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.

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New Fortress Energy, Inc. (NASDAQ:NFE ) Q1 2022 Earnings Conference Call May 5, 2022 8:00 AM ET Company Participants Brett Magill - Management Director & Head of IR Wesley Edens - Chairman & CEO Andrew Dete - Managing Director Christopher Guinta - CFO Patrick Hughes - Chief Commercial Officer of Zero Park Kenneth Nicholson - Managing Director Conference Call Participants Spiro Dounis - Credit Suisse Sean Morgan - Evercore Frank Galanti - Stifel Marc Solecitto - Barclays Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear.

New Fortress Energy, Inc. (NFE) CEO Wesley Edens on Q1 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today reported its financial results for the first quarter of 2022. Summary Highlights Reported Q1 2022 net cash flow from operations of $114 million, net income of approximately $241 million and EPS of $1.13 per share on a fully diluted basis Reported Q1 2022 Adjusted EBITDA of approximately $258 million (six-months trailing of $592 million) Reiterated on-track to achieve illustrative full-year 2022 and

New Fortress Energy Announces First Quarter 2022 Results

New Fortress runs a global integrated gas-to-power infrastructure business. In my view, if management continues to make investments in LNG and power facilities, and need for LNG increases as expected, free cash flow will likely trend north.

New Fortress: $2-$2.5 Billion In New Liquidity Could Make The Price Spike

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) today announced that the U.S. Coast Guard, in coordination with the Maritime Administration, has affirmed the completeness of NFE's deepwater port license application and will proceed with the preparation of an environmental impact statement as part of the environmental review within the 356-day application process. NFE's application proposes the ownership, construction, operation, and eventu

NFE Application for Fast LNG Solution in the U.S. Gulf of Mexico Advances

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the first quarter 2022 prior to 8:00 A.M. Eastern Time on Thursday, May 5th, 2022. 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 Thursday, May 5th, 2022 at 8:00 A.M. Eastern Time. The conference call may be accessed

New Fortress Energy Schedules First-Quarter 2022 Earnings Release and Conference Call

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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) today announced that it has concurrently filed applications with the U.S. Maritime Administration, the U.S. Coast Guard and U.S. Department of Energy to request all necessary permits and regulatory approvals to site, construct and operate a new offshore LNG liquefaction terminal off the coast of Louisiana (“the Project”) with a capacity of exporting approximately 145 billion cubic feet of nat

New Fortress Energy Files Permit Application to Deploy its Fast LNG Solution in the U.S. Gulf of Mexico

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 could translate into further price increase in the near term.

New Fortress Energy (NFE) Moves 6.2% Higher: Will This Strength Last?

New Fortress Energy (NFE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why New Fortress Energy (NFE) Stock Might be a Great Pick

ARLINGTON, Va. , March 16, 2022 /PRNewswire/ -- Today, Venture Global LNG announced that it has executed two new long-term 20-year Sales and Purchase Agreements (SPAs) with New Fortress Energy Inc. (NASDAQ: NFE), including 1 million tonnes per annum (MTPA) from Plaquemines LNG and 1 MTPA from CP2 LNG.

VENTURE GLOBAL ANNOUNCES NEW SALES AGREEMENTS FOR PLAQUEMINES AND CP2 LNG, RELEASES UPDATE ON PRE-FID MILESTONES

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) announced today the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG (“Venture Global”). Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana. Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global's Plaquemines LNG export facility in P

NFE Announces LNG Sale and Purchase Agreements with Venture Global LNG

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today issued a statement following a favorable ruling on Friday, March 4, by the Supreme Court of the Democratic Socialist Republic of Sri Lanka (the “Court”). Having considered the merits of all the fundamental rights petitions filed seeking to halt NFE's development of natural gas power solutions in Sri Lanka, the Court fully dismissed the petitions without further hearing. NFE and The Government of the

New Fortress Energy Reiterates Commitment to LNG and Power Projects in Sri Lanka Following Favorable Court Ruling

New Fortress Energy, Inc. (NFE) CEO Wesley Edens on Q4 2021 Results - Earnings Call Transcript

Investors are powering up their portfolios with this natural gas stock after a strong quarterly earnings report.

Why Shares of New Fortress Energy Are Jumping Today

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today reported its financial results for the fourth quarter and full year 2021. Fourth Quarter Highlights Financial results NFE is pleased to report our highest quarterly and annual net income and EPS in our history Net income of over $151 million and EPS of $0.72 per share on a fully diluted basis for Q4 2021 Net income of over $92 million and EPS of $0.47 per share on a fully diluted basis for the year

New Fortress Energy Announces Fourth Quarter 2021 Results and Declares Dividend of $0.10 Per Class A Common Share

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) announced today the execution of a Heads of Agreement (HoA) with Eni S.p.A. fully owned subsidiary, Eni Congo (together with its affiliates, “Eni”) for the deployment of NFE's Fast LNG liquefaction technology off the coast of the Republic of the Congo for a period of 20 years. NFE will deploy its innovative “Fast LNG” facility to produce up to 1.4 million metric tons per year of LNG in the as

NFE and Eni Congo Agree to Deploy Fast LNG Solution in The Republic of Congo

New Fortress has invested around $8 billion over the past 8 years building a world-class, global LNG infrastructure portfolio. As expected, until now, New Fortress was producing negative operating cash flows. First you build, then you earn. Now, these investments are starting to pay off handsomely.

New Fortress To Generate At Least $1 Billion In Annual Free Cash Flow

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 2021 prior to 8:00 A.M. Eastern Time on Tuesday, March 1st, 2022. 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, March 1st, 2022 at 8:00 A.M. Eastern Time. The conference call

New Fortress Energy Inc. Schedules Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today the execution of a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas ("LNG") and blue ammonia, utilizing existing offshore gas reserves off the coast of Mauritania. Under the MOU, NFE will deploy its innovative “Fast LNG” liquefaction technology to produce LNG in the Atlantic coastal basin offs

NFE Signs MOU With Mauritania for Fast LNG and Gas to Power Project

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today the execution of a 15-year gas supply agreement (GSA) with a subsidiary of Norsk Hydro ASA (“Hydro”) for the supply of natural gas to the Alunorte Alumina Refinery in Pará, Brazil. “The long-term partnership between Hydro and NFE will greatly benefit the state of Pará and Barcarena community,” said Wes Edens, Chairman and CEO of New Fortress Energy. “Supply of natural gas from NFE's Barcarena LNG terminal

NFE Signs Gas Supply Agreement with Hydro for the Alunorte Alumina Refinery in the State of Pará, Brazil

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that S&P Global Ratings (“S&P”) has upgraded NFE's issuer credit rating to ‘BB-'/Stable Outlook from ‘B+'. S&P based the rating upgrade on NFE's growing cash flow as it supplies LNG volumes across a more diversified asset base. In the year since NFE's previous ratings forecast, the Company has expanded its presence from 3 terminals serving 37 customers to 11 terminals operating

New Fortress Energy Announces Credit Rating Upgrade by S&P Global Ratings

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New Fortress Energy, Inc. (NFE) CEO Wesley Edens on Q3 2021 Results - 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 ending September 30, 2021. Third Quarter Highlights Record Total Segment Operating Margin(1) in Q3 of approximately $210 million, beating Illustrative Total Segment Operating Margin Goal(2) of $208 million Illustrative Total Segment Operating Margin Goal for the 2nd half of 2021 expected to be $585 million, a 50% increase from the Illustrative Tot

New Fortress Energy Announces Third Quarter 2021 Results and Declares Dividend of $0.10 per Class A Common Share

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the third quarter 2021 prior to 8:00 A.M. Eastern Time on Wednesday, November 3, 2021. 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 3, 2021 at 8:00 A.M. Eastern Time. The conference call may be a

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