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.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

New Fortress Energy Inc. (NASDAQ:NFE ) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Patrick Hughes – Investor Relations Wes Edens – Chairman and Chief Executive Officer Brandon Bonfig – Assistant Vice President Chris Guinta – Chief Financial Officer Andrew Dete – Managing Director, Commercial Conference Call Participants Ben Nolan – Stifel Devin McDermott – Morgan Stanley Sam Margolin – Wolfe Research Chris Robertson – Deutsche Cameron Lochridge – Bank of America Sam Burwell – Jefferies Sean Morgan – Evercore Operator Good day, ladies and gentlemen, and thank you all for joining us for this NFE First Quarter 2023 Earnings Conference Call. As a reminder, all lines are in a listen-only mode, but later you will have the opportunity to ask questions.

New Fortress Energy Inc. (NFE) Q1 2023 Earnings Call Transcript

New Fortress Energy (NFE) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.13 per share a year ago.

New Fortress Energy (NFE) Misses Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Announces First Quarter 2023 Results.

New Fortress Energy Announces First Quarter 2023 Results

The completion of New Fortress Energy's first FLNG unit is expected to happen soon, increasing the company's LNG supply by 29 TBtus and 63 TBtus in 2023 and 2024, respectively. Also, as we get close to the new winter season, the LNG market condition can become more favorable.

New Fortress Energy: Market Outlook, First FLNG Project, And Risks

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Schedules First Quarter 2023 Earnings Release and Conference Call

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

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that its Puerto Rico subsidiaries, NFE Power PR LLC and NFEnergia LLC, have entered into agreements with Weston Solution, Inc. (“Weston”) for the installation and operations of 150 MW of additional power generation at the Palo Seco Power Plant in Puerto Rico as well as the supply of natural gas.

New Fortress Energy Signs Contract To Provide 150MW Of Fast Power In Puerto Rico

The liquefied natural gas company disappointed investors.

Why New Fortress Energy Stock Is Plunging Today

New Fortress Energy Inc. (NASDAQ:NFE ) Q4 2022 Earnings Conference Call February 28, 2023 8:00 AM ET Company Participants Patrick Hughes - Investor Relations Wes Edens - Chairman and Chief Executive Officer Chris Guinta - Chief Financial Officer Andrew Dete - Managing Director, Commercial Cameron MacDougall - Secretary Conference Call Participants Cameron Lochridge - Bank of America Marc Solecitto - Barclays Sam Burwell - Jefferies Sean Morgan - Evercore Greg Lewis - BTIG Martin Malloy - Johnson Rice Operator Good day and welcome to the New Fortress Energy Fourth Quarter 2022 Earnings Conference Call. Today's conference is being recorded.

New Fortress Energy Inc. (NFE) Q4 2022 Earnings Call Transcript

New Fortress Energy (NFE) delivered earnings and revenue surprises of 19.18% and 31.58%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

New Fortress Energy (NFE) Q4 Earnings Beat Estimates

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Announces Fourth Quarter and Full Year 2022 Results

New Fortress Energy Announces Fourth Quarter and Full Year 2022 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.

Earnings Preview: New Fortress Energy (NFE) Q4 Earnings Expected to Decline

Energy Transfer LP Unit

FS KKR Capital Corp

Gladstone Commercial

Altria

Medical Properties Trust

If you believe some of the top Wall Street strategists, the 2023 rally is almost over.

Dividend Lovers Are Flying Into These ‘Strong Buy' 7% or More Yielding Stocks

NFE is known for using a disruptive approach in its development of stalled gas assets such as Lakach in Mexico. The 5 Fast LNG units under development by NFE represent a liquefaction increment of about 7 million tons per annum (mta).

New Fortress Energy: Continued Portfolio Optimization Into 2023

New Fortress Energy's net loss per diluted share of $0.81 in 2Q 2022 turned into a 3Q 2022 net income per diluted share of $0.29. Due to the reopening of China and the increasing global demand for U.S. LNG, the market outlook for NFE is strong.

New Fortress Energy: Do Not Ignore Its FLNG Units' Potentials

Golar LNG

New Fortress Energy LLC NFE, -3.00% said Monday it agreed to sell its ownership stake in a floating liquefaction facility in Cameroon for $586 million, including $323 million in debt and $263 million in cash and stock, to Golar LNG Ltd. GLNG, -0.52%.

New Fortress Energy sells stake in Cameroon liquefaction plant to Golar LNG for $586 mln

NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQ: NFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE's ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.

New Fortress Energy Sells Stake in Hilli for Cash and Return of Remaining NFE Shares Held by Golar

Brookfield Renewable Partners

Constellation Energy Corp

Dominion Energy

Con Ed

Fluence Energy

ONE Gas

Otter Tail

Income investors like utility stocks for their stability and generous dividends. Here are nine to watch in an uncertain market.

The 9 Best Utility Stocks to Buy Now

NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the fourth quarter and full year 2022 prior to 8:00 A.M. Eastern Time on Tuesday, February 28th, 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.

New Fortress Energy Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Antero Midstream Partners

Coterra Energy

Pioneer Natural Resources

There was little surprise after Exxon Mobil posted stunning results for the latest quarter, including a massive $56 billion profit for 2022.

Energy Continues to Crush Analysts Expectations: 5 ‘Strong Buy' Stocks With 8% and Higher Dividends

NEW YORK--( BUSINESS WIRE )--New Fortress Energy (NASDAQ: NFE) announced today that Genera PR LLC (“Genera”), an independently managed subsidiary of NFE, has been selected by the Puerto Rico Public-Private Partnerships Authority (“P3A”) for a 10-year Operation and Maintenance Agreement (the “Agreement”) with the Puerto Rico Electric Power Authority (“PREPA”).

NFE Subsidiary Genera Awarded Contract to Manage Puerto Rico's Power Generation System

BHP Billiton

Ecopetrol

Lumen Technologies

Petroleo Brasileiro

Star Bulk Carriers

ZIM Integrated Shipping Services

Income lovers are no doubt on the hunt for the highest-paying dividend stocks. Of course, investors must be aware of the risk that comes with the highest-paying dividend stocks.

The 7 Highest-Paying Dividend Stocks for Income Lovers

Apollo Global Management

Flex Lng Ltd

GasLog Partners

The LNG shipping sector, represented by the UP World LNG Shipping Index, gained 45.76% in 2022. Two companies gained over 77%.

2022: Great Year For LNG Shipping Stocks

New Fortress Energy Inc NFE shares are trading lower by 9.19% to $44.39 Thursday morning after the company announced pricing of a secondary offering of common stock.

Why New Fortress Energy Stock Is Falling - New Fortress Energy (NASDAQ:NFE)

NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of the previously announced secondary public offering of 6,900,000 shares of its common stock by Energy Transition Holdings LLC (the “Selling Stockholder”), an entity managed by Great Mountain Partners LLC, at a price to the public of $46.00 per share. The 6,900,000 shares of common stock being sold in this offering represent approximately 3.3% of the Company's outstanding common stock as of the close of business on December 13, 2022 and represent 21.3% of the shares held by the Selling Stockholder in the Company as of that date. The Company will not receive any proceeds from the sale of the shares by the Selling Stockholder. The offering is expected to close on December 19, 2022, subject to customary closing conditions.

New Fortress Energy Inc. Announces Pricing of Secondary Offering of Common Stock

NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the commencement of a proposed underwritten secondary public offering of 6,900,000 shares of the Company's common stock by Energy Transition Holdings LLC (the “Selling Stockholder”), an entity managed by Great Mountain Partners LLC. The 6,900,000 shares of common stock being sold in this offering represent approximately 3.3% of the Company's outstanding common stock as of the close of business on December 13, 2022 and represent 21.3% of the shares held by the Selling Stockholder in the Company as of that date. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

News for New Fortress Energy Stock (NFE)