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Sep 30, 2024
New Fortress Energy Q3 2024 Earnings Report
Reported a steady third quarter, driven by terminal volume demand and Fast LNG cargos.
Key Takeaways
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.
Achieved Adjusted EBITDA of $176 million in Q3 2024.
Reported net income of $11 million in Q3 2024.
Achieved Adjusted EPS of $0.05 on a fully diluted basis in Q3 2024.
Reported EPS of $0.03 on a fully diluted basis in Q3 2024.
New Fortress Energy
New Fortress Energy
Forward Guidance
The company's Illustrative Adjusted EBITDA Goal is $855 million in the full year 2024.