Excelerate Energy, Inc. (NYSE:EE) Plans $0.08 Quarterly Dividend

Key Points

• $0.08 quarterly dividend announced (annualized $0.32) with an ex‑dividend/record date of May 20 and payment on June 4, implying a yield of about 0.9%.
• The dividend appears well covered with a payout ratio of 18.9%, and analysts forecast $2.23 EPS next year (implying an expected payout ratio near 14.3%), suggesting sustainability.
• Latest quarter revenue rose 15.6% YoY to $317.6M while EPS of $0.29 missed estimates by $0.01; the stock trades around $34.87 with a market cap near $3.98B and a 52‑week range of $21.28–$43.17.

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) announced a quarterly dividend on Thursday, April 30th. Investors of record on Wednesday, May 20th will be given a dividend of 0.08 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 20th.

Excelerate Energy has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.3%.

Excelerate Energy Trading Down 0.1%

Excelerate Energy stock opened at $34.87 on Friday. The stock has a market cap of $3.98 billion, a PE ratio of 26.42, a P/E/G ratio of 1.11 and a beta of 1.41. The stock has a 50-day moving average price of $35.36 and a 200 day moving average price of $32.02. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.54.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Excelerate Energy had a net margin of 3.19% and a return on equity of 4.12%. The firm had revenue of $317.57 million during the quarter, compared to analysts' expectations of $293.49 million. During the same quarter last year, the company posted $0.40 earnings per share. Excelerate Energy's revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts predict that Excelerate Energy will post 1.66 earnings per share for the current fiscal year.

Excelerate Energy Company Profile

Excelerate Energy NYSE: EE is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.