Excelerate Energy rises on $50 mln share buyback plan

Excelerate Energy

29/02/2024 16:46

** Shares of LNG firm Excelerate Energy  EE.N  up 8.4% at
$15.06
    ** Co announces a share repurchase program of up to $50
million
    ** EE also forecast 2024 adj. core profit in the range of 
$315 mln and $335 mln, compared with avg. analysts' ests of
324.20 mln - LSEG data
    ** Co also posts Q4 EPS of 14 cents vs 25 cents in the
year-ago quarter
    ** Including session's gains, stock is down 2.6% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))