Excelerate Energy Announces Inaugural Quarterly Cash Dividend

Source: www.gulfoilandgas.com 8/5/2022, Location: North America

Excelerate Energy, Inc. (“Excelerate”) (EE) 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.

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.


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