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and History Excelerate, a Delaware corporation incorporated in 2021, was formed as a holding company to own, as its sole material asset, a controlling equity interest in Excelerate Energy Limited Partnership ( EELP ), a Delaware limited partnership formed in 2003 by George B. Since April 2022 and in conjunction with its initial public offering (the IPO ), Excelerate operates and controls all of…
21.71% operating margin is above average. ROIC at 8.07%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 44.3%, still solid. Margins contracted 3.5pp, which offsets some of the top-line progress.
Operating margin contracted 3.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$1.35B
▲ +44.3% YoY
Net Income (TTM)
$40M
▲ +19.2% YoY
Op. Margin
21.01%
▼ -3.5pp YoY
ROIC
7.22%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$221M
▲ +127.3% YoY
Op. Cash Flow (TTM)
$366M
▲ +88.7% YoY
Net Debt
$714M
Cash & Equiv.
$540M
5Y CAGR: +23.3%
5Y CAGR: +34.5%
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