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Jun 30
New Fortress Energy Q2 2025 Earnings Report
New Fortress Energy reported a significant net loss due to large impairment charges, despite closing a major asset sale.
Key Takeaways
The company posted a $557 million net loss in Q2 2025, mainly driven by non-cash impairment charges, though partially offset by a $473 million gain on sale of Jamaican operations. Adjusted EBITDA turned negative, and revenues declined substantially year-over-year.
Net loss of $557 million driven by $699 million in impairment charges.
Adjusted EBITDA was negative $3.7 million for the quarter.
Revenue fell to $301.7 million from $428.0 million a year ago.
Company booked a $473 million gain from the sale of its Jamaican operations.
New Fortress Energy
New Fortress Energy
New Fortress Energy Revenue by Segment
Revenue by Segment
Terminals & Infra Revenue
CapyFin.comShips Revenue
CapyFin.com Forward Guidance
The company expects improvements in core earnings driven by new developments and strategic restructuring, but acknowledges liquidity risks and uncertainty around outcomes.
Positive Outlook
- Commissioning of 624 MW CELBA plant expected before year-end.
- FLNG 1 performed at or above nameplate capacity during Q2.
- Expansions in Brazil and Nicaragua expected to drive earnings.
- Gain on Jamaican asset sale strengthens liquidity.
- Engagement with FEMA and PREPA ongoing with optimistic resolution outlook.
Challenges Ahead
- Significant asset and goodwill impairments impacted profitability.
- Adjusted EBITDA turned negative in Q2.
- Revenue declined significantly year-over-year.
- Ongoing strategic review indicates financial stress.
- Uncertainty around resolution of debt and capital structure adjustments.