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
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.
Visualization of income flow from segment revenue to net income