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 (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.
New Fortress Energy Inc. (NASDAQ: NFE) will host an investor update conference call on October 7, 2021, at 9:00am Eastern Time. Interested parties can participate by dialing (866) 953-0778 for U.S. callers or (630) 652-5853 for international callers.
A Form 8-K will be filed, and a live webcast will be available on the company’s website. A replay of the call will be accessible from 12:00pm on October 7, 2021, through 12:00pm on October 14, 2021.
New Fortress Energy (NASDAQ: NFE) announced a secured term loan facility backed by eight vessels, allowing an initial borrowing of
New Fortress Energy (NASDAQ: NFE) and the Government of Sri Lanka have signed a definitive agreement for NFE's investment in West Coast Power Limited, which owns the 310 MW Yugadanavi Power Plant in Colombo. NFE will acquire a 40% stake in WCP and develop an offshore LNG terminal. The company plans to supply an estimated 1.2 million gallons of LNG per day. The power plant has a long-term agreement to supply electricity to the national grid until 2035, supporting Sri Lanka's transition to cleaner energy and enhancing economic growth.
New Fortress Energy (NFE) has signed a 15-year agreement to supply natural gas to Norsk Hydro ASA's Alunorte Alumina Refinery in Pará, Brazil. This partnership will transition the refinery's fuel source from oil to natural gas, aligning with Hydro's goal to reduce greenhouse gas emissions by 30% by 2030, cutting annual CO2 emissions by 600,000 tonnes. NFE plans to provide 29.5 TBtu of natural gas annually, starting from its Barcarena terminal, expected to be operational in early Q1 2022. The refinery's conversion is targeted for Q1 2023.
New Fortress Energy (NASDAQ: NFE) has signed two Gas Supply Agreements with Unigel Participações, aimed at supplying up to 41 Tbtu of natural gas annually to their fertilizer plants in Brazil for a five-year term starting Q1 2022. This partnership is designed to enhance Unigel’s competitiveness by providing a reliable energy source, while also leveraging NFE’s LNG import terminals. The deal is contingent upon regulatory approvals. Unigel's plants can produce over 3,000 tons of urea daily, reflecting a significant industrial capacity in Brazil.
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