EE - Earnings call transcript Q2 2024 | Excelerate Energy, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning, all, and thank you for joining us for the Excelerate Energy Second Quarter 2024 Earnings Conference Call. My name is Karli, and I'll be the call co-ordinator for today. [Operator Instructions] I'll now hand over to Craig Hicks, VP of Investor Relations to continue.

Craig Hicks

Good morning, everyone. Welcome to Excelerate Energy's Second Quarter 2024 Earnings Call. today Chief Kobos, Financial call and Executive the Armstrong, Dana Officer. on are Chief Stephen Officer; Participating Also joining the Commercial Officer; call today are David Chief Oliver Liner, Operating Officer. and Simpson, Chief

and that XXXX be statements results uncertainties. and quarter risks making be our like forward-looking I on involve on of at found released and that to second Our remind can press release everyone a yesterday presentation number earnings afternoon ir.excelerateenergy.com. would call website this were we will

materially those them. is reconciliation to to the expressed pass differ will the forward-looking may my and financial to we obligation financial a Kobos. directly most these call measures over refer provide results no statements, to back comparable update actual Our measures. presentation. from certain non-GAAP at also Today's the in Steven make revise GAAP it or pleasure We of to the remarks that, With

Steven Kobos

of Today, strength. with the of Craig. on call, To you, our financial strategy. results, morning. Strong a all you and strong operational good strong Thank performance share execution you story will I of

delivered side, EBITDA On in $XX quarter. we million of the the financial second adjusted

towards of shareholders. grow extremely continues maximize are Our operating robust team ability would create our team. meet financial at great services The our doing team. we global the our to said our day value proud foundation it providing portfolio FSRU every contract make this on we commitments, do. take comes to plan compelling I customers customer critical and highest I'm performance. safety. to and and for a execution, for progress what operations, want of Salute Excelerate's and the When In and company our to to to we levels moment our terminals a They focus Excelerate

Then on business Dana recap financial our results. call turn we the of progress and a are our provide to for I'll Now more overview I'll an making. the strategy of over

strategy. our recap me Let

our optimizing core re-gasification business. and are We operating

We key are growth map, creation. road we are comprehensive and on focused executing value X for our areas

terminals. in interest ownership LNG acquiring First, re-gasification

establishing infrastructure. diversified third, portfolio; in Second, natural investing gas LNG and a downstream

our We are advancing our to plans fleet. expand

remains Our delivery June fabrication steel in October. are the schedule on underway next Hull cutting, new-build XXXX. FSRU milestone major and Engineering XXXX on set construction, XXXX, in work for and for

We projects projects Hull will would confident our are that place with fit XXXX of we ideal for an of Several one XXXX. these be the pipeline. in

kits the meet our class. reliability our an the As of great largest our world, to one We've on of operator FSRU got in fleet needs remain is Part for customers' of in a investing in asset bullish sustainability. the efficiency, fleet we strategy and kits it example rejig plan to our are with for re-liquefaction modular have overall will our our placed our of we for an of improve onboard order operations. integration into Pleased These integrate the report to this vessels. prioritizing fleet. efficiency and

the of productively and generation, not increased we going by the enhance and our support used it's provide This customer to It for can revenue of storing This is energy LNG kit also purpose re-liquefying cargo to boil-off be the prevent of recover re-liquefaction excess means by the cargo create value our the our development will It attacks. opportunities value technology projects will of wasted. LNG Now in customers. helps loss volume. the cargo that of our the in gas pipeline. and services re-gas

integrated we solutions. to prioritized with of expand list Today, remember projects opportunities. last to and X our tangible fully terminal range we These value downstream LNG quarter, you peak You'll want from ownership a growth that progress. share shared points the chain of

anticipated going the NVLT terminal this signed the Suning terminal development city a the Southeast to Vietnamese company, Asia. [ in to the country Vietnam. an energy fog fastest-growing to in ] import making term be Vietnam expected terminal into are whom offers greenfield high is In one its market. due Vietnamese-based first develop economies for is Hanoi, entry you a [ to Excelerate ] private ], region. a stock Tecajoint a The one we're Northern to in with First LNG rapid in have capital of LNG we a the [ strategic point the breadth. know, North, LNG sheet investment for located company Excelerate enter with Vietnam, is and enticing as industrial

will north The these capacity NVLT mix. gas terminal a need annum constructed million an foundational supply have a declines, of Central to integrated X the a in million South solution import tonnes X.X point of production that into complexes natural and delivery operations we in will of per their XXXX. pivotal X.X is We As of for a Alaska. value annum, role X Phase base Second ready going our phases. customers have domestic play planned the which in commence capacity a provide creation LNG of for of to with import allow tonnes expect strategy industrial LNG, energy in will is total per

and in can United onwards. natural LNG utilities services great customers markets with declining, South many to Inlet the Excelerate the development region XXXX. is all Inlet other liquid based sell Cook We most for assure with off-takers. systems South of you talk and anticipated of here over LNG world. in in we region with you heating supply Start American to needs lower targeted as an local LNG for in critical has company, in region. to in efforts from with For I local local the gas our terminal electricity meet the reserves will is Excelerate operations Alaska often that domestic Central advanced the discussions need generation. terminal, an for years, Alaska import the FSRU source about gas over provide to LNG the is call XXXX of to of natural required the gas its States. feels Cook commercial on integrated Inlet Central bring this utilities XX it the But Cook and relied area gas on

we're again, pipeline we would it NVLT to and comes doing look Once our to Inlet said strategy, when Let with forward sharing other project, me the in projects about you in we this our Cook sum information do. We future. project what more even up. the

Before I turn Dana, the want to the address in I current call over Bangladesh. to situation

government have currently a As seen, you many is of and Monday, Minister informed. resigned, Prime on the being caretaker

is During this our members, and priority. top our of time, remains safety team

continuity of utmost to continue of our is All safe. are as Bangladesh, long-term as usual. of a we our people partner of The country for the operations importance operate

essential services people the Bangladesh. energy to American of an provides As that company

call to confident a to role Dana the play country. a are to deep I'll will our numbers hand in over of energy we into continue needs We now that, helping vital meet the dive for for the the With quarter.

Dana Armstrong

everyone. Thank you, and Stephen, morning, good

for of quarter are in was million first Adjusted As The with the the versus sequential in last driven second about EBITDA the our second quarter FSRU XXXX. million, pleased financial $XX the adjusted impact up EBITDA $XX was expensed was increase which occurred quarter. results. and dry-dock, by we Stephen said, quarter or up XX% Summit of

costs boot maintenance CapEx or dry recorded Summit through a income quarter because sheet. instead a the dock were statement the operate As The to balance expensed build, is FSRU as under of structure. majority last transfer of the own, reminder, the being

fleet at in highest to of consistently a our invest continue doing of so to levels the best-in-class vessels. ensure maintaining reliability, We that fleet operate we essential to

CapEx. the Our maintenance $XX spent we spend and on million maintenance the for CapEx million $XX through year-to-date quarter roughly was quarter, second

million of the end $XXX was million the for had equivalents borrowing $XXX total of including second end. $XXX on of As was finance cash our available debt, as quarter, of under quarter roughly end of cash and of and leases, million. capacity all We our revolver the

have we than generated With credit core objectives. remain stellar the the re-gasification balance we provided our near-term and business, flows sufficient by to our growth liquidity confident and that our revolving by free sheet capacity strategic cash our fund more facility,

As price shares our per that of the million second quarter, stock in XXX,XXX million we've during or quarter, share $XX early Through $XX.XX common the at purchased XXXX. was A re-purchase repurchase authorized share. a XX% program Excelerate the our an of update average weighted utilized $XX on of Class second share program

We which will share the February re-purchase the previously approach through tenure, an take remainder program runs of authorized the X-year to throughout opportunistic continue XXXX. to

Now let's turn to an XXXX. update on our guidance financial for

EBITDA communicated raising for adjusted our guidance previously are XXXX. We

the full million. EBITDA $XXX For now we expecting to adjusted are million $XXX year, range and between

growth the For capital quarter in range XXXX, including due to on growth of Hull FSRU, CapEx million our new- capital all between majority year, shipyard between our expect $XX spend range to payment to million. maintenance to XX% $XX fourth the milestone full year. capital a and this build The we range the related committed million $XX million committed and and of continue $XX to is

defined specific capital is committed reminder, capital capital investments a As projects. as allocated committed and for approved growth previously to

projects today, up Q&A. For about that capital call the into will at estimate that signed we the in capital others once incremental committed With the in our time. pipeline, we'll plus estimated our layer definitive growth we agreements talked spend that, open the for

Operator

question [Operator comes Bank. Deutsche Instructions] First Chris from Robertson of

Christopher Robertson

I a that and the FSRU. you of extreme Inlet that In particular and related environment the tidal and fear have of there is of to the would the in proposed the that the this discussed problem relates solution Alaska technical that proposal. Steven one ranges have Cook operating issue? an kind up know their kind as concerns that sway had to around it Dana, these guys discussions, happened utilities is the there

Steven Kobos

over. room and Simpson, Operations Oliver our then are Also the I'll lead me Chief and today Officer. Dana Commercial it off there, our on hand David in Liner, Chief Chris, joining Officer;

Inlet. then well So conditions aware hand we're I'll take a of But to and off in it David. Cook crack

face Let's it.

Bengal. We fleet for have was in the deal of designed Most our North conditions over with all Bay We tough Atlantic. the of the embraced cyclones world.

technical of with We're of be Cook We the We be have there that But tidal solutions conditions the extreme sort kinds in that. any reliability involved to is all well ultimately provide Inlet. suitable team of projects. these that essential of aware will of David's to are believe to Energy reliable. been that for weather. needs

So to you Dave, do insight? some want add

David A. Liner

Yes. radar that's a this what's existing no on facilities the project. project, for that screen, to doubt. are an It's be are for There going our proposed it's issue the challenge certainly and area similar in to

able develop be to going we're to confident fairly a feel solution. technical we So

we similar But bit do says, it's Stephen problem. in a is this technical challenging over a the one all environments. As This little down. world

the We capabilities. engineering have

team appropriate that We engineering a that the conditions are at a site. strong solution that's have can really develop the there for

yes, can work of it aware fully we're confident it. through So and we

Christopher Robertson

part LNG export Kenai would existing is of a to guess of other imagined the a, I parts that new facility? I turning as project, this of location? guess, Or conversion be this

Steven Kobos

but color, more I'll hand Simpson little this answer one Oliver to to crystal I that pretty the think. a for is

Oliver Simpson

us, a on I We'll has see I it's for course product ideas we a in on the the the the a delivering for I think work you is to solution. think to what gas ultimately, solution with of there. have the focused mean, from on we're focused partners There technical in region, just options some we technical Cook that's solutions. solution I technical continue project. I that and demand We'll There's mean the the customers Inlet the David, of to best heard over work think re-fundmentals. we're number on. our the region.

Christopher Robertson

million think a it last cost and a might or Or some starting of put a study the as to the this, an estimate have cost? point group utilities do up there Is any guys $XXX of a I with related out you to FSRU type relates around you project solution. guidance assumption? CapEx that fair guess what kind for question

Oliver Simpson

I on mean position well I in come we're not could we that. if below but comment cost, typically, a in the

looking know, our As you facilities. guys at other Craig is

Operator

of Chen question next Theresa from Our comes Barclays.

Theresa Chen

projects terminal project, it now? emerging right project, been to bit line? assessing color like potential got add can finishing the about a other in little across in and economics genesis the On just long onshore on you're related of to this this? how this What the think potential that Any you markets the Northern you've Vietnam more discussion

Steven Kobos

to me, Simpson. the by Oliver way. hand going to hear I'm Oliver. this It's good I'm to going to to from it hand

want solution of but FSRUs, We've different projects particular I say, in not giving love we're you we types them of a guys everybody general, peak wed at to project. what if not types think I though, right different that's the assets. we're using to told a for

I to In been we've think counter have everything But at don't a at forever. general, to the terms the at Vietnam been, patient. looking of cross and will We've another, than else, run you into been but post south you of little think, in look to the or we've power Vietnam time, take know, Over gas there demand in don't we been I Why time been one think at they've all Oliver, when probably I a terms intuitive first what and closer like. proposed, it? more XX the projects time Vietnam.

Oliver Simpson

I number extremely for Steven looking of a the we've Vietnam LNG a while in on. bullish as been said, Vietnam, back, at that prospect there's think been we're projects. Stepping for

a longer think first not we we believe which LNG that's today. there slightly the LNG the on remarks, when but potentially. project, based This line in, power said up his the and I there. notes this Steven we fundamentals have saw fundamentals demand time projects, terminal It's would to in be is the think industrial

the one at looked us. attributes right we the for but projects, that of we had felt this number So

that's we Importantly, an our portfolio project We like expertise. brings these LNG projects what to That's integrated world. question supply around Vietnam. in we're gas we do doing looking what is this of where deliver to do, going its your other but customers. also the can is, solutions That's and Excelerate said projects think what here LNG in international we're and to broad to bring we're

think we're child projects looking of poster a of type good So I the at. that this is

Theresa Chen

Maybe turning to allocation. capital

cash purchase the executing this the shareholders liquidity maintaining updated ahead of and endeavors, a visible with your stock sheet. optimizing you, Just What the growth still on while at while is balance balancing of growth still returning share point view healthy plan. to

Dana Armstrong

just I'll is said reiterate priority. So growth Obviously, our what before. we

in We have a maintain continue these projects. specifics. highlighted We've the more In fleet. to several about projects. quarter projects We'll we best-in-class our of call, talked just last other couple

XXXX as we So and CapEx well Obviously, for on out have priority. for new additions. as our our our Hull XXXX. increase growth our existing That's come fleet projects and CapEx the all

will to We continue maintain our dividend.

that right. our potentially will increasing dividend when on is focus We the time growth. at look is Right now,

as based are $XX repurchase. and for of million use far on runs February executed factors with we million when XXXX share sense the we'll continue $XX us As makes it price very the and other it to We're where opportunistically pleased We've there. that program until the share

Operator

Our next from question of comes Capital One. Suki Wade

Wade Suki

kind required whatever Would of further the extent maybe comfortable but projects Alaska I vessel the giving sense, a you or mind you think in that? requirements might already, be you of are us up answered it to in feel for what some queue that discussing

Steven Kobos

FSRU From shared our chart we last time, we some projects. showed

new are building-type Some projects.

Some of likely these are that all going recognize lower out will projects and required we but to outs. have the be enormous not a send on conversion TBD here, do send kind of specific

I that do So to it's of of an mean, way. right you we vessel we we'll to guess tell obsession and part I circumstances. the our ways is evaluate That bit the intend fleet. tailor can't we fleet. it different right to will But for pipeline, this now. grow in continue grow grow the I a

Wade Suki

are many I today? be? you delivery when you today, under know might if ordered think Industry-wise, construction do how guess one you FSRUs do

Steven Kobos

fabrication There is are Actually buildings, steel be X October, there ask in has one I construction. new you steel ours that's and October. had under cutting. guess, In me, cutting if in will

So that's that. how maybe I answer

one, don't of I I world. In to the want when tell can terms know that, get but you

with fleet. grow happy how we're but the while, a it's So we can

Wade Suki

the going to commercial here One sense, the last just in the recently changed customers could. given is I'd like maybe how a that's months hear I all tenor what and on world? the one, with love last if just few that's more in from

Steven Kobos

to? to life What's right? our your talking not contracts, get of average question you're mean, remaining I

Wade Suki

like to geo-political projects. global pause. curious price things we following new might Really the know the other that, that months last in spike, of bit gas gas a those Ukraine given the Russia just of about and prices, and here psychology prices, had thinking shifted a extent sentiment little if I LNG a I'm kind what have all few or

Steven Kobos

Oliver. that couple sees a critical sees bridging understands us, world of that affordable as it hand that for whole global make to as world The to is and to the LNG suitable a going LNG big this gospel as fuel. going affordable The as I'm critical fuel. statements a South is a I'm just are fuel.

your clear, to us class that As asset right remains the first within now, re-gasify tight made beyond asset to there question FSRUs the a terminals out are there a LNG class. tight are

you're to So closer I'll at Oliver that, it customer. leave but the

Oliver Simpson

right. exactly that's think I

the coming customers the the LNG, coming we've there's think in LNG of coming seen is war now a Ukraine, are on back what There's online in customers strong of the are back. I years. pipeline the

LNG as the to that solution seeing customers they're and are seeing you're provide. we LNG fuel the can with and So integrated We're again. us that affordable what an coming wanting

we we strongly have So offer our a We're to for feel customers. I it. great think product demand seeing

I think the fundamentals. we're picking markets that have

markets are that for the these a gas you time. long the So LNG, need need

So we're we're that long-term going, but on see need. we selective where

Operator

Stephens. comes Scialla Our from next of question Mike

Michael Scialla

trying characterize announced projects that to the Just X here. you

that last the of to quarter above $XX said range, X, You somewhere the term XX that million and of million to how trying kind Is longer one of was the them longer in a XX of were that to X that sense term? get I guess, higher characterize toward $XXX Just fair of Payra, range range. pipeline. as it and kind they end these fit into of

Oliver Simpson

that in certainly they're think I range.

in The obviously, for on project of providing bullish project, that integrated But customers an its we're need think, the country. project case is has gas downstream. extremely each fundamentals. the own to we said I as Vietnam, in LNG

expect for to there be we years. So many

there's region. integrated in point a also to at this need it's view. the Alaska, different of we're looking think an but Again, for fundamentals, from I similar LNG

Michael Scialla

pipeline, getting talk like it what Is Vietnam you in looking would to term before something cause required those. or at unveil guess the in that the the could would be them. you have I remaining about projects you sheet else

Steven Kobos

you transparent at possible, We as as guys room us inviting be to want around guys or travel with tables and you with side. to conference sit short around the of world walk

proof as to be these show got race, you transparent We time. possible. come we happen a as be when just we unfolding. want you we'll in happen as think horses want as to These want as as as time, to we and So this all transparency We But can. we to at much to tangible said guys we've last be we point it's can. It's much important, consistency points. horse ahead

We they we're also we that showing geographically. Americas crumbs. We good too in that were whole bread of looking opportunities hinted thought were the looking at the last time been range might have had at faint that

So we it's and looking US when over clear includes of A we are all wanted that that make to appropriate. the globe,

thought that comfortable We'll to try interesting into they just were them we the like proof points, talk way quarter it felt that. them. in continue So about were we and a coming advancing was to

Operator

Brooks Our next question comes Markets. from Northland of Capital Bobby

Robert Brooks

the just to way that I are guys integrating It's you your re-liquefaction off current generation start to interesting really uplift on want your revenue FSRUs. technology a with to footprint. current

what it. So to about curious I hear was

new financial the Maybe that's could First, you that just how already would technology that to benefit? if added, baked that FSRU where give how re-negotiate you Is can quickly back those that need current benefit a once that incremental your Or see that to is added into you quickly be would be can be and of customer something Then is a secondly, contracts? the something go that to the something sense contract? how appreciated. footprint? financial is

Steven Kobos

of for but the communication benefit, In have the point. last yes, things giving away some we're to It's the going not general, free. take I'll customer. in we're business great a with

kit. piece think nice customers So it within pay for a many easy itself, will customer, of a a year. it's We

think they'll the fleet. going we excited. our we it. value fly David So about to emissions is of to on going and timing This shelf. can it, think they're off lower talk We're

it. Of Yes. excited course, about we're

David A. Liner

have this terms available will customers this bought time this that, or it. To equipment to for so about to be ready soon we in our the is deploy as equipment so on want they equipment want We months. and time it build now of decide that line, XX to lead as buy employ

to By now, in save demand we says, that there's that this make customers strong X Steven it years want As technology. advance it. enables our having from for buying us a that to know decision they

yes, we're to a down we're of to implementation months this go. to be down the to able couple the So series a from a from time cutting time deploy says, years, ready of customer

So or now, months yes, we to from existing technology an the roughly something could coming as deploy to as into as well. early fleet XXXX, be the vessel XX able

Robert Brooks

bought for You guys or that? XX a enough any said for that or items. on FSRUs you Have XX in bought you've already that's what bought it all come the color XXXX these to because half? you Or you have only

Steven Kobos

plug We've we engineering. We've vessels the our We've ensure to work done design of work. orders. the across placed fleet. done our our play and it's initial within done our that different But class

any We We're on aware out other of one has kits these team expect will accept of about in as best that continue world. does class. in not there the fleet customer it we being David's we our FSRU get traction, further this.

determined to are in best class. keep We it

I or not customers the the that sausage used use across as want for can are to X into it it that a their way useful our most is over There vessels. to it's don't in us for get X time making. as You maybe that the are look put of fleet. way vessels

use don't how put But people long it surprising of know, look assets, be X to these X shouldn't or fleet it run, the probably. vary. over I I'd the So on,

Robert Brooks

$XXX history roughly Then in the million cash free are in vast of expertise guys add and of Excelerate layer opportunity to finally, you you for guys that forward these is set growth to projects, producing $XX just going so powder, with dry million your million new flow. importing and quarterly opportunities in have Then $XX LNG.

sense the What as get limit going to are constricting for see of a that the something seems positioned you best I'm million is, you forward? factors comfortable maybe capitalize the guys. powder in like dry here front trying be putting $XXX on you terms are or of you what you'd Do of of feel you fact growth for really you. limit It well the the what So to in towards the opportunities else?

Steven Kobos

enormous I is We out was need want of true. an We in of a do It great there feel fundamentals picky. here. are there's enormous. TAM of don't we're all That's do It with We all all that markets kind it. seriousness, it. the think don't of lot looking for.

I think what right points just chasing world you've not reminder, sense. to the looking over the proof market, dispatch model, advance seen whose from projects a doesn't somewhere all business for make our right carefully chance today, just are some we the our

over have I So bear. that we to including incredibly our do powder the tools, with bring positioned think, are well we dry to time,

So that we're to being kill I big to think selective. so be the it going TAM able is still while

Robert Brooks

you guys Last Vietnam talked the talked clarifying just gas those who customers LNG the off North selling one about. reading through you be factories industrial selling clarity just just terminal VNLT, to point. would how the on gas. I be actually that the it of wanted just be utilities? you It get you that, about for market? taking like to would Or in the to a the like some seems guys import me, Would kind

Steven Kobos

company an the and that it's terminal for see out the LNG we'll exactly we terminal but is the local I that do where we're we al think the here. on be providing and there too to industries. But from into far local the we customers, mentioned, be partnering the idea, terminal gas of integrated that to will we're don't commercials are, will get I see terminal time, as to much essentially, we in, details that how Over the demand selling LNG product terminal. want downstream

sort think at of leave I it that. I'll

Robert Brooks

through So players industrial but not utilities, probably of amount healthy demand, there. more

Operator

Our Wells next from Puneet Fargo. comes question Satish from

Puneet Satish

broadly, does the here do potential for projects in political changes other Then all this where of some support candidates? the have on project? the Payra Vietnam, Payra, ministerial any looking stack Alaska region now backlog? opportunities at just those in Does the that bearing On and other prime and you're with versus

Steven Kobos

the what curve say about is there. I about for nothing the about production, all need would I'll supply-demand their in Bangladesh. gas you tell market balances, tell those the historic really onshore fundamentals Payra decline natural changes and The you are

the week into than the filled need out at this we're a caretaker point, don't in a We yet. government. have government remains. So change But less lineup,

So clearly, any state with a while. take time Petrobangla need from That little a dealing counterparty proceed to a you're they're it. going like energy with who's government a a to company will remit

were of some with continue will year. this the We that efforts ongoing

pipeline. because have want pace. Some of detail, the better That's But ebb doing came at got overall into forget, that XX why We're a you really we let's X to on robust all keep things so proof of on last trying why points, pipeline. to That's Everything kinds a to not we need we projects at you are. conference out our uniform the XX. rooms more Harvest more quarter, MetOcean, guys day visibility here have we've proceed more what to a just buoy you in to color, to, pipe. MetOcean That's that but assess doesn't why of you there. give why and X of all doing going going are We're needs things will and flow day. all we what's our

it's are some don't even have Fundamentals yet. think we government obvious I because there. that there a still would slowdown So be

an country the in a there's ever opportunity for more American energy providing keep to great people think company energy I for of Bangladesh.

So I our like term. long prospects

Puneet Satish

this opportunities. of here organic Clearly, versus a M&A? organic point, you growth pipeline are investments you've how at Then weighing robust got

the So think between now how thoughts. there's curious you organic a over are on balance your Do for you Just more kind the of investments thinking of about M&A? bias X?

Steven Kobos

of make. really to a but they We we'll like We know we're do. know the make and to care We fundamentals, up. we I we that we find light don't deals to on like and portfolios. players don't it, what affordable. a want like the how get know their most the of supply critical is and are We big the LNG energy part focused home. most We of building know We needs liquefaction LNG world of served transition. know

to ones We and markets go. finding are and to opening LNG take way it that where a the it get needs

to that's What us you value the need to and tool to. agnostic we that fit the be chain, going So table into what to know we're use bring is.

Operator

Zach from of Our TPH. next question comes Van Everen

Zackery Van Everen

to going as to that looking I guys as paper Just at are when what's project. for over you note pen that What you getting hurdle time far I in guess Alaska. advanced the put and line back you discussions. there? are

Steven Kobos

Yes. Oliver, but folks I want the I'll facing to I'll to impatient. pass always that. the I'm that because actually let customer speak yesterday,

Oliver Simpson

Yes.

I line that, the that's start-up project line achievable for time with time think we project. of think, a â€˜XX. We announced look, the a

and So along we've can to into sort think time get go don't we working but can to think partners, with fairly line in specific through confident you definitive rough looking keep here, to the our to quickly. region. move we're time I we're this a speak we'll It's going of a a out sort idea got I of of what contracts. there back of line obviously, process be there's obviously we'd

Steven Kobos

drive to though, going to is happen. to production timing on real for a approvals to real need is this going a the The because decline for right? It's Inlet the a domestic going the the else thing pace have need bridge. curve for at papering moving be Cook there everything to That's

Zackery Van Everen

commodity some these the is Inlet Cook obligations note will be style to plan Alaska, and X the the project, open terminals will of projects, you have you gas know take-or-pay Then I marketing these? for Vietnam between take-or-pay? that exposure or on Or sales with up the majority

Oliver Simpson

the is what on of the in that upside see to support get trying always not projects project. these But level to commodity We're to looking in types right interested at anchor customers think take I these looking of we're markets. we're opportunities. risks

will they're So we'll be us different the take growth Then that allow take to the markets be on going opportunities looking be underpinned different FID. to side. customers by have to prospects, but growth those looking we'll

Operator

Our comes Shere Tuohys. Craig question from next of

Craig Shere

up timing couple deeper what build. differences think to the between do, you've but capacity top our for Obviously, way shipyard it critical. Then a of thing talked your new critical. I the the more years question. beyond for dig how a you long-term could FSRU thoughts and that's LNG conversion are the done that, speak build new now, but because or about your little until that's only contract? want on conversion, Maybe global to availability more, capacity maybe you've you of about slot, need about in is But to venture only you of supply not

Oliver Simpson

I some will around and X questions table. I'll the pass your then take of it

about Vietnam. talked for for You how know and talk long We very long opportunities don't look time. a we've

years. have talked We for conversions about

We on the will the pull trigger that upon project. depending

but to be reality the the significant those, will best-in-class sequencing We We We will, be own is to we new new I to of we of are be not it's got okay? that, it. can need, what of every asset we able execution on mean, on we asset tried as What some versus will visibility just give on view suitable of other and to candidate soon access want going our that float. move key the can't project, for out, we bullish its bespoke know way, you more geek tell is tell I Conversions FSRUs. what that as transparency. project, a you to risks this. you major design love being a like too. a I a on just it's think when there is are element building. because guys class are faltering By conversion XXXX the the buildings we

Our how will that view into our view on this LNG the to We're remain some sticky able From our you these valuable on that. Europe, you everything how class on asset being say get TAM, is, pretty questions in consistent view our countries, also infrastructure we by view on on the But have way. portfolio. can all around no doubt about intentions. our define that, the

and X or so over. I toss X question, think going that was sixth your I'm to fifth

Steven Kobos

LNG of and the LNG proof points opportunities about sort expand portfolio. the today portfolio. for We've we talked the think us gave great look to NVLT, in the I

we I with some long-term sort had there. inaugural our successes deals think great year last of

projects now these going online. the solutions We're the come go into we're LNG to our when as that volumes, Now we've got to portfolio able grow markets. we to with bring customers

a growing demand it's between supply there. the So bouncing is act as the

lot online. earlier, some LNG coming of there. got mentioned partnerships relationships, there's a As We've we great out I great see

of going have what we're think plenty I So markets, these we're doing portfolio. to opening grow that opportunities to

Craig Shere

Just think time we on lines. the conversion to project-specific clarify timing backing difference new as between into build about and

David A. Liner

have be always on with new the risk a than the new less the something that you of before we're understand before. Steven execution as to a are but than times or bit you and those is X. X.X there goes years, shorter that execution a a build. at a that, want we're conversion want little conversion, you a that. trigger That's that generally time always can capacity employ build pull There the order looking that to vessel prospective the in When is a mentioned execution Conversion of project, managing to on difference time, line

generally new Of smaller vessel They're is higher a than Syndo type a much a for capacity course, ] be more be to [ to a project. appropriate build going going conversion.

it hope on helps more depends We for Or your center. yes. would smaller a that appropriate smaller further set be. Conversion conversion have great. be So I just currently would a questions. no project which

So Steven to like remarks. back I would hand Kobos for to closing

Steven Kobos

conversation and get doing Alaska and strategy we're pleasure I you strategy. it's with our got with Vietnam, really always in David about appreciate Oliver The to and the in that we creation a our and have questions we overall guys. what and value Dana me, today

transparent you to continue be guys. will We with

thanks much what will time. we do With to we do. that, for say continue very will We your

Excelerate Energy (EE) 8 Aug 242024 Q2 Earnings call transcript