UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On August 5, 2022, Excelerate Energy, Inc. (the “Company”) announced that its Board of Directors (the “Board”) declared an inaugural quarterly cash dividend, with respect to the quarter ended June 30, 2022, of $0.025 per share of Class A common stock. The dividend is payable on September 7, 2022 to Class A common stockholders of record as of the close of business on August 19, 2022. The Company also announced that Excelerate Energy Limited Partnership, the Company’s operating subsidiary, will make a corresponding distribution of $0.025 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Description |
99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Excelerate Energy, Inc. |
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Date: |
August 5, 2022 |
By: |
/s/ Dana Armstrong |
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Executive Vice President and Chief Financial Officer (Principal Financial Officer) |
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Press Release |
Excelerate Energy Announces Inaugural Quarterly Cash Dividend
THE WOODLANDS, TX, August 5, 2022 – Excelerate Energy, Inc. (the “Company” or “Excelerate”) (NYSE: EE) announced today that its Board of Directors (the “Board”) declared an inaugural quarterly cash dividend, with respect to the quarter ended June 30, 2022, of $0.025 per share of Class A common stock. The dividend is payable on September 7, 2022 to Class A common stockholders of record as of the close of business on August 19, 2022.
Excelerate Energy Limited Partnership, the Company’s operating subsidiary, will make a corresponding distribution of $0.025 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment.
“Today’s announcement of Excelerate’s inaugural dividend marks a milestone for us and reflects the strength of our balance sheet and the Company’s commitment to returning capital to its shareholders. This dividend demonstrates the confidence that our Board and management team have in our downstream growth strategy and the future growth of our business,” said President and Chief Executive Officer Steven Kobos.
The declaration, timing, amount, and payment of future dividends remains at the discretion of the Company’s Board of Directors.
About Excelerate Energy
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding Excelerate’s future results of operations or financial condition, business strategy and plans, expansion plans and strategy, economic conditions, objectives of management for future operations and the payment of dividends and declaration of future dividends, including the timing and amount thereof, are forward-looking statements. All forward-looking statements are based on assumptions or judgments about future events that may or may not be correct or necessarily take place and that are by their nature subject to significant risks, uncertainties and contingencies, including the risk factors that Excelerate identifies in its Securities and Exchange Commission filings, many of which are outside the control of Excelerate. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Excelerate undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
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CONTACTS
Investors
Craig Hicks
Excelerate Energy
Craig.Hicks@excelerateenergy.com
Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
Excelerate-SVC@sardverb.com
or
media@excelerateenergy.com
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Document And Entity Information |
Aug. 05, 2022 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 05, 2022 |
Entity Registrant Name | Excelerate Energy, Inc. |
Entity Central Index Key | 0001888447 |
Entity Emerging Growth Company | true |
Entity File Number | 001-41352 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 87-2878691 |
Entity Address, Address Line One | 2445 Technology Forest Blvd. |
Entity Address, Address Line Two | Level 6 |
Entity Address, City or Town | The Woodlands |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 77381 |
City Area Code | 832 |
Local Phone Number | 813-7100 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Ex Transition Period | false |
Title of 12(b) Security | Class A Common Stock, $0.001 par value per share |
Trading Symbol | EE |
Security Exchange Name | NYSE |
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