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New Fortress Energy Inc.

New Fortress Energy Inc.

NASDAQ•NFE
CEO: Mr. Wesley Robert Edens
Sector: Utilities
Industry: Regulated Gas
Listing Date: 2019-01-31
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
Contact Information
111 West 19th Street, 8th Floor, New York, NY, 10011, United States
516-268-7400
www.newfortressenergy.com
Market Cap
$446.75M
P/E (TTM)
-0.3
0
Dividend Yield
--
52W High
$16.66
52W Low
$0.98
52W Range
4%
Rank62Top 82.4%
2.3
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024

Financial Dashboard

Q3 2025 Data

Revenue

$327.37M-42.32%
4-Quarter Trend

EPS

-$1.07-3496.82%
4-Quarter Trend

FCF

-$296.69M-34.31%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Jamaica Sale Proceeds Received net proceeds of $678.5M from Jamaica Business sale; recognized $471.0M gain in nine months ended September 30.
Ships Segment Margin Strong Ships segment operating margin reached $20.2M in Q3 2025; Terminals segment margin was $44.4M for the quarter.
Major Goodwill Impairment Charge Recognized $582.2M goodwill impairment loss for nine months 2025; total asset impairment expense reached $127.9M.

Risk Factors

Substantial Going Concern Doubt Management concluded substantial doubt exists due to operating losses and inability to fully support obligations when due.
Expected Debt Covenant Breaches Company expects non-compliance with first lien debt ratio covenants for Q4 2025 under Revolving Facility agreements.
New 2029 Notes Interest Default Missed $163.8M interest payment on New 2029 Notes; forbearance agreement expires December 15, 2025.
Liquidity Used in Operations Net cash used in operating activities was $(575.2M) for nine months 2025, a $(721.4M) decrease from prior year.

Outlook

Evaluating Strategic Alternatives Initiated process to evaluate strategic alternatives including asset sales and debt amendments to provide additional liquidity.
IT Controls Remediation Underway Material weakness identified in IT controls supporting financial reporting; remediation efforts are ongoing and subject to review.
Barcarena Power Plant Commissioning Barcarena Power Plant commissioning underway in Q3 2025; expected to begin delivering $93.8M power revenue.

Peer Comparison

Revenue (TTM)

New Fortress Energy Inc.NFE
$1.78B
-27.2%
Unitil CorporationUTL
$502.00M
+1.0%
Genie Energy Ltd.GNE
$483.28M
+13.1%

Gross Margin (Latest Quarter)

Unitil CorporationUTL
40.6%
+20.3pp
Artesian Resources CorporationARTNA
40.3%
-13.9pp
Consolidated Water Co. Ltd.CWCO
38.2%
+2.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
UTL$782.66M16.59.0%43.2%
ARIS$774.71M27.27.5%34.7%
NRGV$714.28M-4.6-113.2%14.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-21.6%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Dec 11, 2025
|
EPS:-$0.89
|
Revenue:$548.13M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 21, 2025|
    Revenue: $327.37M-42.3%
    |
    EPS: $-1.07-3496.8%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Sep 5, 2025|
    Revenue: $301.69M-29.5%
    |
    EPS: $-2.02+359.1%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Jun 30, 2025|
    Revenue: $2.36B-2.0%
    |
    EPS: $-1.24-146.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Jun 30, 2025|
    Revenue: $470.54M-31.8%
    |
    EPS: $-0.73-380.8%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 10, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $567.54M+10.3%
    |
    EPS: $0.03-89.5%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $428.01M-23.8%
    |
    EPS: $-0.44-175.9%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $690.32M+19.2%
    |
    EPS: $0.26-63.9%
    Miss