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. (NFE) provides integrated gas-to-power solutions through its natural gas infrastructure and logistics network. This dedicated news hub offers investors and industry professionals direct access to official company announcements, financial disclosures, and strategic developments.
Track NFE's operational milestones including LNG terminal expansions, shipping fleet updates, and partnership agreements. Our curated collection features earnings reports, regulatory filings, and project announcements that shape the company's position in global energy markets.
Discover updates across key operational areas: liquefaction facility developments, infrastructure investments, and long-term supply contracts. Stay informed about NFE's progress in converting power generation systems to cleaner natural gas alternatives worldwide.
Bookmark this page for real-time access to verified NFE communications. Monitor the company's execution of its vertically integrated strategy across the complete LNG value chain - from gas procurement through end-user delivery.
New Fortress Energy reported Q1 2022 results with a net cash flow from operations of $114 million and a net income of $241 million, resulting in $1.13 EPS on a fully diluted basis. Adjusted EBITDA was approximately $258 million, maintaining a target of over $1 billion for full-year 2022. The company announced a $0.10 per share dividend, effective June 28, 2022. It has executed long-term LNG agreements and is advancing multiple strategic initiatives, including projects for Fast LNG and green hydrogen.
New Fortress Energy Inc. (NASDAQ: NFE) announced that the U.S. Coast Guard has confirmed the completeness of its deepwater port license application. This project, known as New Fortress Energy Louisiana FLNG, aims to construct an offshore natural gas export facility off Grand Isle, Louisiana, allowing for the export of approximately 145 billion cubic feet of natural gas annually. NFE plans to operate this facility by Q1 2023, supporting energy supply to Europe and addressing energy poverty.
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 February 15, 2022 to May 15, 2022 and will be paid on May 16, 2022. The record date for unitholders is May 9, 2022. New Fortress Energy focuses on addressing energy poverty and enhancing global energy security through its natural gas infrastructure and logistics assets.
New Fortress Energy Inc. (NASDAQ: NFE) will release its first quarter 2022 financial results on May 5, 2022, before 8:00 A.M. Eastern Time. Following the announcement, a conference call will be held at the same time, accessible via phone or a public webcast. A replay of the call will be available until May 12, 2022. New Fortress Energy is focused on addressing energy poverty and facilitating the shift to clean energy through its global natural gas and LNG infrastructure.
New Fortress Energy (NASDAQ: NFE) announced plans for a new offshore LNG liquefaction terminal off the Louisiana coast, capable of exporting around 145 billion cubic feet of natural gas annually, equating to approximately 2.8 MTPA of LNG. The project aims to support U.S. commitments to increase LNG exports to the EU and enhance energy security. NFE targets operations by Q1 2023, pending regulatory approvals, and emphasizes its innovative Fast LNG technology for cost-effective deployment.
On March 16, 2022, Venture Global LNG announced two long-term Sales and Purchase Agreements (SPAs) with New Fortress Energy (NFE), each for 1 million tonnes per annum (MTPA). This marks the first SPA for the CP2 LNG facility, set to begin construction in 2023. Venture Global now has over 80% of long-term contracts signed by US LNG companies since 2017. The company is moving towards a formal Final Investment Decision (FID) for Plaquemines LNG, having already sold 14 million tonnes of its 20 MTPA capacity.
New Fortress Energy (NASDAQ: NFE) has entered into two 20-year Sale and Purchase Agreements with Venture Global LNG to supply 2 million tonnes per annum (MTPA) of LNG. The first agreement covers 1 MTPA from the Plaquemines LNG facility in Louisiana, while the second involves another 1 MTPA from the CP2 LNG facility. These agreements aim to enhance NFE's natural gas supply portfolio to meet increasing global demand. The partnerships align with both companies' goals of advancing clean energy and ensuring energy market stability.
New Fortress Energy Inc. (NASDAQ: NFE) announced a favorable ruling on March 4, 2023, from the Supreme Court of Sri Lanka, dismissing petitions against its natural gas power development in the country. Following a definitive agreement with the Sri Lankan government in September 2021, NFE plans to invest in energy infrastructure, including a new LNG terminal off Colombo's coast. The agreement allows NFE to supply approximately 1.2 million gallons per day of LNG to support existing and upcoming power plants, including the Sobadanavi Power Plant, expected to begin operations in 2023.
New Fortress Energy reported record financial results for Q4 and FY 2021, achieving net income of $151 million ($0.72 EPS) for Q4 and $92 million ($0.47 EPS) for the full year. Adjusted EBITDA surged nearly 100% to $334 million in Q4, contributing to an annual total of over $604 million. The company signed significant LNG contracts, advanced key projects in Nicaragua and Brazil, and made strides in clean hydrogen initiatives. A dividend of $0.10 per share has been declared, with a record date of March 18, 2022, and payment on March 29, 2022.
New Fortress Energy (NASDAQ: NFE) has signed a Heads of Agreement (HoA) with Eni S.p.A.'s subsidiary for deploying its Fast LNG liquefaction technology off the coast of the Republic of the Congo for 20 years. This facility aims to produce up to 1.4 million metric tons of LNG annually, with production expected to begin in Q2 2023. The agreement sets the groundwork for a long-term tolling agreement and a purchase agreement for approximately 1.2 million gallons of LNG per day. NFE's Fast LNG technology promises cost-effective and rapid deployment of offshore infrastructure.
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