New Fortress Energy Q4 2022 Earnings Report
Key Takeaways
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.
Reported Q4 2022 Adjusted EBITDA of $239 million and ~$1.1 billion for the year ended December 31, 2022
Net income for three months and year ended December 31, 2022 was $66 million and $185 million, respectively
Adjusted EPS for Q4 2022 and full year 2022 was $0.87 per share and $2.74 per share, respectively, on a fully diluted basis and $0.30 per share and $0.93 per share for Q4 and full year 2022 when including a non-cash impairment charges
Announcing a 2023 Illustrative Adjusted EBITDA Goal of ~$2.0 billion
New Fortress Energy
New Fortress Energy
Forward Guidance
The company is announcing a 2023 Illustrative Adjusted EBITDA Goal of ~$2.0 billion, which, if achieved, would result in a near-doubling of Adjusted EBITDA and Adjusted Net Income in 2023 relative to 2022.