New Fortress Energy

New Fortress Energy, Inc. is a holding company engaged in the management of integrated gas-to-power energy infrastructure. It funds, builds, and operates natural gas infrastructure and logistics to deliver energy solutions. The company was founded by Wesley Robert Edens on February 25, 2014 and is headquartered in New York, NY.

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New Fortress Energy excels in Q4, eyes sustainable growth

New Fortress Energy (NFE) delivered strong financial performance in Q4 2022, with a focus on financial stability, operational excellence, and sustainable growth.
The company's strategic strengths lie in securing long-term contracts, disciplined capital allocation, and leveraging market stability to drive revenue growth.
While facing challenges in managing market volatility and executing FLNG projects, NFE has opportunities in clean energy initiatives, global demand for gas and power, and strategic asset integration.

New Fortress Energy posts strong Q1 results, eyes growth opportunities

New Fortress Energy (NFE) reported robust Q1 2023 results, highlighted financial strength, and emphasized operational excellence and growth prospects.
While challenges in market dynamics and operational complexities persist, NFE's strategic focus on integration and expansion presents promising opportunities.
Investors should monitor NFE's progress in executing growth plans, debt reduction strategies, and capitalizing on emerging energy trends for long-term value.

New Fortress Energy reports strong Q2 results and eyes market expansion

New Fortress Energy's Q2 2023 performance reflects growth and operational efficiency, with revenue and EBITDA showing significant improvement.
Despite challenges like CapEx concerns and trading discounts, NFE's strategic investments in infrastructure and market expansions position the company for future growth.
Opportunities in Puerto Rico, Brazil, and hydrogen strategy, along with a focus on cost efficiencies and sustainability, underscore NFE's potential for continued success.

New Fortress Energy reports record earnings and growth opportunities

New Fortress Energy (NFE) showcased strong financial performance, strategic achievements, and a focus on deleveraging and growth opportunities in Q3 2023.
The company's emphasis on fuel switching, asset sales, and organic growth underscores its commitment to enhancing shareholder value and achieving long-term success.
Despite facing challenges in asset sales and regulatory processes, NFE's proactive approach to addressing these issues positions it well for future growth and profitability.

New Fortress Energy excels in Q4 earnings, eyes Brazil growth

New Fortress Energy's Q4 2023 earnings call highlighted strong financial performance, operational achievements, and strategic growth plans in Brazil and Puerto Rico.
While facing challenges related to debt management and revenue diversification, NFE remains well-positioned to capitalize on opportunities in energy markets and project expansions.
By focusing on operational excellence, debt refinancing, and market opportunities, New Fortress Energy aims to sustain its growth trajectory and enhance shareholder value in the energy sector.

New Fortress Energy (NFE) posts solid Q1 results, eyes growth in Puerto Rico and Brazil

New Fortress Energy (NFE) reported strong Q1 performance, focusing on operational excellence and financial discipline. Despite challenges in ships margin and contract terminations, the company remains well-positioned for growth through strategic financing and expansion plans in Puerto Rico and Brazil.

New Fortress Energy faces operational challenges but poised for growth

NFE's Q2 performance impacted by FLNG 1 delay, but strong revenue forecasts and operational progress signal growth potential.
Diversified business model and strategic projects position NFE for revenue generation and financial stability.
Challenges in operational execution, debt management, and CapEx reduction require focused attention for sustained growth.
Opportunities lie in revenue visibility, project expansions, debt refinancing, and enhanced free cash flow post-FLNG 1 completion.

New Fortress Energy (NFE) reports strong Q3 performance and eyes strategic growth opportunities

New Fortress Energy (NFE) demonstrated solid performance in Q3, with key achievements in operational efficiency and financial management. While facing challenges in maintenance impacting guidance, NFE is well-positioned to capitalize on strategic partnerships and market opportunities to drive growth and value creation.

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New Fortress Energy, founded by Wes Edens, aims to transition to clean energy with LNG terminals and power generation facilities, mainly in the Americas. The company's financial position is delicate with significant debt, but refinancing is expected soon, which will unlock higher valuations and growth potential. Risks include management's history of overpromising, potential delays in asset operations, and uncertainty around Puerto Rico's contract volumes and FEMA claim payments.

New Fortress: Refinancing Is Secured, Time To Look Ahead

NEW YORK, NY / ACCESSWIRE / August 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of New Fortress Energy Inc. ("New Fortress Energy Inc.") (NASDAQ:NFE) concerning possible violations of federal securities laws. On August 9, 2024, Fortress announced its Q2 2024 financial results that missed analysts' expectations.

New Fortress Energy Inc. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - NFE

Investors who lost money on New Fortress Energy Inc. should contact Levi & Korsinsky about an ongoing investigation - NFE

New Fortress Energy Inc. NFE reported worse-than-expected second-quarter financial results on Friday.

These Analysts Slash Their Forecasts On New Fortress Energy Following Q2 Results

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UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.

LNG Shipping Stocks: Market Turbulence Affects Shippers With Mixed Results

New Fortress Energy (NASDAQ:NFE ) Q2 2024 Earnings Conference Call August 9, 2024 8:00 AM ET Company Participants Chance Pipitone - Investor Relations Wesley Edens - Chairman and Chief Executive Officer Andrew Dete - Managing Director Brannen McElmurray - Managing Director and Chief Development Officer Christopher Guinta - Chief Financial Officer Conference Call Participants Benjamin Nolan - Stifel Gregory Lewis - BTIG Craig Shere - Tuohy Brothers Tarek Hamid - JPMorgan Operator Good day and welcome to the NFE Second Quarter 2024 Earnings Call. Today's conference is being recorded.

New Fortress Energy (NFE) Q2 2024 Earnings Call Transcript

New Fortress Energy Inc missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico.

New Fortress Energy stock tumbles as it misses earnings estimates

New Fortress Energy (NFE) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.58 per share a year ago.

New Fortress Energy (NFE) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $120 million in the second quarter of 2024 Second quarter results do not include $107 million of contracted LNG sales during the quarter, which will be included in Adjusted EBITDA and earnings in the second half of 2024 Net loss of $87 million in the second quarter of 2024 Adjusted EPS(2) of $(0.4.

New Fortress Energy Announces Second Quarter 2024 Results

New Fortress Energy (NFE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate New Fortress Energy (NFE) to Report a Decline in Earnings: What to Look Out for

New Fortress (NFE) secures a $700-million loan to fully fund the construction of its second floating liquefied natural gas (FLNG) unit.

New Fortress (NFE) Advances Construction of Second FLNG Unit

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the Company has closed its previously announced $700 million loan for its second FLNG unit (“FLNG 2”). Now operational, FLNG 1 expects to deliver its first cargo in August and enter full production thereafter. The new loan will fully fund the construction of FLNG 2. FLNG 2 will be developed in partnership with Comisió.

New Fortress Energy Announces Closing of $700 Million Loan for Second FLNG Unit

UPI declined by 0.63% to 165.53 points, with New Fortress Energy leading gainers at over 20% due to FLNG Altamira LNG project launch. UPI and S&P 500 both dropped last week, with low trading volumes and increased market volatility during the holiday season. Most decliners in LNG shipping were from Asia, with Korea Line Corporation losing 7.6% and Japanese shippers declining to support lines.

LNG Shipping Stocks: Holiday Decline

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”). With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed. NFE's proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastru.

New Fortress Energy Achieves First LNG for its Fast LNG Asset

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Friday, August 9th, 2024 at 8:00 A.M. Eastern Time. The conference call may be access.

New Fortress Energy Schedules Second Quarter 2024 Earnings Release and Conference Call

New Fortress Energy (NFE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in New Fortress Energy (NFE): Can Its 8.5% Jump Turn into More Strength?

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AUSTIN, Texas , July 9, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, has entered into a definitive agreement to acquire a small-scale LNG business (Miami Facility) based in Miami, Florida, from New Fortress Energy Inc. (Nasdaq: NFE). Financial terms were not disclosed.

Pennybacker Furthers Infrastructure Investments with Acquisition of Miami LNG

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces the launch of Klondike Digital Infrastructure (“Klondike”), a power and data center development business dedicated to working with hyperscale clients to build and operate data centers. This venture comes in response to a significant need for turnkey digital infrastructure to support the next stage of explosive growth in artificial intelligence (“AI”). Klondike is revolutionizing the industry by.

New Fortress Energy Announces Launch of Klondike Digital Infrastructure to Develop Data Center Solutions

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announced that it has entered into a definitive agreement to sell its liquefaction and storage facility in Miami, Florida (“Miami Facility”) to a U.S. middle-market infrastructure fund. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions. The Miami Facility is a small-scale liquefaction facility with one liquefaction train capable of producing 8,300.

New Fortress Energy Agrees to Sell Miami Liquefaction and Storage Facility

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UP World LNG Shipping Index gained 1.17% last week, led by FLEX LNG and Golar LNG. UPI outperformed the S&P 500, indicating positive momentum for LNG shipping stocks. The summer season is approaching, potential rise in gas consumption in Asia, investors are advised to consider LNG sector opportunities.

LNG Shipping Stocks: Summer Season Is Near

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces First LNG in the coming days and First Cargo in July. NFE today updated the timing of its First LNG expectation for its first Fast LNG unit located offshore Altamira, Mexico. The Company has made tremendous progress on its path towards the start of liquefaction operations. As of today, the work necessary to begin operations is complete and the Company has also completed the full remainder of pre.

NFE Announces First LNG in Days and First Cargo in July

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New Fortress Energy (NASDAQ:NFE ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Chance Pipitone - Managing Director of Strategy & Investor Relations Wes Edens - Chairman & Chief Executive Officer Brannen McElmurray - Managing Director Andrew Dete - Managing Director Chris Guinta - Chief Financial Officer Conference Call Participants Craig Shere - Tuohy Brothers Theresa Chen - Barclays Sherif Elmaghrabi - BTIG Martin Malloy - Johnson Rice Chris Robertson - Deutsche Bank Operator Good morning, everyone and welcome to the New Fortress Energy First Quarter 2024 Earnings Conference Call. Today's conference is being recorded and all phone lines -- all phone participant lines are in a listen-only mode but later we will have an opportunity to ask questions.

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