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 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.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its financial results for Q4 and full-year 2021 before 8:00 A.M. ET on March 1, 2022. An earnings supplement will be available on the company's website. Management will host a conference call on the same day at 8:00 A.M. ET, accessible via phone or webcast. A replay will be available starting at 11:00 A.M. ET on March 1 through March 8, 2022. New Fortress Energy is dedicated to accelerating the transition to clean energy by developing natural gas infrastructure and solutions.
New Fortress Energy (NASDAQ: NFE) announces a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 13, 2021 to February 14, 2022. This distribution will be paid on February 15, 2022 to unitholders on record as of February 8, 2022. New Fortress Energy is focused on accelerating the transition to clean energy by funding, building, and operating natural gas infrastructure.
New Fortress Energy (NASDAQ: NFE) has signed a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania to develop an Energy Hub focused on natural gas, liquefied natural gas (LNG), and blue ammonia. NFE plans to utilize its 'Fast LNG' technology to produce LNG for local and international markets, supplying existing and new power plants in Mauritania. This initiative aims to foster sustainable economic growth and position Mauritania as a significant exporter of LNG. However, the MOU is non-binding, and terms may change in future agreements.
New Fortress Energy (NFE) has signed a 15-year gas supply agreement with Norsk Hydro for the Alunorte Alumina Refinery in Pará, Brazil. The agreement will provide 29.5 TBtu of natural gas annually, aiding Hydro’s shift to cleaner fuels and reducing CO2 emissions by approximately 700,000 tonnes per year. NFE's Barcarena LNG terminal will support this transition and is expected to be the sole LNG import point in the region, enhancing local development and environmental sustainability.
New Fortress Energy Inc. (NASDAQ: NFE) announced that S&P Global Ratings has upgraded its issuer credit rating to ‘BB-’ with a Stable Outlook from ‘B+’. This upgrade reflects NFE's increasing cash flow due to its expansion from 3 terminals serving 37 customers to 11 terminals serving over 100 customers across various markets, including Brazil, Mexico, and Nicaragua. The company aims for significant organic growth through new terminal developments and long-term gas contracts to enhance its operational performance and customer support in transitioning to cleaner energy.
New Fortress Energy reported strong financial results for Q3 2021, achieving a record Total Segment Operating Margin of approximately $210 million, surpassing its goal of $208 million. The company anticipates a 50% increase to $585 million in the second half of 2021, with $1.1 billion projected for FY 2022 as new energy sources come online. A dividend of $0.10 per share was declared, payable on December 17, 2021. The company is advancing in multiple projects including a 15-year LNG agreement with Norsk Hydro and expects significant revenue from its terminals and infrastructure segments.
New Fortress Energy Inc. (NASDAQ: NFE) 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 August 14, 2021 to November 12, 2021 and will be payable on November 15, 2021. Record holders as of November 8, 2021 will receive this payment. The company continues to focus on enhancing the transition to clean energy through its natural gas infrastructure and logistics.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its Q3 2021 financial results on November 3, 2021, before 8:00 A.M. Eastern Time. The press release, along with an earnings supplement, will be available on the company's website. A conference call will follow at 8:00 A.M. ET, accessible by phone and via a webcast. A replay of the call will be available until November 10, 2021. New Fortress Energy focuses on clean energy transition through natural gas infrastructure and logistics.
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