New Fortress Energy Earnings Reports

New Fortress Energy generated $679.0 million in revenue for Q4 2024, an increase from the previous quarter. However, the company reported a net loss of $224 million, primarily due to a $260 million loss on debt extinguishment. Adjusted EBITDA reached $313 million, exceeding guidance. The company completed its Fast LNG asset, expanded its gas supply contracts in Puerto Rico, and strengthened its financial position through refinancing initiatives.

New Fortress Energy reported a solid third quarter with an Adjusted EBITDA of $176 million, aligning with guidance. The company is focusing on strategic financing transactions to enhance liquidity and is exploring partnerships for its primary businesses.

New Fortress Energy reported a net loss of $87 million and Adjusted EBITDA of $120 million for the second quarter of 2024. Results were impacted by delays in placing the FLNG 1 project into service. The company completed its initial Fast LNG asset in Altamira, Mexico, and anticipates growth from its Puerto Rico, Nicaragua, and Brazil assets.

New Fortress Energy announced strong first quarter 2024 results, highlighting the completion of their first FLNG unit, commencement of operations in Brazil, and the sale of power plants in Puerto Rico along with securing a significant gas contract.

New Fortress Energy reported a strong fourth quarter and full year 2023, highlighted by significant growth in adjusted EBITDA, net income, and adjusted EPS. The company successfully placed its first Fast LNG unit and secured financing for a second project, while also completing key terminal projects in Brazil.

New Fortress Energy reported adjusted EBITDA of $208 million and net income of $62 million for the third quarter of 2023. The company is transitioning towards core infrastructure with nearly 100% of third quarter earnings from contracted downstream assets. NFE is expecting an increase in earnings and decrease in capex beginning in the fourth quarter of 2023 as they place approximately $3.0 billion of invested capital projects online and plans to deleverage by selling approximately $1 billion of non-core assets.

New Fortress Energy reported a net income of $120.1 million and an Adjusted EBITDA of $246.5 million. The company is nearing the end of its large-scale buildout with $3.2 billion of contracted projects entering service over the next 90 days. They anticipate a significant increase in free cash flow as these projects become operational and capital expenditures decrease.

New Fortress Energy reported strong Q1 2023 results, including a record quarterly Adjusted EBITDA of $440 million and net income of $152 million. The company is on track to achieve its Illustrative Adjusted EBITDA Goal of ~$2.0 billion for 2023 and announced a 2023 Illustrative Adjusted Net Income Goal of ~$1.2 billion.

New Fortress Energy Inc. reported its financial results for the fourth quarter and for the year ended December 31, 2022. The company reported Q4 2022 Adjusted EBITDA of $239 million and net income of $66 million.

New Fortress Energy reported Q3 2022 Adjusted EBITDA of $291 million and net income of $56 million. Adjusted EPS for the period was $0.41 per share.

New Fortress Energy reported a net loss of $(178.4) million for Q2 2022 but an adjusted EPS of $0.69 per share. The company is on track to achieve an Illustrative Adjusted EBITDA Goal of $1.0+ billion for 2022 and $1.5+ billion for 2023 before accounting for Fast LNG (FLNG) contribution.

New Fortress Energy reported a net income of $241.2 million and an Adjusted EBITDA of $257.7 million for Q1 2022.

New Fortress Energy reported strong Q4 2021 results, marked by record quarterly revenue and Adjusted EBITDA. The company is advancing its infrastructure projects and expanding its LNG supply and clean energy initiatives.

New Fortress Energy reported a record quarterly revenue of over $300 million, with a net loss of $17.8 million. The company's Total Segment Operating Margin reached $210.5 million, driven by incremental revenue from the Ships segment and the Sergipe Power Plant.

New Fortress Energy Inc. announced its second quarter 2021 results, reporting record quarterly revenue of $223.8 million and a net loss of $1.7 million. The company saw significant commercial progress in Brazil and secured LNG supply for its terminals through 2027. Development projects are advancing, and the company reaffirmed a dividend of $0.10 per share.

New Fortress Energy reported first quarter 2021 financial results, which included revenue stability compared to the previous quarter but a significant net loss increase primarily due to higher LNG costs and acquisition-related expenses. The company highlighted the formation of a joint venture, Zero Parks, focused on renewable and low-carbon fuels, and declared a dividend of $0.10 per share.

New Fortress Energy reported a record quarterly revenue of $145.7 million, an increase of $8.8 million from Q3 2020. The company's net loss was $0.5 million, a significant improvement from the Q3 2020 net loss of $36.7 million. Operating Margin was over $60 million, representing 42% of revenue.

New Fortress Energy reported record quarterly revenue of nearly $137 million, a $40 million increase from Q2 2020. The company's net loss decreased by approximately $130 million from Q2 2020, driven by an approximately $28 million loss on extinguishment of debt and financing costs. The operating margin was over $51 million, representing over a 230% increase from Q2 2020.

New Fortress Energy reported an increase in revenue driven by higher volumes and a positive operating margin for Q2 2020. However, the company experienced a significant net loss due to contract termination charges related to the termination of 2020 cargos.

New Fortress Energy announced record volumes in Q1 2020, exceeding 1,650,000 gallons per day in April. Revenue increased to $74.5 million, driven by higher volumes from the Jamalco CHP Plant, but was offset by lower Henry Hub prices and development services revenue. The net loss increased to $60.1 million, influenced by additional interest expenses and a loss from debt extinguishment. COVID-19 did not materially impact financial results during the quarter.

New Fortress Energy LLC reported increased revenues for Q4 2019, driven by revenue from the Old Harbour terminal, increased volumes to industrial end users in Jamaica, and additional sales at the Montego Bay terminal. The company also achieved its first quarter of positive operating margin. Net loss decreased due to the positive operating margin and decreases in SG&A expense.