EE - Earnings call transcript Q4 2024 | Excelerate Energy, Inc.

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Operator

Hello, and welcome to the Excelerate Energy Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Alex, and I'll be coordinating the call today. [Operator instructions]Â I'll now hand over to your host, Craig Hicks, Vice President, Investor Relations and Strategy. Please go ahead.

Craig Hicks

Good morning, everyone. fourth full Energy's call. XXXX Excelerate to quarter year and earnings Welcome on Steven Chief Dana are call Financial Chief Participating today and Kobos, the Executive Officer; Officer. Armstrong, and Oliver joining on and quarter our be released XXXX release ir.excelerateenergy.com. Chief Also yesterday today press year Chief are website results presentation call Commercial Officer. Â Our at the full Officer; found and David earnings fourth afternoon Liner, Operating can Simpson, were and call making like involve to that forward-looking remind of statements and a that be risks this would number I we on everyone will uncertainties.

statements, those non-GAAP Our certain we actual materially update remarks differ obligation results Today's or to refer financial no may measures. expressed will from in revise also them. these forward-looking make to and

financial is the that, Steven We the presentation.Â With pleasure measures my Kobos. of have call a comparable at to provided back over it reconciliation pass the to the most to GAAP directly

Steven Kobos

Craig. Thank energy and by to everyone, joining start you thank me around natural company. you, Energy today.Â Let a we Good us world. critical the LNG morning, as countries by delivering Excelerate who for reiterating gas and are security enhances

leader global a LNG and FSRUs are We infrastructure. downstream in

year over notable significant was So hand that by strong our call share from Bottom earnings, investment for and then operational an approach an sheet us? balance proud XXXX guidance I'll It our capital generate and highlights a provide financial and today's to who was update results call, XXXX. Â I'm is On will what opportunity. with XXXX to Excelerate. that marked sustainable on some growth strong XXXX our achievements. It share through is success our exceptional allocation. financial the Excelerate Dana, year walk our strategy. for to believe you line, distinguishes fantastic we to Energy disciplined ability a will I and

XXXX, high above Energy guidance delivered For $XXX of year the end adjusted EBITDA the of full record our Excelerate million, range.

the we can contracts be robust regasification our around XX% largely This our was been our exposure. collections at directly maintaining in business take-or-pay to position the our shareholders. growth years strategic rates, commodity instrumental assets. nature of predictability FSRUs commitment core to approach our all delivered model earnings successful reflects since in in This have $XXX recent earnings major of ongoing million, for The and been correlated fleet The optimize first has year-over-year. regasification have income has accomplishment seen strength of business. Â We contract the ability in our We able began strengthen value on to nature geostrategic attributed minimal enhancing which our also, since the our our net our up also of recontracting financial continuous for This our maximizing our earnings. elevated cash to is of our allowed market of IPO to while XXXX.

the the sustainable the start Excelerate This X,XXXth our all we in exceeded On ship-to-ship to teams.Â We is in reliability priority.Â For a dedication reliability our XXXX, top Technical highest the outstanding operational in transfer LNG December primary reaffirming our cargo celebrated when STS completed major safe, operations. also since of milestone a targets, XXXX. operations the safety we full And the fleet. front, our is by Excelerate recorded our operations teams an we XX.X% excellence across continue of history It make achievement Management. year, of to of

be drive FSRU are look markets the creation. and critical while as for pursuing in an and it natural our of a That seek make X,XXX Korea, will day best-in-class they feet billion billion fill natural X I on are Industries class in supply-demand asset testament balance to per of storage consider seafarers the Excelerate impressive to team, want it's capable to to by initiatives security seasonal compelling our our North our its remain reliability Hull to opportunity. single standout in current track countries of our thank is billion decision a a expected are energy cargoes average as Hyundai LNG natural for a reason South context. the of who about that pool growth of enhance cubic the day.Â These in any assets me gas.Â That performance and quarter, holds a means in the I innovation and LNG for and future. other around insurance feet serve work put there XXXX north FSRU is means fleet candidate the on mix.Â Given The to natural balance delivery serves high-spec important of to regasified company. listen, their And they make of achievements their talking industry. geoeconomic Hull Last as LNG one-off construction business X.X energy including year, XXXX, about their the global Europe our gas XXX of every delivering strategy, as natural customers. not world, our expected number. gas, strategic tight the of feet foreseeable with number It unwavering part form a value our for cargo and of delivered and feet why. billion they about a it's that cornerstone XXX XXXX. regasification cubic investing is we is vessels hard commitment core we cubic Expanding safety, our gas strategy.Â FSRUs that the our as efficiency When we Let cubic regasification of revisit which we're Heavy best-in-class Star, is that in well growth cheap dedication.Â Every you average on just remains gas. built remain focused newbuild being into every We X.X on of and uncertainty

project. a vessel's will month, the first This step of keelÂ laying, the for in customers with in placing part vessel potential the is regarding the we process the We in deployment.Â Next achieve engaged the dry foundation are for milestone ongoing discussions dock. significant

the when time sea which in the as has gas conversion.Â Since ahead to our short gas and launch supply for last will next business discussed vessel plans be our together, carrier, June this the LNG buy and upcoming of FSRU carriers float first a we part support or this, milestone we will effort. LNG were which in an we team trials.Â Last number our of quarter, the occur first will for term a our candidate technical of our inspected Following

to conversions options be customers lower compared due continue we new and option attractive assets. our lines to allows LNG also forward, They required balance conversions construction to capital new an builds.Â Going to overall flexibility many builds to approach an to and We negotiations provided see convert key to us have in expansion to are as by carrier for commitment prospects The of about the for optimistic acquire engage and XXXX. needs. delivery our a strategic market time FSRU in both the shorter growth. addressing when fleet diverse our in and are

This where LNG updates Owning, opportunities greater evaluate core We sharing to potential look downstream beyond range pure-play market visibility that vision having today. through While unlocks part in our earnings extends Excelerate import access We deployments. to operating and to have strategic our future company. aim our LNG efforts to strategic to complementary vessel model, is as gas us investments business. as about business become excited supporting our infrastructure. our drive of presence mid-term import broaden continue incremental being in FSRU available. a the to to strategic forward help a sales.Â We with LNG they of growth positioned FSRUs for are near and infrastructure terminals investments and scale while a the provides to soon I'm

to that, will over to opportunities we're a remain going who results Our the to financial have critical core with through and year vision a looking capital that Most significant now on lie align focused our and be in turn importantly, call for only and is us, projects strength, for value XXXX foundation of our a walk you, financial outstanding guidance business investing we provides XXXX. with we XXXX ahead. Â With and deliver us strategic Dana, I'll available our deployment. real for for forward our the that shareholders. amount for

Dana Armstrong

good above the was with XXXX. our for pleased delivered results strong million, range. Thanks, our end $XXX are We Steven, financial of which exceptionally of high guidance morning.Â We record and adjusted EBITDA

As year. in of driven adjusted Net Agreement increases Steven an last to to which stated, increased as early for a Brazil million, year charter net over was an due life in the the full offset partially EBITDA Charter were various increases to quarter million the income Sequoia These full Excelsior. Time FSRU lower compared from addition, prior XX% by or XXXX. sales year by the useful year, our and $XX of effective and transition primarily FSRU the $XXX net full income year, expense depreciation assumption our gas due rate XX-year fourth to the Party the income of XXXX. Â In a of slightly increase earnings for in increased update up on is to

of of of which flat fourth the $XX we adjusted quarter For to third last essentially million were EBITDA, the net year, quarter. income and $XX million delivered

Under of we of total and $XXX credit had hand equivalents As million, XX, of roughly December our cash of letters credit we cash leases, including capacity and $XX million of borrowings. Â As million million revolving XXXX, debt, finance million no $XXX our and $XXX of year-end on revolver. had of was we $XXX with on outstanding available had facility, debt. our issued net

provides our significant pursuing flexibility capital shareholders opportunities, with that liquidity balance align to facility, near-term additions sheet, including on initiatives our with from while revolving million growth healthy the remains allocation opportunities with quarterly along strategic through dividends. to us fleet value longer-term our Our in strategy plans goals.Â Our credit drive our our to $XXX also growth while investing focused support strategic returning

reminder, $XX million price weighted the $XX.XX fourth over just quarter, at per roughly repurchase share As a common million Class A announced or year.Â During our share. purchased we shares $XX stock of a last average program of XXX,XXX we a

As program. was of of have million of for quarter, utilized the $XX that authorized we end this previously all the fourth the

full is the quarterly of a our we Directors cash approximately a dividend Class on on XXXX. to stock.Â The of X.X year, A weighted approved record payable purchased dividend close of XX, average an basis common share. on Class $X.XX to price at shares For per per Board share $X.XX common shareholders A per equal XXXX, the February or as On million share March of XX, $XX.XX XX, of March of business annualized

dividend is with last dividend the we consistent quarter's quarter. announced This

to for guidance the turn financial our let's Now year.

to This business core our optimization range LNG and For expect our to million we $XXX the to full range strength supply reflects adjusted EBITDA of between ability underlying XXXX, capture year million. $XXX opportunities. the

We are with range confident this for XXXX.

while XXXX these off-hire impact to is docks to $XX the half quarter quarter, for spend time our this between the off-hire associated XX FSRUs planned is built Explorer dock of anticipated CapEx with into portion range between maintenance expected of occur our maintenance The in dock CapEx The year. to XXXX to the Explorer is second our the $XX dry docks occur vessel, Exemplar range. guidance expect and transit We third year. is XX Eemplar estimated million of time range dry expected million.Â A fourth dry of inclusive in days in to to is the for this per for dry and

allocated which Our is fleet. Â We previously are capital spend guidance providing includes various committed for projects. upgrades vessel across the capital, capital investments committed maintenance on range also also to defined specific as for approved additional growth and CapEx

The quarter. million items. to of the will will of payments milestone committed the milestone $XX two quarter, $XX XXXX, second the is million million. in capital become for occur range payable the our the in laying range and made vessel growth is also For XXXX. the for that earmarked launch the payment kit payment to milestone newbuild keel the $XX mid-XXXX. Â The are committed next includes range to newbuild expected million between is that following this for guidance we delivery $XX Hull in next expected first payment of miscellaneous The Included included of not associated in be At in expected on on final purchase with reliquefaction capital is time, capital the with vessel guidance. the along capital committed LNG carrier Wartsila, capital this have other order our with our

a updates signed vessel have In vessel owner. We in we selected strong guidance future and Energy will remains financially. Excelerate with closing, agreement include it the an once

remain call We steadfast opportunities are to confident the and shareholders. Â With about to delivering value ahead commitment our lie that that, for open we'll our up in Q&A. exceptional the

Operator

JPMorgan. [Operator Instructions]Â Our today first Jeremy from for Tonet question comes of

Noah Katz

This Jeremy. is Noah for Katz on

But earnings focused guide. in EBITDA are on of are additional opportunities. guys supply capturing looks growth LNG to It is at touch And XXXX the regas other baked of the opportunities the for to outside onshore any efforts in guide? these assets fleet on wanted I still optimization First, implied what like the adjusted FSRU looking you FSRUs, strength for near-term opportunities and potential into you growth uplift? XXXX near-term investing of spoke

Dana Armstrong

Thanks Dana. for question. it's Noah, the

So supply not growth of said, makes it's our the opportunities, not the growth into right are as guidance. business, now, in that built up Other FSRU we LNG our with you obviously We're guidance. as base what optimization those proceeding have is fleet, our those still opportunities, but EBITDA.

to several also CapEx expect assets. have owners, As guidance once I other guidance, far able about vessel, guidance, we update that. there. talking CapEx we the pursuing to That and in regas is but think be fully are that as asked our in commitment we to a you vessel not our We're

Noah Katz

then the markets to as potential can this That do provide you on guys guess you you conversion. there? be I economics the in? the are LNG interested And a what details guys And would candidate year? any how good. for FSRU acquire work are carrier follow-up, further Sounds looking a

Oliver Simpson

-- Yes. fit for we're ultimate for Dana of we've would near-term well as It's converting cargo here. as mentioned, different that of this working vessels the and this, some have projects. as options our multiple for needs at goal looked We've Oliver we optimizations with FSRU on the assessing

of to looking with them, number the hope to inspected course some position assets. to be those at right proceed a of of looking So year. now, do we're and range and a in the discussions something we're a over We've of

Operator

Our Chris next of question Robertson comes Bank. from Deutsche

Christopher Robertson

financial regarding of XXXX. How Dana, for to maintenance versus capitalized? expensed this is CapEx is the much for you a be question outlook going the

Dana Armstrong

all that $XX that's capitalized. million, $XX Chris, to million

were two docks year done. Bangladesh. Those So in that the we have some did last That's dry were expensed.

Going forward, capital. vessels, other essentially the all it's eight all capital,

we million all guided $XX to that capital. million $XX that So to is

Christopher Robertson

you Okay. the for Great. regards to payment can will final mid-XXXX us what be? the payment of remind then mentioned And with in build, final you that amount new

Dana Armstrong

$XXX Yes, it's million. roughly

Christopher Robertson

the what's guess opportunities at looking you there? of guys I there, looking landscape strategically, Dominican some are Maybe out on at at the of going Republic Okay. all?

Steven Kobos

we we're -- Chris, in want your We've is interesting. the shy markets about specificity. I never I at. saying that this get our is don't that's certainly Hemisphere I we there's particular looking Steven. of think that lot one to mean been focus love into do areas a Americas. Western the

focus remain I it for our the of appropriate be a areas us our think will but tip geography. would don't to particular to One Americas, hat

Operator

comes Van Our Zack Everen next of from question TPH.

Zackery Van Everen

services? other side internationally, there. In you change do environment from guys' you everything de-stocks to for going Russia start macro high-level think might update a lower on with demand internationally, macro price on just guys better on countries in I demand just Obviously, wanted a on you based but and in the outlook. potentially Maybe your and seen a Ukraine guys' have global

Steven Kobos

is going a to I with on. peace me can would you Europe. for because good lot the elections we Sure. it. Certainly, we speak insight negotiations it be on don't give follow which Steven. for to Obviously, think did macro appropriate Sunday, followed speak but past Russia, this Zack, of some German this I

on in top. Chancellor, As Democrats Merz, Christian soon-to-be the expected came well, there,Â Chancellor and --

on add to expect and We you We to gas-fired quite balance asset and in he of to couple believe to coalition tight was Merz can a moment listen plants. them a clear offer as say, Germany, you points require geoeconomic supply-demand to that XX the just I'd campaign because look at power wants maybe geopolitical the the the government. that.Â Â First, proof balance for form And the to we speeches remain class, just that.

balancer significantly So we energy they as that requires increase gas and for security. the for a and it their of others to that know amount bat understand are need and they right and renewables Germany it, off receiving they the need they need it that economy

So think that's important. we

suffered had week. that And a they they windless is economy EUR ago down, known that on import to pipeline insurance billion when hard have overstate is that I'd Balticconnector think not I had but how would in the real EUR connected Gasgrid a thing weeks Gasgrid gas couple 'XX, and to said a nat calculated which of they note at snap, infrastructure, mention that is. that the billion Second of would was LNG our single this, X.X website.Â We've what Finland just back cold January the in posted time, I FSRU cheap the the in FSRUs, was it's gas system, only of between X saw their source there their

that Europe. cheap to insurance. you gas We insurance idea some just And maintain to for them cheap the we gives look to of this So them is of increase take. for this look how amount they

you unique, somewhat that LNG. ability on is to that the as providing our are to, We focus flex alluded in

having quickly run bear So did, as as to think from do online brought one's to they that going and it. we no away

the just developments take that's in Europe. So short on

Zackery Van Everen

Then an sense. I kind Alaska Vietnam gave a one QX, bit Anything Any in that. little makes of maybe update. That to projects? more. updates I you there? appreciate on touch around know of and guys

Steven Kobos

engage I to grateful out good I'll It the further emphasis appreciate want export the also hand be get at hand lead while those the LNG will it time. Yes. there is as happy I focus, in this on mean we're solution, the there's don't Alaska administration mean fight I'd and and that for into I'll I'll certainly, It's rhetoric going But LNG. export in on good believe over say, and need the near-term We seems We're as about American much. from projects then take to supporting that an -- still that to is company well. world. what the American to for though, Alaska. develops. for support. every to we to some have We That is this fantastic. Alaska on off moment. on But are side, being administration that is a focus to do constructed. that thoughts Vietnam It's gas Oliver it tailwinds Alaska export Steven. or get Trump ambitions say right Zack, over the from into. there's I the we now, I to while a Oliver further think too

Oliver Simpson

Yes. Thanks, and Zach. thanks, Steven, Yes.

So on bullish those opportunities there the behind The very the administration see that. think supports discussions to Vietnam, how just -- was work there's a -- Inlet. on said, country, the with ready Alaska, for I we some project. that a gas We're export there. We I always evolve. Â Looking now here, mean, new the in country continued good really Steven still in solution possibility.Â And obviously, focus near-term mean think the stemming last couple might Cook the -- fundamentals have those a We're And with momentum what I the in sort we from our on.Â I obviously, we continuing and positive, think there's echoing I of they on scenes. -- there's be very we're think solution, of this was were at mentioned that of I cognizant near-term imports. import from of demand LNG year. think that we'll focus

confident is our think we the of these We've a extremely make, hit see in we're the between great that volumes. our too, on projects some comment, our all tools between long-term newbuild, to between what got projects some I toolkit broader horizon. across coming conversion strategy, as I'd

to there, to about and the updates with pretty we back more excited look those. when guys on broad of we're set you out coming opportunities can we we forward So see

Operator

question comes from Stephens. Scialla next of Our Michael

Michael Scialla

to wanted as used a stock you plans the stock ask quarter. quarter? where place the that look the pretty I little in were put in new now you surprised fourth fourth the the to for on previous purchasing at up near repurchases. A of kind you authorization authorization Any

Steven Kobos

we're out. mean I'll Mike, with with the it's as pleased I program, start off Dana pointed that. very Steven. just

the think the in average somewhere that $XX across was purchase I change range. price and

it an do So was valuation We not this are we for is think we'll have that don't effective.Â Obviously, we like think said. very what we we appropriate being feel said, multiple But an still. always this getting company. appropriate

We liquidity. a have quite bit of

to deploy that allocation. We are and looking at capital best best ways

increase growth. Â Obviously, at we Our on would cash that the funding future to in growth we to came to to tools say I good with November. And just shareholders. successes, all have and did will continue have focus Board remains and we return flows the that to some visibility some value last as you year look we authorize

as road. growth So opportunities levers down us the our it be most appropriate and will to other

Michael Scialla

higher you how might anticipated Okay. for surprised sales the And than I about anything the I look look guess, quarter you was also optimizations fourth that on a your say little forward. during can and fourth as gas the XXXX? quarter, for

Dana Armstrong

Yes.

So quarter, fourth closed fourth that optimization the we we for two in the LNG quarter. had deals

And so with that. we margins were pleased on the

As gas sales number. in you the can it's see,

quarter, assumption deals, an obviously which for XX% say then have it but Atlantic of do to forward that we had will the core deal we XXXX, Basin LNG And I of don't optimization release is LNG of of Atlantic segment fourth the fourth optimization, add into some information, our in business. for but base the the cargo. Â Also, quarter. bulk the over assumed the is there. also Basin just rest that pulled For two the XXXX, includes the We we

in business and half of did Atlantic Basin the we into the obviously then quarter fourth quarter, think I we'll XXXX. in year, with other continue a first cargo the half this that

Operator

Theresa from comes of question next Barclays. Chen Our

Theresa Chen

for from balance Steven, the in supply and wanted FSRUs here. follow-up your to on about anticipated tightness the comment demand

as And about this to would color And conversion? cheap key having look Oliver your the made in think move well what do things will you it point economics able contract to to for compelling that you be as as this discussions at as more commercial forward? you option of flexible the the point? provide the mind, what on and insurance, regas, well potential take hurdles with the So think you do are newbuild you as

Steven Kobos

it's another like -- are the that effort European get of the chain.Â So and say there's supply that the shouldn't the are snap we Excelerate an a going the occupied example. moving focused the we are in just that's for but the drive to I value into this that on part Europe and in meaning summer commodity storage remind got they contracting little of good in want they're different an reasons, anticipated focus to in going long-term markets for specific most view supply.Â So for what them towards and in isn't I which an players, one a want softening to We coming lot from fact will cold just what lot of having, and to behavior South global be actual LNG more that on the infrastructure downstream long-term doing, and is optimization are allow the some for I can't affordable tighter nothing seeing, Theresa, slots to South, may upon in is as everybody are where exactly that there the as they other all distinguishes that they a for the are we're let's a the liquefaction people means doing that will who, access discussion, it world, to quickly. players price, because reminder Europe. Â So contracts, been the few don't have depending enthusiasm that there discussions is play. need people long-term finding have largely summer LNG for we in long-term that's indifferent we just to. What be access LNG they and reminders use they that I cold that reminding providing Europe, think summer affordable to that projects, of they're are took South refill just is the the now

possible. helping. you that's throughput, are if want markets. Â Obviously, throughput, There throughput if much about So about you different care as as care you

If to mentioned it, we front get need the you're boiling It the you how well at you everyone we tools have of around and not that ticks newbuild mentioned, if out, obviously, those don't those sending you because the you're to like into will out has about we care efficiency mix we're need oil send smaller about attributes a topside much send send world we less that, world, it we some relic. in being, the throughput need all that. it I we shore, require feel maybe be every conversion the of far to a of the boxes. the compression this throughput, in efficiency off that geographies different send point minimum point good.Â There about system.Â So in that care highest best-in-class and we're will your day some think care out, and maybe to think off talking But to some match best other world. and for has of Oliver It's positioned niche

Operator

Bobby Instructions] of Our [Operator question next Markets. Capital Northland Brooks comes from

Robert Brooks

just of that. through so a -- already sense remind And like us you capacity mentioned a help day to throughput for guys -- of can lot that get just wanted range how asked, Maybe I current fleet. you but that your to the A what's could on you just comparative newbuild, fleet? like deliver the got your my Bcf of I you if questions X is current --

David Liner

a somewhere capacity we've end that yes, are usually A said, We conversion range question. higher of regas Good Bcf, They're capacities. bottom highly our generally got of fleet X the up And at to fleet, specifically, yes, as be -- more Sure. in here. range. likely XXX But David X is Steven capable. so X from XXX would near can Bobby, it's Bcf. Bcf. our -- to newbuilds, and do

Robert Brooks

needs? and are more let's to your trying that LNG so fit a so like intentions looking that? what is Or Is -- we trying Are to will just buy an with just come? line the are you that can approaching and customer's with how then it carrier a approach conversion, there best I it Or deal it? -- an And market? build to was on on demand would match the of you for LNG, more specific out curious guys up what's at taking they it carrier go it -- out is then you

Oliver Simpson

think Oliver. for I supply Bobby, previous with the this carrier one. we we I'll had take that. for need that our this But call an deal, in a I LNG is think, Atlantic mentioned,

LNG our So I think an optimization base of for some for need opportunities. carrier we have a

that's So sort potentially that asset, for to some idea that look first doing of market. reduce lead the From to ordering with able be there, -- that's to the engineering, is we would time long look the we at have at items the first it. need

I critical that projects. is general, is that see our we time think to that's, for something customers our in market and

to what asset what a specifically within makes needs. we're to fleet conversion we We'll sense solution looking having convert and for that, on then specific and candidate customer's not on out will us But allow the there. us needs. based to what us customer bring then to a -- So the see the allow the reduce tailor to assess

Robert Brooks

was one appreciate last for just just XX.X% record it I previous XX-point what on guessing still color. was. And The terrific was reliability That's I record. fleet was that. a me. something. I'm curious then the

David Liner

it's numbers. was all sure ops engineering every going available, up do into the of something can hit question excess to you lot appreciate we've year. But a pops to depend got night, in because not our middle in make the in team. back means equipment I'm and kind work that minutes single goes we're whole able be the to of matter a a Everybody the of those really hard who the spares, achieve remarkable when the of Yes, achievement. effort I on we XX%. from I world few reliability from generally, a to customers mean the great us. a It of team, tremendous hours, sure question. online XX.X% get or

of that work of that forward. achieve going a and takes to continue lot it we to performance performance, hope So kind

Robert Brooks

when thing seems that powerful the is guys. a No for is same like the everybody and in case doubt. rowing Yes, direction, you it it's definitely

I'll the on queue. this year, to the congrats great So and results return

Operator

Craig next Tuohy. from comes question Our Shere of

Craig Shere

on conversion more the couple candidate. A

million to conversion? acquisition tens your millions assume of LNG cost, not shipyard an mean, $XXX carrier a fair would that And dollars, be on plus? First, of for access confidence for what's I that modest

Steven Kobos

Craig, this many table. is like Steven. to a I esteemed would so candidates. number off we say, the yes, any take And looking at just options we're while, don't people, of like

on -- this Capacity we'll utility the would in We're engineering you propulsions, cost first have cetera. you looking benefit I that options are at this? at of all of We the not of et is look gen be high take view to some too. the I And kinds But up team stage, LNGC of would going that was it mean, execution at thing don't confidence anything kinds come DFDE, David but prudent we at think view tell power we're and I that good shipyards. our what looking conversion, with on all to the versus table. as of the that, containment. can of as derisking off I

are to able comfortable will that Absolutely. to. we We need what we be execute

Craig Shere

It's to. fluid sounds But been quarters this it's Vietnam -- already There's good. three growth kind vague this it's Alaska. the been growth a a specific more quarter Sounds with little questions ongoing. alluded deck. prior was that -- and prospective more opportunities in environment. versus discussions Understand the quarter about -- project of like some And it are been

a You simmering could line opportunities building. at now the to two for before unreasonable years you've chunky opportunities. maybe someone for it don't in least cross one, year-end? front-run of think be finish opportunities that Would of had a want But couple to lot

Steven Kobos

But one, too, Steven. do well I'll that short don't that makes certainly, It is we This you guidance Yes, not that mentioned make. pursuing things term. are my can in Craig. as and and take intermediate either But are as drive because says, that. pursuing we think Dana simply that we in we know, I or I it's think have does binary. script,

first We do can't more to be the I the are you beneath And are surface. paddling than guys you, to hard going know. really tell

Operator

further time, have we questions. currently this At no

the team to further management remarks. back any hand for I'll So

Steven Kobos

here while job providing that, of with in. us you believe a and growth XXXX much. opportunities absolutely all want supply to the very global about big We all commitment beyond. thank everyone It's shareholders. conversation. Again, thank LNG joining us really appreciate value that Steven. to is us We This the our today. Sure. to one and in to call We're excited on connecting ahead markets our world the And of steadfast the I around for remain in

Operator

Thank joining you for all today.

now your may You disconnect lines.

Excelerate Energy (EE) 27 Feb 252024 Q4 Earnings call transcript