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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of EELP declared and paid distributions to all interest holders, including Excelerate.

During the years ended December 31, 2023 and 2022, EELP declared and paid distributions to all interest holders, including Excelerate. Excelerate has used and will continue to use proceeds from such distributions to pay dividends to holders of Class A Common Stock. The following table details the distributions and dividends for the periods presented:

 

 

 

 

Class B Interests

 

 

Class A Common Stock

 

Dividend and distribution for the quarter ended

 

Date Paid or To Be Paid

 

Distributions Paid or To Be Paid

 

 

Total Dividends Declared

 

 

Dividend Declared per Share

 

 

 

 

 

(In thousands)

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

March 28, 2024

 

$

2,051

 

 

$

668

 

 

$

0.025

 

September 30, 2023

 

December 13, 2023

 

$

2,050

 

 

$

669

 

 

$

0.025

 

June 30, 2023

 

September 7, 2023

 

$

2,051

 

 

$

666

 

 

$

0.025

 

March 31, 2023

 

June 8, 2023

 

$

2,051

 

 

$

669

 

 

$

0.025

 

2022

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

April 27, 2023

 

$

2,051

 

 

$

663

 

 

$

0.025

 

September 30, 2022

 

December 14, 2022

 

$

2,051

 

 

$

658

 

 

$

0.025

 

June 30, 2022

 

September 7, 2022

 

$

2,051

 

 

$

656

 

 

$

0.025

 

Under the terms of the EELP Limited Partnership Agreement, we are also required to make pro rata income tax distributions to the owner of Class B Interests. During the year ended December 31, 2023, we made $6.0 million in tax distributions.