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Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
ScheduleOfStockholdersEquityTableTextBlock

The following table summarizes the changes in ownership:

 

 

Class A Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

Issued

 

 

Less: Treasury Stock

 

 

Outstanding

 

 

Class B Common Stock

 

 

Total

 

 

Class A Ownership Percentage

 

Balance at January 1, 2023

 

 

26,254,167

 

 

 

 

 

 

26,254,167

 

 

 

82,021,389

 

 

 

108,275,556

 

 

 

24.2

%

Long-term incentive compensation units vested, net

 

 

29,860

 

 

 

20,624

 

 

 

9,236

 

 

 

 

 

 

9,236

 

 

 

 

Balance at December 31, 2023

 

 

26,284,027

 

 

 

20,624

 

 

 

26,263,403

 

 

 

82,021,389

 

 

 

108,284,792

 

 

 

24.3

%

Long-term incentive compensation units vested, net

 

 

138,825

 

 

 

69,647

 

 

 

69,178

 

 

 

 

 

 

69,178

 

 

 

 

Options exercised

 

 

9,279

 

 

 

 

 

 

9,279

 

 

 

 

 

 

9,279

 

 

 

 

Share repurchases

 

 

 

 

 

2,473,787

 

 

 

(2,473,787

)

 

 

 

 

 

(2,473,787

)

 

 

 

Balance at December 31, 2024

 

 

26,432,131

 

 

 

2,564,058

 

 

 

23,868,073

 

 

 

82,021,389

 

 

 

105,889,462

 

 

 

22.5

%

Schedule of EELP declared and paid distributions to all interest holders, including Excelerate.

During the years ended December 31, 2024, 2023 and 2022, EELP declared and paid distributions to all interest holders, including Excelerate. Excelerate has used and will continue to use proceeds from such distributions to pay dividends to holders of Class A Common Stock. The following table details the distributions and dividends for the periods presented:

 

 

 

 

Class B Interests

 

 

Class A Common Stock

 

Dividend and distribution for the quarter ended

 

Date Paid or To Be Paid

 

Distributions Paid or To Be Paid

 

 

Total Dividends Declared

 

 

Dividend Declared per Share

 

 

 

 

 

(In thousands)

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

March 27, 2025

 

$

4,921

 

 

$

1,509

 

 

$

0.060

 

September 30, 2024

 

December 5, 2024

 

 

4,921

 

 

 

1,532

 

 

 

0.060

 

June 30, 2024

 

September 5, 2024

 

 

2,050

 

 

 

672

 

 

 

0.025

 

March 31, 2024

 

June 6, 2024

 

 

2,051

 

 

 

645

 

 

 

0.025

 

2023

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

March 28, 2024

 

$

2,051

 

 

$

673

 

 

$

0.025

 

September 30, 2023

 

December 13, 2023

 

 

2,050

 

 

 

669

 

 

 

0.025

 

June 30, 2023

 

September 7, 2023

 

 

2,051

 

 

 

666

 

 

 

0.025

 

March 31, 2023

 

June 8, 2023

 

 

2,051

 

 

 

669

 

 

 

0.025

 

2022

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

April 27, 2023

 

$

2,051

 

 

$

663

 

 

$

0.025

 

September 30, 2022

 

December 14, 2022

 

 

2,051

 

 

 

658

 

 

 

0.025

 

June 30, 2022

 

September 7, 2022

 

 

2,051

 

 

 

656

 

 

 

0.025