New Fortress Energy Stock Price, News & Analysis

New Fortress Energy (NASDAQ: NFE) has commenced commercial operations at its new LNG terminal in Pichilingue, Baja California Sur, Mexico. This facility aims to deliver affordable, cleaner natural gas, enhancing energy efficiency and reducing costs for customers. NFE has also nearly completed a 135 MW gas-fired power plant scheduled to supply power to the local grid soon. With the innovative ISOFlex system, the terminal can expedite LNG transloading and logistics, facilitating significant emission reductions and job opportunities in the region.

New Fortress Energy Inc. (NASDAQ:NFE) will host an investor update conference call on July 21, 2021, at 11:00 A.M. Eastern Time. Investors can access the call by dialing (866) 953-0778 (U.S.) or (630) 652-5853 (international), referencing 'NFE Investor Update Call.' A live webcast will be available on the company's website. Additionally, a replay of the call will be accessible from 2:00 P.M. on July 21 until 11:00 P.M. on July 28, 2021. New Fortress Energy focuses on accelerating the transition to clean energy through natural gas infrastructure and logistics.

New Fortress Energy (NASDAQ: NFE) has signed a Memorandum of Understanding (MOU) with Lakdhanavi Limited to develop a 350 MW gas-fired power plant in the Kerawalapitiya Power Complex, Colombo, Sri Lanka. This initiative aims to support Sri Lanka’s transition to cleaner energy. LTL holds a 20-year power purchase agreement with the Sri Lankan government to supply electricity. Additionally, New Fortress is proceeding with an offshore LNG terminal to support both this and an existing 300 MW power plant, totaling 650 MW capacity. The MOU is non-binding, subject to further negotiations.

New Fortress Energy (NASDAQ: NFE) has signed a Framework Agreement with the Government of Sri Lanka to construct an offshore LNG terminal off the coast of Colombo. The terminal aims to supply natural gas to Sri Lanka's power sector, starting with the existing 300 MW Yugadanavi Power Plant, which may grow to over 1,000 MW by 2025. New Fortress is negotiating to acquire a 40% stake in the plant, which is under a PPA through 2035. The terminal will support Sri Lanka's transition to cleaner energy sources and is expected to begin operations by late 2022.

New Fortress Energy (NASDAQ: NFE) has secured an LNG supply agreement covering its needs through 2027. This agreement will support its existing natural gas and electricity businesses while enhancing reliability and affordability for its customers. With commercial operations starting shortly in Mexico and Nicaragua, NFE expects to fulfill its anticipated gas needs across five terminals in the Caribbean and Central America. Additionally, it plans to secure further LNG volumes for its upcoming operations in Brazil, with all four terminals expected to be operational in 2022.

New Fortress Energy (NASDAQ: NFE) will announce its Q2 2021 financial results on August 5, 2021, before 8:00 A.M. ET. The results will be accessible on the company's website. Management will host a conference call at 8:00 A.M. ET on the same day, available via phone and a public webcast. A replay of the conference call will be available post-event until August 12, 2021. New Fortress Energy focuses on natural gas infrastructure and aims to expedite the transition to clean energy, contributing to economic growth and environmental sustainability.

Sagicor Group Jamaica has announced a US$285 million sale and leaseback of a combined heat and power plant in Clarendon owned by New Fortress Energy (NFE). This marks the largest corporate financing in Jamaica's history. Sagicor will invest US$100 million as anchor investors, with US$185 million raised from other investors. Both companies emphasize the partnership's significance for Jamaica's energy transition and economic growth. The transaction awaits regulatory approval and customary closing conditions.

New Fortress Energy reported its Q1 2021 financial results, showing stable revenues of $145.7 million but a net loss of $39.5 million, attributed to higher LNG costs and acquisition expenses. The company successfully acquired Hygo Energy and Golar LNG Partners for a total of $5.1 billion. NFE announced a $0.10 dividend per share, record date June 1, 2021, payment date June 11, 2021. Future projects are progressing on schedule, including terminals in Mexico and Nicaragua, and a joint venture in renewable fuels called Zero Parks to commercialize low-carbon solutions.

New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per Series A preferred unit (NASDAQ: GMLPP) for the period from February 15, 2021 to May 14, 2021. This distribution will be payable on May 17, 2021 to all unitholders of record as of May 10, 2021. New Fortress Energy is focused on accelerating the transition to clean energy by funding, building, and operating natural gas infrastructure.