Excelerate Energy, Inc. (EE) released its third-quarter earnings, which, although lower compared to the previous year, surpassed Wall Street expectations.
The company reported a net income of $8.96 million, or $0.35 per share, in contrast to $13.89 million, or $0.40 per share, from the same period a year earlier.
According to a consensus estimate from Thomson Reuters, analysts had projected earnings of $0.31 per share, not accounting for special items.
Revenue for the quarter experienced a decline of 29.8%, falling to $193.42 million from $275.47 million in the previous year.
Summary of Excelerate Energy, Inc.'s Q3 Results (GAAP):
- Net Income: $8.96 million, down from $13.89 million last year.
- Earnings Per Share (EPS): $0.35, compared to $0.40 last year.
- Revenue: $193.42 million, down from $275.47 million last year.
