New Fortress Energy Inc.
Description
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; and LNG receiving facility and gas-fired power plant in Baja Califrnia Sur, Mexico, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
About
CEO
Mr. Wesley Robert Edens
Employees
677
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Regulated Gas
MIC code
XNGS
Address
111 West 19th Street, New York, NY 10011, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.23 | — | — | — |
| Nov 7, 2024 | — | 0.05 | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | 0.12 | — | 0.47 |
| Low estimate | — | 0.07 | — | 0.01 |
| High estimate | — | 0.17 | — | 0.89 |
| Last year EPS | — | 0.67 | — | 0.33 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-96.700%
Next qtr. (Mar 2025)
-82.090%
Current year
-87.880%
Next year (Dec 2025)
42.000%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.41B | 2.37B | 1.32B | 451.65M | 189.13M |
| Cost of revenue | 1.09B | 1.18B | 741.00M | 326.35M | 210.26M |
| Gross profit | 1.32B | 1.19B | 581.81M | 125.30M | -21.13M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 205.10M | 236.05M | 199.88M | 120.14M | 152.92M |
| Other operating expenses | — | — | — | 124.11M | 5.28M |
| Operating income | 931.19M | 809.84M | 283.55M | -151.33M | -187.28M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 259.27M | 225.76M | 145.74M | 50.25M | 7.11M |
| Other income expense | 11.04M | -511.63M | -24.05M | -42.10M | 2.81M |
| Pretax income | 664.39M | 61.35M | 105.17M | -259.15M | -203.88M |
| Tax provision | 115.51M | -123.44M | 12.46M | 4.82M | 439,000 |
| Net income | 548.88M | 184.79M | 92.71M | -263.97M | -204.32M |
| Basic EPS | 2.66 | 0.93 | 0.49 | -1.71 | -1.62 |
| Diluted EPS | 2.65 | 0.93 | 0.49 | -1.71 | -1.62 |
| Basic average shares | 205.94M | 209.50M | 198.59M | 106.65M | 20.86M |
| Diluted average shares | 205.94M | 209.50M | 198.59M | 106.65M | 20.86M |
| EBITDA | 1.10B | 518.15M | 406.10M | -138.50M | -188.13M |
| Net income from continuing op. | 548.88M | 184.79M | 92.71M | -263.97M | -204.32M |
| Minority interests | -994,000 | 9.69M | 4.39M | 81.82M | 170.51M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 10.50B | 7.71B | 6.88B | 1.91B | 1.12B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 155.41M | 675.49M | 187.51M | 601.52M | 27.10M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 342.37M | 280.31M | 208.50M | 76.54M | 49.89M |
| Other receivables | — | — | — | — | 1.08M |
| Inventory | 113.68M | 39.07M | 37.18M | 22.86M | 63.43M |
| Prepaid assets | 31.49M | 56.38M | 19.95M | 16.93M | 14.56M |
| Restricted cash | 155.40M | 165.40M | 68.56M | 12.81M | 30.97M |
| Assets held for sale | 21.27M | — | — | — | — |
| Hedging assets | — | 104.80M | — | — | — |
| Other current assets | 78.15M | 27.50M | 26.81M | 22.13M | 23.60M |
| Non current assets | |||||
| Properties | 2.29B | 2.73B | 3.18B | 816.35M | 292.25M |
| Land and improvements | — | 53.00M | 55.01M | 16.25M | 15.40M |
| Machinery furniture equipment | — | 1.52B | 1.46B | — | 66.27M |
| Construction in progress | 5.35B | 2.42B | 1.04B | 262.55M | 488.85M |
| Leases | 139.97M | 9.38M | 9.38M | 8.72M | 8.05M |
| Accumulated depreciation | -377.83M | -248.08M | -141.92M | -62.48M | -16.91M |
| Goodwill | 1.61B | 1.64B | 1.66B | 46.10M | 61.30M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 51.82M | 85.90M | 142.94M | 46.10M | 61.30M |
| Investments and advances | 145.47M | 410.11M | 1.20B | 1.26M | 2.54M |
| Other non current assets | 120.28M | 122.79M | 83.76M | 67.25M | 73.24M |
| Total liabilities | 8.72B | 6.26B | 4.88B | 1.53B | 736.49M |
| Current liabilities | |||||
| Accounts payable | 549.49M | 80.39M | 68.09M | 21.33M | 11.59M |
| Accrued expenses | 430.32M | 498.36M | 216.10M | 73.01M | 39.95M |
| Short term debt | 457.17M | 113.56M | 144.37M | 35.48M | — |
| Deferred revenue | 65.29M | 12.75M | 28.66M | — | — |
| Tax payable | 54.04M | 6.26M | 8.88M | — | — |
| Pensions | 41.36M | 37.74M | 27.59M | 17.34M | 14.99M |
| Other current liabilities | 99.05M | 26.37M | 59.41M | 43.99M | 25.48M |
| Non current liabilities | |||||
| Long term debt | 6.92B | 4.78B | 3.99B | 1.32B | 619.06M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 44.44M | 25.99M | 269.51M | 2.33M | 241,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 55.63M | 49.01M | 58.48M | 15.64M | 14.93M |
| Shareholders equity | |||||
| Common stock | 2.05M | 2.09M | 2.07M | 1.75M | 130.66M |
| Retained earnings | 527.99M | 62.08M | -132.40M | -229.50M | -45.82M |
| Other shareholders equity | 71.53M | 55.40M | -2.09M | 182,000 | -30,000 |
| Total shareholders equity | 1.78B | 1.44B | 1.99B | 375.09M | 387.32M |
| Additional paid in capital | 1.04B | 1.17B | 1.92B | 594.53M | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 137.78M | 152.04M | 202.48M | 8.13M | 302.52M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 548.88M | 184.79M | 92.71M | -263.97M | -204.32M | -78.18M | -31.67M | -32.93M |
| Depreciation | 187.32M | 143.59M | 99.54M | 33.30M | 8.64M | 4.03M | 3.21M | 2.39M |
| Deferred Taxes | 14.94M | -279.54M | -8.83M | 2.75M | 392,000 | -345,000 | 521,000 | -361,000 |
| Stock-Based Compensation | 1.57M | 30.38M | 37.04M | 8.74M | 41.21M | — | — | — |
| Other Non-Cash Items | -128.97M | -61.34M | 2.94M | 33.97M | 9.74M | 4.46M | 2.04M | 787,000 |
| Accounts Receivable | -41.02M | -139.94M | -123.58M | -26.80M | -19.75M | -9.52M | -3.11M | -16.15M |
| Accounts Payable | 78.07M | 67.74M | 17.53M | 55.51M | 3.04M | 12.23M | -110,000 | 9.82M |
| Other Assets & Liabilities | 152.33M | -32.61M | -41.79M | -659,000 | -118.32M | -59.83M | -48.40M | -10.01M |
| Operating Cash Flow | 813.12M | -86.92M | 75.56M | -157.13M | -279.38M | -127.14M | -77.52M | -46.45M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | 887,000 | 723,000 | 536,000 | — |
| Net Intangibles | — | — | — | — | — | — | — | — |
| Net Acquisitions | 100.00M | 500.08M | -1.59B | — | — | -4.03M | — | — |
| Purchase of Investments | — | — | — | — | — | — | -1.67M | -2.00M |
| Sale of Investments | — | 593.00M | — | — | — | — | — | — |
| Investing Cash Flow | 125.69M | 1.09B | -1.60B | -636,000 | 1.77M | -2.58M | -23.67M | -7.72M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 3.01B | 2.03B | 2.43B | 2.10B | 347.86M | 280.60M | — | 44.12M |
| Long-Term Debt Payments | -686.51M | -1.52B | -461.02M | -1.49B | -5.00M | -76.52M | -5.95M | -65.85M |
| Other Financing Charges | -65.97M | -90.20M | -67.94M | -44.02M | -15.20M | 56.12M | 19.91M | 299.43M |
| Financing Cash Flow | 1.53B | 321.96M | 1.82B | 819.50M | 602.61M | 260.20M | 13.96M | 277.70M |
| Other Cash Details | ||||||||
| End Cash Position | 310.81M | 855.08M | 264.03M | 629.34M | 93.04M | 100.85M | 118.33M | 180.65M |
| Income Tax Paid | 52.90M | 151.21M | 17.32M | 58,000 | 28,000 | — | 5,000 | — |
| Interest Paid | 100.30M | 160.62M | 154.25M | 27.26M | 6.77M | 7.52M | 5.73M | 4.33M |
| Free Cash Flow | -2.21B | -818.90M | -584.58M | -282.56M | -611.31M | -274.38M | -83.62M | -139.82M |
Error: Invalid format in Holders JSON file.
Article
Bronstein, Gewirtz & Grossman, LLC Is Investigating New Fortress Energy Inc. (NFE) And Encourages Investors to Connect
NEW YORK CITY, NY / ACCESS Newswire / February 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Feb 10, 2025
Article
Bronstein, Gewirtz & Grossman, LLC Encourages New Fortress Energy Inc. (NFE) Stockholders to Inquire about Securities Investigation
NEW YORK CITY, NY / ACCESS Newswire / February 9, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Feb 9, 2025
Article
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against New Fortress Energy Inc. (NFE) and Encourages Investors to Learn More About the Investigation
NEW YORK CITY, NY / ACCESS Newswire / February 7, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of New Fortress Energy Inc. ("New Fortress" or "the Company") (NASDAQ:NFE). Investors who purchased New Fortress securities prior to December 2, 2022, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/NFE.
Feb 7, 2025
