282)
Distributions Paid or To Be Paid			$ (2,051)
Ending Balance at Dec. 31, 2022	1,696,697			$ 26	$ 82		12,009	464,721		515	1,219,344
Ending Balance, shares at Dec. 31, 2022				26,254,167	82,021,389
Begining Balance at Mar. 31, 2022	1,028,828					1,149,666			(159)		13,560	(130,519)
Net income	(3,990)
Net loss prior to IPO						(947)							(947)
Other comprehensive income (loss)	2,043									701	1,342
Effect Of The Reorganization Transactions, shares					82,021,389,000
Effect Of The Reorganization Transactions					$ 82	(1,148,719)				2,820	1,145,817
Issuance of common stock - IPO, shares				18,400,000
Issuance of common stock - IPO	408,290			$ 18				408,272
Vessel acquisition				7,854,167
Purchase of Foundation Vessels	188,500			$ 8				188,492
Tax receivable agreement	(14,939)							(14,939)
Pre-IPO capital contribution	1,574							1,574
Net income (loss) subsequent to IPO	(3,043)						(2,031)				(831)	(181)
Long-term incentive compensation	270							270
Ending Balance at Jun. 30, 2022	1,610,576			$ 26	$ 82	$ 0	(2,031)	583,669	$ (159)	(199)	1,159,888	$ (130,700)
Ending Balance, shares at Jun. 30, 2022				26,254,167	82,021,389,000
Begining Balance at Dec. 31, 2022	1,696,697			$ 26	$ 82		12,009	464,721		515	1,219,344
Beginning Balance, shares at Dec. 31, 2022				26,254,167	82,021,389
Net income	30,739						6,844				(23,895)
Other comprehensive income (loss)	(1,265)									(307)	(958)
Distributions Paid or To Be Paid	(2,051)		$ (2,051)								(2,051)
Minority owner contribution - Albania Power Project	337										337
Class A dividends - $0.025 per share	(663)						(663)
Long-term incentive compensation	357							86			271
Ending Balance at Mar. 31, 2023	1,724,151			$ 26	$ 82		18,190	464,807		208	1,240,838
Ending Balance, shares at Mar. 31, 2023				26,254,167	82,021,389
Begining Balance at Dec. 31, 2022	1,696,697			$ 26	$ 82		12,009	464,721		515	1,219,344
Beginning Balance, shares at Dec. 31, 2022				26,254,167	82,021,389
Net income	60,295
Net loss prior to IPO													0
Issuance of common stock - IPO, shares		6,254,167	2,021,389
Dividends paid	(1,313)
Distributions Paid or To Be Paid			$ (2,051)
Net income (loss) subsequent to IPO	60,295
Ending Balance at Jun. 30, 2023	1,754,716			$ 26	$ 82		23,489	465,067		1,257	1,264,795
Ending Balance, shares at Jun. 30, 2023				26,254,167	82,021,389
Begining Balance at Mar. 31, 2023	1,724,151			$ 26	$ 82		18,190	464,807		208	1,240,838
Beginning Balance, shares at Mar. 31, 2023				26,254,167	82,021,389
Net income	29,556						5,968				(23,588)
Net loss prior to IPO													$ 0
Other comprehensive income (loss)	4,335									(1,049)	3,286
Distributions	(2,000)										(2,000)
Distributions Paid or To Be Paid	(2,051)										(2,051)
Minority owner contribution - Albania Power Project	320										320
Class A dividends - $0.025 per share	(669)						(669)
Net income (loss) subsequent to IPO	29,556
Long-term incentive compensation	1,074							260			814
Ending Balance at Jun. 30, 2023	$ 1,754,716			$ 26	$ 82		$ 23,489	$ 465,067		$ 1,257	$ 1,264,795
Ending Balance, shares at Jun. 30, 2023				26,254,167	82,021,389

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Common Class A Member
Dividend declared per Share	$ 0.025	$ 0.025	$ 0.025

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 60,295	$ 8,854
Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization	55,965	48,039
Amortization of operating lease right-of-use assets	9,674	15,447
ARO accretion expense	877	738
Amortization of debt issuance costs	3,983	620
Deferred income taxes	1,980	(5,552)
Share of net earnings in equity method investee	(808)	(1,510)
Distributions from equity method investee	0	2,700
Long-term incentive compensation expense	1,431	270
Early extinguishment of lease liability on vessel acquisition	0	21,834
Non-cash restructuring expense	0	1,574
(Gain)/loss on non-cash items	1,747	0
Changes in operating assets and liabilities:
Accounts receivable	(67,420)	76,399
Inventories	144,529	40,028
Other current assets and other assets	(13,889)	(2,302)
Accounts payable and accrued liabilities	(50,251)	(211,287)
Derivative liabilities	193	1,295
Current portion of deferred revenue	(122,835)	(1,669)
Net investments in sales-type leases	6,921	5,790
Operating lease assets and liabilities	(9,973)	(14,040)
Other long-term liabilities	2,060	3,273
Net cash provided by (used in) operating activities	24,479	(9,499)
Cash flows from investing activities
Purchases of property and equipment	(292,788)	(42,030)
Sales of property and equipment	4,101	0
Net cash used in investing activities	(288,687)	(42,030)
Cash flows from financing activities
Proceeds from issuance of common stock, net	0	412,183
Proceeds from long-term debt - related party	0	649,400
Repayments of long-term debt - related party	(4,085)	(648,126)
Repayments of long term debt	(10,925)	(9,561)
Proceeds from revolving credit facility	0	140,000
Repayments of revolving credit facility	0	(140,000)
Proceeds from Term Loan Facility	250,000	0
Payment of debt issuance costs	(7,018)	(5,512)
Collections of related party note receivables	0	6,600
Settlement of finance lease liability related party	0	25,000
Principal payments under finance lease liabilities	(10,752)	(10,806)
Principal payments under finance lease liabilities - related party	0	(2,912)
Dividends paid	(1,313)	0
Distributions	(6,101)	0
Minority owner contribution - Albania Power Project	657	0
Net cash provided by financing activities	210,463	366,266
Effect of exchange rate on cash, cash equivalents, and restricted cash	(105)	0
Net increase (decrease) in cash, cash equivalents and restricted cash	(53,850)	314,737
Cash, cash equivalents and restricted cash
Beginning of period	537,971	90,964
End of period	$ 484,121	$ 405,701

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

General Business Information

General Business Information	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General business information	1. General business information Excelerate Energy, Inc. (“Excelerate” and together with its subsidiaries, “we,” “us,” “our” or the “Company”) offers flexible liquefied natural gas (“LNG”) solutions, providing integrated services along the LNG value chain. We offer a full range of flexible regasification services, from floating storage and regasification units (“FSRUs”) to infrastructure development, to LNG and natural gas supply. Excelerate was incorporated on September 10, 2021 as a Delaware corporation. Excelerate was formed as a holding company to own, as its sole material asset, a controlling equity interest in Excelerate Energy Limited Partnership (“EELP”), a Delaware limited partnership formed in December 2003 by George B. Kaiser (together with his affiliates other than the Company, “Kaiser”). On April 18, 2022, Excelerate closed its initial public offering (the “IPO”) of 18,400,000 shares of the Company’s Class A Common Stock, $ 0.001 par value per share (the “Class A Common Stock”), at an offering price of $ 24.00 per share, pursuant to the Company’s registration statement on Form S-1 (File No. 333-262065), and its prospectus (the “Prospectus”), dated April 12, 2022 and filed on April 14, 2022 with the Securities and Exchange Commission pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended. The IPO generated gross proceeds of $ 441.6 million before deducting underwriting discounts and commissions of $ 25.4 million and IPO-related expenses of $ 7.6 million . The proceeds of the IPO were used in part (a) to purchase an approximately 24.2 % ownership interest in EELP at a per-interest price equal to the IPO price of $ 24.00 per share, and (b) to fund a $ 50.0 million cash payment as part of EELP’s purchase of all of the issued and outstanding membership interests in Excelsior, LLC and FSRU Vessel (Excellence), LLC (f/k/a Excellence, LLC), (collectively, the “Foundation Vessels”) ((a) and (b) collectively with the IPO, the “IPO Transaction”). See further discussion of the Foundation Vessels in Note 8 – Property and equipment. Following the IPO and as of June 30, 2023 , Kaiser owned directly or indirectly the remaining approximately 75.8 % of the ownership interests in EELP. The IPO Transaction, whereby Excelerate began to consolidate EELP in its consolidated financial statements, was accounted for as a reorganization of entities under common control. As a result, the consolidated financial statements of Excelerate recognized the assets and liabilities received from EELP in the reorganization at their historical carrying amounts and retroactively reflected them in the Company’s consolidated financial statements as of the earliest period presented. In October 2022, Excelerate Energy Holdings, LLC (“EE Holdings”), the indirect sole member of Excelerate New England Onshore, LLC (“ENE Onshore”), and EELP, the sole member of ENE Lateral, entered into a merger agreement, pursuant to which ENE Onshore was merged with and into ENE Lateral (the “ENE Onshore Merger”). ENE Lateral was the surviving entity and ENE Onshore ceased to exist as a separate entity. EE Holdings retained responsibility for all liabilities and obligations of ENE Onshore arising prior to the ENE Onshore Merger. Prior to the ENE Onshore Merger, Excelerate consolidated ENE Onshore as a variable interest entity (“VIE”) as Excelerate was determined to be the primary beneficiary of ENE Onshore. As a result of the ENE Onshore Merger, Excelerate no longer has a non-controlling interest related to ENE Onshore. See Note 18 – Related party transactions for more details on this merger. Basis of Presentation These consolidated financial statements and related notes include the assets, liabilities and results of operations of Excelerate and its consolidated subsidiaries and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. All transactions among Excelerate and its consolidated subsidiaries have been eliminated in consolidation. In management’s opinion, all adjustments necessary for a fair statement are reflected in the interim periods. The year-end consolidated balance sheet data was derived from audited financial statements, but the consolidated balance sheet data does not include all disclosures required by GAAP. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of Excelerate and the related notes included in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”). Ope rating results for the periods presented are not necessarily indicative of the results that may be expected for the full year or any future period.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of significant accounting policies	2. Summary of significant accounting policies A summary of the Company's significant accounting policies can be found in Note 2 – Summary of Significant Accounting Policies in the Notes to the Consolidated Financial Statements of the 2022 Annual Report. Other than the updates noted below, there were no significant updates or revisions to our accounting policies during the six months ended June 30, 2023. Recent accounting pronouncements Accounting standards recently issued but not yet adopted In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU 2021-01, “Reference Rate Reform (Topic 848) – Scope” (“ASU 2021-01”), which permits entities to apply optional expedients in Topic 848 to derivative instruments modified because of discounting transition resulting from reference rate reform. ASU 2020-04 became effective upon issuance and may be applied prospectively to contract modifications made on or before December 31, 2022. ASU 2021-01 became effective upon issuance and may be applied on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively for contract modifications made on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848” (“ASU 2022-06”), which extended the effective date of the original guidance to December 31, 2024. During the second quarter of 2023, the Company began transitioning its contracts that referenced LIBOR, as described in Note 10 – Long-term debt. As of June 30, 2023, the Company has other contracts which continue to reference LIBOR. As part of amending our hedging arrangements, we plan to apply the ASU 2021-01 practical expedient. Our adoption of this standard has not had a material impact on our Consolidated Financial Statements and is not expected to for the remaining contracts that are still to be amended.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair value of financial instruments	3. Fair value of financial instruments Recurring Fair Value Measurements Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of significance for a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and the placement within the fair value hierarchy levels. The following table presents the Company’s financial assets and liabilities by level within the fair value hierarchy that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Financial assets Derivative financial instruments Level 2 $ 5,823 $ 2,444 Financial liabilities Derivative financial instruments Level 2 $ ( 789 ) $ ( 630 ) As of June 30, 2023 and December 31, 2022 , all derivatives were determined to be classified as Level 2 fair value instruments. No cash collateral has been posted or held as of June 30, 2023 or December 31, 2022. This table excludes cash on hand and assets and liabilities that are measured at historical cost or any basis other than fair value. The carrying amounts of other financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, accounts payable and other accrued liabilities approximate fair value due to their short maturities. The carrying value of long-term debt approximates fair value due to the variable rate nature of these financial instruments. The determination of the fair values above incorporate factors including not only the credit standing of the counterparties involved, but also the impact of the Company’s nonperformance risks on its liabilities. The values of the Level 2 interest rate swaps were determined using expected cash flow models based on observable market inputs, including published and quoted interest rate data from public data sources. Specifically, the fair values of the interest rate swaps on the 2017 Bank Loans (as defined herein) were derived from the implied forward LIBOR yield curve for the same period as the future interest rate swap settlements. The fair values of the interest rate swaps on the Term Loan Facility (as defined herein) were derived from the implied forward SOFR yield curve for the same period as the future interest rate swap settlements. The Company has no t changed its valuation techniques or Level 2 inputs during the three and six months ended June 30, 2023 and 2022. Non-Recurring Fair Value Measures Certain non-financial assets and liabilities are measured at fair value on a non-recurring basis and are subject to fair value adjustments in certain circumstances, such as equity investments or long-lived assets subject to impairment. For assets and liabilities measured on a non-recurring basis during the year, separate quantitative disclosures about the fair value measurements would be required for each major category. The Company did no t record any material impairments on the equity investments or long-lived assets during the three and six months ended June 30, 2023 and 2022 .

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Accounts receivable	4. Accounts receivable, net As of June 30, 2023 and December 31, 2022, accounts receivable, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Trade receivables $ 140,929 $ 74,980 Accrued revenue 4,792 5,307 Amounts receivable from related party 443 2,595 Allowance for doubtful accounts ( 556 ) ( 593 ) Accounts receivable, net $ 145,608 $ 82,289

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative financial instruments	5. Derivative financial instruments The following table summarizes the notional values related to the Company’s derivative instruments outstanding at June 30, 2023 (in thousands): June 30, 2023 Interest rate swaps (1) $ 310,721 (1) Number of open positions and gross notional values do not measure the Company’s risk of loss, quantify risk or represent assets or liabilities of the Company. Instead, they indicate the relative size of the derivative instruments and are used in the calculation of the amounts to be exchanged between counterparties upon settlements. The following table presents the fair value of each classification of the Company’s derivative instruments designated as hedging instruments as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Cash flow hedges Current assets $ 4,668 $ 1,211 Non-current assets 1,155 1,233 Current liabilities ( 191 ) ( 630 ) Non-current liabilities ( 598 ) — Net derivative assets $ 5,034 $ 1,814 The current and non-current portions of derivative assets are included within other current assets and other assets, respectively, on the consolidated balance sheets. The current portion of derivative liabilities is included within accrued liabilities and other liabilities on the consolidated balance sheets. Derivatives Accounted for as Cash Flow Hedges The Company’s cash flow hedges include interest rate swaps that are hedges of variability in forecasted interest payments due to changes in the interest rate on LIBOR- and SOFR-based borrowings, a summary which includes the following designations: • In 2018, the Company entered into two long-term interest rate swap agreements with a major financial institution. The swaps, which became effective in October 2018 and expire in April 2030, are used to hedge approximately 70 % of the variability in interest payments/interest risk on the 2017 Bank Loans (as defined herein). • In 2023, the Company entered into long-term interest rate swap agreements with multiple major financial institutions. This arrangement is used to hedge the variability of the interest payments/interest risk on the Term Loan Facility (as defined herein) and will expire in March 2027. The following table presents the gains and losses from the Company’s derivative instruments designated in a cash flow hedging relationship recognized in the consolidated statements of income and comprehensive income for the three and six months ended June 30, 2023 and 2022 (in thousands): Derivatives Designated in Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Interest rate swaps $ 4,194 $ 806 $ 4,583 $ 3,764 Derivatives Designated in Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Interest rate swaps Interest expense $ 678 $ ( 444 ) $ 1,175 $ ( 530 ) The amount of gain (loss) recognized in other comprehensive income as of June 30, 2023 and expected to be reclassified within the next 12 months is $ 4.7 million .

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	6. Inventories As of June 30, 2023 and December 31, 2022, inventories consisted of the following (in thousands): June 30, 2023 December 31, 2022 LNG $ 25,447 $ 171,578 Bunker fuel 2,625 2,025 Inventories $ 28,072 $ 173,603 For the six months ended June 30, 2023 we recorded a lower of cost or net realizable value write- down of $ 1.0 million, which is included in Direct cost of gas sales on our consolidated statements of income. No impairments were reco rded during the three and six months ended June 30, 2022 .

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2023
Other Assets, Current [Abstract]
Other current assets	7. Other current assets As of June 30, 2023 and December 31, 2022, other current assets consisted of the following (in thousands): June 30, 2023 December 31, 2022 Prepaid expenses $ 15,133 $ 18,635 Prepaid expenses – related party 2,098 2,205 Tax receivables 11,963 10,594 Other receivables 7,435 3,592 Other current assets $ 36,629 $ 35,026

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and equipment	8. Property and equipment As of June 30, 2023 and December 31, 2022, the Company’s property and equipment, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Vessels $ 2,500,062 $ 2,225,123 Buoy and pipeline 15,568 17,130 Finance lease right-of-use assets 40,007 40,007 Other equipment 17,392 17,469 Assets in progress 83,109 77,983 Less accumulated depreciation ( 970,433 ) ( 922,029 ) Property and equipment, net $ 1,685,705 $ 1,455,683 Depreciation expense for the three months ended June 30, 2023 and 2022 was $ 29.9 million and $ 23.5 million , respectively. For the six months ended June 30, 2023 and 2022, depreciation expense was $ 54.2 million and $ 46.7 million , respectively. Sequoia Acquisition In March 2023, we exercised our option to purchase the FSRU Sequoia for a purchase price of $ 265 million (the “Sequoia Purchase”), which at December 31, 2022, was under a bareboat charter with a third party and accounted for as an operating lease. We closed the Sequoia Purchase in April 2023 using proceeds from the Term Loan Facility and cash on hand. Vessel Acquisition As part of the IPO Transaction, in exchange for (i) 7,854,167 shares of Class A Common Stock with a fair market value (based on the IPO price) of $ 188.5 million, (ii) a cash payment of $50.0 million and (iii) $ 21.5 million of estimated future payments under the TRA, EELP purchased from Maya Maritime LLC, a wholly owned subsidiary of the Foundation, all of the issued and outstanding membership interests in the Foundation Vessels. The acquisition of both the Excelsior and the Excellence vessels were accounted for as asset acquisitions in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. In accordance with ASC 805, the accumulated cost of the vessel acquisitions, including Class A Common Stock and contingent consideration related to the TRA, were allocated to the assets acquired based on relative fair value. In 2018, EELP entered into an agreement with a customer to lease the Excellence vessel with the vessel transferring ownership to the customer at the conclusion of the agreement for no additional consideration. Historically, EELP, as a lessor, had accounted for the Excellence vessel contract with our customer as a sales-type lease in the consolidated balance sheet in accordance with ASC 842, Leases. The Excellence vessel continues to be accounted for as a sales-type lease and thus did not result in an adjustment to property and equipment.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Accrued liabilities	9. Accrued liabilities As of June 30, 2023 and December 31, 2022, accrued liabilities consisted of the following (in thousands): June 30, 2023 December 31, 2022 Accrued vessel and cargo expenses $ 21,063 $ 17,571 Payroll and related liabilities 11,668 14,637 Accrued turnover taxes 4,407 8,091 Current portion of TRA liability 3,704 3,704 Other accrued liabilities 18,868 22,885 Accrued liabilities $ 59,710 $ 66,888

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2023
Debt Instruments [Abstract]
Long-term debt	10. Long-term debt The Company’s long-term debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Experience Vessel Financing $ 129,938 $ 136,119 2017 Bank Loans 78,896 83,640 EE Revolver — — Term Loan Facility 250,000 — Total debt 458,834 219,759 Less unamortized debt issuance costs ( 9,017 ) ( 5,450 ) Total debt, net 449,817 214,309 Less current portion, net ( 29,507 ) ( 20,913 ) Total long-term debt, net $ 420,310 $ 193,396 The following table shows the range of interest rates and weighted average interest rates incurred on our variable-rate debt obligations during the six months ended June 30, 2023. For the six months ended June 30, 2023 Range Weighted Average Experience Vessel Financing 8 % – 8.2 % 8.1 % 2017 Bank Loans 7 % – 9.8 % 8.7 % Term Loan Facility 7.8 % – 8.3 % 8.1 % Experience Vessel Financing In December 2016, we entered into a sale leaseback agreement with a third party to provide $ 247.5 million of financing for the Experience vessel (the “Experience Vessel Financing”). Due to our requirement to repurchase the vessel at the end of the term, the transaction was accounted for as a failed sale leaseback (a financing transaction). Under the Experience Vessel Financing agreement, the Company makes quarterly principal payments of $ 3.1 million and interest payments at the 3-month SOFR plus 3.4 % t hrough the loan’s maturity in December 2033. In the second quarter of 2023, we executed an amendment to convert the reference rate in the Experience Vessel Financing from LIBOR to the SOFR yield curve. Prior to the amendment, the Company made interest payments at the 3-month LIBOR plus 3.25 %. 2017 Bank Loans Under the Company's financing agreement for the Moheshkhali LNG terminal in Bangladesh (the “2017 Bank Loans”), the Company entered into two loan agreements with external banks. Under the first agreement, the Company borrowed $ 32.8 million, makes semi-annual payments and accrues interest at the 6-month LIBOR plus 2.42 % through the loan maturity date of October 15, 2029 . Under the second agreement, the Company borrowed $ 92.8 million, makes quarterly payments and accrues interest at the 3-month LIBOR plus 4.50 % thr ough the loan maturity date of October 15, 2029 . As of June 30, 2023, we have not entered into amendments to transition the 2017 Bank Loans from LIBOR to the SOFR yield curve. In April 2023, the Financial Conduct Authority of the United Kingdom announced its decision to require the publication of unrepresentative synthetic LIBOR rates. As such, the 2017 Bank Loans will continue to accrue interest based on the synthetic LIBOR rates until the 2017 Bank Loans are amended. Revolving Credit Facility and Term Loan Facility On April 18, 2022, EELP entered into a senior secured revolving credit agreement (“Credit Agreement”), by and among EELP, as borrower, Excelerate, as parent, the lenders party thereto, the issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent, pursuant to which the lenders and issuing banks thereunder made available a revolving credit facility (the “EE Revolver”), including a letter of credit sub-facility, to EELP . The EE Revolver enabled us to borrow up to $ 350 million over a three-year term originally set to expire in April 2025 . On March 17, 2023, EELP entered into an amended and restated senior secured credit agreement (“Amended Credit Agreement”), by and among EELP, as borrower, Excelerate, as parent, the lenders party thereto, the issuing banks party thereto and Wells Fargo Bank, N.A., as administrative agent. The Amended Credit Agreement provides for, among other things (i) a new $ 250 million term loan facility (the “Term Loan Facility” and, together with the EE Revolver, the “EE Facilities”), (ii) an extension of the maturity date of the EE Revolver, (iii) an increase in the maximum consolidated total leverage by 0.50x to 3.50x, provided that, if the aggregate value of all unsecured debt is equal to or greater than $ 250 million, maximum consolidated total leverage increases to 4.25x, and (iv) collateral vessel maintenance coverage to be not less than the greater of (a) $ 750 million and (b) 130 % of the sum of the total credit exposure under the Amended Credit Agreement. Proceeds from the Term Loan Facility were used for the acquisition of the FSRU Sequoia in April 2023. The EE Facilities mature in March 2027. Proceeds from the EE Revolver are intended to be used for letters of credit, working capital and other general corporate purposes. Borrowings under the EE Revolver bear interest at a per annum rate equal to the term SOFR reference rate for such period plus an applicable margin, which applicable margin is based on EELP’s consolidated total leverage ratio as defined and calculated under the Amended Credit Agreement. The unused portion of the EE Facilities is subject to an unused commitment fee calculated at a rate per annum ranging from 0.375 % to 0.50 % based on EELP’s consolidated total leverage ratio. The Amended Credit Agreement contains customary representations, warranties, covenants (affirmative and negative, including maximum consolidated total leverage ratio, minimum consolidated interest coverage ratio and collateral vessel maintenance coverage covenants), and events of default, the occurrence of which would permit the lenders to accelerate the maturity date of amounts borrowed under the EE Facilities. As of June 30, 2023, the Company had issued $ 80.9 million in letters of credit under the EE Revolver and was in compliance with the covenants under its debt facilities. As a result of the EE Revolver’s financial ratio covenants and after taking into account the outstanding letters of credit issued under the facility, all of the $ 269.1 million of undrawn capacity was available for additional borrowings as of June 30, 2023. Maturities Future principal payments on long-term debt outstanding as of June 30, 2023 are as follows (in thousands): Remainder of 2023 $ 11,077 2024 22,693 2025 23,435 2026 24,239 2027 275,081 Thereafter 102,309 Total debt, net $ 458,834

Long-term Debt - Related Party

Long-term Debt - Related Party	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-term debt - related party	11. Long-term debt – related party The Company’s related party long-term debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Exquisite Vessel Financing $ 184,348 $ 188,433 Less current portion ( 8,003 ) ( 7,661 ) Total long-term related party debt $ 176,345 $ 180,772 Exquisite Vessel Financing In June 2018, the Company entered into a sale leaseback agreement with Nakilat Excelerate LLC, its equity method investment (“Nakilat JV”), to provide $ 220.0 million of financing for the Exquisite vessel at 7.73 % (the “Exquisite Vessel Financing”). The agreement was recognized as a failed sale leaseback transaction and was treated as financing due to the Company’s lease of the vessel.

Equity

Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Equity	12. Equity Amended and Restated Limited Partnership Agreement Prior to the IPO, EE Holdings was the limited partner of EELP, with a 99 % ownership interest in EELP as of March 31, 2022. In connection with the IPO, EE Holdings amended and restated the limited partnership agreement of EELP (the “EELP Limited Partnership Agreement”) whereby all of the outstanding interests of EELP were recapitalized into Class B interests and EELP was authorized to issue Class A interests. Subject to certain limitations, the EELP Limited Partnership Agreement permits Class B interests to be exchanged for shares of Class A Common Stock on a one-for-one basis or, at Excelerate’s election, for cash. Also in connection with the IPO, Excelerate became the general partner of EELP. In May 2023, the EELP Limited Partnership Agreement was amended to clarify certain non-material administrative items. Excelerate Energy, LLC (“EELLC”) was the general partner of EELP prior to the IPO, with a 1 % ownership interest in EELP as of March 31, 2022. In connection with the IPO, EELLC distributed to EE Holdings all of its interest in EELP. EE Holdings then contributed to EELP all of its interests in EELLC. As anticipated, EELLC was dissolved in October 2022. Initial Public Offering In connection with the IPO, in exchange for $ 441.6 million in gross proceeds before deducting underwriting discounts and commissions of $ 25.4 million and IPO-related expenses of $ 7.6 million , EELP issued 2 6,254,167 Class A interests to Excelerate, representing approximately 24.2 % of the EELP interests, and 8 2,021,389 Class B interests to EE Holdings, representing approximately 75.8 % of the EELP interests. In connection with the closing of the IPO, the Company amended and restated its certificate of incorporation in its entirety to, among other things: (i) auth orize 300 million shares of Class A Common Stock; (ii) 150 million shares of Class B Common Stock, $ 0.001 par value per share (the “Class B Common Stock”); and (iii) 2 5 million shares of “blank check” preferred stock, $ 0.001 par value per share. As of June 30, 2023, there were 26,254,167 shares of Class A Common Stock and 82,021,389 shares of Class B Common Stock outstanding. Class A Common Stock The Class A Common Stock outstanding represents 100 % of the rights of the holders of all classes of our outstanding common stock to share in distributions from Excelerate , except for the right of Class B stockholders to receive the par value of the Class B Common Stock upon our liquidation, dissolution or winding up or an exchange of Class B interests of EELP. Class B Common Stock Following the completion of the IPO, EE Holdings, a company controlled directly and indirectly by Kaiser, holds all of the shares of our outstanding Class B Common Stock. The Class B Common Stock entitles the holder to one vote for each share of Class B Common Stock. Holders of shares of our Class B Common Stock vote together with holders of our Class A Common Stock as a single class on all matters on which stockholders are entitled to vote generally, except as otherwise provided in our amended and restated certificate of incorporation or required by law. As the only Class B stockholder following the completion of the IPO, EE Holdings has 75.8 % of the combined voting power of our common stock . The EELP Limited Partnership Agreement entitles partners (and certain permitted transferees thereof) to exchange their Class B interests for shares of Class A Common Stock on a one-for-one basis or, at our election, for cash. When a Class B interest is exchanged for a share of Class A Common Stock, the corresponding share of Class B Common Stock will automatically be canceled. The EELP Limited Partnership Agreement permits the Class B limited partners to exercise their exchange rights subject to certain timing and other conditions. When a Class B interest is surrendered for exchange, it will not be available for reissuance. EELP Distribution Rights The Company, as the general partner of EELP, has the right to determine when distributions will be made to holders of interests and the amount of any such distributions. If a distribution is authorized, such distribution will be made to the holders of Class A interests and Class B interests on a pro rata basis in accordance with the number of interests held by such holder. Dividends and Distributions During the six months ended June 30, 2023, EELP declared distributions to all interest holders, including Excelerate. Excelerate will use proceeds from the distribution to pay dividends to holders of Class A Common Stock. The following table details the distributions and dividends for the periods presented. Class B Interests Class A Common Stock Dividend and distribution for the quarter ended Date Paid or To Be Paid Distributions Paid or To Be Paid Total Dividends Declared Dividend Declared per Share (in thousands) June 30, 2023 September 7, 2023 $ 2,051 $ 667 $ 0.025 March 31, 2023 June 8, 2023 $ 2,051 $ 669 $ 0.025 December 31, 2022 April 27, 2023 $ 2,051 $ 663 $ 0.025 EELP has made or plans to make a corresponding distribution of $ 0.025 per interest to holders of Class B interests on the same dates as the dividend payments set forth in the table above. Albania Power Project In April 2022, Excelerate established an entity to provide a temporary power solution in Albania. Excelerate is a 90 % owner of the project and has receive d $ 2.6 million in cash contributions from the minority owner as of June 30, 2023 . The Albania Power Project is fully consolidated in our financial statements.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings per share	13. Earnings per share The following table presents the computation of earnings per share for the three and six months ended June 30, 2023 and the period from April 13 to June 30, 2022 (in thousands, except share and per share amounts): For the three months ended June 30, For the period from April 13 – June 30, For the six months ended June 30, For the period from April 13 – June 30, 2023 2022 2023 2022 Net income $ 29,556 $ ( 3,043 ) $ 60,295 $ ( 3,043 ) Less net income attributable to non-controlling interest 23,588 ( 831 ) 47,483 ( 831 ) Less net loss attributable to non-controlling interest – ENE Onshore — ( 181 ) — ( 181 ) Net income attributable to shareholders – basic and diluted $ 5,968 $ ( 2,031 ) $ 12,812 $ ( 2,031 ) Weighted average shares outstanding – basic 26,254,167 26,254,167 26,254,167 26,254,167 Dilutive effect of unvested restricted common stock 11,884 — 17,454 — Dilutive effect of unvested performance stock units 261 — 1,269 — Class B Common Stock converted to Class A Common Stock — — — — Weighted average shares outstanding – diluted 26,266,312 26,254,167 26,272,890 26,254,167 Earnings per share Basic $ 0.23 $ ( 0.08 ) $ 0.49 $ ( 0.08 ) Diluted $ 0.23 $ ( 0.08 ) $ 0.49 $ ( 0.08 ) The following table presents the common stock shares equivalents excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2023 and the period from April 13 to June 30, 2022, as they would have had an antidilutive effect: For the three months ended June 30, For the period from April 13 – June 30, For the six months ended June 30, For the period from April 13 – June 30, 2023 2022 2023 2022 Stock options — 338,935 — 338,935 Restricted common stock 404 20,832 508 20,832 Performance stock units 1,156 — — — Class B Common Stock 82,021,389 82,021,389 82,021,389 82,021,389

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	14. Leases Lessee arrangements Finance leases Certain enforceable vessel charters and pipeline capacity agreements are classified as finance leases, and the right-of-use assets are included in property and equipment. Lease obligations are recognized based on the rate implicit in the lease or the Company’s incremental borrowing rate at lease commencement. As of June 30, 2023, the Company was a lessee in finance lease arrangements on one pipeline capacity agreement and one tu gboat. The pipeline capacity agreement and tugboat lease were determined to be finance leases as their terms represent the majority of the economic life of their respective assets. In connection with the IPO, EELP purchased two vessels previously leased and accounted for as related party finance leases. In 2018, EELP entered into an agreement with a customer to lease the Excellence vessel with the vessel transferring ownership to the customer at the conclusion of the agreement for no additional consideration. EELP, as a lessor, accounts for the Excellence vessel contract with our customer as a sales-type lease in the consolidated balance sheet in accordance with ASC 842. For more information regarding the purchase of the vessels, see Note 8 – Property and equipment. Finance lease liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, 2023 December 31, 2022 External leases: Finance lease liabilities $ 221,684 $ 231,158 Less current portion of finance lease liabilities ( 21,408 ) ( 20,804 ) Finance lease liabilities, long-term $ 200,276 $ 210,354 Operating leases As of June 30, 2023, the Company was a lessee in a terminal use lease, which is accounted for as an operating lease. Additionally, the Company has operating leases for offices in various locations in which operations are performed. Such leases will often include options to extend the lease and the Company will include option periods that, on commencement date, it is reasonably certain the Company will exercise. Variable lease costs relate to certain lease agreements, which include payments that vary for items such as inflation adjustments, or common area charges. Variable lease costs that are not dependent on an index are excluded from the lease payments that comprise the operating lease liability and are expensed in the period in which they are incurred. None of the Company's operating leases contain any residual value guarantees. In March 2023, Excelerate exercised its option to purchase the FSRU Sequoia and the purchase was executed in April 2023. As of December 31, 2022, Sequoia was recorded as an operating lease. See Note 8 – Property and equipment for further information about the purchase. A maturity analysis of the Company’s operating and finance lease liabilities (excluding short-term leases) at June 30, 2023 is as follows (in thousands): Year Operating Finance Remainder of 2023 $ 5,482 $ 16,618 2024 1,818 33,248 2025 1,515 33,235 2026 937 33,235 2027 911 33,235 Thereafter 1,335 141,120 Total lease payments $ 11,998 $ 290,691 Less: imputed interest ( 700 ) ( 69,007 ) Carrying value of lease liabilities 11,298 221,684 Less: current portion ( 5,982 ) ( 21,408 ) Carrying value of long-term lease liabilities $ 5,316 $ 200,276 As of June 30, 2023, the Company’s weighted average remaining lease term for operating and finance leases was 3.1 years and 9.6 years, respectively, with a weighted average discount rate of 5.5 % and 6.3 % , respectively. As of December 31, 2022, the Company’s weighted average remaining lease term for operating and finance leases was 2.6 years and 10.1 years, respectively, with a weighted average discount rate of 5.9 % and 6.3 % , respectively. The Company's total lease costs for the three and six months ended June 30, 2023 and 2022 recognized in the consolidated statements of income consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Amortization of finance lease right-of-use assets – related party $ — $ — $ — $ 1,226 Amortization of finance lease right-of-use assets – external 1,166 653 2,183 1,305 Interest on finance lease liabilities – related party — — — 7,006 Interest on finance lease liabilities – external 4,188 3,836 8,273 7,755 Operating lease expense 2,388 9,392 10,842 18,867 Short-term lease expense 91 219 265 606 Total lease costs $ 7,833 $ 14,100 $ 21,563 $ 36,765 Other information related to leases for the three and six months ended June 30, 2023 and 2022 are as follows (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Operating cash flows for finance leases $ 4,188 $ 3,836 $ 8,273 $ 7,755 Operating cash flows for finance leases – related party — — — 7,006 Financing cash flow for finance leases 5,455 5,460 10,752 10,805 Financing cash flow for finance leases – related party — — — 2,912 Operating cash flows for operating leases 2,863 9,238 11,177 18,075 Right-of-use assets obtained in exchange for new operating lease liabilities — 937 — 1,156

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	15. Revenue The following table presents the Company’s revenue for t he three and six months ended June 30, 2023 and 2022 (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Revenue from leases $ 86,307 $ 81,895 $ 167,855 $ 155,957 Revenue from contracts with customers Time charter, regasification and other services 39,155 28,177 76,184 51,707 Gas sales 306,910 512,857 399,389 1,006,938 Total revenue $ 432,372 $ 622,929 $ 643,428 $ 1,214,602 Lease revenue The Company’s time charter contracts are accounted for as operating or sales-type leases. The Company's revenue from leases is presented within revenues in the consolidated statements of income and for the three and six months ended June 30, 2023 and 2022 consists of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Operating lease income $ 68,025 $ 63,027 $ 131,335 $ 118,301 Sales-type lease income 18,282 18,868 36,520 37,656 Total revenue from leases $ 86,307 $ 81,895 $ 167,855 $ 155,957 Sales-type leases Sales-type lease income is interest income that is presented within lease revenues on the consolidated statements of income. The Company le ased two vessels and a te rminal under sales-type leases as it is reasonably certain that the ownership of these assets will transfer to the customer at the end of the term. For the three and six months ended June 30, 2023, the Company recorded lease income from the net investment in the leases within revenue from lease contracts of $ 18.3 million and $ 36.5 million , respectively, compared to $ 18.9 million and $ 37.7 million for the three and six months ended June 30, 2022, respectively. Operating leases Revenue from time charter contracts accounted for as operating leases is recognized by the Company on a straight-line basis over the term of the contract. As of June 30, 2023, the Company is the lessor to time charter agreements with customers on seven o f its vessels. The following represents the amount of property and equipment that is leased to customers as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Property and equipment $ 2,182,087 $ 2,034,183 Accumulated depreciation ( 900,106 ) ( 823,942 ) Property and equipment, net $ 1,281,981 $ 1,210,241 The future minimum revenues presented in the table below should not be construed to reflect total charter hire revenues for any of the years presented. Minimum future revenues included below are based on the fixed components and do not include variable or contingent revenue. Additionally, revenue generated from short-term charters are not included as the duration of the contracts are less than a year. As of June 30, 2023, the minimum contractual future revenues to be received under the time charters during the next five years and thereafter are as follows (in thousands): Year Sales-type Operating Remainder of 2023 $ 36,049 $ 136,851 2024 84,295 269,944 2025 87,612 210,545 2026 87,612 213,730 2027 87,612 224,227 Thereafter 492,354 702,050 Total undiscounted $ 875,534 $ 1,757,347 Less: imputed interest ( 469,547 ) Net investment in sales-type leases 405,987 Less: current portion ( 13,980 ) Non-current net investment in sales-type leases $ 392,007 Revenue from contracts with customers The following tables show disaggregated revenues from customers attributable to the country in which the revenues were derived (in thousands). Revenues from external customers are attributed to the country in which the party to the applicable agreement has its principal place of business. For the three months ended June 30, 2023 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 13,051 $ 2,076 $ 225,977 $ 241,104 Bangladesh 18,003 10,422 80,933 109,358 UAE 17,700 5,882 — 23,582 United States — 1,212 — 1,212 Argentina 16,748 13,772 — 30,520 Pakistan 11,002 2,993 — 13,995 Germany 248 — — 248 Finland 9,555 2,769 — 12,324 Other — 29 — 29 Total revenue $ 86,307 $ 39,155 $ 306,910 $ 432,372 For the three months ended June 30, 2022 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 13,051 $ 1,873 $ 512,857 $ 527,781 Bangladesh 18,626 9,453 — 28,079 UAE 16,253 5,380 — 21,633 United States — 1,259 — 1,259 Argentina 13,391 5,870 — 19,261 Pakistan 11,003 2,853 — 13,856 Israel 9,571 1,459 — 11,030 Other — 30 — 30 Total revenue $ 81,895 $ 28,177 $ 512,857 $ 622,929 For the six months ended June 30, 2023 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 25,958 $ 4,031 $ 296,230 $ 326,219 Bangladesh 35,993 21,089 80,933 138,015 UAE 34,541 11,452 — 45,993 United States — 6,080 — 6,080 Argentina 26,123 19,590 — 45,713 Pakistan 21,884 5,807 — 27,691 Germany 4,351 2,650 — 7,001 Finland 19,005 5,400 22,226 46,631 Other — 85 — 85 Total revenue $ 167,855 $ 76,184 $ 399,389 $ 643,428 For the six months ended June 30, 2022 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 25,958 $ 3,534 $ 932,839 $ 962,331 Bangladesh 37,414 18,728 — 56,142 UAE 28,991 8,262 — 37,253 United States — 2,358 74,099 76,457 Argentina 22,766 10,022 — 32,788 Pakistan 21,885 5,337 — 27,222 Israel 18,943 3,113 — 22,056 Other — 353 — 353 Total revenue $ 155,957 $ 51,707 $ 1,006,938 $ 1,214,602 Assets and liabilities related to contracts with customers Under most gas sales contracts, invoicing occurs once the Company’s performance obligations have been satisfied, at which point payment is unconditional. Invoicing timing for time charter party (“TCP”), regas and other services varies and occurs according to the contract. As of June 30, 2023, and December 31, 2022, receivables from contracts with customers associated with revenue from services was $ 118.0 million and $ 14.9 million , respectively. These amounts are presented within accounts receivable, net on the consolidated balance sheets. In addition, revenue for services recognized in excess of the invoiced amounts, or accrued revenue, outstanding at June 30, 2023 and December 31, 2022, was $ 4.8 million and $ 5.3 million , respectively. Accrued revenue represents current contract assets that will turn into accounts receivable within the next 12 months and be collected during the Company’s normal business operating cycle. Accrued revenue is presented in accounts receivable, net on the consolidated balance sheets. Other items included in accounts receivable, net represent receivables associated with leases, which are accounted for in accordance with the leasing standard. There were no write downs of trade receivables for lease or time charter services or contract assets for the six months ended June 30, 2023 and 2022. Contract liabilities from advance payments in excess of revenue recognized from services as of June 30, 2023 and December 31, 2022 were $ 1.4 million and $ 134.3 million , respectively. If the performance obligations are expected to be satisfied during the next 12 months, and the contract liabilities are classified within current portion of deferred revenue on the consolidated balance sheets. Amounts to be recognized in revenue after 12 months are recorded in long-term deferred revenue. The remaining portion of current deferred revenue relates to the lease component of the Company’s time charter contracts, which are accounted for in accordance with the leasing standard. Noncurrent deferred revenue presented in other long-term liabilities on the consolidated balance sheets represents payments allocated to the Company’s performance obligation for drydocking services within time charter contracts in which the lease component is accounted for as a sales-type lease. Revenue will be recognized once the performance obligation is complete and occurs every five years . The following table reflects the changes in our contract liabilities related to long-term contracts with customers as of June 30, 2023 (in thousands): For the six months ended June 30, 2023 Deferred revenues, beginning of period $ 177,754 Cash received but not yet recognized 24,789 Revenue recognized from prior period deferral ( 145,564 ) Deferred revenues, end of period $ 56,979 Some of the Company’s contracts are short-term in nature with a contract term of less than a year. The Company applied the optional exemption not to report any unfulfilled performance obligations related to these contracts. The Company has long-term arrangements with customers in which the Company provides regasification and other services as part of time charter party contracts. The price under these agreements is typically stated in the contracts. The fixed transaction price allocated to the remaining performance obligations under these arrangements is $ 868.7 million as of June 30, 2023 . The Company expects to recognize revenue from contracts exceeding one year over the following time periods (in thousands): Remainder of 2023 $ 61,673 2024 107,200 2025 88,557 2026 87,652 2027 90,030 Thereafter 433,627 $ 868,739

Long-term Incentive Compensatio

Long-term Incentive Compensation	6 Months Ended
	Jun. 30, 2023
Compensation Related Costs [Abstract]
Long-term Incentive Compensation	16. Long-Term Incentive Compensation In April 2022, Excelerate adopted the Excelerate Long-Term Incentive Plan (the “LTI Plan”). The LTI Plan was adopted to promote and closely align the interests of Excelerate's employees, officers, non-employee directors and other service providers and its stockholders by providing stock-based compensation and other performance-based compensation. The LTI Plan allows for the initial grant of up to 10.8 million shares, stock options, stock appreciation rights, alone or in conjunction with other awards; restricted stock and restricted stock units, including performance vested units; incentive bonuses, which may be paid in cash, stock or a combination thereof; and other stock-based awards. The share pool will be increased on January 1st of each calendar year beginning in 2023 by a number of shares equal to 4% of the outstanding shares of Class A Common Stock on the preceding December 31st. The LTI Plan is administered by the Compensation Committee of the Company’s board of directors. The Company’s stock option and restricted stock unit awards both qualify as equity awards and are amortized into “Selling, general and administrative expense” and “Cost of revenue and vessel operating expenses” on the Consolidated Statements of Income on a straight-line basis. Stock options were granted to certain employees of Excelerate and vest over five years and expire ten years from the date of grant. The Company also issued restricted stock units to directors and certain employees that vest ratably over either one or three years . In 2023, the Company issued performance units to certain employees that cliff vest in three years . The performance units contain both a market condition related to Excelerate’s relative Total Shareholder Return as compared to its peer group and a performance condition related to the Company’s EBITDA. For the three and six months ended June 30, 2023 and 2022 , the Company r ecognized long-term incentive compensation expense for both its stock options and restricted stock unit awards as shown below (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Stock-based compensation expense $ 1,074 $ 270 $ 1,431 $ 270 Stock options The following table summarizes stock option activity for th e six months ended June 30, 2023 and provides information for outstanding and exercisable options as of June 30, 2023: Number of Options Weighted Average Exercise Price (per share) Outstanding at January 1, 2023 323,023 $ 24.00 Granted — — Exercised — — Forfeited or expired ( 4,338 ) 24.00 Outstanding at June 30, 2023 318,685 $ 24.00 Exercisable at June 30, 2023 64,581 $ 24.00 As of June 30, 2023, the Company had $ 3.2 million in unrecognized compensation costs related to its stock options that it expects to recognize over a weighted average period of 3.8 years. Restricted stock unit awards The following table summarizes restricted stock unit activity for th e six months ended June 30, 2023 and provides information for unvested shares as of June 30, 2023: Number of Shares Weighted Average Fair Value (per share) Unvested at January 1, 2023 37,754 $ 23.61 Granted 264,801 21.61 Vested — — Forfeited ( 1,388 ) 21.62 Unvested at June 30, 2023 301,167 $ 21.86 As of June 30, 2023 the Company had $ 5.5 million in unrecognized compensation costs related to its restricted stock unit awards that it expects to recognize over a weighted average period of 2.5 years. Performance units The performance units entitle the holder to between zero and two shares of the Company’s Class A Common Stock based on results as compared to performance and market conditions. The performance condition relates to the Company’s EBITDA and the market condition relates to Excelerate’s relative Total Shareholder Return as compared to its peer group. Changes in the Company’s expected EBITDA performance as compared to award metrics will be recorded to the consolidated statement of income over the vesting period. The fair value of the Company’s performance units is calculated based on a Monte Carlo simulation of the grant’s market condition, which requires management to make assumptions regarding the risk-free interest rates, expected dividend yields and the expected volatility of the Company’s stock calculated based on a period of time generally commensurate with the expected term of the award. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on the median of the historical volatility of the companies that comprise the Vanguard Energy ETF market index as of January 1, 2023 over the expected life of the granted units. The Company uses estimates of forfeitures to estimate the expected term of the units grants. The reversal of any expense due to forfeitures is accounted for as they occur. 2023 Risk-free interest rate 3.9 % Expected volatility 58.0 % Expected term 2.76 years The following table summarizes performance unit activity for the six months ended June 30, 2023 and provides information for unvested performance units (reflected at target performance) as of June 30, 2023: Number of Units Weighted Average Fair Value (per unit) Unvested at January 1, 2023 — $ — Granted 84,699 28.16 Vested — — Forfeited — — Unvested at June 30, 2023 84,699 $ 28.16 As of June 30, 2023, the Company had $ 2.2 million in unrecognized compensation costs related to its performance units that it expects to recognize over a weighted average period of 2.6 years.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income taxes	17. Income taxes In computing the provision for income taxes for interim periods, the Company estimates the annual effective tax rate for the full year, which is then applied to the actual year-to-date ordinary income (loss) and reflects the tax effects of discrete items in its provision for income taxes as they occur. The provision for income taxes for the three months ended June 30, 2023 and 2022 was $ 9.7 million and $ 7.8 million , respectively. The provision for income taxes for the six months ended June 30, 2023 and 2022 was $ 17.3 million and $ 11.5 million , respectively. The increase was primarily attributable to the year-over-year change in the amount and geographical distribution of income. The effective tax rate for the three months ended June 30, 2023 and 2022 was 24.7 % and 204.7 % , respectively. The effective tax rate for the six months ended June 30, 2023 and 2022 was 22.3 % and 56.5 % , respectively. The decreases are a result of unusual, one-time items which existed in the prior periods. The prior period effective tax rates were increased by the reduction of income before tax due to the loss on early extinguishment of the lease liability on acquisition of the Excellence vessel without a corresponding tax benefit. Additionally, the decrease was driven by the geographical distribution of income and the varying tax regimes of jurisdictions. Excelerate is a corporation for U.S. federal and state income tax purposes. Excelerate’s accounting predecessor, EELP, is treated as a pass-through entity for U.S. federal income tax purposes and, as such, has generally not been subject to U.S. federal income tax at the entity level. Accordingly, unless otherwise specified, our historical results of operations prior to the IPO do not include any provision for U.S. federal income tax for EELP. The Company has international operations that are also subject to foreign income tax and U.S. corporate subsidiaries subject to U.S. federal tax. Therefore, our effective income tax rate is dependent on many factors, including the Company’s geographical distribution of income, a rate benefit attributable to the portion of the Company’s earnings not subject to corporate level taxes, and the impact of nondeductible items and foreign exchange impacts as well as varying tax regimes of jurisdictions. In one jurisdiction, the Company’s tax rate is significantly less than the applicable statutory rate as a result of a tax holiday that was granted. This tax holiday will expire in 2033 at the same time that our contract and revenue with our customer ends.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related party transactions	18. Related party transactions The Company had one debt instrument with related parties as of June 30, 2023. For details on this debt instrument, see Note 11 – Long-term debt – related party. Prior to the ENE Onshore Merger, ENE Onshore and KFMC (as defined herein) were party to the KFMC-ENE Onshore Note (as defined herein) that was settled in full in connection with the merger. Prior to the IPO, EELP, certain of its subsidiaries and other affiliates of Kaiser were guarantors to the Kaiser Credit Line (as defined herein). Kaiser has, over time, donated significant amounts of money to the Foundation. The Foundation has an independent board and Kaiser does not exert control over or have ownership in the Foundation. However, several of Kaiser’s close family members are on the board of directors of the Foundation and for the purposes of these accounts, where transactions with the Foundation occur, they are reported as related party transactions. As of June 30, 2023 and December 31, 2022, the Company had no outstanding balance with the Foundation. Interest expense in related party finance leases for the three and six months ended June 30, 2022 amounted to $ 7.0 million and $ 14.7 million , respectively. As part of the vessel management agreements, EELP provided bookkeeping and other back office administrative services for the Foundation Vessels. EELP purchased the Foundation Vessels from an affiliate of the Foundation in connection with the IPO. For further details on this purchase, see Note 8 – Property and equipment. The following transactions with related parties are included in the accompanying consolidated statements of income (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Management fees and other expenses with Kaiser $ 65 $ 271 $ 1,091 $ 1,019 The following balances with related parties are included in the accompanying consolidated balance sheets (in thousands): June 30, 2023 December 31, 2022 Amounts due from related parties $ 443 $ 2,595 Amounts due to related parties $ 132 $ 2,054 Prepaid expenses – related party $ 2,098 $ 2,205 EELP and certain of its subsidiaries and affiliates entered into certain transactions with Kaiser and affiliates of Kaiser as described below. Prior to the IPO, as credit support for LNG cargo purchases, Kaiser obtained letters of credit under the Kaiser Credit Line on behalf of Excelerate Gas Marketing Limited Partnership, a subsidiary of EELP, in favor of LNG suppliers. For the six months ended June 30, 2022, letters of credit of approximately $ 27.3 million were issued. In connection with the IP O, the credit support previously provided for LNG cargo purchases under the Kaiser Credit Line has been replaced by letters of credit obtained under the EE Revolver. In September 2021, as part of an anticipated reorganization in connection with the IPO, certain entities under common control of Kaiser were contributed to EELP (the “Northeast Gateway Contribution”). These entities include Excelerate New England GP, LLC, Northeast Gateway Energy Bridge, LP and Excelerate New England Lateral, LLC (“ENE Lateral” and, together with Excelerate New England GP, LLC and Northeast Gateway Energy Bridge, LP, the “Northeast Companies”). Since the Northeast Gateway Contribution is considered a transaction with entities under common control, EELP accounted for the Northeast Companies’ assets and liabilities received at their parent carrying values and retroactively reflected them in the Company’s consolidated financial statements as of the earliest period presented. Prior to the Northeast Gateway Contribution, Kaiser issued a guarantee dated September 11, 2013 (and reaffirmed on December 1, 2015) in favor of Algonquin Gas Transmission, LLC (“AGT”) and Maritimes & Northeast Pipeline, L.L.C. (each a wholly owned subsidiary of Enbridge, Inc.), in respect of all payment obligations owed by ENE Onshore and Excelerate New England Lateral, LLC (“ENE Lateral”) (the “AGT Guarantee”). In addition, Kaiser obtained a letter of credit on behalf of ENE Onshore and ENE Lateral (the “AGT LOC”). As of June 30, 2023 , there were no amounts remaining available for drawing under the AGT LOC. In connection with the Northeast Gateway Contribution, EELP agreed to (i) indemnify Kaiser in respect of Kaiser’s obligations related to ENE Lateral under the AGT Guarantee and AGT LOC, (ii) pay an annual fee in the amount of $ 1.2 million (pro-rated based on the number of days such guarantee remains outstanding in any year (beginning September 17, 2021)) to Kaiser to maintain such AGT Guarantee and (iii) reimburse Kaiser for any fees actually incurred under the AGT LOC (the “Kaiser AGT Indemnity Agreement”). Effective October 20, 2022 and in connection with the ENE Onshore Merger, the Kaiser AGT Indemnity Agreement and the AGT Guarantee were terminated and EELP issued a new guarantee in respect of all payment obligations owed by ENE Lateral to AGT. A final pro-rated payment of $ 1.0 million was made by EELP to Kaiser in February 2023 in respect of Kaiser maintaining the AGT Guarantee through the Merger. Also in connection with the Northeast Gateway Contribution during September 2021, EE Holdings made a $ 57.2 million contribution to the Company to allow it to repay the remaining amount owed on a promissory note between ENE Lateral and KFMC . During September 2021, EE Holdings also made a $ 16.5 million contribution in the form of a Note Receivable from Kaiser (the “Kaiser Note Receivable”) to provide for funding of certain amounts expected to be paid in the next twelve months, which was repaid in full in February 2022. In November 2018, the Company entered into a promissory note (the “KFMC Note”) with Kaiser-Francis Management Company, L.L.C. (“KFMC”), an affiliate of Kaiser, as lender. The KFMC Note allowed EELP to draw funds up to $ 250 million through December 31, 2023 at LIBOR plus 1.55 %. Upon consummation of the IPO, the KFMC Note was replaced by the EE Revolver. In November 2021, KFMC and ENE Onshore entered into a note (the “KFMC-ENE Onshore Note”) with a maximum commitment of $ 25 million. The KFMC-ENE Onshore Note was settled in full and canceled in connection with the ENE Onshore Merger. ENE Onshore Merger I n October 2022, EE Holdings, the indirect sole member of ENE Onshore, and EELP, the sole member of ENE Lateral, entered into the ENE Onshore Merger, effective October 31, 2022. ENE Lateral was the surviving entity and ENE Onshore ceased to exist as a separate entity. Prior to the ENE Onshore Merger, Excelerate consolidated ENE Onshore as a VIE as Excelerate was determined to be the primary beneficiary of ENE Onshore. As a result of the ENE Onshore Merger, Excelerate ceased to have a non-controlling interest related to ENE Onshore. In connection with the ENE Onshore Merger, ENE Onshore entered into a Contribution and Note Termination Agreement, pursuant to which ENE Onshore received an equity contribution sufficient to allow it to remit payment to (a) KFMC of the then-outstanding KFMC-ENE Onshore Note and (b) AGT of amounts owed for October 2022 net capacity payments. Subsequently, the KFMC-ENE Onshore Note was terminated. After the contribution, on October 31, 2022, ENE Onshore had no material net assets or liabilities. See the consolidated statements of changes in equity for the full effects of the ENE Onshore Merger.

Concentration Risk

Concentration Risk	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Concentration risk	19. Concentration risk The Company is subject to concentrations of credit risk principally from cash and cash equivalents, restricted cash, derivative financial instruments, and accounts receivable. The Company limits the exposure to credit risk with cash and cash equivalents and restricted cash by placing it with highly rated financial institutions. Additionally, the Company evaluates the counterparty risk of potential customers based on credit evaluations, including analysis of the counterparty’s established credit rating or assessment of the counterparty’s creditworthiness based on an analysis of financial condition when a credit rating is not available, historical experience, and other factors. To manage credit risk associated with the interest rate hedges, the Company selected counterparties based on their credit ratings and limits the exposure to any single counterparty. The counterparties to the derivative contracts are major financial institutions with investment grade credit ratings. The Company periodically monitors the credit risk of the counterparties and adjusts the hedging position as appropriate. The impact of credit risk, as well as the ability of each party to fulfill its obligations under the derivative financial instruments, is considered in determining the fair value of the contracts. Credit risk has not had a significant effect on the fair value of the derivative instruments. The Company does not have any credit risk-related contingent features or collateral requirements associated with the derivative contracts. The following table shows customers with revenues of 10 % or greater of total revenues: Six months ended June 30, 2023 2022 Customer A 49 % 78 % Customer B 19 % 3 % Certain customers of ours may purchase a high volume of LNG and/or natural gas from us. These purchases can significantly increase such customers’ percentage of our total revenues as compared to those customers who are only FSRU and terminal service customers. This increase in revenue from their purchases is exacerbated in periods of high market pricing of LNG and natural gas. In conjunction with these LNG and natural gas sales, our direct cost of gas sales also increases by a similar percent due to the increase in volume and market pricing of LNG incurred for such revenue. As such, the increase in revenues by customer may be disproportionate to the relative increase in concentration risk within our operations. Substantially all of the net book value of our long-lived assets are located outside the United States. The Company’s fixed assets are largely comprised of vessels that can be deployed globally due to their mobile nature. As such, the Company is not subject to significant concentration risk of fixed assets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	20. Commitments and contingencies The Company may be involved in legal actions in the ordinary course of business, including governmental and administrative investigations, inquiries and proceedings concerning employment, labor, environmental and other claims. The Company will recognize a loss contingency in the consolidated financial statements when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company will disclose any loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until realized. Venture Global SPA In February 2023, we executed a 20-year LNG sales and purchase agreement with Venture Global LNG (the “Venture Global SPA”). Under the Venture Global SPA, Excelerate will purchase 0.7 million tonnes (“MT”) per annum of LNG on a FOB basis from the Plaquemines LNG facility in Plaquemines Parish, Louisiana. Our purchase commitment will be based on the final settlement price of monthly Henry Hub natural gas futures contracts plus a contractual spread. Using Henry Hub natural gas futures pricing as of June 30, 2023, our average annual commitment is estimated to be approximately $ 250 million . The start of this commitment, however, is dependent on the LNG facility becoming operational, which is not expected in the next twelve months.

Supplemental Noncash Disclosure

Supplemental Noncash Disclosures for Consolidated Statement of Cash Flows	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental noncash disclosures for consolidated statement of cash flows	21. Supplemental noncash disclosures for consolidated statement of cash flows Supplemental noncash disclosures for the consolidated statement of cash flows consist of the following (in thousands): Six months ended June 30, 2023 2022 Supplemental cash flow information: Cash paid for taxes $ 12,790 $ 14,767 Cash paid for interest 28,846 31,183 Right-of-use assets obtained in exchange for lease obligations — 1,156 Increase (decrease) in capital expenditures included in accounts payable ( 7,145 ) 9,602 Vessel acquisition — 188,500 The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 462,001 $ 516,659 Restricted cash – current 2,638 2,614 Restricted cash – non-current 19,482 18,698 Cash, cash equivalents, and restricted cash $ 484,121 $ 537,971

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	6 Months Ended
	Jun. 30, 2023
AOCI Attributable to Parent [Abstract]
Accumulated other comprehensive income (loss)	22. Accumulated other comprehensive income (loss) Changes in components of accumulated other comprehensive income (loss) were (in thousands): Cumulative Qualifying Share of OCI in Total At January 1, 2023 $ ( 524 ) $ 551 $ 488 $ 515 Other comprehensive income (loss) ( 420 ) 389 ( 321 ) ( 352 ) Reclassification to income — ( 497 ) ( 416 ) ( 913 ) Reclassification to NCI 318 81 559 958 At March 31, 2023 $ ( 626 ) $ 524 $ 310 $ 208 Other comprehensive income 101 4,194 895 5,190 Reclassification to income 214 ( 678 ) ( 391 ) ( 855 ) Reclassification to NCI ( 239 ) ( 2,665 ) ( 382 ) ( 3,286 ) At June 30, 2023 $ ( 550 ) $ 1,375 $ 432 $ 1,257 At January 1, 2022 $ ( 2,167 ) $ ( 3,702 ) $ ( 3,309 ) $ ( 9,178 ) Other comprehensive income — 2,958 492 3,450 Reclassification to income — 86 1,922 2,008 At March 31, 2022 $ ( 2,167 ) $ ( 658 ) $ ( 895 ) $ ( 3,720 ) Other comprehensive income — 806 1,325 2,131 Reclassification to income — 444 ( 532 ) ( 88 ) Reclassification to NCI 1,643 ( 322 ) 157 1,478 At June 30, 2022 $ ( 524 ) $ 270 $ 55 $ ( 199 )

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent events	23. Subsequent events Dividend Declaration On August 3, 2023 , the Company announced that our Board of Directors declared a cash dividend, with respect to the quarter ended June 30, 2023, of $ 0.025 per share of Class A Common Stock. The dividend is payable on September 7, 2023 , to Class A Common Stockholders of record as of the close of business on August 23, 2023 . EELP will make a corresponding distribution of $ 0.025 per interest to holde rs of Class B interests on the same date of the dividend payment.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Recent accounting pronouncements	Recent accounting pronouncements Accounting standards recently issued but not yet adopted In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU 2021-01, “Reference Rate Reform (Topic 848) – Scope” (“ASU 2021-01”), which permits entities to apply optional expedients in Topic 848 to derivative instruments modified because of discounting transition resulting from reference rate reform. ASU 2020-04 became effective upon issuance and may be applied prospectively to contract modifications made on or before December 31, 2022. ASU 2021-01 became effective upon issuance and may be applied on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively for contract modifications made on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848” (“ASU 2022-06”), which extended the effective date of the original guidance to December 31, 2024. During the second quarter of 2023, the Company began transitioning its contracts that referenced LIBOR, as described in Note 10 – Long-term debt. As of June 30, 2023, the Company has other contracts which continue to reference LIBOR. As part of amending our hedging arrangements, we plan to apply the ASU 2021-01 practical expedient. Our adoption of this standard has not had a material impact on our Consolidated Financial Statements and is not expected to for the remaining contracts that are still to be amended.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities of fair value	The following table presents the Company’s financial assets and liabilities by level within the fair value hierarchy that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Financial assets Derivative financial instruments Level 2 $ 5,823 $ 2,444 Financial liabilities Derivative financial instruments Level 2 $ ( 789 ) $ ( 630 )

Accounts receivable (Tables)

Accounts receivable (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of accounts receivable, net	As of June 30, 2023 and December 31, 2022, accounts receivable, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Trade receivables $ 140,929 $ 74,980 Accrued revenue 4,792 5,307 Amounts receivable from related party 443 2,595 Allowance for doubtful accounts ( 556 ) ( 593 ) Accounts receivable, net $ 145,608 $ 82,289

Derivative financial instrume_2

Derivative financial instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the notional values related to the Company’s derivative instruments outstanding at June 30, 2023 (in thousands): June 30, 2023 Interest rate swaps (1) $ 310,721 (1) Number of open positions and gross notional values do not measure the Company’s risk of loss, quantify risk or represent assets or liabilities of the Company. Instead, they indicate the relative size of the derivative instruments and are used in the calculation of the amounts to be exchanged between counterparties upon settlements.
Schedule of fair value of the Company's derivative instruments designated as hedging instruments	The following table presents the fair value of each classification of the Company’s derivative instruments designated as hedging instruments as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Cash flow hedges Current assets $ 4,668 $ 1,211 Non-current assets 1,155 1,233 Current liabilities ( 191 ) ( 630 ) Non-current liabilities ( 598 ) — Net derivative assets $ 5,034 $ 1,814
Schedule of gains and losses from the Company's derivative instruments designated in a cash flow hedging	The following table presents the gains and losses from the Company’s derivative instruments designated in a cash flow hedging relationship recognized in the consolidated statements of income and comprehensive income for the three and six months ended June 30, 2023 and 2022 (in thousands): Derivatives Designated in Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Interest rate swaps $ 4,194 $ 806 $ 4,583 $ 3,764 Derivatives Designated in Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Interest rate swaps Interest expense $ 678 $ ( 444 ) $ 1,175 $ ( 530 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	As of June 30, 2023 and December 31, 2022, inventories consisted of the following (in thousands): June 30, 2023 December 31, 2022 LNG $ 25,447 $ 171,578 Bunker fuel 2,625 2,025 Inventories $ 28,072 $ 173,603

Other current assets (Tables)

Other current assets (Tables)	6 Months Ended
	Jun. 30, 2023
Other Assets, Current [Abstract]
Schedule of Other current assets	As of June 30, 2023 and December 31, 2022, other current assets consisted of the following (in thousands): June 30, 2023 December 31, 2022 Prepaid expenses $ 15,133 $ 18,635 Prepaid expenses – related party 2,098 2,205 Tax receivables 11,963 10,594 Other receivables 7,435 3,592 Other current assets $ 36,629 $ 35,026

Property and equipment (Tables)

Property and equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and equipment	As of June 30, 2023 and December 31, 2022, the Company’s property and equipment, net consisted of the following (in thousands): June 30, 2023 December 31, 2022 Vessels $ 2,500,062 $ 2,225,123 Buoy and pipeline 15,568 17,130 Finance lease right-of-use assets 40,007 40,007 Other equipment 17,392 17,469 Assets in progress 83,109 77,983 Less accumulated depreciation ( 970,433 ) ( 922,029 ) Property and equipment, net $ 1,685,705 $ 1,455,683 Depreciation expense for the three months ended June 30, 2023 and 2022 was $ 29.9 million and $ 23.5 million , respectively.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule Of Accrued Liabilities	As of June 30, 2023 and December 31, 2022, accrued liabilities consisted of the following (in thousands): June 30, 2023 December 31, 2022 Accrued vessel and cargo expenses $ 21,063 $ 17,571 Payroll and related liabilities 11,668 14,637 Accrued turnover taxes 4,407 8,091 Current portion of TRA liability 3,704 3,704 Other accrued liabilities 18,868 22,885 Accrued liabilities $ 59,710 $ 66,888

Long-term debt (Tables)

Long-term debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Instruments [Abstract]
Schedule of long term debt	The Company’s long-term debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Experience Vessel Financing $ 129,938 $ 136,119 2017 Bank Loans 78,896 83,640 EE Revolver — — Term Loan Facility 250,000 — Total debt 458,834 219,759 Less unamortized debt issuance costs ( 9,017 ) ( 5,450 ) Total debt, net 449,817 214,309 Less current portion, net ( 29,507 ) ( 20,913 ) Total long-term debt, net $ 420,310 $ 193,396
Schedule of variable rate debt obligation	The following table shows the range of interest rates and weighted average interest rates incurred on our variable-rate debt obligations during the six months ended June 30, 2023. For the six months ended June 30, 2023 Range Weighted Average Experience Vessel Financing 8 % – 8.2 % 8.1 % 2017 Bank Loans 7 % – 9.8 % 8.7 % Term Loan Facility 7.8 % – 8.3 % 8.1 %
Schedule of Future principal payments on long-term debt outstanding	Future principal payments on long-term debt outstanding as of June 30, 2023 are as follows (in thousands): Remainder of 2023 $ 11,077 2024 22,693 2025 23,435 2026 24,239 2027 275,081 Thereafter 102,309 Total debt, net $ 458,834

Long-term debt- related party (

Long-term debt- related party (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Company's related party long-term debt	The Company’s related party long-term debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Exquisite Vessel Financing $ 184,348 $ 188,433 Less current portion ( 8,003 ) ( 7,661 ) Total long-term related party debt $ 176,345 $ 180,772

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule Of EELP declared and paid distributions to all interest holders, including Excelerate	During the six months ended June 30, 2023, EELP declared distributions to all interest holders, including Excelerate. Excelerate will use proceeds from the distribution to pay dividends to holders of Class A Common Stock. The following table details the distributions and dividends for the periods presented. Class B Interests Class A Common Stock Dividend and distribution for the quarter ended Date Paid or To Be Paid Distributions Paid or To Be Paid Total Dividends Declared Dividend Declared per Share (in thousands) June 30, 2023 September 7, 2023 $ 2,051 $ 667 $ 0.025 March 31, 2023 June 8, 2023 $ 2,051 $ 669 $ 0.025 December 31, 2022 April 27, 2023 $ 2,051 $ 663 $ 0.025

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computation of earnings per share for the three and six months ended June 30, 2023 and the period from April 13 to June 30, 2022 (in thousands, except share and per share amounts): For the three months ended June 30, For the period from April 13 – June 30, For the six months ended June 30, For the period from April 13 – June 30, 2023 2022 2023 2022 Net income $ 29,556 $ ( 3,043 ) $ 60,295 $ ( 3,043 ) Less net income attributable to non-controlling interest 23,588 ( 831 ) 47,483 ( 831 ) Less net loss attributable to non-controlling interest – ENE Onshore — ( 181 ) — ( 181 ) Net income attributable to shareholders – basic and diluted $ 5,968 $ ( 2,031 ) $ 12,812 $ ( 2,031 ) Weighted average shares outstanding – basic 26,254,167 26,254,167 26,254,167 26,254,167 Dilutive effect of unvested restricted common stock 11,884 — 17,454 — Dilutive effect of unvested performance stock units 261 — 1,269 — Class B Common Stock converted to Class A Common Stock — — — — Weighted average shares outstanding – diluted 26,266,312 26,254,167 26,272,890 26,254,167 Earnings per share Basic $ 0.23 $ ( 0.08 ) $ 0.49 $ ( 0.08 ) Diluted $ 0.23 $ ( 0.08 ) $ 0.49 $ ( 0.08 )
Schedule of Common stock shares equivalent excluded from the calculation of diluted earnings per share	The following table presents the common stock shares equivalents excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2023 and the period from April 13 to June 30, 2022, as they would have had an antidilutive effect: For the three months ended June 30, For the period from April 13 – June 30, For the six months ended June 30, For the period from April 13 – June 30, 2023 2022 2023 2022 Stock options — 338,935 — 338,935 Restricted common stock 404 20,832 508 20,832 Performance stock units 1,156 — — — Class B Common Stock 82,021,389 82,021,389 82,021,389 82,021,389

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Finance Lease Liabilities	Finance lease liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, 2023 December 31, 2022 External leases: Finance lease liabilities $ 221,684 $ 231,158 Less current portion of finance lease liabilities ( 21,408 ) ( 20,804 ) Finance lease liabilities, long-term $ 200,276 $ 210,354
Schedule of Maturities of Operating and Finance Lease Liabilities	A maturity analysis of the Company’s operating and finance lease liabilities (excluding short-term leases) at June 30, 2023 is as follows (in thousands): Year Operating Finance Remainder of 2023 $ 5,482 $ 16,618 2024 1,818 33,248 2025 1,515 33,235 2026 937 33,235 2027 911 33,235 Thereafter 1,335 141,120 Total lease payments $ 11,998 $ 290,691 Less: imputed interest ( 700 ) ( 69,007 ) Carrying value of lease liabilities 11,298 221,684 Less: current portion ( 5,982 ) ( 21,408 ) Carrying value of long-term lease liabilities $ 5,316 $ 200,276
Schedule of Total Lease Cost	The Company's total lease costs for the three and six months ended June 30, 2023 and 2022 recognized in the consolidated statements of income consisted of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Amortization of finance lease right-of-use assets – related party $ — $ — $ — $ 1,226 Amortization of finance lease right-of-use assets – external 1,166 653 2,183 1,305 Interest on finance lease liabilities – related party — — — 7,006 Interest on finance lease liabilities – external 4,188 3,836 8,273 7,755 Operating lease expense 2,388 9,392 10,842 18,867 Short-term lease expense 91 219 265 606 Total lease costs $ 7,833 $ 14,100 $ 21,563 $ 36,765
Schedule of Other Information Related to Leases	Other information related to leases for the three and six months ended June 30, 2023 and 2022 are as follows (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Operating cash flows for finance leases $ 4,188 $ 3,836 $ 8,273 $ 7,755 Operating cash flows for finance leases – related party — — — 7,006 Financing cash flow for finance leases 5,455 5,460 10,752 10,805 Financing cash flow for finance leases – related party — — — 2,912 Operating cash flows for operating leases 2,863 9,238 11,177 18,075 Right-of-use assets obtained in exchange for new operating lease liabilities — 937 — 1,156

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Company Revenue	The following table presents the Company’s revenue for t he three and six months ended June 30, 2023 and 2022 (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Revenue from leases $ 86,307 $ 81,895 $ 167,855 $ 155,957 Revenue from contracts with customers Time charter, regasification and other services 39,155 28,177 76,184 51,707 Gas sales 306,910 512,857 399,389 1,006,938 Total revenue $ 432,372 $ 622,929 $ 643,428 $ 1,214,602
Schedule of revenue from leases	The Company’s time charter contracts are accounted for as operating or sales-type leases. The Company's revenue from leases is presented within revenues in the consolidated statements of income and for the three and six months ended June 30, 2023 and 2022 consists of the following (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Operating lease income $ 68,025 $ 63,027 $ 131,335 $ 118,301 Sales-type lease income 18,282 18,868 36,520 37,656 Total revenue from leases $ 86,307 $ 81,895 $ 167,855 $ 155,957
Schedule of leased property and equipment	The following represents the amount of property and equipment that is leased to customers as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Property and equipment $ 2,182,087 $ 2,034,183 Accumulated depreciation ( 900,106 ) ( 823,942 ) Property and equipment, net $ 1,281,981 $ 1,210,241
Schedule of minimum future revenue	The future minimum revenues presented in the table below should not be construed to reflect total charter hire revenues for any of the years presented. Minimum future revenues included below are based on the fixed components and do not include variable or contingent revenue. Additionally, revenue generated from short-term charters are not included as the duration of the contracts are less than a year. As of June 30, 2023, the minimum contractual future revenues to be received under the time charters during the next five years and thereafter are as follows (in thousands): Year Sales-type Operating Remainder of 2023 $ 36,049 $ 136,851 2024 84,295 269,944 2025 87,612 210,545 2026 87,612 213,730 2027 87,612 224,227 Thereafter 492,354 702,050 Total undiscounted $ 875,534 $ 1,757,347 Less: imputed interest ( 469,547 ) Net investment in sales-type leases 405,987 Less: current portion ( 13,980 ) Non-current net investment in sales-type leases $ 392,007
Schedule of disaggregated revenues	The following tables show disaggregated revenues from customers attributable to the country in which the revenues were derived (in thousands). Revenues from external customers are attributed to the country in which the party to the applicable agreement has its principal place of business. For the three months ended June 30, 2023 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 13,051 $ 2,076 $ 225,977 $ 241,104 Bangladesh 18,003 10,422 80,933 109,358 UAE 17,700 5,882 — 23,582 United States — 1,212 — 1,212 Argentina 16,748 13,772 — 30,520 Pakistan 11,002 2,993 — 13,995 Germany 248 — — 248 Finland 9,555 2,769 — 12,324 Other — 29 — 29 Total revenue $ 86,307 $ 39,155 $ 306,910 $ 432,372 For the three months ended June 30, 2022 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 13,051 $ 1,873 $ 512,857 $ 527,781 Bangladesh 18,626 9,453 — 28,079 UAE 16,253 5,380 — 21,633 United States — 1,259 — 1,259 Argentina 13,391 5,870 — 19,261 Pakistan 11,003 2,853 — 13,856 Israel 9,571 1,459 — 11,030 Other — 30 — 30 Total revenue $ 81,895 $ 28,177 $ 512,857 $ 622,929 For the six months ended June 30, 2023 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 25,958 $ 4,031 $ 296,230 $ 326,219 Bangladesh 35,993 21,089 80,933 138,015 UAE 34,541 11,452 — 45,993 United States — 6,080 — 6,080 Argentina 26,123 19,590 — 45,713 Pakistan 21,884 5,807 — 27,691 Germany 4,351 2,650 — 7,001 Finland 19,005 5,400 22,226 46,631 Other — 85 — 85 Total revenue $ 167,855 $ 76,184 $ 399,389 $ 643,428 For the six months ended June 30, 2022 Revenue from contracts with customers Revenue from TCP, Regas Gas Total leases and other sales revenue Brazil $ 25,958 $ 3,534 $ 932,839 $ 962,331 Bangladesh 37,414 18,728 — 56,142 UAE 28,991 8,262 — 37,253 United States — 2,358 74,099 76,457 Argentina 22,766 10,022 — 32,788 Pakistan 21,885 5,337 — 27,222 Israel 18,943 3,113 — 22,056 Other — 353 — 353 Total revenue $ 155,957 $ 51,707 $ 1,006,938 $ 1,214,602
Schedule of changes in long-term contract liabilities	The following table reflects the changes in our contract liabilities related to long-term contracts with customers as of June 30, 2023 (in thousands): For the six months ended June 30, 2023 Deferred revenues, beginning of period $ 177,754 Cash received but not yet recognized 24,789 Revenue recognized from prior period deferral ( 145,564 ) Deferred revenues, end of period $ 56,979
Schedule of expected recognized revenue from contracts	The Company expects to recognize revenue from contracts exceeding one year over the following time periods (in thousands): Remainder of 2023 $ 61,673 2024 107,200 2025 88,557 2026 87,652 2027 90,030 Thereafter 433,627 $ 868,739

Long-term Incentive Compensat_2

Long-term Incentive Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Compensation Related Costs [Abstract]
Summary of long-term incentive compensation expense	the Company r ecognized long-term incentive compensation expense for both its stock options and restricted stock unit awards as shown below (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Stock-based compensation expense $ 1,074 $ 270 $ 1,431 $ 270
Summary of stock option activity	The following table summarizes stock option activity for th e six months ended June 30, 2023 and provides information for outstanding and exercisable options as of June 30, 2023: Number of Options Weighted Average Exercise Price (per share) Outstanding at January 1, 2023 323,023 $ 24.00 Granted — — Exercised — — Forfeited or expired ( 4,338 ) 24.00 Outstanding at June 30, 2023 318,685 $ 24.00 Exercisable at June 30, 2023 64,581 $ 24.00
Summary of assumptions fair value of options granted	The Company uses estimates of forfeitures to estimate the expected term of the units grants. The reversal of any expense due to forfeitures is accounted for as they occur. 2023 Risk-free interest rate 3.9 % Expected volatility 58.0 % Expected term 2.76 years
Summary of restricted stock activity	The following table summarizes restricted stock unit activity for th e six months ended June 30, 2023 and provides information for unvested shares as of June 30, 2023: Number of Shares Weighted Average Fair Value (per share) Unvested at January 1, 2023 37,754 $ 23.61 Granted 264,801 21.61 Vested — — Forfeited ( 1,388 ) 21.62 Unvested at June 30, 2023 301,167 $ 21.86
Summary performance unit activity	The following table summarizes performance unit activity for the six months ended June 30, 2023 and provides information for unvested performance units (reflected at target performance) as of June 30, 2023: Number of Units Weighted Average Fair Value (per unit) Unvested at January 1, 2023 — $ — Granted 84,699 28.16 Vested — — Forfeited — — Unvested at June 30, 2023 84,699 $ 28.16

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of transactions with related parties	The following transactions with related parties are included in the accompanying consolidated statements of income (in thousands): For the three months ended June 30, For the six months ended June 30, 2023 2022 2023 2022 Management fees and other expenses with Kaiser $ 65 $ 271 $ 1,091 $ 1,019
Schedule of balances with related parties included in the accompanying consolidated balance sheets	The following balances with related parties are included in the accompanying consolidated balance sheets (in thousands): June 30, 2023 December 31, 2022 Amounts due from related parties $ 443 $ 2,595 Amounts due to related parties $ 132 $ 2,054 Prepaid expenses – related party $ 2,098 $ 2,205

Concentration risk (Tables)

Concentration risk (Tables)	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Schedule of Customers with Revenues	The following table shows customers with revenues of 10 % or greater of total revenues: Six months ended June 30, 2023 2022 Customer A 49 % 78 % Customer B 19 % 3 %

Supplemental noncash disclosu_2

Supplemental noncash disclosures for consolidated statement of cash flows (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental noncash disclosures for the consolidated statement of cash flows	Supplemental noncash disclosures for the consolidated statement of cash flows consist of the following (in thousands): Six months ended June 30, 2023 2022 Supplemental cash flow information: Cash paid for taxes $ 12,790 $ 14,767 Cash paid for interest 28,846 31,183 Right-of-use assets obtained in exchange for lease obligations — 1,156 Increase (decrease) in capital expenditures included in accounts payable ( 7,145 ) 9,602 Vessel acquisition — 188,500
Schedule of reconciliation of cash, cash equivalents and restricted cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 462,001 $ 516,659 Restricted cash – current 2,638 2,614 Restricted cash – non-current 19,482 18,698 Cash, cash equivalents, and restricted cash $ 484,121 $ 537,971

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) (Tables)	6 Months Ended
	Jun. 30, 2023
AOCI Attributable to Parent [Abstract]
Components of accumulated other comprehensive income (loss)	Changes in components of accumulated other comprehensive income (loss) were (in thousands): Cumulative Qualifying Share of OCI in Total At January 1, 2023 $ ( 524 ) $ 551 $ 488 $ 515 Other comprehensive income (loss) ( 420 ) 389 ( 321 ) ( 352 ) Reclassification to income — ( 497 ) ( 416 ) ( 913 ) Reclassification to NCI 318 81 559 958 At March 31, 2023 $ ( 626 ) $ 524 $ 310 $ 208 Other comprehensive income 101 4,194 895 5,190 Reclassification to income 214 ( 678 ) ( 391 ) ( 855 ) Reclassification to NCI ( 239 ) ( 2,665 ) ( 382 ) ( 3,286 ) At June 30, 2023 $ ( 550 ) $ 1,375 $ 432 $ 1,257 At January 1, 2022 $ ( 2,167 ) $ ( 3,702 ) $ ( 3,309 ) $ ( 9,178 ) Other comprehensive income — 2,958 492 3,450 Reclassification to income — 86 1,922 2,008 At March 31, 2022 $ ( 2,167 ) $ ( 658 ) $ ( 895 ) $ ( 3,720 ) Other comprehensive income — 806 1,325 2,131 Reclassification to income — 444 ( 532 ) ( 88 ) Reclassification to NCI 1,643 ( 322 ) 157 1,478 At June 30, 2022 $ ( 524 ) $ 270 $ 55 $ ( 199 )

General business information (A

General business information (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Apr. 18, 2022	Jun. 30, 2022	Jun. 30, 2023
Initial public offering, per value		$ 408,290
Common Class A [Member]
Issuance of common stock - IPO, shares			6,254,167
Common Class A [Member] | EE Holdings [Member]
Percent of EELP interests owned			24.20%
Common Class B [Member]
Issuance of common stock - IPO, shares			2,021,389
Common Class B [Member] | EE Holdings [Member]
Percent of EELP interests owned			75.80%
Class A Common Stock [Member] | Common Class A [Member]
Issuance of common stock - IPO, shares		18,400,000
Initial public offering, per value		$ 18
Foundation Vessels Purchase [Member]
Foundation vessel cash payment	$ 50,000
IPO [Member] | Common Class A [Member]
Issuance of common stock - IPO, shares	18,400,000
Shares issued, price per share	$ 0.001
Offer price per share	$ 24
Proceeds from issuance initial public offering	$ 441,600		$ 441,600
Underwriting discounts and commissions	25,400		25,400
IPO-related expenses	$ 7,600		$ 7,600

Fair value of financial instr_3

Fair value of financial instruments - Schedule of financial assets and liabilities of fair value (Details) - Level 2 - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments, assets	$ 5,823	$ 2,444
Derivative financial instruments, liabilities	$ (789)	$ (630)

Fair value of financial instr_4

Fair value of financial instruments (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Offsetting Liabilities [Line Items]
Cash collateral	$ 0		$ 0		$ 0
Long-Lived Assets [Member]
Offsetting Liabilities [Line Items]
Impairment	0	$ 0	0	$ 0
Equity investments [Member]
Offsetting Liabilities [Line Items]
Impairment	$ 0	$ 0	$ 0	$ 0

Accounts receivable - Schedule

Accounts receivable - Schedule of account receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Receivables [Abstract]
Trade receivables	$ 140,929	$ 74,980
Accrued revenue	4,792	5,307
Amounts receivable from related party	443	2,595
Allowance for doubtful accounts	(556)	(593)
Amounts due from related parties	$ 145,608	$ 82,289

Derivative financial instrume_3

Derivative financial instruments - Schedule of derivative instruments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Interest rate swap
Derivatives, Fair Value [Line Items]
Notional values	$ 310,721	[1]
[1] Number of open positions and gross notional values do not measure the Company’s risk of loss, quantify risk or represent assets or liabilities of the Company. Instead, they indicate the relative size of the derivative instruments and are used in the calculation of the amounts to be exchanged between counterparties upon settlements.

Derivative financial instrume_4

Derivative financial instruments - Schedule of fair value of derivative instruments (Details) - Interest rate swaps - cash flow hedges - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Offsetting Liabilities [Line Items]
Current assets	$ 4,668	$ 1,211
Non-current assets	1,155	1,233
Current liabilities	(191)	(630)
Non-current liabilities	(598)
Net derivative assets (liabilities)	$ 5,034	$ 1,814

Derivative financial instrume_5

Derivative financial instruments (Additional Information) (Details) - USD ($) $ in Millions		6 Months Ended
	Jun. 23, 2017	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Long-term interest rate swap, percentage	70%
Amount of gain (loss) recognized expected to be reclassified (Term)		12 months
Other Comprehensive Income, Amount of gain (loss) recognized		$ 4.7

Derivative financial instrume_6

Derivative financial instruments - Schedule of derivative instruments designated in a cash flow hedging relationship recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives Designated in Cash Flow Hedging Relationship - Interest Rate Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swaps	$ 4,194	$ 806	$ 4,583	$ 3,764
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) - Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	$ 678	$ (444)	$ 1,175	$ (530)

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
LNG	$ 25,447	$ 171,578
Bunker fuel	2,625	2,025
Inventories	$ 28,072	$ 173,603

Inventories (Additional Informa

Inventories (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventory write down	$ 0	$ 1	$ 0

Other Current Assets - Schedule

Other Current Assets - Schedule of Other current assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets, Current [Abstract]
Prepaid expenses	$ 15,133	$ 18,635
Prepaid expenses - related party	2,098	2,205
Tax receivables	11,963	10,594
Other receivables	7,435	3,592
Other current assets	$ 36,629	$ 35,026

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	$ (970,433)	$ (922,029)
Property and equipment, net	1,685,705	1,455,683
Vessels [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,500,062	2,225,123
Buoy and Pipeline [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,568	17,130
Finance Lease Right-of-Use Assets [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	40,007	40,007
Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	17,392	17,469
Assets in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 83,109	$ 77,983

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 18, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation Expenses		$ 30,772	$ 24,296	$ 55,965	$ 48,039
Common stock fair value			188,500
Finance lease liabilities		221,684		221,684		$ 231,158
Early extinguishment of lease liability on vessel acquisition		0	21,834	0	21,834
Foundation Vessels Purchase [Member]
Property, Plant and Equipment [Line Items]
Cash consideration	$ 50,000
Estimated future payments				$ 21,500
Foundation Vessels Purchase [Member] | Common Class A Member
Property, Plant and Equipment [Line Items]
Non-cash consideration (in shares)				7,854,167
Common stock fair value				$ 188,500
FSRU Sequoia [Member]
Property, Plant and Equipment [Line Items]
Purchase		265,000		265,000
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation Expenses		$ 29,900	$ 23,500	$ 54,200	$ 46,700

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued vessel and cargo expenses	$ 21,063	$ 17,571
Payroll and related liabilities	11,668	14,637
Accrued turnover taxes	4,407	8,091
Current portion of TRA liability	3,704	3,704
Other accrued liabilities	18,868	22,885
Accrued liabilities	$ 59,710	$ 66,888

Long-term Debt - Schedule Of Lo

Long-term Debt - Schedule Of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2016
Debt Instrument [Line Items]
Total debt, net	$ 458,834	$ 219,759
Less unamortized debt issuance costs	(9,017)	(5,450)
Total debt, net	449,817	214,309
Less current portion, net	(29,507)	(20,913)
Total long-term debt, net	420,310	193,396
Experience Vessel Financing
Debt Instrument [Line Items]
Total debt, net	129,938	136,119	$ 247,500
2017 Bank Loans
Debt Instrument [Line Items]
Total debt, net	78,896	83,640
EE Revolver
Debt Instrument [Line Items]
Total debt, net	0	0
Term Loan Facility
Debt Instrument [Line Items]
Total debt, net	$ 250,000	$ 0

Long-term Debt - Schedule Of Va

Long-term Debt - Schedule Of Variable-Rate Debt Obligations (Details)	6 Months Ended
	Jun. 30, 2023
Experience Vessel Financing
Debt Instrument [Line Items]
Debt instrument weighted average interest rate	8.10%
Experience Vessel Financing | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate	8%
Experience Vessel Financing | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate	8.20%
2017 Bank Loans
Debt Instrument [Line Items]
Debt instrument weighted average interest rate	8.70%
2017 Bank Loans | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate	7%
2017 Bank Loans | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate	9.80%
Term Loan Facility
Debt Instrument [Line Items]
Debt instrument weighted average interest rate	8.10%
Term Loan Facility | Minimum
Debt Instrument [Line Items]
Debt instrument weighted average interest rate	7.80%
Term Loan Facility | Maximum
Debt Instrument [Line Items]
Debt instrument weighted average interest rate	8.30%

Long-term debt - Schedule Of Fu

Long-term debt - Schedule Of Future Principal Payment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instruments [Abstract]
Remainder of 2023	$ 11,077
2024	22,693
2025	23,435
2026	24,239
2027	275,081
Thereafter	102,309
Total debt, net	$ 458,834	$ 219,759

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Details) - USD ($) $ in Thousands				3 Months Ended	6 Months Ended
	Mar. 17, 2023	Apr. 18, 2022	Jun. 23, 2017	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2016
Debt Instrument [Line Items]
Debt instrument carrying amount				$ 458,834	$ 458,834	$ 219,759
Line of credit facility, expiration date		Apr. 30, 2025
Line of credit				80,900	80,900
Debt Instrument, Unused Borrowing Capacity Amount				269,100	$ 269,100
Senior Secured Revolving Credit Agreement [Member]
Debt Instrument [Line Items]
Borrowing term years		3 years
Senior Secured Revolving Credit Agreement [Member] | Maximum
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 350,000
Borrowing commitment fee					0.50%
Senior Secured Revolving Credit Agreement [Member] | Minimum
Debt Instrument [Line Items]
Borrowing commitment fee					0.375%
EE Revolver
Debt Instrument [Line Items]
Term loan facility	$ 250,000
Unsecured Debt, Total	250,000
Collateral vessel maintenance coverage	$ 750,000
Collateral vessel maintenance coverage percentage	130%
Experience Vessel Financing
Debt Instrument [Line Items]
Debt instrument carrying amount				$ 129,938	$ 129,938	$ 136,119	$ 247,500
Quarterly principal payments					$ 3,100
Experience Vessel Financing | 3 Month LIBOR
Debt Instrument [Line Items]
Variable spread basis				3.25%
Experience Vessel Financing | 3 Month SOFR
Debt Instrument [Line Items]
Variable spread basis				3.40%
2017 Bank Loans | 6 Month LIBOR
Debt Instrument [Line Items]
Variable spread basis			2.42%
Line of credit facility, expiration date			Oct. 15, 2029
Line of credit facility, maximum borrowing capacity			$ 32,800
Line of credit facility, frequency of payments			semi-annual payments
2017 Bank Loans | 3 Month LIBOR
Debt Instrument [Line Items]
Variable spread basis			4.50%
Line of credit facility, expiration date			Oct. 15, 2029
Line of credit facility, maximum borrowing capacity			$ 92,800
Line of credit facility, frequency of payments			quarterly payments

Long-term Debt - Related Party

Long-term Debt - Related Party - Schedule of Company's Related Party Long-term Debt (Details) - Exquisite Vessel Financing - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2018
Debt Instrument [Line Items]
Total related party debt	$ 184,348	$ 188,433
Less current portion	(8,003)	(7,661)
Long-term debt, net - related party	$ 176,345	$ 180,772	$ 220,000

Long-term debt related party (A

Long-term debt related party (Additional Information) (Details) - Exquisite Vessel Financing - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2018	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total long-term related party debt	$ 220,000	$ 176,345	$ 180,772
Sale Leaseback Transaction, Imputed Interest Rate	7.73%

TRA Liability (Additional Infor

TRA Liability (Additional Information) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Effective tax rate	24.70%	204.70%	22.30%	56.50%

Equity (Additional Information)

Equity (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	6 Months Ended
	Apr. 18, 2022	Apr. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2022
Class of Stock [Line Items]
Preferred stock			5,000,000
Preferred stock par value			$ 0.001
Common Class A [Member]
Class of Stock [Line Items]
Exchange of common stock			one-for-one basis
Stock issued			6,254,167
Common stock, authorized			300,000,000	300,000,000
Common stock, par value			$ 0.001	$ 0.001
Common stock, outstanding			26,254,167	26,254,167
Common Stock, Voting Rights			The Class A Common Stock outstanding represents 100% of the rights of the holders of all classes of our outstanding common stock to share in distributions from Excelerate
Common Class A [Member] | IPO [Member]
Class of Stock [Line Items]
Proceeds from issuance initial public offering	$ 441.6		$ 441.6
Underwriting discounts and commissions	25.4		25.4
IPO-related expenses	$ 7.6		$ 7.6
Stock issued	18,400,000
Common Class B Member
Class of Stock [Line Items]
Stock issued			2,021,389
Common stock, authorized			150,000,000	150,000,000
Common stock, par value			$ 0.001	$ 0.001
Common stock, outstanding			82,021,389	82,021,389
EELP Distributions To Class B Interests			$ 0.025
Excelerate Energy, Inc [Member] | Common Class A [Member]
Class of Stock [Line Items]
Ownership interest			100%
EELP Limited Partnership Agreement [Member] | IPO [Member]
Class of Stock [Line Items]
Ownership interest					1%
EE Holdings [Member]
Class of Stock [Line Items]
Common Stock, Voting Rights			Class B stockholder following the completion of the IPO, EE Holdings has 75.8% of the combined voting power of our common stock
EE Holdings [Member] | Common Class A [Member]
Class of Stock [Line Items]
Percent of EELP interests owned			24.20%
EE Holdings [Member] | Common Class B Member
Class of Stock [Line Items]
Percent of EELP interests owned			75.80%
EE Holdings [Member] | EELP Limited Partnership Agreement [Member]
Class of Stock [Line Items]
Ownership interest					99%
Albania JV [Member]
Class of Stock [Line Items]
ProceedsFromContribution		$ 2.6
Percent of EELP interests owned		90%

Equity - Schedule Of EELP Decla

Equity - Schedule Of EELP Declared And Paid Distributions To All Interest Holders Including Excelerate (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Date Paid or To Be Paid		Jun. 08, 2023	Sep. 07, 2023	Apr. 27, 2023
Distributions Paid or To Be Paid	$ 2,051	$ 2,051
Common Class A Member
Class of Stock [Line Items]
Total Dividends Declared		$ 669	$ 667	$ 663
Dividend Declared per Share		$ 0.025	$ 0.025
Dividend declared per Share	$ 0.025	$ 0.025		$ 0.025
Common Class B Member
Class of Stock [Line Items]
Distributions Paid or To Be Paid		$ 2,051	$ 2,051	$ 2,051

Earnings per share - Schedule o

Earnings per share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income (loss) subsequent to IPO	$ 29,556	$ (3,043)	$ (3,043)	$ 60,295
Less net income (loss) attributable to non-controlling interest	23,588	(831)	(831)	47,483	$ (1,647)
Net income attributable to shareholders - basic	5,968	(2,031)	$ (2,031)	12,812	$ (2,031)
Net income attributable to shareholders - diluted	$ 5,968	$ (2,031)		$ 12,812
Weighted average shares outstanding - basic	26,254,167	26,254,167	26,254,167	26,254,167	26,254,167
Class B Common Stock converted to Class A Common Stock	0	0		0
Weighted average shares outstanding - diluted	26,266,312	26,254,167	26,254,167	26,272,890	26,254,167
Earnings per share
Basic	$ 0.23	$ 0.08	$ (0.08)	$ 0.49	$ (0.08)
Diluted	$ 0.23	$ 0.08	$ (0.08)	$ 0.49	$ (0.08)
Restricted Stock [Member]
Dilutive effect of unvested restricted common stock	11,884	0		17,454
Performance Shares [Member]
Dilutive effect of unvested restricted common stock	261	0		1,269
ENE Onshore
Less net income (loss) attributable to non-controlling interest	$ 0	$ (181)		$ 0
ENE Onshore [Member]
Less net income (loss) attributable to non-controlling interest			$ (181)		$ (418)

Earnings per share - Schedule_2

Earnings per share - Schedule Of Common Stock Shares Equivalent Excluded From Calculation Of Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023
Class B Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method
Antidilutive securities	82,021,389	82,021,389	82,021,389
Stock Option [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method
Antidilutive securities	0	338,935	0
Restricted Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method
Antidilutive securities	404	20,832	508
Performance Shares [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method
Antidilutive securities	1,156	0	0

Leases - Additional Information

Leases - Additional Information (Details)	Jun. 30, 2023 Pipeline Tugboat Vessels	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Number of pipelines finance agreements | Pipeline	1
Number of Tugboats Finance Agreements | Tugboat	1
Weighted average remaining lease term for operating leases	3 years 1 month 6 days	2 years 7 months 6 days
Weighted average remaining lease term for finance leases	9 years 7 months 6 days	10 years 1 month 6 days
Operating lease, weighted average discount rate, percent	5.50%	5.90%
Finance lease, weighted average discount rate, percent	6.30%	6.30%
IPO [Member]
Loans and Leases Receivable Disclosure [Line Items]
Number of vessels finance agreements related parties | Vessels	2

Leases - Schedule of Finance le

Leases - Schedule of Finance lease liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
External leases:
Finance lease liabilities	$ 221,684	$ 231,158
Less current portion of finance lease liabilities	(21,408)	(20,804)
Finance lease liabilities	$ 200,276	$ 210,354

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating and Finance Lease Liabilities (Excluding Short-term Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating leases
Remainder of 2023	$ 5,482
2024	1,818
2025	1,515
2026	937
2027	911
Thereafter	1,335
Total lease payments	11,998
Less: imputed interest	(700)
Carrying value of lease liabilities	11,298
Less: current portion	(5,982)	$ (33,612)
Carrying value of long-term lease liabilities	5,316	$ 48,373
Finance leases
Remainder of 2023	16,618
2024	33,248
2025	33,235
2026	33,235
2027	33,235
Thereafter	141,120
Total lease payments	290,691
Less: imputed interest	(69,007)
Carrying value of lease liabilities	221,684
Less: current portion	(21,408)
Carrying value of long-term lease liabilities	$ 200,276

Leases - Schedule of Total Leas

Leases - Schedule of Total Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Amortization of finance lease right-of-use assets - related party	$ 0	$ 0	$ 0	$ 1,226
Amortization of finance lease right-of-use assets - external	1,166	653	2,183	1,305
Interest on finance lease liabilities - related party	0	0	0	7,006
Interest on finance lease liabilities - external	4,188	3,836	8,273	7,755
Operating lease expense	2,388	9,392	10,842	18,867
Short-term lease expense	91	219	265	606
Total lease costs	$ 7,833	$ 14,100	$ 21,563	$ 36,765

Leases - Schedule of Other Info

Leases - Schedule of Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating cash flows for finance leases	$ 4,188	$ 3,836	$ 8,273	$ 7,755
Operating cash flows for finance leases - related party	0	0	0	7,006
Financing cash flow for finance leases	5,455	5,460	10,752	10,805
Financing cash flow for finance leases - related party	0	0	0	2,912
Operating cash flows for operating leases	2,863	9,238	11,177	18,075
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 0	$ 937	$ 0	$ 1,156

Revenue - Schedule of Revenue (

Revenue - Schedule of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 432,372	$ 622,929	$ 643,428	$ 1,214,602
Revenue from leases [Member]
Total revenue	86,307	81,895	167,855	155,957
Time charter, regasification and other services [Member]
Total revenue	39,155	28,177	76,184	51,707
Gas sales [Member]
Total revenue	$ 306,910	$ 512,857	$ 399,389	$ 1,006,938

Revenue - Schedule of Lease Rev

Revenue - Schedule of Lease Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Sales-type lease income	$ 18,300	$ 18,900	$ 36,500	$ 37,700
Total revenue from leases	432,372	622,929	643,428	1,214,602
Revenue from leases [Member]
Operating lease income	68,025	63,027	131,335	118,301
Sales-type lease income	18,282	18,868	36,520	37,656
Total revenue from leases	$ 86,307	$ 81,895	$ 167,855	$ 155,957

Revenue - Additional Informatio

Revenue - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) Vessels Terminal	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Revenues [Abstract]
Number of vessels sales leases lessor | Vessels			2
Number of terminal sales leases lessor | Terminal			1
Sales type lease income from net investment	$ 18,300	$ 18,900	$ 36,500	$ 37,700
Receivables from contracts with customers	118,000		118,000		$ 14,900
Revenue for services recognized, Accrued revenue outstanding			4,800		5,300
Contract liabilities from advance payments	1,400		$ 1,400		$ 134,300
Frequency of revenue recognized			every five years
Remaining performance obligation	$ 868,739		$ 868,739

Revenue - Schedule of Leased Pr

Revenue - Schedule of Leased Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Less accumulated depreciation	$ (970,433)	$ (922,029)
Property and equipment, net	1,685,705	1,455,683
Operating leases [Member]
Property and equipment	2,182,087	2,034,183
Less accumulated depreciation	(900,106)	(823,942)
Property and equipment, net	$ 1,281,981	$ 1,210,241

Revenue - Schedule of Minimum C

Revenue - Schedule of Minimum Contractual Future Revenues (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenues [Abstract]
Remainder of 2023	$ 36,049
2024	84,295
2025	87,612
2026	87,612
2027	87,612
Thereafter	492,354
Total undiscounted	875,534
Less: imputed interest	(469,547)
Net investment in sales-type leases	405,987
Less: current portion	(13,980)	$ (13,344)
Non-current net investment in sales-type leases	392,007	$ 399,564
Remainder of 2023	136,851
2024	269,944
2025	210,545
2026	213,730
2027	224,227
Thereafter	702,050
Total undiscounted	$ 1,757,347

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregated Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 432,372	$ 622,929	$ 643,428	$ 1,214,602
Brazil
Total revenue	241,104	527,781	326,219	962,331
Bangladesh
Total revenue	109,358	28,079	138,015	56,142
UAE
Total revenue	23,582	21,633	45,993	37,253
United States
Total revenue	1,212	1,259	6,080	76,457
Argentina
Total revenue	30,520	19,261	45,713	32,788
Pakistan
Total revenue	13,995	13,856	27,691	27,222
Israel
Total revenue		11,030		22,056
Germany
Total revenue	248		7,001
Finland
Total revenue	12,324		46,631
Other
Total revenue	29	30	85	353
Revenue from leases [Member]
Total revenue	86,307	81,895	167,855	155,957
Revenue from leases [Member] | Brazil
Total revenue	13,051	13,051	25,958	25,958
Revenue from leases [Member] | Bangladesh
Total revenue	18,003	18,626	35,993	37,414
Revenue from leases [Member] | UAE
Total revenue	17,700	16,253	34,541	28,991
Revenue from leases [Member] | United States
Total revenue	0	0	0	0
Revenue from leases [Member] | Argentina
Total revenue	16,748	13,391	26,123	22,766
Revenue from leases [Member] | Pakistan
Total revenue	11,002	11,003	21,884	21,885
Revenue from leases [Member] | Israel
Total revenue		9,571		18,943
Revenue from leases [Member] | Germany
Total revenue	248		4,351
Revenue from leases [Member] | Finland
Total revenue	9,555		19,005
Revenue from leases [Member] | Other
Total revenue	0	0	0	0
TCP Regas and other [Member]
Total revenue	39,155	28,177	76,184	51,707
TCP Regas and other [Member] | Brazil
Total revenue	2,076	1,873	4,031	3,534
TCP Regas and other [Member] | Bangladesh
Total revenue	10,422	9,453	21,089	18,728
TCP Regas and other [Member] | UAE
Total revenue	5,882	5,380	11,452	8,262
TCP Regas and other [Member] | United States
Total revenue	1,212	1,259	6,080	2,358
TCP Regas and other [Member] | Argentina
Total revenue	13,772	5,870	19,590	10,022
TCP Regas and other [Member] | Pakistan
Total revenue	2,993	2,853	5,807	5,337
TCP Regas and other [Member] | Israel
Total revenue		1,459		3,113
TCP Regas and other [Member] | Germany
Total revenue	0		2,650
TCP Regas and other [Member] | Finland
Total revenue	2,769		5,400
TCP Regas and other [Member] | Other
Total revenue	29	30	85	353
Gas sales [Member]
Total revenue	306,910	512,857	399,389	1,006,938
Gas sales [Member] | Brazil
Total revenue	225,977	512,857	296,230	932,839
Gas sales [Member] | Bangladesh
Total revenue	80,933	0	80,933	0
Gas sales [Member] | UAE
Total revenue	0	0	0	0
Gas sales [Member] | United States
Total revenue	0	0	0	74,099
Gas sales [Member] | Argentina
Total revenue	0	0	0	0
Gas sales [Member] | Pakistan
Total revenue	0	0	0	0
Gas sales [Member] | Israel
Total revenue		0		0
Gas sales [Member] | Germany
Total revenue	0		0
Gas sales [Member] | Finland
Total revenue	0		22,226
Gas sales [Member] | Other
Total revenue	$ 0	$ 0	$ 0	$ 0

Revenue - Schedule of Changes i

Revenue - Schedule of Changes in Long-term Contract Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Revenues [Abstract]
Deferred revenues, beginning of period	$ 177,754
Cash received but not yet recognized	24,789
Revenue recognized from prior period deferral	(145,564)
Deferred revenues, end of period	$ 56,979

Revenue - Schedule of Expected

Revenue - Schedule of Expected Recognized Revenue from Contracts (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenues [Abstract]
Remainder of 2023	$ 61,673
2024	107,200
2025	88,557
2026	87,652
2027	90,030
Thereafter	433,627
Total undiscounted	$ 868,739

Long-term Incentive Compensat_3

Long-term Incentive Compensation (Additional Information) (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	6 Months Ended
	Apr. 30, 2022	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares granted for issuance under long-term incentive plan	10.8
Percentage of increased share by preceding year	The share pool will be increased on January 1st of each calendar year beginning in 2023 by a number of shares equal to 4% of the outstanding shares of Class A Common Stock on the preceding December 31st.
Employee Stock Option
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs		$ 3.2
Weighted average period		3 years 9 months 18 days
Award vesting period		5 years
Award expiration period		10 years
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs		$ 5.5
Weighted average period		2 years 6 months
Restricted Stock [Member] | Three Year Vest [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period		3 years
Restricted Stock [Member] | One Year Vest [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Award vesting period		1 year
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs		$ 2.2
Weighted average period		2 years 7 months 6 days
Award vesting period		3 years

Long-Term Incentive Compensat_4

Long-Term Incentive Compensation - Recognized long-term incentive compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Compensation Items [Abstract]
Stock-based compensation expense	$ 1,074	$ 270	$ 1,431	$ 270

Long-term Incentive Compensat_5

Long-term Incentive Compensation - Summary of stock option activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Compensation Related Costs [Abstract]
Outstanding at January 1, 2023 | shares	323,023
Granted | shares	0
Exercised | shares	0
Forfeited or expired | shares	(4,338)
Outstanding at June 30, 2023 | shares	318,685
Exercisable at June 30,2023 | shares	64,581
Weighted Average Exercise Price, beginning balance | $ / shares	$ 24
Weighted Average Exercise Price, Granted | $ / shares	0
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Forfeited or expired | $ / shares	24
Weighted Average Exercise Price, Ending balance | $ / shares	24
Weighted Average Exercise Price, Exercisable | $ / shares	$ 24

Long-term Incentive Compensat_6

Long-term Incentive Compensation - Summary of restricted stock activity (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested at January 1, 2023 | shares	37,754
Granted | shares	264,801
Vested | shares	0
Forfeited | shares	(1,388)
Unvested at June 30,2023 | shares	301,167
Weighted Average Fair Value, Beginning balance | $ / shares	$ 23.61
Weighted Average Fair Value, Granted | $ / shares	21.61
Weighted Average Fair Value, Vested | $ / shares	0
Weighted Average Fair Value, Forfeited | $ / shares	21.62
Weighted Average Fair Value, Ending balance | $ / shares	$ 21.86

Long-term Incentive Compensat_7

Long-term Incentive Compensation - Schedule of assumptions fair value of options granted (Details)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	3.90%
Expected volatility	58%
Expected term	2 years 9 months 3 days

Long-Term Incentive Compensat_8

Long-Term Incentive Compensation - Summary of performance unit activity (Details) - Performance Shares [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested at January 1, 2023 | shares	0
Granted | shares	84,699
Vested | shares	0
Forfeited | shares	0
Unvested at June 30,2023 | shares	84,699
Weighted Average Fair Value, Beginning balance | $ / shares	$ 0
Weighted Average Fair Value, Granted | $ / shares	28.16
Weighted Average Fair Value, Vested | $ / shares	0
Weighted Average Fair Value, Forfeited | $ / shares	0
Weighted Average Fair Value, Ending balance | $ / shares	$ 28.16

Income taxes (Additional Inform

Income taxes (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Contingency [Line Items]
Provision for income taxes	$ 9,712	$ 7,800	$ 17,315	$ 11,519
Effective tax rate	24.70%	204.70%	22.30%	56.50%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 18, 2022	Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Nov. 30, 2021	Sep. 30, 2021	Nov. 30, 2018
Related Party Transaction [Line Items]
Interest on finance lease liabilities - related party			$ 0	$ 0	$ 0	$ 7,006
Drawing expenses			0		0
Expiration date	Apr. 30, 2025
2021 Kaiser Letters Of Credit Obtained
Related Party Transaction [Line Items]
Long-Term Line of Credit			$ 27,300		27,300
EELP
Related Party Transaction [Line Items]
Interest on finance lease liabilities - related party				$ 7,000		$ 14,700
KFMC-ENE Onshore Note
Related Party Transaction [Line Items]
Long-Term Line of Credit							$ 25,000
AGT LOC [Member]
Related Party Transaction [Line Items]
Payments for annual fees		$ 1,000			$ 1,200
Kaiser Note Payable
Related Party Transaction [Line Items]
Total related party debt								$ 16,500
KFMC Promissory Note
Related Party Transaction [Line Items]
Long-Term Line of Credit									$ 250,000
Expiration date					Dec. 31, 2023
Total related party debt								$ 57,200
KFMC Promissory Note | London Interbank Offered Rate LIBOR [Member]
Related Party Transaction [Line Items]
Interest rate					1.55%

Related Party Transactions - Sc

Related Party Transactions - Schedule of Transactions With Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transactions [Abstract]
Management fees and other expenses with Kaiser	$ 65	$ 271	$ 1,091	$ 1,019

Related Party Transactions - _2

Related Party Transactions - Schedule of Balances with Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Amounts due from related parties	$ 443	$ 2,595
Amounts due to related parties	132	2,054
Prepaid expenses - related party	$ 2,098	$ 2,205

Concentration Risk - Additional

Concentration Risk - Additional Information (Details)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Customer Concentration Risk | Revenue | Minimum
Concentration Risk [Line Items]
Concentration risk, percentage	10%	10%

Concentration Risk - Schedule o

Concentration Risk - Schedule of Customer with Revenues (Details) - Customer Concentration Risk - Revenue	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Customer A
Concentration Risk [Line Items]
Concentration risk, percentage	49%	78%
Customer B
Concentration Risk [Line Items]
Concentration risk, percentage	19%	3%

Commitments and Contingencies (

Commitments and Contingencies (Additional Information) (Details) Mt in Millions, $ in Millions	1 Months Ended	6 Months Ended
	Feb. 28, 2023 Mt	Jun. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Purchase quantity | Mt	0.7
Purchase commitments periods	20 years
commitments amount | $		$ 250

Supplemental noncash disclosu_3

Supplemental noncash disclosures for consolidated statement of cash flows - Schedule of Supplemental Noncash Disclosures For The Consolidated Statement Of Cash flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Supplemental cash flow information:
Cash paid for taxes			$ 12,790	$ 14,767
Cash paid for interest			28,846	31,183
Right-of-use assets obtained in exchange for lease obligations	$ 0	$ 937	0	1,156
Increase (decrease) in capital expenditures included in accounts payable			(7,145)	9,602
Vessel acquisition			$ 0	$ 188,500

Supplemental noncash disclosu_4

Supplemental noncash disclosures for consolidated statement of cash flows - Schedule of Reconciliation of Cash, Cash Equivalents And Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 462,001	$ 516,659
Restricted cash - current	2,638	2,614
Restricted cash - non-current	19,482	18,698
Cash, cash equivalents, and restricted cash	$ 484,121	$ 537,971	$ 405,701	$ 90,964

Accumulated other comprehensi_3

Accumulated other comprehensive income (loss) - Schedule components of accumulated other comprehensive (income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 208	$ 515	$ (3,720)	$ (9,178)
Other comprehensive income	5,190	(352)	2,131	3,450
Reclassification to income	(855)	(913)	(88)
Reclassification to NCI	3,286	958	1,478	2,008
Ending Balance	1,257	208	(199)	(3,720)
Share of OCI in equity method investee
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	310	488	(895)	(3,309)
Other comprehensive income	895	(321)	1,325	492
Reclassification to income	(391)	(416)	(532)	1,922
Reclassification to NCI	(382)	559	157
Ending Balance	432	310	55	(895)
Qualifying cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	524	551	(658)	(3,702)
Other comprehensive income	4,194	389	806	2,958
Reclassification to income	(678)	(497)	444	86
Reclassification to NCI	(2,665)	81	(322)
Ending Balance	1,375	524	270	(658)
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(626)	(524)	(2,167)	(2,167)
Other comprehensive income	101	(420)	0	0
Reclassification to income	214	0	0	0
Reclassification to NCI	(239)	318	1,643
Ending Balance	$ (550)	$ (626)	$ (524)	$ (2,167)

Subsequent events (Additional I

Subsequent events (Additional Information) (Details) - $ / shares		3 Months Ended	6 Months Ended	12 Months Ended
	Aug. 03, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Date Paid or To Be Paid		Jun. 08, 2023	Sep. 07, 2023	Apr. 27, 2023
Common Class B Member
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share			$ 0.025
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends Payable, Date Declared	Aug. 03, 2023
Date Paid or To Be Paid	Sep. 07, 2023
Dividends Payable, Date of Record	Aug. 23, 2023
Subsequent Event [Member] | Common Class B Member
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.025
Subsequent Event [Member] | Common Class A Member
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.025