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Stock impact report

Excelerate Energy Advances Growth Strategy with Acquisition of Jamaica Downstream LNG and Power Infrastructure Business from New Fortress Energy

Excelerate Energy, Inc. Class A (EE) 
Last excelerate energy, inc. class a earnings: 2/27 07:50 am Check Earnings Report
US:NYSE Investor Relations: ir.epelectric.com/investor-relations
Company Research Source: Business Wire
Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of “Last-Mile” LNG Infrastructure in a Desirable Atlantic Basin Natural Gas MarketAssets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth OpportunitiesAcquisition Is Immediately Accretive to Earnings per Share and Enhances Operating Cash Flow THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (“Excelerate” or the “Company”) today announced that it has entered into a definitive agreement with New Fortress Energy Inc. (“NFE”) (NASDAQ: NFE) under which Excelerate will acquire NFE’s business in Jamaica for $1.055 billion in cash.Under the terms of the agreement, Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power (“CHP”) co-generation plant. Show less Read more
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