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.

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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has entered into a definitive agreement to acquire a 1.6 GW Capacity Reserve Contract (“PortoCem PPA” or “PPA”) from Ceiba Energy, a portfolio company of Denham Capital, in exchange for newly issued NFE redeemable Series A Convertible Preferred Stock and the assumption of certain liabilities from a subsidiary of Ceiba Energy. Following customary closing conditions including regulatory approval fo.

New Fortress Energy Adds 1.6 GW, 15-year Contracted Power Asset to Existing Brazilian Infrastructure Portfolio

New Fortress Energy has seen a surge in its stock price following a solid Q3 report, though consensus 2024 EPS forecasts have retreated. The company operates in the LNG-to-power infrastructure sector and has projects in Puerto Rico, Mexico, and Brazil. Despite some risks, NFE's valuation is strong and its growth prospects are positive, making it an attractive investment option.

New Fortress: EPS Estimates Tempered, But Share Price Momentum Stands Out

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New Fortress Energy, Inc. (NASDAQ:NFE ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Chance Pipitone - Managing Director of Strategy and Investor Relations Wesley Edens - Chairman and Chief Executive Officer Christopher Guinta - Chief Financial Officer Andrew Dete - Managing Director of New Fortress Energy Brannen McElmurray - Chief Development Officer of New Fortress Energy Kenneth Nicholson - Director of Fortress Transportation and Infrastructure Investors LLC Conference Call Participants Chris Robertson - Deutsche Bank Benjamin Nolan - Stifel, Nicolaus & Company, Inc. Sam Margolin - Wolfe Research, LLC Craig Shere - Tuohy Brothers Ryan Levine - Citigroup Inc. Operator Good morning, everyone, and welcome to the NFE Third Quarter 2023 Earnings Conference Call. Today's conference is being recorded and all phone participants are in a listen-only mode.

New Fortress Energy, Inc. (NFE) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter of 2023. Summary Highlights Adjusted EBITDA(1) of $208 million in the third quarter of 2023 and $895 million in the first nine months of 2023 Net income of $62 million in the third quarter of 2023 and $334 million in the first nine months of 2023 Adjusted EPS(2) of $0.30 on a fully diluted basis in the third quarter of 2023 and $1.78(2) in the fir.

New Fortress Energy Announces Third Quarter 2023 Results

Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said.

Exclusive: Mexico's Pemex, New Fortress Energy scrap deepwater gas project -sources

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has executed definitive agreements with the Brazilian development bank, Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”), and funds managed by Lumina Capital Management (“Lumina”) and BTG Asset Management (“BTG”) to fund up to $575 million in asset-based financing. These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursua.

New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023

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The Third Quarter Showed The Hidden Power Of LNG Shippers

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”), NFE's newest LNG import terminal in Santa Catarina, Brazil which will start commercial operations ahead of schedule in January 2024. “We are extremely pleased to reach this ag.

New Fortress Energy Signs FSRU Charter to Start Operations of LNG Import Terminal in Santa Catarina, Brazil in January 2024

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due 2028 (the “Term Loan”). The Term Loan will bear interest at SOFR + 5.00% per annum and will include a prepayment option. The Company intends to use the net proceeds from the offering, together with cash on hand, to invest in projects and repay our existing bridge facility. About New Fortress Energ.

New Fortress Energy Announces Closing of $856 Million Term Loan

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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the third quarter 2023 prior to 8:00 A.M. Eastern Time on Wednesday, November 8th, 2023. 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 Wednesday, November 8th, 2023 at 8:00 A.M. Eastern Time. The conference call may.

New Fortress Energy Schedules Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has placed into service its second U.S. government sponsored power plant in Puerto Rico on Wednesday, September 27th. This facility in San Juan has a capacity of 200+ MW of power generation and operates under a 2-year contract, similar to the 150 MW facility in Palo Seco that entered service in June under the same program. Both power installations operate under multi-year contracts with the U.S.

New Fortress Energy Places 200+ MW In Service in Puerto Rico and Completes Final Sailaway for FLNG 1

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The Energy sector has outperformed in Q3, benefiting from rising oil prices and increased demand. New Fortress Energy receives a buy rating despite uncertainties surrounding capex execution and its debt burden. NFE's earnings, valuation, and free cash flow outlooks are seen as improving, but there are some troubling valuation metrics and key risks.

New Fortress: Watching Capex Trends, Shares Remain A Compelling Value

NATICK, Mass.--(BUSINESS WIRE)--Electric Hydrogen Co. (EH2), a manufacturer of advanced, industrial-scale hydrogen electrolyzer technology, and New Fortress Energy Inc. (NASDAQ: NFE) announced today that they have entered into a definitive agreement for supply of EH2's flagship 100 megawatt (MW) electrolyzer system to NFE's green hydrogen project in Texas. Expected to be one of the largest in North America, the facility will be enabled by EH2's ground-breaking advanced electrolysis technology,.

Electric Hydrogen to Supply Electrolyzer Technology for one of North America's Largest Green Hydrogen Facilities

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New Fortress Energy (NFE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.69 per share a year ago.

New Fortress Energy (NFE) Q2 Earnings Surpass 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 2023. Summary Highlights Adjusted EBITDA(1) of $246 million in the second quarter of 2023 and $686 million in the first half of 2023 Net income of $120 million in the second quarter of 2023 and $272 million in the first half of 2023 Adjusted EPS(2) of $0.58 on a fully diluted basis in the second quarter of 2023 and $1.48 in the first half of 2.

New Fortress Energy Announces Second Quarter 2023 Results

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The LNG market has stabilized, leading to a slowdown in the LNG shipping sector, with the UP World LNG Shipping Index declining 3.79% in Q2. Despite the slowdown, big investors are showing interest in the industry, with recent IPOs, merger deals, and takeovers, and investors maintaining faith in the sector's potential. The worst part of the year for LNG shippers is over, and positive expectations for the upcoming winter season could impact the UPI, potentially pushing it to cross the 155 mark in Q2.

The Second Quarter Provided LNG Shippers With A Stable Base Of Growth

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New Fortress Energy's stock has been upgraded to a buy from a hold due to a solid valuation and improved chart, despite higher commodity prices and financing costs. The company reported a solid Q1, with EPS at $0.90, topping the consensus estimate of $0.83, and revenue up 15% YoY, though it missed expectations. The company faces headwinds such as soft oil and gas prices and high debt yields, but analysts see earnings normalizing above the $4 level this year with gradual increases in the future.

New Fortress: A Better Valuation After Strong Q1 Results, Improved Technicals (Rating Upgrade)

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the second quarter 2023 prior to 8:00 A.M. Eastern Time on Tuesday, August 8th, 2023. 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 Tuesday, August 8th, 2023 at 8:00 A.M. Eastern Time. The conference call may be acce.

New Fortress Energy Schedules Second Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has received an export permit for its Altamira Fast LNG facility from Mexico's Ministry of Energy (Secretaría de Energía (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through April, 2028, providing ample capacity to support the operations of the 1.4 million tons per annum (MTPA) Fast LNG facility through the permitted period. Additionally, as previousl.

News for New Fortress Energy Stock (NFE)