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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
$352.80M
P/E (TTM)
-0.4
0
Dividend Yield
--
52W High
$16.66
52W Low
$1.17
52W Range
0%
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

Q2 2025 Data

Revenue

$301.69M-29.51%
4-Quarter Trend

EPS

-$2.02+359.09%
4-Quarter Trend

FCF

-$664.78M+16.62%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Jamaica Sale Impact Recognized Recognized $472.7M gain from Jamaica Business sale. Operating cash flow turned negative, $(384.2M) used in six months.
Significant Impairment Charges Recorded Recognized $582.2M goodwill impairment charge. Asset impairment reached $117.6M in the six-month period.
Revenues Decline Post-Divestiture Six-month revenues dropped to $772.2M from $1.12B. Terminals segment operating margin fell sharply to $67.4M.
Equity Deterioration Noted Stockholders' equity fell to $1.35B from $2.00B since year-end. Management noted substantial going concern doubt.

Risk Factors

Substantial Going Concern Doubt Current liquidity insufficient to support obligations. Substantial doubt exists regarding ability to continue as a going concern.
Debt Covenant Non-Compliance Risk Expect Q3 2025 covenant non-compliance on Revolving/Term Loan A. Acceleration risk threatens all outstanding indebtedness.
PortoCem Guarantee Deadline Missed Missed $79.1M PortoCem guarantee deadline. Majority debenture holders can now declare early maturity event.
Project Development Regulatory Hurdles Development projects face complex regulatory hurdles, permitting delays, and potential cost overruns in various jurisdictions.

Outlook

Evaluating Strategic Alternatives Initiated process to evaluate strategic alternatives, including asset sales and debt refinancing, to improve liquidity.
New Project Commissioning Expected Barcarena Facility construction complete; final commissioning underway. PortoCem Power Plant expected completion in 2026.
New Debt Covenants Effective Soon New financial covenants for Term Loan A begin Q3 2025; compliance expected to be difficult without waivers.
Series B Preferred Stock Settled Majority Series B Preferred Stock holders redeemed shares for Class A stock on August 1, 2025.

Peer Comparison

Revenue (TTM)

New Fortress Energy Inc.NFE
$2.02B
-15.6%
Unitil CorporationUTL
$502.00M
+1.0%
Genie Energy Ltd.GNE
$483.28M
+13.1%

Gross Margin (Latest Quarter)

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

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
UTL$777.92M16.49.0%43.2%
ARIS$774.71M27.27.5%34.7%
NRGV$574.59M-3.9-113.2%14.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-19.0%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • 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-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/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-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

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $2.41B+1.9%
    |
    EPS: $2.66+186.0%
    Beat