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Sep 30, 2025
New Fortress Energy Q3 2025 Earnings Report
New Fortress Energy reported a net loss for Q3 2025 amid lower revenue from its Ships segment and increased operating expenses.
Key Takeaways
The company posted a net loss of $293.4 million and a revenue decline compared to the previous quarter. Terminal operations contributed to revenue gains, while the Ships segment saw a decline. Operating income turned negative, and EPS fell into negative territory.
Total Q3 revenue was $327.4 million, led by $301.8 million from Terminals and Infrastructure.
Net loss of $293.4 million due to lower gross margins and increased operating expenses.
Diluted EPS was $(1.07), compared to $0.03 in the prior year quarter.
Ships segment revenue declined by $12.9 million sequentially.
Revenue by Segment
Forward Guidance
The company expects continued improvement in power sales from Barcarena and other assets, but warns of volatility from fuel prices and regulatory uncertainty.
Positive Outlook
- Power purchase agreements from Barcarena expected to generate recurring revenue.
- Strong demand expected from La Paz facility.
- Henry Hub pricing recovery may benefit downstream revenues.
- Operational focus on Fast LNG units to enhance efficiency.
- Sub-charter revenues from Energos vessels to continue.
Challenges Ahead
- Jamaica business sale reduced terminal revenue base.
- Volume decline from San Juan and Old Harbour facilities.
- No cargo sales reported in Q3 2025.
- Operating expenses rose due to legal and bad debt costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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