Excelerate Energy, Inc. EE) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET

Company Participants

Steven Kobos - President & CEO

Dana Armstrong - EVP & CFO

Craig Hicks - VP, IR

Conference Call Participants

Michael Blum - Wells Fargo Securities

Craig Shere - Tuohy Brothers Investment Research

Operator

Hello, everyone, and welcome to the Excelerate Energy 3Q 2022 earnings call. My name is Drew, and I'll be coordinating your call today. [Operator Instructions].

I would now like to turn the call over to Craig Hicks, Vice President, Investor Relations. Please go ahead.

Craig Hicks

Thank you, and good morning, everyone. Yesterday afternoon, we released our third quarter earnings press release, along with the presentation that our President and Chief Executive Officer, Steven Kobos; and our Chief Financial Officer, Dana Armstrong, will speak to you this morning.

I would like to remind everyone that we will be making forward-looking statements on this call that involve a number of risks and uncertainties. Our actual results may differ materially from those expressed in these forward-looking statements, and we make no obligation to update or revise them. Also, during the call, we'll also discuss several non-GAAP financial measures. We’ve provided a reconciliation to the most directly comparable GAAP financial measures at the back of the presentation.

And with that, it's my pleasure to pass the call over to Steven Kobos.

Steven Kobos

Hi, there. Thanks, Craig, and thank you all for joining us this morning. Excelerate delivered another strong quarter of financial results, as we continue to advance our growth strategy and make good progress on our commercial opportunities. Against the backdrop of the most significant energy market disruption since the 1970s, we've seen the true value of Excelerate’s flexible business model, which enables us to adapt our asset portfolio to deliver optimal solutions that scale with our customers’ needs. Through the quarter, we demonstrated once again our ability to navigate successfully the complexity of today's global LNG market. We are expanding our reach in both new and existing markets by pursuing attractive growth opportunities and deploying our flexible LNG infrastructure. In our short time as a public company, we've rebalanced our commercial portfolio to address increasing LNG demand and energy security concerns in Europe. Our fleet flexibility has also allowed us to capture economic upside from elevated FSRU charter rates, while we continue to position our gas sales business for growth and increased profitability over the long term. On this morning's call, I'll focus my remarks on our third quarter financial results, the current state of the global LNG market, and progress on our commercial opportunities. Dana will then walk through the details of our quarterly performance and our 2022 financial outlook, before we open the call to your questions.