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 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 ending December 31, 2020. NFE also announced today that its Board of Directors has declared a first quarter 2021 common stock dividend of $0.10 per Class A common share. Business Highlights Announced 3 separate transactions for $5.1bn enterprise value Acquiring Hygo Energy Transition Ltd., which includes Brazil's largest thermal pow

New Fortress Energy Announces Fourth Quarter and Full Year 2020 Results; Final Investment Decision on “Fast LNG” Solution; Dividend of $0.10 per Class A common share

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.

Will New Fortress Energy (NFE) Report Negative Earnings Next Week? What You Should Know

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 2020 prior to 8:00 A.M. Eastern Time on Tuesday, March 16, 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 Tuesday, March 16, 2021 at 8:00 A.M. Eastern Time. The conference call ma

New Fortress Energy Inc. Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

New Fortress Energy's (NFE) CEO Wes Edens Presents at Investor Update (Transcript)

Golar LNG

New Fortress Energy Inc. said Wednesday it has agreed to acquire Hygo Energy Transition Ltd. and Global LNG Partners LP in a combined deal valued at $5 billion.

New Fortress Energy to acquire Hygo Energy Transition and Golar LNG Partners in $5 billion combined deal

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil. “The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing regi

New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil

Golar LNG Partners

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire 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”), and Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”). “With a strong presence in Brazil and a world-class LNG shipping bus

New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined $5 Billion Transaction

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) announced today that it has signed two long-term liquefied natural gas (“LNG”) supply agreements to support the Company's natural gas and electricity businesses in Puerto Rico, Mexico, and Nicaragua. With these purchases and the previous purchases of LNG for the Company's Jamaican operations, NFE has purchased LNG volumes equal to about 80% of its expected needs across its current portfolio of terminals and asset

New Fortress Energy Signs Two Long-Term LNG Supply Agreements

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Three stocks + three stock offerings = three stocks going down.

Why New Fortress Energy, Atlas Corp, and iQIYI Stocks All Crashed Wednesday

The LNG market has come under attack in 2019 but is looking to bounce back in 2020, especially in Asian markets. New Fortress Energy is looking to more than double revenue and turn profitable over the next year.

New Fortress Energy: Don't Count Out LNG Just Yet

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”). The Additional Notes will be issued at an issue price equal to 105.25% of principal, plus accrued interest from and including September 2, 2020. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as

New Fortress Energy Announces Pricing of $250 Million of Senior Secured Notes

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has launched an underwritten public offering (the “Offering”) of $150.0 million of shares of its Class A common stock (“Common Stock”). The underwriter has agreed to purchase all of the shares offered and the Company intends to grant the underwriter an option to purchase up to an additional $22.5 million of shares of Common Stock. The Company expects to use the net proceeds from th

New Fortress Energy Announces Offering of Class A Common Stock

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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it intends to offer $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”) in a private offering, subject to market conditions. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as of the date hereof. If consummated, the Company intends to use the net proceeds from the offering of the Additional Notes for ge

New Fortress Energy Announces Proposed Offering of $250 Million of Senior Secured Notes

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New Fortress Energy Inc. (NFE) CEO Wesley Edens on Q3 2020 Results - Earnings Call Transcript

The niche power provider's third-quarter results weren't enough to keep Wall Street sticking around

Shares of New Fortress Sink After Earnings

New Fortress Energy (NFE) delivered earnings and revenue surprises of -153.85% and -6.15%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

New Fortress Energy (NFE) Reports Q3 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 third quarter ending September 30, 2020. NFE also announced today that its Board of Directors has declared a fourth quarter 2020 common stock dividend of $0.10 per Class A common share. Business Highlights Record volumes were achieved in the third quarter Average daily volumes sold in Q3 2020 were approximately 1.5 million gallons per day, which is a 0.6 millio

New Fortress Energy Announces Third Quarter 2020 Results, Dividend of $0.10 per Class A common share

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4 Oil & Gas Earnings to Watch on Oct 29: COG, DVN, COP & NFE

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced that it has made an investment in H2Pro, an Israel-based company developing a novel, efficient and low-cost green hydrogen production technology. As part of the investment, New Fortress' renewable hydrogen-focused division, Zero, will partner with H2Pro to support demonstration projects and the commercialization of the technology. The Zero division was created with a mission to invest i

New Fortress Energy Invests in Green Hydrogen Production Technology Company H2Pro

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with the Philippine National Oil Company (“PNOC”) to advance the development of infrastructure to supply reliable, cost-competitive power and natural gas into the Philippine market, for the benefit of the country and the Filipino people. Under the MOU, PNOC and NFE will work together to identify potential opportunities to ac

New Fortress Energy Signs MOU with Philippine National Oil Company to Advance LNG Infrastructure

Shares of New Fortress Energy LLC shot up 6.5% toward a record high, after the clean energy company announced it was partnering with General Electric Co. part of a new hydrogen project. Evercore ISI analyst Sean Morgan said that project marks "the first concrete step" taken by New Fortress's new green hydrogen division, known as "Zero.

New Fortress Energy's stock shoots toward a record after announcing new hydrogen project

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the third quarter 2020 prior to 8:00 A.M. Eastern Time on Thursday, October 29, 2020. 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, October 29, 2020 at 8:00 A.M. Eastern Time. The conference call may be acce

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