New Fortress Energy Q1 2023 Earnings Report
Key Takeaways
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.
Reported record quarterly Adjusted EBITDA of $440 million for Q1 2023.
Net income for Q1 2023 was $152 million.
Adjusted EPS for Q1 2023 was $0.90 per share on a fully diluted basis.
Announced a 2023 Illustrative Adjusted Net Income Goal of ~$1.2 billion.
New Fortress Energy
New Fortress Energy
New Fortress Energy Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income