Excelerate Energy Inc-A 2025年季度报告

For the quarterly period endedMarch 31,2025OR The Woodlands,TX(Address of principal executive offices) FINANCIAL INFORMATIONFinancial StatementsConsolidated Balance Sheets Note 9 – Long-term debt, netNote 10 – Long-term debt – related party 2Note 11 – EquityNote 12 – Earnings per shareNote 13 – LeasesNote 14 – RevenueNote 15 – Long-term incentive compensationNote 16 – Income taxesNote 17 – Related party transactionsNote 18 – Concentration riskNote 19 – Commitments and contingenciesNote 20 – Supplemental noncash disclosures for consolidated statement of cash flowsNote 21 – Accumulated other comprehensive incomeNote 22 – Subsequent eventsManagement’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market RiskControls and ProceduresOTHER INFORMATIONLegal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibitsSignatures This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains forward-looking statements, within the meaning of the PrivateSecurities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended (the “SecuritiesAct”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), about Excelerate Energy, Inc.(“Excelerate” and together with its subsidiaries, “we,” “us,” “our” or the “Company”) and our industry that involve substantial risksand uncertainties. All statements other than statements of historical fact including, without limitation, statements regarding ourfuture results of operations or financial condition, business strategy and plans, expansion plans and strategy, economic conditions,both generally and in particular in the regions in which we operate or plan to operate, objectives of management for futureoperations and the Pending Acquisition (as defined herein) and financing thereof, are forward-looking statements. In some cases,you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “consider,” “contemplate,” “continue,” December 31, 2024 (the “2024 Annual Report”), this Form 10-Q and our other filings with the Securities and ExchangeCommission (“SEC”), including, but not limited to, the following: •our ability to close the Pending Acquisition, the anticipated timing and terms of the Pending Acquisition, our ability torealize the anticipated benefits of the Pending Acquisition, including the expected accretion to earnings per share andthe expected increase to our operating cash flow and our ability to manage the risks of the Pending Acquisition;•unplanned issues, including time delays, unforeseen expenses, cost inflation, materials or labor shortages, which couldresult in delayed receipt of payment or existing or anticipated project cancellation;•the competitive market for liquefied natural gas (“LNG”) regasification services;•changes in the supply of and demand for and price of LNG and natural gas and LNG regasification capacity; •our debt level and finance lease liabilities, which may limit our flexibility in obtaining additional financing, orrefinancing credit facilities upon maturity;•our financing agreements, which include financial restrictions and covenants and are secured by certain of our vessels;•our ability to enter into or extend contracts with customers and our customers’ failure to perform their contractualobligations; •our ability to maintain relationships with our existing suppliers, source new suppliers for LNG and critical componentsof our projects and complete building out our supply chain; •the risks inherent in operating our FSRUs and other LNG infrastructure assets;•customer termination rights in our contracts; •adverse effects on our operations due to disruption of third-party facilities; •infrastructure constraints and community and political group resistance to existing and new LNG and natural gasinfrastructure over concerns about the environment, safety and terrorism; •acts of terrorism, war or political or civil unrest; •compliance with various international treaties and conventions and national and local environmental, health, safety andmaritime conduct laws that affect our operations; and his interests possibly conflicting with those of our other stockholders; •the possibility that EELP (as defined herein) will be required to make distributions to us and the other partners ofEELP; •our dependence upon distributions from our subsidiaries to pay dividends, if any, taxes and other expenses and makepayments under the Tax Receivable Agreement (“TRA”); •the requirement that we pay over to the TRA Beneficiaries (as defined herein) most of the tax benefits we receive; and•other risks, uncertainties and factors set forth in the 2024 Annual Report, this Form 10-Q and our other filings with the SEC, if applicable, including those set forth under “Risk Factors,” “Managemen