Welcome to our dedicated page for New Fortress Energy news (Ticker: NFE), a resource for investors and traders seeking the latest updates and insights on New Fortress Energy stock.
New Fortress Energy Inc. (NASDAQ: NFE) generates frequent news as a global energy infrastructure company focused on natural gas and liquefied natural gas (LNG). Its disclosures highlight an integrated business that spans LNG production, shipping, terminals and gas-to-power projects, making corporate developments, project milestones and financing decisions important for investors and stakeholders following NFE news.
News about New Fortress Energy often centers on long-term gas supply agreements, LNG and power project milestones, and capital structure actions. For example, the company has reported multi-year gas supply agreements with Puerto Rican authorities to support the island’s energy transition and grid stability. It has also announced progress at its CELBA 2 and PortoCem power plants in Brazil, as well as performance and optimization of its Fast LNG facility offshore Altamira, Mexico.
Another recurring theme in NFE news is financing and restructuring activity. The company has disclosed a forbearance agreement with holders of its 12.000% Senior Secured Notes due 2029 after a missed interest payment, along with multiple amendments to letter of credit facilities to adjust covenants and maturities. NFE has also announced a process to evaluate strategic alternatives, including asset sales, capital raising, debt amendments and refinancing transactions aimed at improving liquidity and its capital structure.
Operational and portfolio updates also feature prominently. New Fortress Energy has reported the sale of its Jamaican LNG and power assets to Excelerate Energy, Inc., long-term FSRU charters with the Egyptian Natural Gas Holding Company (EGAS), and commissioning milestones at its Brazilian power plants. Regulatory and listing updates, such as Nasdaq notices related to delayed Form 10-Q filings, provide additional context for NFE’s reporting and compliance status.
Investors and observers can use the NFE news page on Stock Titan to follow these developments, track project and contract announcements, and monitor disclosures related to the company’s debt, liquidity and strategic initiatives over time.
New Fortress Energy (NFE) has entered into an agreement with Golar LNG Limited (GLNG) to sell its stake in the Hilli floating liquefaction facility, receiving 4.1 million NFE shares and $100 million in cash. This transaction will reduce NFE's outstanding shares to approximately 204.7 million and will also allow NFE to eliminate $323 million in associated debt. The deal aims to enable NFE to concentrate on its fully-owned floating LNG portfolio and repurchase its shares at attractive valuations. The transaction is expected to close in Q1 2023, subject to customary conditions.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its financial results for the fourth quarter and full year 2022 on February 28, 2023, at 8:00 A.M. ET. The announcement will be available on the company’s website, including an earnings supplement. A conference call will be held on the same day at 8:00 A.M. ET, accessible via phone or webcast. New Fortress Energy focuses on addressing energy poverty through its global energy infrastructure, owning and operating natural gas and LNG assets, enhancing energy security, and promoting environmental stewardship.
New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units. This distribution covers the period from November 15, 2022 to February 14, 2023 and will be payable on February 15, 2023 to unitholders on record as of February 7, 2023. New Fortress Energy, a global energy infrastructure company, focuses on enhancing energy security and promoting sustainable energy solutions worldwide.
New Fortress Energy (NFE) has secured a 10-year Operation and Maintenance Agreement with Puerto Rico Electric Power Authority (PREPA) through its subsidiary, Genera. This collaboration aims to operate, maintain, and modernize PREPA's thermal generation system, consisting of 3,600 MW. The agreement, established after a competitive process, will enhance cost-efficiency, reliability, and environmental performance in Puerto Rico's energy sector. Genera is expected to achieve significant cost savings and improve operation through the transition to renewable energy sources. The project aligns with Puerto Rico's Integrated Resource Plan to modernize the electrical system.
New Fortress Energy Inc. (NASDAQ: NFE) announced a secondary public offering of 6,900,000 shares at $46.00 per share, representing approximately 3.3% of its outstanding stock. The shares are being sold by Energy Transition Holdings LLC, which holds 21.3% of the company's shares. The offering is expected to close on December 19, 2022, with J.P. Morgan serving as the sole underwriter. The company will not receive any proceeds from the sale. Investors should review the prospectus supplement filed with the SEC for complete details.
New Fortress Energy Inc. (NASDAQ: NFE) has initiated a secondary public offering of 6,900,000 shares of its common stock, representing about 3.3% of its outstanding shares. The shares are being sold by Energy Transition Holdings LLC, managing approximately 21.3% of its holdings as of December 13, 2022. The company will not receive any proceeds from this offering, which is underwritten by J.P. Morgan. Investors are advised to refer to the filed prospectus for detailed information about the offering.
New Fortress Energy (NASDAQ: NFE) has updated its dividend policy to target an annual cash dividend of around 40% of its Adjusted EBITDA. A dividend of
New Fortress Energy (NASDAQ: NFE) has finalized agreements with Mexico's state-owned Pemex to develop an integrated natural gas project off the coast of Veracruz. This partnership, endorsed by President Andrés Manuel López Obrador, aims to develop the Lakach deepwater natural gas field, with NFE investing in the completion of seven offshore wells over two years. The Lakach field is anticipated to produce natural gas at some of the lowest costs globally, contributing approximately 7.0 MTPA to global LNG capacity additions by 2024.
New Fortress Energy Inc. (NFE) reported third-quarter 2022 financial results, showcasing an Adjusted EBITDA of $291 million and a net income of $56 million. The company projected a notable increase in its 2023 Adjusted EBITDA goal to over $2.5 billion, driven by the upcoming deployment of its Fast LNG units. NFE also announced a dividend of $0.10 per share. Significant agreements were made with CFE in Mexico, including a new FLNG hub and a sale of the La Paz power plant. The company continues to enhance its LNG supply portfolio, aiming for a total capacity of approximately 9.5 mtpa by 2024.
New Fortress Energy (NASDAQ: NFE) announced an increase in its full-year 2022 Adjusted EBITDA goal to
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