For the nine months ended September 30, 2021, we generated revenues of $549.8 million, net income of $43.0 million and Adjusted EBITDAR of $227.4 million. For the year ended December 31, 2020, we generated revenues of $430.8 million, net income of $32.9 million and Adjusted EBITDAR of $256.2 million. We plan to sell regasified natural gas to downstream customers in the future. The high value our customers place on our services has resulted in a reliable source of revenues to us, while our global reach helps balance seasonal demand fluctuation among the geographies in which we operate. In each of these countries, we provide a cleaner energy source from which power can be generated consistently. (“Petrobras”), and in December 2021, we started importing LNG and selling regasified natural gas to Petrobras. We also lease an LNG terminal in Bahia, Brazil from Petróleo Brasileiro S.A. We are the largest provider of regasified LNG in Argentina and Bangladesh and one of the largest providers of regasified LNG in Brazil and Pakistan, and we operate the largest FSRU in Brazil. Our business spans the globe, with regional offices in eight countries and operations in the United States, Brazil, Argentina, Israel, United Arab Emirates, Pakistan and Bangladesh. We have grown our business significantly since our first floating storage and regasification unit (“FSRU”) charter in 2003, and today, we are a profitable energy company with a geographically diversified business model. See “Organizational Structure” and “Unaudited Pro Forma Condensed Consolidated Financial Information.” Excelerate will consolidate EELP on its consolidated financial statements and record a non-controlling interest related to the Class B interests in EELP held by the Class B stockholder on its consolidated balance sheet and statement of income. As a result, the consolidated financial statements of Excelerate will recognize the assets and liabilities received in the Reorganization at their historical carrying amounts, as reflected in the historical financial statements of EELP. The Reorganization (as defined below) will be accounted for as a reorganization of entities under common control. As the general partner (or owner of the general partner) of EELP, Excelerate will operate and control all of the business and affairs of EELP and, through EELP and its subsidiaries, conduct our business. Immediately following this offering, Excelerate will be a holding company, and its sole material asset will be Class A partnership interests in EELP, which Excelerate will hold either directly or indirectly through one or more wholly owned subsidiaries. Following this offering, EELP will be the predecessor of Excelerate for financial reporting purposes. Accordingly, this prospectus includes certain historical consolidated financial and other data for EELP. Excelerate is a newly incorporated entity, has not engaged in any business or other activities except in connection with its formation and had no assets or liabilities during the periods presented in this prospectus.
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