New Fortress Energy Stock Price, News & Analysis

New Fortress Energy (NASDAQ: NFE) will host an FLNG Investor Day at Kiewit Offshore Services shipyard in Corpus Christi, Texas, on November 2, 2022, at 10:00 A.M. Central Time. The event aims to showcase NFE's Fast LNG program and ongoing marine infrastructure conversions. NFE anticipates mechanical completion of its first FLNG unit by March 2023, with operations expected by mid-year. Space is limited, requiring interested parties to register by September 30, 2022. NFE focuses on global energy infrastructure to support energy security and economic growth.

New Fortress Energy (NASDAQ: NFE) and Apollo (NYSE: APO) have finalized a Joint Venture named Energos Infrastructure, which operates 11 liquefied natural gas (LNG) vessels, including Floating Storage and Regasification Units. The partnership aims to enhance energy security while facilitating a transition towards cleaner energy. Energos is primarily owned by Apollo-managed funds (80%) and NFE (20%). The total implied enterprise value of Energos is around $2 billion. NFE is set to charter ten vessels for up to 20 years to support its global projects.

New Fortress Energy (NFE) has partnered with Plug Power (PLUG) to establish a 120 MW green hydrogen plant in Beaumont, Texas. This facility, expected to be among the largest in North America, aims to produce over 50 tons of green hydrogen daily, with scalability up to 500 MW. The project aligns with favorable U.S. policies for hydrogen and is strategically located near industrial users, enhancing logistics and infrastructure. Executives from both companies emphasize the project's vital role in decarbonization and the growing green hydrogen market.

New Fortress Energy reported Q2 2022 Adjusted EBITDA of $283 million, with a trailing twelve months total of $1.05 billion. Net loss for Q2 2022 was $(178) million, while trailing twelve months net income stood at $197 million. Adjusted EPS was $0.69 per share, offset by a $315 million non-cash impairment charge. The company is on track for an illustrative Adjusted EBITDA goal of $1 billion for 2022 and $1.5 billion for 2023. NFE's FLNG deployment expanded from one to three Gulf of Mexico locations, contributing approximately 8 MTPA capacity.

New Fortress Energy (NASDAQ: NFE) has declared a cash distribution of $0.546875 per unit of its 8.75% Series A Cumulative Redeemable Preferred Units for the period from May 16, 2022 to August 14, 2022. The payment will be made on August 15, 2022 to unitholders of record as of August 8, 2022. This distribution reflects the company's commitment to providing returns to its preferred unitholders while it continues to address energy needs globally.

New Fortress Energy Inc. (NASDAQ: NFE) will release its financial results for Q2 2022 on August 4, 2022, at 8:00 A.M. Eastern Time. Interested parties can access the earnings release on the company's website. A conference call will follow the announcement, providing insights into the results. Investors can dial in using specific numbers depending on their location, and a webcast will also be available for public listening. New Fortress Energy focuses on addressing energy poverty by providing reliable and clean energy solutions globally.

New Fortress Energy (NFE) has announced a strategic agreement with Comisión Federal de Electricidad (CFE) aimed at enhancing energy security in Mexico. Key components include expanding natural gas supply to CFE plants, selling NFE's 135 MW La Paz power plant to CFE, and establishing a new LNG hub off Altamira's coast. These developments are expected to improve system reliability and lower energy costs. The partnership is supported by Mexican President Andrés Manuel López Obrador and aims to promote cleaner energy solutions.

New Fortress Energy (NASDAQ: NFE) has entered a strategic partnership with Pemex to jointly develop the Lakach deepwater natural gas field. This partnership, supported by Mexican President López Obrador, aims to supply natural gas to Mexico's onshore market while NFE will liquefy gas for global export. Over two years, NFE plans to invest in developing seven offshore wells and deploying a 1.4 MTPA FLNG unit. The Lakach field holds 1.1 Tcf of gas and, along with nearby fields, has a total resource potential of 3.3 Tcf, guaranteeing about ten years of production.

New Fortress Energy (NASDAQ: NFE) and Apollo (NYSE: APO) announced a definitive agreement to sell 11 LNG infrastructure vessels for approximately $2 billion, with the joint venture owning 80% by Apollo and 20% by NFE. This deal aims to establish a global marine infrastructure platform supporting LNG delivery, enhancing energy security, and reducing carbon emissions. NFE expects to receive around $1.1 billion after the transaction. The deal is projected to close in Q3 2022, subject to regulatory approvals.