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

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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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The stock price of New Fortress Energy Inc (NASDAQ: NFE) increased by over 25% today. This is why it happened.

NFE Stock: Why It Substantially Increased Today

The clean energy infrastructure company gave investors some great news.

Why New Fortress Energy Stock Is Soaring Today

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced today that management will host an investor update conference call on October 7, 2021 at 9:00am Eastern Time. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Investor Update Call." A Form 8-K w

New Fortress Energy Inc. Schedules Investor Update Conference Call

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced today that it has executed a term loan facility secured by eight Company vessels (the “Shipping Facility”). The Company made an initial borrowing of $430 million and can borrow up to $725 million under the Shipping Facility. The Shipping Facility has a three-year term, and loans issued under the facility will bear interest at an annual rate equal to LIBOR plus 3.00%, subject to a 0.0% L

New Fortress Energy Announces $725 Million Shipping Term Loan Facility

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) and The Government of the Democratic Socialist Republic of Sri Lanka (“GOSL”) jointly announced today that they have executed a definitive agreement for New Fortress' investment in West Coast Power Limited (“WCP”), the owner of the 310 MW Yugadanavi Power Plant based in Colombo, along with the rights to develop a new LNG Terminal off the coast of Colombo, the capital city. As part of the transaction, New Fortress

New Fortress Energy Finalizes Contract with Government of Sri Lanka for LNG Terminal, Investment into 310 MW Yugadanavi Power Plant, and Gas Supply to Country's Power Plants

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed definitive commercial terms with a subsidiary of Norsk Hydro ASA (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. “We are excited to partner with Hydro to transition the Alunorte refinery to a cleaner fuel and to support Hydro's global sustainability and environmental commitment,” said Wes Edens, Chairman and CEO of New Fortress E

NFE and Hydro Finalize Definitive Commercial Terms for Natural Gas Supply to the Alunorte Alumina Refinery in the State of Pará, Brazil

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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed two Gas Supply Agreements (“GSA”) with subsidiaries of Unigel Participações (“Unigel”) to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants (the “Fertilizer Plants”) located in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel's chemicals facility in Candeias, state of Bahia, Brazil. In total, NFE

New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia

New Fortress Energy's (NFE) CEO Wesley Edens on Q2 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 second quarter ending June 30, 2021. Second Quarter Highlights Commercial update Tremendous commercial headway in the Brazil market - Signed eight new sales agreements for 5.8mm Committed(1) gallons per day (“GPD”) contributing to illustrative Total Segment Operating Margin goal(2) of $1.1Bn Norsk Hydro – Signed memorandum of understanding (“MOU”) and negotiati

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

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that its liquefied natural gas (LNG) terminal (the “Terminal”) in the port of Pichilingue, Baja California Sur, Mexico has begun commercial operations and will host an event featuring state and local officials at the Terminal on Friday, July 16th. “The delivery of more affordable and cleaner-burning natural gas is a significant milestone for Baja California Sur,” said Wes Edens, Chairman and CEO of NFE. “O

New Fortress Energy Commences Operations in Baja California Sur

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Memorandum of Understanding (MOU) with Lakdhanavi Limited (LTL), a private company in Sri Lanka, to jointly develop a 350 MW gas-fired power plant in the Kerawalapitiya Power Complex located in Colombo, Sri Lanka. “This partnership builds on our efforts to accelerate Sri Lanka's transition to cleaner, cheaper energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. “T

New Fortress Energy to Develop New 350 MW Power Plant in Sri Lanka

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed a Framework Agreement (the “Agreement”) with the Government of Sri Lanka to construct a new offshore liquefied natural gas (LNG) receiving, storage and regasification terminal (the “Terminal”). The Terminal will be located off the coast of Colombo to supply gas to the country's power plants, primarily located in the Kerawalapitiya Power Complex. The Kerawalapitiya Power Complex

New Fortress Energy and Government of Sri Lanka Sign Agreement for LNG Terminal and Gas Supply to Power Plants

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE's existing natural gas and electricity businesses through the end of 2027. “This transaction secures our LNG supply for the next several years across our existing portfolio of terminals and customers,” said Wes Edens, Chairman and CEO of NFE. “With commercial operations expected to begin wi

New Fortress Energy Secures LNG Supply Through 2027

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the second quarter 2021 prior to 8:00 A.M. Eastern Time on Thursday, August 5, 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 Thursday, August 5, 2021 at 8:00 A.M. Eastern Time. The conference call may be access

New Fortress Energy Inc. Schedules Second Quarter 2021 Earnings Release and Conference Call

KINGSTON, Jamaica--(BUSINESS WIRE)--Sagicor Group Jamaica has announced that it will be structuring a US$285 million sale and leaseback of the combined heat and power plant in Clarendon owned by New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”). The transaction will be the largest corporate financing in Jamaica's history. As anchor investors in the transaction, Sagicor Group Jamaica entities will invest US$100 million in the transaction. Sagicor Investments Jamaica will act as the lead arranger fo

Sagicor Group Jamaica Finances Sale and Leaseback of New Fortress Energy's Clarendon Power Plant

New Fortress Energy announces an exciting new JV with FTAI. The JV accelerates its push into renewable fuels and comes with compelling deal economics as well.

New Fortress Energy: Capitalizing On The Renewables Growth Opportunity

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New Fortress Energy's (NFE) CEO Wes Edens on Q1 2021 Results - Earnings Call Transcript

New Fortress Energy (NFE) delivered earnings and revenue surprises of -520.00% and -9.96%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

New Fortress Energy (NFE) Reports Q1 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 first quarter ending March 31, 2021. Business Highlights Closed previously announced acquisitions of Hygo Energy Transition Ltd. (“Hygo”) and Golar LNG Partners LP (“GMLP”) for $5.1bn enterprise value Development projects are advancing on budget and schedule(1) Our Mexico and Nicaragua terminals are expected to be operational(2) in Q2 2021 Our first ISO Flex ve

New Fortress Energy Announces First Quarter 2021 Results; Forms Joint Venture with Fortress Transportation and Infrastructure LLC Focused on Renewable and Clean Fuels; 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 first quarter 2021 prior to 8:00 A.M. Eastern Time on Friday, May 7, 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 Friday, May 7, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by diali

New Fortress Energy Inc. Schedules First Quarter 2021 Earnings Release and Conference Call

Golar LNG Partners

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) announced the completion of its sale to New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) on April 15, 2021. In connection with the sale to NFE, NFE has acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash and GMLP's general partner for equivalent consideration based on the general partner's economic interest in GMLP. On April 23, 2021, the GMLP board of directors approved delisting the GMLP'

Golar LNG Partners LP to Voluntarily Delist its 8.75% Series A Cumulative Redeemable Preferred Units

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of Norsk Hydro (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. “We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy,” said Wes Ed

New Fortress Energy to Supply Natural Gas to Norsk Hydro's Alunorte Alumina Refinery in the State of Pará, Brazil

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced the completion of its acquisition of Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), for 31,372,549 shares of NFE and $580 million in cash. NFE simultaneously announced the completion of the acquisition of all of the outstandi

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