Loading...
•
Dec 31, 2024
New Fortress Energy Q4 2024 Earnings Report
New Fortress Energy reported a Q4 2024 net loss, despite strong revenue growth and adjusted EBITDA surpassing guidance.
Key Takeaways
New Fortress Energy generated $679.0 million in revenue for Q4 2024, an increase from the previous quarter. However, the company reported a net loss of $224 million, primarily due to a $260 million loss on debt extinguishment. Adjusted EBITDA reached $313 million, exceeding guidance. The company completed its Fast LNG asset, expanded its gas supply contracts in Puerto Rico, and strengthened its financial position through refinancing initiatives.
Revenue reached $679.0 million in Q4 2024, reflecting strong growth.
Net loss of $224 million, driven by refinancing-related charges.
Adjusted EBITDA of $313 million, surpassing prior guidance.
Fast LNG asset was completed and placed into service.
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
New Fortress Energy expects continued revenue growth and improved financial performance, driven by its LNG expansion, infrastructure projects, and refinancing benefits.
Positive Outlook
- Revenue growth expected with Fast LNG fully operational.
- Puerto Rico gas supply contract extension to drive stable revenue.
- Brazil power plant development progressing, with auctions expected in June 2025.
- Successful debt refinancing strengthens balance sheet.
- Adjusted EBITDA expected to remain strong with cost optimizations.
Challenges Ahead
- Debt refinancing costs weighed heavily on profitability.
- Increased competition in the LNG market could pressure margins.
- Regulatory delays may impact project timelines.
- Macroeconomic conditions could affect energy demand.
- Potential operational challenges with new infrastructure projects.