GBA Presents: RADIO SAVANT-!

stonedinvestor said:
GUMMY POTENTIAL


Safe-T Group Ltd (SFET)
NasdaqCM - NasdaqCM Real Time Price.
3.6200+0.5800 (+19.08%)
At close: November 10 04:00PM EST
3.7701 +0.15 (+4.15%)
Pre-Market: 09:25AM EST
More...





$3.48 open!

Safe-T Group Ltd (SFET)
NasdaqCM - NasdaqCM Real Time Price.
3.9999+0.3799(+10.4945%)<------$$$$$$$$$$$$$$
As of 09:42AM EST.
 
stonedinvestor said:
Steel Dynamics announces additional $1.5B share repurchase program 16:32 STLD Steel Dynamics announced that the company's board of directors authorized an additional share repurchase program of up to $1.5B of the company's common stock. The authorization is effective immediately and is additive to the previous $1.25B program, which had $245M remaining authorized and available for repurchase on September 30.
More...




HOLY CRAP I LOST TRACK OF THIS MONSTER--- $100. VAN!
 
29c0c440-2a63-11eb-aff7-af8d7ebd46a4

Excelerate Energy Announces Third Quarter 2022 Results

  • a91c2e5d1aab8ce5dbb00307d0f2a116

    Wed, November 9, 2022, 5:31 PM


    In this article:
    • EE
      -1.97%






    THE WOODLANDS, Texas, November 09, 2022--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the "Company" or "Excelerate") today reported its financial results for the third quarter ended September 30, 2022.

    RECENT HIGHLIGHTS
    • Reported Net Income of $37.3 million for the third quarter

    • Reported Adjusted Net income of $38.6 million for the third quarter

    • Reported Adjusted EBITDAR of $86.4 million for the third quarter

    • Finland charter hire commenced October 1st; winterization upgrades for the FSRUExemplarare ongoing

    • Signed definitive agreement to deploy FSRUExcelsiorto Germany for 5 years

    • Executed shipbuilding contract with Hyundai Heavy Industries

    • The Excelerate Board declared a quarterly dividend of $0.025 per share on November 8th

    • Full year 2022 EBITDA and EBITDAR guidance range increased
    CEO COMMENT

    "Excelerate Energy delivered another great quarter, demonstrating the strength of our flexible business model against the backdrop of the most significant energy market disruption in decades," said President and Chief Executive Officer Steven Kobos. "We are successfully executing our strategy to deploy our flexible LNG infrastructure and pursue downstream opportunities to expand our reach in both new and existing markets. As a result, we remain positioned well for growth and to deliver sustained value creation for shareholders over the long-term.


    "Flexible access to LNG continues to play a critical role in providing cleaner and more reliable energy to countries across the globe," continued Kobos. "Our portfolio approach to managing our FSRU fleet provides us with a unique ability to deliver the best solutions that scale with our customers’ needs in both developed and emerging markets. We look forward to continuing to help countries bolster their energy security and achieve their decarbonization goals."

    THIRD QUARTER 2022 FINANCIAL RESULTS



    Net income increased over the second quarter of 2022, primarily due to the one-time charge in second quarter related to the early extinguishment of theExcellencelease as part of the IPO-related FSRU acquisition, in addition to the Adjusted EBITDA variance drivers below.

    Adjusted EBITDA and Adjusted EBITDAR for the third quarter of 2022 increased over the prior quarter due to lower idle fuel costs, lower repair and maintenance expenses, and higher margins from the Bahia Blanca seasonal charter in Argentina. This was partially offset by an increase in selling, general, and administrative expenses, primarily driven by higher consulting costs to support the Company’s transition to a public company structure, along with higher expenses related to business development and marketing activities.

    KEY PROJECT UPDATES

    Finland

    The Finland charter hire commenced on October 1, 2022, and the FSRUExemplaris currently undergoing customer requested winterization upgrades during a technical stop at the Navantia shipyard in Ferrol, Spain. Excelerate and Gasgrid Finland previously announced an executed 10-year, time charter party agreement for Excelerate to provide LNG regasification services, which are expected to commence in the fourth quarter of 2022.

    Germany

    In October 2022, Excelerate signed a five-year charter contract with the German government for the FSRUExcelsior. TheExcelsioris expected to provide regasification services at Germany’s planned LNG import terminal which is being developed at the port of Wilhelmshaven by Tree Energy Solutions, E.ON, and ENGIE. Excelerate previously announced that the Company and ENGIE signed a term sheet for the deployment of an FSRU to provide flexible and secure LNG regasification capacity for Germany as it continues to seek alternatives to Russian pipeline gas supply.



    In October 2022, Excelerate signed a binding Shipbuilding Contract with Hyundai Heavy Industries Co., Ltd. ("HHI") for a new FSRU to be delivered in June 2026. The state-of-the-art FSRU will be equipped with HHI’s proprietary LNG regasification system, dual fuel engines, selective catalytic reduction system, best-in-class containment system and boil-off gas management, and other innovative technologies which will drive improved performance and efficiency while lowering emissions. With this newbuild order, Excelerate now has eleven FSRUs in operation or under construction.

    Bahia Blanca

    The FSRUExemplarcompleted its seasonal regasification charter at the Bahia Blanca GasPort in Argentina on August 31, 2022. During this period, theExemplarprovided critical security of supply for Argentina by receiving and re-gasifying twelve LNG cargos.

    LIQUIDITY AND CAPITAL RESOURCES

    As of September 30, 2022, Excelerate had $345.7 million in cash and cash equivalents. As of September 30, 2022, the Company had letters of credit issued of $40 million and no outstanding borrowings under its $350 million senior secured revolving credit facility.

    On November 8, 2022, Excelerate’s Board of Directors (the "Board") approved a quarterly dividend equal to $0.025 per share of Class A common stock, which will be paid on December 14, 2022, to shareholders of record at the close of business on November 22, 2022.

    2022 FINANCIAL OUTLOOK

    Excelerate is increasing its full year 2022 guidance range. Adjusted EBITDA is now expected to range between $264 million and $274 million. The previous range was between $249 million and $269 million. In addition, the Company now expects full year 2022 Adjusted EBITDAR to range between $300 million and $310 million. The previous range was between $285 million and $305 million.


 
" DIPLOMATIC SOLUTIONS "

UKRAINE FORCES TO ENETR KHERSON

DEFENSE STOCKS DOWN-- VAN WAS RIGHT! DARN IT! :D

Northrop Grumman Corporation (NOC)
NYSE - Nasdaq Real Time Price.
506.98-24.61(-4.63%)
As of 10:01AM EST. Market open.
 
You must log in or register to reply here.
Back
Top