New Fortress Energy Inc. reports developments across an integrated natural gas and LNG infrastructure business that owns and operates terminals, liquefaction and delivery assets, ships, and logistics capabilities. Recurring company news covers terminal commercialization and capacity arrangements, gas-supply contracts, LNG-to-power infrastructure, and power-generation support in markets such as Brazil and Puerto Rico.
Updates also address material agreements, capital-structure actions, debt and forbearance matters, shareholder voting items, governance disclosures, and operating and financial results. The company’s business is organized around Terminals and Infrastructure and Ships, with the infrastructure segment spanning natural gas procurement, liquefaction, logistics, shipping, facilities, and natural gas-fired power generation development.
New Fortress Energy (NFE) has completed its restructuring and recapitalization tied to a consensual UK Restructuring Plan between certain subsidiaries and creditors, with the Restructuring Effective Date occurring on September 11, 2026.
The transaction separates the Brazilian business into two standalone enterprises, BrazilCo and “New NFE”. Approximately $5.7 billion of third-party debt has been extinguished, with Plan Creditors receiving all equity of BrazilCo, preferred equity of “New NFE” with $2.45 billion liquidation preference, 65% of “New NFE” common equity, and about $571.3 million of “New NFE” Term Loans. Creditors with claims against FLNG 2 receive preferred equity and limited-recourse Term Loans linked to FLNG 2 assets.
“New NFE” also raised $136.5 million of new financing funded on the effective date. The company states its overall corporate debt has been reduced from roughly $5.7 billion to about $700 million, leaving a simplified, deleveraged LNG and power platform focused on assets in Mexico, Puerto Rico and a 735 MW power and turbine portfolio.
New Fortress Energy (NFE) announced updated timing for its previously approved 1-for-50 reverse stock split of its Class A common stock, par value $0.01 per share. The company expects trading in its Class A common stock to be halted prior to 8:00 p.m. Eastern Time on September 10, 2026.
The shares are expected to begin trading on a split-adjusted basis on the Nasdaq Global Select Market on September 14, 2026, continuing under the ticker symbol NFE and using a new CUSIP number, 644393308. The effectiveness of the reverse stock split and these trading changes remains subject to completion of the company’s ongoing restructuring transaction.
New Fortress Energy (NFE) will execute a 1-for-50 reverse stock split of its Class A common stock, effective 8:30 a.m. Eastern Time on September 11, 2026.
The split is intended to help regain compliance with Nasdaq Global Select Market minimum bid price requirements. On a split-adjusted basis, the stock is expected to begin trading on Nasdaq on September 11, 2026 under ticker NFE with new CUSIP 644393308, contingent on completion of the ongoing restructuring transaction. Each 50 issued and outstanding shares will be automatically combined into one share. If implemented as of July 31, 2026, outstanding shares would have declined from approximately 285,634,650 to approximately 5,712,693.
Authorized share count and par value will remain unchanged, no fractional shares will be issued, and cash will be paid in lieu of fractions.
New Fortress Energy (NASDAQ:NFE) announced High Court approval of a consensual UK Restructuring Plan for subsidiaries NFE Global Holdings and NFE Brazil Newco.
99% of Plan Creditors voted in favor. A US Bankruptcy Court recognition hearing is set for June 26, 2026, with transactions expected by Q3 2026, subject to conditions and regulatory approvals.
New Fortress Energy (NASDAQ:NFE) received High Court permission on May 14, 2026 to convene creditor meetings for its consensual UK Restructuring Plan. Plan creditors can access the Explanatory Statement via Kroll’s website and must submit voting instructions by June 9, 2026.
Plan Meetings will be held in hybrid format on June 15, 2026 in London. The court Sanction Hearing is set for June 18, 2026. If sanctioned and all conditions and regulatory approvals are met, the UK plan is expected to be implemented by Q3 2026.
New Fortress Energy (NASDAQ:NFE) announced that subsidiary NFE Brazil Financing Limited has received commitments for a proposed $885 million senior secured notes offering due 2029. The notes bear 12% PIK interest, pay interest semi-annually, and mature three years from issuance.
According to New Fortress Energy, proceeds will fund Brazil operations, refinance the Brazil Bridge Term Loan and existing Brazil Financing Notes, and establish cash reserves tied to a UK restructuring plan under which Brazil operations are expected to transfer to an investor consortium by Q3 2026.
New Fortress Energy (NASDAQ: NFE) announced that approximately 97% in value of its holders and lenders have committed support for a transaction to be implemented via a UK Restructuring Plan (UK RP).
The company’s subsidiaries executed a Practice Statement Letter dated April 20, 2026, and the Plan Companies expect a Convening Hearing on May 14, 2026, with completion targeted by Q3 2026, subject to court and regulatory approvals.
New Fortress Energy (NASDAQ: NFE) reported creditor support exceeding 95% of approximately $5.8 billion aggregate indebtedness for a consensual UK Restructuring Plan.
Support breakdown includes 93% of 2026 Legacy Notes, 87% of 2029 Legacy Notes, 98% of 2029 New Notes, 100% of Term Loan A and Revolving lenders, and 88% of Term Loan B lenders. The early consent deadline is extended to 5:00pm ET on April 8, 2026. The company expects the UK RP launch in April and completion by Q3 2026, subject to court availability, conditions and regulatory approvals.
New Fortress Energy (NASDAQ: NFE) announced a long-term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import terminal in Santa Catarina, Brazil, expected to commence August 2026.
The agreement is projected to generate $50 million of annual EBITDA by 2027 and will supply the UTE Lins 2 power project expected to commence operations in 2031.
New Fortress Energy (NASDAQ: NFE) will hold an informational conference call on Wednesday, March 18, 2026 at 8:30 AM ET. Participants may dial toll-free 800-330-6710 or +1 646-769-9200 and should reference "NFE Informational Call" or conference code 3978309.
Access begins fifteen minutes before the scheduled start.