Excelerate Energy(NYSE:EE) 
El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a gene...
Website: https://excelerateenergy.com/
Founded: 2003
Sector: Utilities
Industry: Utilities - Regulated Electric
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||
lng, gas and power | 275,176,000 | 164,024,000 | 245,163,000 | 55,723,000 | |||||||||||||
terminal services | 158,263,000 | 153,549,000 | 145,881,000 | 148,833,000 | |||||||||||||
total revenues | 433,439,000 | 317,573,000 | 391,044,000 | 204,556,000 | 315,090,000 | 274,572,000 | 193,419,000 | 183,333,000 | 200,113,000 | 240,064,000 | 275,471,000 | 432,372,000 | 211,056,000 | 455,110,000 | 803,261,000 | 622,929,000 | 591,673,000 |
yoy | 37.56% | 15.66% | 102.17% | 11.58% | 57.46% | 14.37% | -29.79% | -57.60% | -5.18% | -47.25% | -65.71% | -30.59% | -64.33% | ||||
qoq | 36.48% | -18.79% | 91.17% | -35.08% | 14.76% | 41.96% | 5.50% | -8.39% | -16.64% | -12.85% | -36.29% | 104.86% | -53.63% | -43.34% | 28.95% | 5.28% | |
operating expenses | 53,084,000 | 51,220,000 | 44,524,000 | 46,023,000 | |||||||||||||
cost of lng, gas and power | 243,045,000 | 134,756,000 | 201,885,000 | 40,427,000 | |||||||||||||
depreciation and amortization | 31,007,000 | 32,403,000 | 31,758,000 | 25,518,000 | 21,643,000 | 22,598,000 | 23,031,000 | 30,400,000 | 22,910,000 | 25,197,000 | 33,161,000 | 30,772,000 | 25,193,000 | 24,626,000 | 24,648,000 | 24,296,000 | 23,743,000 |
selling, general and administrative expenses | 24,336,000 | 28,153,000 | 23,439,000 | 21,543,000 | 21,352,000 | 23,477,000 | 23,819,000 | 25,300,000 | 21,552,000 | 24,083,000 | 19,513,000 | 21,563,000 | 22,317,000 | 21,623,000 | 18,778,000 | 13,064,000 | 12,634,000 |
transition and transaction expenses | 675,000 | 2,217,000 | 27,659,000 | 3,682,000 | |||||||||||||
total operating expenses | 351,472,000 | 247,207,000 | 303,823,000 | 161,170,000 | 249,374,000 | 214,356,000 | 133,680,000 | 133,452,000 | 154,954,000 | 200,206,000 | 207,973,000 | 378,692,000 | 161,487,000 | 396,756,000 | 753,349,000 | 583,638,000 | 552,545,000 |
operating income | 81,967,000 | 70,366,000 | 87,221,000 | 43,386,000 | 65,716,000 | 60,216,000 | 59,739,000 | 49,881,000 | 45,159,000 | 39,858,000 | 67,498,000 | 53,680,000 | 49,569,000 | 58,354,000 | 49,912,000 | 39,291,000 | 39,128,000 |
yoy | 24.73% | 16.86% | 46.00% | -13.02% | 45.52% | 51.08% | -11.50% | -7.08% | -8.90% | -31.70% | 35.23% | 36.62% | 26.68% | ||||
qoq | 16.49% | -19.32% | 101.03% | -33.98% | 9.13% | 0.80% | 19.76% | 10.46% | 13.30% | -40.95% | 25.74% | 8.29% | -15.05% | 16.91% | 27.03% | 0.42% | |
operating margin % | 18.91% | 22.16% | 22.30% | 21.21% | 20.86% | 21.93% | 30.89% | 27.21% | 22.57% | 16.60% | 24.50% | 12.42% | 23.49% | 12.82% | 6.21% | 6.31% | 6.61% |
other income | 4,476,000 | 4,187,000 | 3,398,000 | 6,285,000 | 6,154,000 | 5,724,000 | 6,525,000 | 5,707,000 | 4,957,000 | 4,163,000 | 5,263,000 | 2,268,000 | 3,904,000 | 4,857,000 | 657,000 | -1,086,000 | -4,116,000 |
interest expense | -24,538,000 | -24,566,000 | -24,899,000 | -20,683,000 | -11,058,000 | -11,451,000 | -11,711,000 | -12,057,000 | -12,146,000 | -13,108,000 | -13,926,000 | -13,479,000 | -11,955,000 | -9,619,000 | -9,454,000 | -7,800,000 | -7,054,000 |
interest expense – related party | -3,071,000 | -3,189,000 | -3,236,000 | -3,249,000 | -3,258,000 | -3,367,000 | -3,411,000 | -3,419,000 | -3,460,000 | -3,750,000 | -3,592,000 | -3,593,000 | -3,592,000 | -3,711,000 | -4,235,000 | -5,493,000 | -12,173,000 |
earnings from equity method investment | 604,000 | 644,000 | 497,000 | 600,000 | 596,000 | 562,000 | 562,000 | 592,000 | 531,000 | 625,000 | -550,000 | 392,000 | 416,000 | 563,000 | 625,000 | 732,000 | 778,000 |
income before income taxes | 59,438,000 | 47,442,000 | 62,981,000 | 26,339,000 | 58,150,000 | 51,684,000 | 51,704,000 | 40,704,000 | 35,041,000 | 27,788,000 | 54,693,000 | 39,268,000 | 38,342,000 | 50,444,000 | 37,505,000 | 3,810,000 | 16,563,000 |
provision for income taxes | -9,460,000 | -8,356,000 | -7,937,000 | -5,574,000 | -6,027,000 | -5,613,000 | -6,158,000 | -7,427,000 | -6,901,000 | -7,744,000 | -8,188,000 | -9,712,000 | -7,603,000 | -16,574,000 | -233,000 | -7,800,000 | |
net income | 49,978,000 | 39,086,000 | 55,044,000 | 20,765,000 | 52,123,000 | 46,071,000 | 45,546,000 | 33,277,000 | 28,140,000 | 20,044,000 | 46,505,000 | 29,556,000 | 30,739,000 | 33,870,000 | 37,272,000 | -3,990,000 | 12,844,000 |
yoy | -4.12% | -15.16% | 20.85% | -37.60% | 85.23% | 129.85% | -2.06% | 12.59% | -8.46% | -40.82% | 24.77% | -840.75% | 139.33% | ||||
qoq | 27.87% | -28.99% | 165.08% | -60.16% | 13.14% | 1.15% | 36.87% | 18.26% | 40.39% | -56.90% | 57.35% | -3.85% | -9.24% | -9.13% | -1034.14% | -131.07% | |
net income margin % | 11.53% | 12.31% | 14.08% | 10.15% | 16.54% | 16.78% | 23.55% | 18.15% | 14.06% | 8.35% | 16.88% | 6.84% | 14.56% | 7.44% | 4.64% | -0.64% | 2.17% |
less net income attributable to non-controlling interests | 37,658,000 | 24,466,000 | 41,092,000 | 16,036,000 | 40,736,000 | ||||||||||||
net income attributable to shareholders | 12,320,000 | 9,131,000 | 13,952,000 | 4,729,000 | 11,387,000 | 10,927,000 | 8,955,000 | 6,672,000 | 6,324,000 | 3,708,000 | 13,892,000 | 5,968,000 | 6,844,000 | 6,526,000 | 8,828,000 | ||
net income per common share – basic | 380 | 280 | 440 | 150 | 480 | 430 | 360 | 270 | 240 | 140 | 530 | 230 | 260 | 250 | 340 | ||
net income per common share – diluted | 370 | 270 | 430 | 150 | 460 | 420 | 350 | 260 | 240 | 200 | 400 | 230 | 260 | 250 | 340 | ||
weighted-average shares outstanding – basic | 32,078,044,000 | 29,879,889,000 | 32,001,766,000 | 31,489,508,000 | 23,900,116,000 | 25,400,181,000 | 25,009,326,000 | 25,175,057,000 | 26,161,691,000 | 26,256,104,000 | 26,254,243,000 | 26,254,167,000 | 26,254,167,000 | 26,254,167,000 | 26,254,167,000 | 26,254,167,000 | |
weighted-average shares outstanding – diluted | 32,982,088,000 | 30,623,297,000 | 32,692,679,000 | 32,162,826,000 | 106,751,592,000 | 25,844,735,000 | 25,468,541,000 | 25,338,067,000 | 26,182,050,000 | 108,299,587,000 | 108,295,819,000 | 26,266,312,000 | 26,269,862,000 | 26,262,107,000 | 26,260,861,000 | 26,254,167,000 | |
fsru and terminal services | 148,365,000 | 154,044,000 | 150,139,000 | 150,987,000 | 156,994,000 | 129,594,000 | 133,177,000 | 125,462,000 | 118,577,000 | 122,147,000 | 115,346,000 | 110,072,000 | 97,592,000 | ||||
gas sales | 166,725,000 | 120,528,000 | 43,280,000 | 32,346,000 | 43,119,000 | 110,470,000 | 142,294,000 | 306,910,000 | 92,479,000 | 332,963,000 | 687,915,000 | 512,857,000 | 494,081,000 | ||||
cost of revenue and vessel operating expenses | 41,938,000 | 52,987,000 | 45,431,000 | 46,579,000 | 70,613,000 | 71,519,000 | 49,190,000 | 48,664,000 | 58,792,000 | 50,201,000 | 50,258,000 | 58,673,000 | 50,063,000 | ||||
direct cost of gas sales | 160,759,000 | 115,294,000 | 41,399,000 | 31,173,000 | 39,879,000 | 79,407,000 | 106,109,000 | 277,693,000 | 55,185,000 | 300,086,000 | 658,320,000 | 485,023,000 | 463,352,000 | ||||
less net income attributable to non-controlling interest | 35,144,000 | 36,591,000 | 26,605,000 | 21,816,000 | 16,336,000 | 32,613,000 | 23,588,000 | 23,895,000 | 28,195,000 | 28,571,000 | -831,000 | -816,000 | |||||
restructuring, transition and transaction expenses | 220,000 | 1,345,000 | 2,582,000 | 2,753,000 | |||||||||||||
early extinguishment of lease liability on vessel acquisition | -21,834,000 | ||||||||||||||||
less net loss attributable to non-controlling interest – ene onshore | -851,000 | -127,000 | -181,000 | ||||||||||||||
less pre-ipo net income attributable to eelp | -947,000 | ||||||||||||||||
net loss attributable to shareholders | -2,031,000 | ||||||||||||||||
net loss per common share – basic | -80 | ||||||||||||||||
net loss per common share – diluted | -80 | ||||||||||||||||
benefit from income taxes | -3,719,000 | ||||||||||||||||
less net (loss) attributable to non-controlling interest – ene onshore | -237,000 | ||||||||||||||||
net income attributable to partners | 13,897,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||
current assets | |||||||||||||||||
cash and cash equivalents | 540,143,000 | 538,234,000 | 462,618,000 | 425,998,000 | 619,469,000 | 537,522,000 | 608,447,000 | 609,082,000 | 578,882,000 | 555,853,000 | 602,870,000 | 462,001,000 | 530,425,000 | 516,659,000 | 345,682,000 | 386,337,000 | 82,905,000 |
current portion of restricted cash | 4,188,000 | 3,239,000 | 4,215,000 | 3,245,000 | 3,554,000 | 2,612,000 | 3,625,000 | 2,650,000 | 3,613,000 | 2,655,000 | 3,579,000 | 2,638,000 | 3,557,000 | 2,614,000 | 3,458,000 | 2,461,000 | 3,347,000 |
accounts receivable | 92,728,000 | 82,714,000 | 119,379,000 | 78,831,000 | 85,679,000 | 119,960,000 | 81,506,000 | 45,774,000 | 66,416,000 | 97,285,000 | 44,761,000 | 145,608,000 | 57,761,000 | 79,694,000 | 326,260,000 | 191,324,000 | 116,405,000 |
current portion of net investments in sales-type leases | 34,302,000 | 38,870,000 | 43,588,000 | 45,367,000 | 44,393,000 | 43,471,000 | 42,616,000 | 18,805,000 | 18,034,000 | 16,463,000 | 14,672,000 | 13,980,000 | 13,544,000 | 13,344,000 | 12,759,000 | 12,200,000 | 12,775,000 |
other current assets | 95,833,000 | 90,308,000 | 64,878,000 | 55,898,000 | 26,724,000 | 50,714,000 | 27,781,000 | 27,472,000 | 26,651,000 | 24,410,000 | 32,636,000 | 36,629,000 | 24,397,000 | 35,026,000 | 20,499,000 | 20,861,000 | 28,382,000 |
total current assets | 767,194,000 | 753,365,000 | 694,678,000 | 609,339,000 | 779,819,000 | 754,279,000 | 763,975,000 | 703,783,000 | 693,596,000 | 699,612,000 | 716,721,000 | 688,928,000 | 761,863,000 | 823,535,000 | 956,023,000 | 683,052,000 | 307,235,000 |
restricted cash | 15,278,000 | 15,045,000 | 14,955,000 | 14,838,000 | 14,582,000 | 14,361,000 | 14,413,000 | 14,410,000 | 14,157,000 | 13,950,000 | 19,733,000 | 19,482,000 | 19,076,000 | 18,698,000 | 17,907,000 | 16,903,000 | 16,104,000 |
property and equipment | 2,129,786,000 | 2,132,045,000 | 2,129,640,000 | 2,098,767,000 | 1,649,675,000 | 1,622,896,000 | 1,585,595,000 | 1,654,707,000 | 1,650,204,000 | 1,649,779,000 | 1,663,582,000 | 1,685,705,000 | 1,706,245,000 | 1,455,683,000 | 1,417,570,000 | 1,416,202,000 | 1,412,474,000 |
intangible assets | 355,309,000 | 359,221,000 | 363,052,000 | 365,378,000 | |||||||||||||
goodwill | 238,468,000 | 234,994,000 | 244,993,000 | 249,240,000 | |||||||||||||
operating lease right-of-use assets | 162,317,000 | 167,188,000 | 172,834,000 | 177,123,000 | 6,287,000 | 8,706,000 | 10,252,000 | 12,498,000 | 78,611,000 | 84,786,000 | 91,779,000 | 98,598,000 | |||||
net investments in sales-type leases | 331,205,000 | 337,944,000 | 344,532,000 | 353,817,000 | 365,507,000 | 376,814,000 | 388,120,000 | 373,201,000 | 378,184,000 | 383,547,000 | 387,555,000 | 392,007,000 | 395,998,000 | 399,564,000 | 403,438,000 | 407,143,000 | 409,543,000 |
investments in equity method investee | 18,883,000 | 18,095,000 | 20,222,000 | 19,801,000 | 19,425,000 | ||||||||||||
deferred tax assets | 24,040,000 | 25,224,000 | 27,382,000 | 31,295,000 | 26,997,000 | 27,559,000 | 34,986,000 | 39,062,000 | 41,812,000 | 42,948,000 | 42,804,000 | 37,741,000 | 39,185,000 | 39,867,000 | 51,155,000 | 47,154,000 | |
other assets | 92,619,000 | 88,340,000 | 84,691,000 | 90,482,000 | 61,438,000 | 68,011,000 | 57,790,000 | 60,589,000 | 58,690,000 | 42,987,000 | 44,463,000 | 40,681,000 | 41,567,000 | 26,342,000 | 29,320,000 | 26,621,000 | 29,331,000 |
total assets | 4,135,099,000 | 4,131,461,000 | 4,096,979,000 | 4,010,080,000 | 2,917,443,000 | 2,883,215,000 | 2,864,401,000 | 2,867,432,000 | 2,857,681,000 | 2,860,379,000 | 2,904,035,000 | 2,899,892,000 | 3,000,633,000 | 2,866,822,000 | 2,981,466,000 | 2,712,722,000 | 2,295,628,000 |
liabilities and equity | |||||||||||||||||
current liabilities | |||||||||||||||||
accounts payable | 8,231,000 | 46,570,000 | 51,131,000 | 20,586,000 | 48,267,000 | 7,135,000 | 8,598,000 | 8,249,000 | 7,304,000 | 13,761,000 | 10,827,000 | 46,991,000 | 10,674,000 | 94,770,000 | 367,713,000 | 140,242,000 | 22,515,000 |
accrued liabilities and other liabilities | 161,484,000 | 123,027,000 | 125,909,000 | 101,902,000 | 74,364,000 | 71,573,000 | 68,922,000 | 89,651,000 | 93,611,000 | 88,052,000 | 62,794,000 | 59,710,000 | 54,658,000 | 66,888,000 | 74,262,000 | 64,457,000 | 112,639,000 |
current portion of deferred revenues | 42,065,000 | 57,135,000 | 33,182,000 | 34,670,000 | 30,667,000 | ||||||||||||
current portion of long-term debt | 23,708,000 | 23,521,000 | 23,230,000 | 20,097,000 | 46,993,000 | 46,793,000 | 46,448,000 | 46,243,000 | 44,383,000 | 42,614,000 | 40,705,000 | 29,507,000 | 21,057,000 | 20,913,000 | 20,670,000 | 17,531,000 | 19,939,000 |
current portion of long-term debt – related party | 9,872,000 | 10,521,000 | 9,473,000 | 9,291,000 | 9,140,000 | 8,943,000 | 8,777,000 | 8,617,000 | 8,487,000 | 8,336,000 | 8,170,000 | 8,003,000 | 7,864,000 | 7,661,000 | 7,514,000 | 7,369,000 | 7,250,000 |
current portion of operating lease liabilities | 24,717,000 | 23,904,000 | 23,528,000 | 23,217,000 | 1,744,000 | 3,911,000 | 5,982,000 | 7,838,000 | 33,612,000 | 32,110,000 | 31,668,000 | 31,884,000 | |||||
current portion of finance lease liabilities | 25,363,000 | 25,382,000 | 24,590,000 | 24,212,000 | 23,841,000 | 23,475,000 | 23,115,000 | 22,761,000 | 22,411,000 | 22,080,000 | 21,741,000 | 21,408,000 | 46,183,000 | 20,804,000 | 19,999,000 | 20,643,000 | 21,278,000 |
total current liabilities | 295,440,000 | 310,060,000 | 291,043,000 | 233,975,000 | 233,272,000 | 216,104,000 | 185,282,000 | 205,021,000 | 196,915,000 | 203,756,000 | 172,581,000 | 193,573,000 | 310,438,000 | 391,509,000 | 536,892,000 | 290,607,000 | 250,121,000 |
long-term debt | 908,314,000 | 912,788,000 | 918,819,000 | 926,141,000 | 275,638,000 | 286,760,000 | 299,206,000 | 310,183,000 | 322,527,000 | 333,367,000 | 400,153,000 | 420,310,000 | 188,671,000 | 193,396,000 | 199,295,000 | 206,313,000 | 209,729,000 |
long-term debt, net – related party | 148,710,000 | 151,431,000 | 154,160,000 | 156,836,000 | 159,433,000 | 161,952,000 | 164,479,000 | 166,957,000 | 169,361,000 | 171,693,000 | 174,042,000 | 176,345,000 | 178,579,000 | 180,772,000 | 192,836,000 | 191,559,000 | 250,518,000 |
operating lease liabilities | 133,802,000 | 138,744,000 | 144,499,000 | 149,098,000 | 5,005,000 | 5,434,000 | 5,316,000 | 5,723,000 | 48,373,000 | 55,692,000 | 63,445,000 | 71,261,000 | |||||
finance lease liabilities | 138,569,000 | 144,608,000 | 150,578,000 | 156,457,000 | 162,233,000 | 167,908,000 | 173,520,000 | 179,045,000 | 184,474,000 | 189,807,000 | 195,034,000 | 200,276,000 | 445,956,000 | 210,354,000 | 215,332,000 | 220,209,000 | 225,036,000 |
tra liability | 51,122,000 | 51,122,000 | 58,955,000 | 58,955,000 | 58,955,000 | 58,736,000 | 63,457,000 | 64,761,000 | 67,060,000 | 67,061,000 | 72,951,000 | 72,951,000 | 72,951,000 | 72,951,000 | 76,654,000 | 76,822,000 | |
asset retirement obligations | 63,633,000 | 62,799,000 | 61,977,000 | 50,163,000 | 44,166,000 | 43,690,000 | 43,217,000 | 42,751,000 | 42,289,000 | 41,834,000 | 41,246,000 | 40,800,000 | 40,259,000 | 39,823,000 | 36,043,000 | 35,667,000 | 35,296,000 |
long-term deferred revenues | 28,654,000 | 29,196,000 | 27,339,000 | 27,430,000 | 27,564,000 | ||||||||||||
deferred tax liability | 65,276,000 | 64,654,000 | |||||||||||||||
other long-term liabilities | 46,406,000 | 36,981,000 | 94,165,000 | 101,622,000 | 24,477,000 | 31,842,000 | 52,575,000 | 49,886,000 | 46,857,000 | 38,502,000 | 39,482,000 | 18,951,000 | 17,524,000 | 17,741,000 | |||
total liabilities | 1,879,926,000 | 1,902,383,000 | 1,901,535,000 | 1,860,677,000 | 985,738,000 | 994,714,000 | 981,736,000 | 1,018,604,000 | 1,029,483,000 | 1,051,025,000 | 1,100,923,000 | 1,145,176,000 | 1,276,482,000 | 1,170,125,000 | 1,331,695,000 | 1,102,146,000 | 1,266,800,000 |
commitments and contingencies | |||||||||||||||||
class a common stock | 35,000 | 35,000 | 35,000 | 35,000 | 27,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | 26,000 | |
class b common stock | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | |
additional paid-in capital | 649,452,000 | 634,811,000 | 634,189,000 | 633,700,000 | 471,457,000 | 467,429,000 | 472,502,000 | 468,543,000 | 465,667,000 | 465,551,000 | 465,303,000 | 465,067,000 | 464,807,000 | 464,721,000 | 583,997,000 | 583,669,000 | |
retained earnings | 112,226,000 | 102,640,000 | 96,183,000 | 84,898,000 | 82,174,000 | 72,322,000 | 59,715,000 | 51,432,000 | 45,405,000 | 39,754,000 | 36,715,000 | 23,489,000 | 18,190,000 | 12,009,000 | 4,090,000 | -2,031,000 | |
accumulated other comprehensive loss | -1,013,000 | 135,000 | -199,000 | -3,720,000 | |||||||||||||
treasury stock | -69,677,000 | -54,981,000 | -54,780,000 | -54,688,000 | -54,628,000 | -52,375,000 | -29,759,000 | -22,216,000 | -10,677,000 | -472,000 | -472,000 | ||||||
non-controlling interests | 1,564,068,000 | 1,546,603,000 | 1,519,758,000 | 1,485,263,000 | 1,432,503,000 | ||||||||||||
total equity | 2,255,173,000 | 2,229,078,000 | 2,195,444,000 | 2,149,403,000 | 1,931,705,000 | 1,888,501,000 | 1,882,665,000 | 1,848,828,000 | 1,828,198,000 | 1,809,354,000 | 1,803,112,000 | 1,754,716,000 | 1,724,151,000 | 1,696,697,000 | 1,649,771,000 | 1,610,576,000 | 1,028,828,000 |
total liabilities and equity | 4,135,099,000 | 4,131,461,000 | 4,096,979,000 | 4,010,080,000 | 2,917,443,000 | 2,883,215,000 | 2,864,401,000 | 2,867,432,000 | 2,857,681,000 | 2,860,379,000 | 2,904,035,000 | 2,899,892,000 | 3,000,633,000 | 2,866,822,000 | 2,981,466,000 | 2,712,722,000 | 2,295,628,000 |
accumulated other comprehensive income | -112,000 | -23,000 | 113,000 | 90,000 | 502,000 | -381,000 | 1,085,000 | 1,052,000 | 505,000 | 2,088,000 | 1,257,000 | 208,000 | 515,000 | ||||
investment in equity method investee | 19,295,000 | 19,522,000 | 21,680,000 | 21,038,000 | 21,269,000 | 20,471,000 | 25,096,000 | 24,201,000 | 24,522,000 | 21,267,000 | 23,868,000 | 22,343,000 | |||||
current portion of deferred revenue | 58,185,000 | 29,422,000 | 29,500,000 | 20,719,000 | 27,169,000 | 24,433,000 | 21,972,000 | 162,164,000 | 144,807,000 | 14,279,000 | 7,984,000 | 8,547,000 | |||||
long-term deferred revenue | 27,722,000 | 35,007,000 | 33,905,000 | 32,947,000 | |||||||||||||
non-controlling interest | 1,400,515,000 | 1,380,480,000 | 1,349,876,000 | 1,326,643,000 | 1,303,908,000 | 1,299,370,000 | 1,264,795,000 | 1,240,838,000 | 1,219,344,000 | 1,192,268,000 | 1,159,888,000 | 13,560,000 | |||||
inventories | 2,946,000 | 18,203,000 | 28,072,000 | 132,179,000 | 173,603,000 | 244,869,000 | 64,992,000 | 52,207,000 | |||||||||
derivative liabilities | 598,000 | 509,000 | |||||||||||||||
accounts receivable, net – related party | 2,595,000 | 2,496,000 | 4,877,000 | 11,214,000 | |||||||||||||
accounts payable to related party | 2,054,000 | 345,000 | 713,000 | 8,951,000 | |||||||||||||
current portion of finance lease liabilities – related party | 17,118,000 | ||||||||||||||||
finance lease liabilities – related party | 206,589,000 | ||||||||||||||||
equity interest | 1,149,666,000 | ||||||||||||||||
related party note receivable | -159,000 | -159,000 | |||||||||||||||
non-controlling interest – ene onshore | -130,827,000 | -130,700,000 | -130,519,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||
net income | 39,086,000 | 55,044,000 | 20,765,000 | 52,123,000 | 46,071,000 | 45,546,000 | 33,277,000 | 28,140,000 | 20,044,000 | 46,505,000 | 29,556,000 | 30,739,000 | 33,870,000 | 37,272,000 | -3,990,000 | 12,844,000 |
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||
depreciation and amortization | 32,403,000 | 31,758,000 | 25,518,000 | 21,643,000 | 22,598,000 | 23,031,000 | 30,400,000 | 22,910,000 | 25,197,000 | 33,161,000 | 30,772,000 | 25,193,000 | 24,626,000 | 24,648,000 | 24,296,000 | 23,743,000 |
amortization of operating lease right-of-use assets | 6,101,000 | 5,971,000 | 2,940,000 | 403,000 | 705,000 | 440,000 | 431,000 | 429,000 | 2,657,000 | 2,332,000 | 2,246,000 | 7,428,000 | 8,323,000 | 7,929,000 | 7,784,000 | 7,663,000 |
aro accretion expense | 821,000 | 969,000 | 483,000 | 477,000 | 472,000 | 466,000 | 463,000 | 455,000 | 451,000 | 446,000 | 441,000 | 436,000 | 380,000 | |||
amortization of debt issuance costs | 1,459,000 | 1,442,000 | 3,707,000 | 737,000 | 1,134,000 | 543,000 | 838,000 | 877,000 | 1,502,000 | 892,000 | 638,000 | 3,345,000 | 838,000 | 1,206,000 | 343,000 | 277,000 |
deferred income taxes | 530,000 | 1,623,000 | 86,000 | 759,000 | -1,372,000 | 2,624,000 | 1,447,000 | 1,119,000 | 1,781,000 | -7,082,000 | 1,298,000 | 682,000 | 12,839,000 | -5,032,000 | -5,728,000 | 176,000 |
share of net earnings in equity method investee | -644,000 | -497,000 | -600,000 | -596,000 | -562,000 | -562,000 | -592,000 | -531,000 | -625,000 | 550,000 | -392,000 | -416,000 | -563,000 | -625,000 | -732,000 | -778,000 |
distributions from equity method investee | 1,800,000 | 0 | 0 | 1,530,000 | 0 | 0 | 0 | 2,250,000 | 0 | 2,700,000 | ||||||
long-term incentive compensation expense | 3,385,000 | 3,262,000 | 3,206,000 | 2,152,000 | 1,965,000 | 1,966,000 | 1,920,000 | 1,377,000 | 1,079,000 | 1,129,000 | 1,074,000 | 357,000 | 358,000 | 328,000 | ||
loss on non-cash items | 0 | 0 | -369,000 | -377,000 | 421,000 | 1,326,000 | ||||||||||
changes in operating assets and liabilities: | ||||||||||||||||
accounts receivable | 37,348,000 | -39,972,000 | 52,549,000 | 33,029,000 | -36,925,000 | -35,732,000 | 20,642,000 | 30,869,000 | -52,524,000 | 98,951,000 | -91,948,000 | 24,528,000 | 254,058,000 | -132,554,000 | -67,657,000 | 144,056,000 |
other current assets and other assets | -34,325,000 | 4,005,000 | -27,014,000 | 28,878,000 | -33,419,000 | -4,982,000 | -3,511,000 | -7,344,000 | -1,551,000 | 3,280,000 | -10,223,000 | -3,666,000 | -17,823,000 | -2,701,000 | 9,622,000 | -11,924,000 |
accounts payable and accrued liabilities | -6,778,000 | 58,808,000 | -23,785,000 | 39,967,000 | 4,504,000 | -5,794,000 | -10,574,000 | -13,421,000 | 27,428,000 | -31,256,000 | 47,718,000 | -97,969,000 | -283,377,000 | 236,383,000 | 52,714,000 | -264,001,000 |
current portion of deferred revenue | 23,952,000 | -1,487,000 | -700,000 | -27,518,000 | 28,763,000 | -78,000 | 8,781,000 | -6,450,000 | 2,736,000 | 2,461,000 | -140,192,000 | 17,357,000 | 130,528,000 | 6,295,000 | -563,000 | -1,106,000 |
net investments in sales-type leases | 11,306,000 | 11,064,000 | 10,716,000 | 10,385,000 | 10,452,000 | 7,259,000 | 4,212,000 | 3,792,000 | 2,217,000 | 3,760,000 | 3,555,000 | 3,366,000 | 3,290,000 | 3,145,000 | 2,975,000 | 2,815,000 |
operating lease assets and liabilities | -5,835,000 | -5,906,000 | -2,466,000 | -2,362,000 | -2,684,000 | -7,289,000 | -7,966,000 | -8,246,000 | -8,999,000 | -5,041,000 | ||||||
tax receivable agreement liability | ||||||||||||||||
other long-term liabilities | 1,614,000 | -11,212,000 | 22,465,000 | -9,160,000 | 8,666,000 | 3,251,000 | 2,689,000 | 2,439,000 | -313,000 | 4,004,000 | 1,102,000 | 958,000 | 13,167,000 | 414,000 | -216,000 | 3,489,000 |
net cash from operating activities | 104,389,000 | 114,872,000 | 87,140,000 | 154,809,000 | 49,619,000 | 39,778,000 | 90,379,000 | 64,661,000 | 36,611,000 | 170,795,000 | -22,318,000 | 46,797,000 | 240,866,000 | -6,277,000 | 21,854,000 | -31,353,000 |
capital expenditures | -33,613,000 | -51,964,000 | -33,285,000 | -44,123,000 | -63,551,000 | -11,438,000 | -25,499,000 | -12,769,000 | -8,309,000 | -11,638,000 | -277,859,000 | -14,929,000 | -55,393,000 | -21,844,000 | -31,001,000 | -11,029,000 |
free cash flows | 70,776,000 | 62,908,000 | 53,855,000 | 110,686,000 | -13,932,000 | 28,340,000 | 64,880,000 | 51,892,000 | 28,302,000 | 159,157,000 | -300,177,000 | 31,868,000 | 185,473,000 | -28,121,000 | -9,147,000 | -42,382,000 |
cash flows from investing activities | ||||||||||||||||
net cash paid for acquisition | 28,661,000 | 0 | ||||||||||||||
purchases of property and equipment | -33,613,000 | -51,964,000 | -33,285,000 | -44,123,000 | -63,551,000 | -11,438,000 | -25,499,000 | -12,769,000 | -8,309,000 | -11,638,000 | -277,859,000 | -14,929,000 | -55,393,000 | -21,844,000 | -31,001,000 | -11,029,000 |
sales of property and equipment | 0 | 0 | ||||||||||||||
net cash from investing activities | -4,952,000 | -51,964,000 | -1,081,376,000 | -44,123,000 | -63,551,000 | -11,438,000 | -25,499,000 | -12,769,000 | -8,309,000 | -11,638,000 | -273,758,000 | -14,929,000 | -55,393,000 | -21,844,000 | -31,001,000 | -11,029,000 |
cash flows from financing activities | ||||||||||||||||
proceeds from issuance of class a common stock | 0 | -72,000 | ||||||||||||||
repurchase of class a common stock | -22,786,000 | -6,890,000 | -11,906,000 | -8,418,000 | ||||||||||||
proceeds from issuance of long-term debt | 0 | 0 | ||||||||||||||
repayments of long-term debt | -6,663,000 | -5,154,000 | -163,841,000 | -11,331,000 | -12,675,000 | -11,266,000 | -10,989,000 | -9,638,000 | -6,191,000 | -4,880,000 | -6,096,000 | -4,829,000 | -5,985,000 | -4,765,000 | -5,536,000 | -4,025,000 |
repayments of long-term debt – related party | -1,681,000 | -2,494,000 | -2,446,000 | -2,322,000 | -2,361,000 | -2,318,000 | -2,274,000 | -2,181,000 | -2,183,000 | -2,136,000 | -2,095,000 | -1,990,000 | -2,016,000 | -3,267,000 | -141,282,000 | -506,844,000 |
payment of debt issuance costs | -875,000 | -949,000 | -18,579,000 | -797,000 | -353,000 | -289,000 | -2,436,000 | -4,582,000 | 0 | -439,000 | ||||||
principal payments under finance lease liabilities | -5,374,000 | -5,501,000 | -5,405,000 | -5,309,000 | -5,252,000 | -5,171,000 | -5,079,000 | -5,002,000 | -4,958,000 | -4,909,000 | -5,455,000 | -5,297,000 | -4,173,000 | -5,520,000 | -5,461,000 | -5,345,000 |
taxes withheld for long-term incentive compensation | -326,000 | 0 | -337,000 | -690,000 | -147,000 | 0 | ||||||||||
dividends paid | -2,568,000 | -2,564,000 | -1,932,000 | -1,450,000 | -1,294,000 | -789,000 | -626,000 | -652,000 | -657,000 | -656,000 | -657,000 | |||||
distributions | -7,299,000 | -8,506,000 | -8,223,000 | -5,761,000 | -13,946,000 | -2,050,000 | -4,490,000 | -2,051,000 | -8,025,000 | -2,052,000 | -2,050,000 | |||||
other financing activities | 79,000 | 40,000 | -445,000 | 12,000 | ||||||||||||
net cash from financing activities | -24,707,000 | -25,200,000 | 800,696,000 | -27,648,000 | -57,993,000 | -27,949,000 | -35,349,000 | -27,733,000 | -81,948,000 | -17,158,000 | 226,824,000 | -16,361,000 | -14,549,000 | -10,533,000 | 312,492,000 | 53,774,000 |
effect of exchange rate on cash, cash equivalents, and restricted cash | 0 | -1,000 | 16,000 | 72,000 | -65,000 | -48,000 | -41,000 | 35,000 | -78,000 | 62,000 | 315,000 | -420,000 | ||||
net increase in cash, cash equivalents and restricted cash | 74,730,000 | 37,707,000 | -193,524,000 | 83,110,000 | -71,990,000 | 343,000 | 29,490,000 | 24,194,000 | -53,724,000 | 142,061,000 | -68,937,000 | 15,087,000 | 170,924,000 | -38,654,000 | 303,345,000 | 11,392,000 |
cash, cash equivalents and restricted cash | ||||||||||||||||
beginning of period | 0 | 0 | 0 | 554,495,000 | 0 | 0 | 0 | 572,458,000 | 0 | 0 | 0 | 537,971,000 | 0 | 0 | 0 | 90,964,000 |
end of period | 74,730,000 | 37,707,000 | -193,524,000 | 637,605,000 | -71,990,000 | 343,000 | 29,490,000 | 596,652,000 | -53,724,000 | 142,061,000 | -68,937,000 | 553,058,000 | 170,924,000 | -38,654,000 | 303,345,000 | 102,356,000 |
early extinguishment of lease liability on vessel acquisition | 0 | 0 | ||||||||||||||
non-cash restructuring expense | 0 | 0 | ||||||||||||||
proceeds from issuance of common stock | -35,000 | 0 | ||||||||||||||
cash received for stock options exercised | ||||||||||||||||
proceeds from term loan facility | 0 | 0 | ||||||||||||||
proceeds from long-term debt – related party | 1,200,000 | 3,400,000 | 83,100,000 | 566,300,000 | ||||||||||||
proceeds from revolving credit facility | 0 | 0 | ||||||||||||||
repayments of revolving credit facility | 0 | 0 | ||||||||||||||
collections of related party note receivables | 0 | 0 | 0 | 6,600,000 | ||||||||||||
settlement of finance lease liability – related party | 0 | 0 | ||||||||||||||
principal payments under finance lease liabilities – related party | 0 | 0 | 0 | -2,912,000 | ||||||||||||
minority owner contribution – albania power project | 245,000 | 535,000 | 268,000 | 209,000 | 354,000 | 2,451,000 | ||||||||||
inventories | 15,257,000 | 9,869,000 | 104,107,000 | 40,422,000 | 71,266,000 | -179,877,000 | -12,785,000 | 52,813,000 | ||||||||
repayments of term loan facility | -59,883,000 | |||||||||||||||
related party note receivables | ||||||||||||||||
cash paid for withholding taxes | ||||||||||||||||
derivative liabilities | -566,000 | 2,354,000 | 741,000 | 554,000 | ||||||||||||
contributions | 337,000 | |||||||||||||||
loss on other operating | ||||||||||||||||
contribution | ||||||||||||||||
accretion expense | 371,000 | 367,000 |