New Fortress Energy Stock Price, News & Analysis

New Fortress Energy (NASDAQ: NFE) has signed a Gas Supply Agreement with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission. This agreement will see NFE supply 250,000-500,000 gallons of LNG daily to CFE’s power plants in Baja California Sur, Mexico, starting in May through its terminal in Pichilingue. CEO Wes Edens highlighted that this contract is aimed at supporting CFE’s shift to cleaner energy, generating significant fuel savings and reducing emissions for local residents.

New Fortress Energy announced the pricing of a private offering of $1.5 billion senior secured notes due 2026, bearing an interest of 6.500% per annum. The notes will be secured by collateral similar to existing senior secured notes and guaranteed by wholly-owned subsidiaries. Proceeds will finance the acquisition of Golar LNG Partners and cover corporate expenses. A special mandatory redemption clause requires redemption if the acquisition isn't completed by October 13, 2021. The offering is for qualified institutional buyers and is not registered under the Securities Act.

New Fortress Energy (NASDAQ: NFE) announced a private offering of $1.5 billion senior secured notes due September 2026. These notes will be guaranteed by its domestic and foreign subsidiaries and secured by collateral similar to its existing obligations. The proceeds will fund the acquisition of Golar LNG Partners L.P. and cover related expenses, with any remaining funds allocated for general corporate purposes. The offering is intended for qualified institutional buyers under Rule 144A and Regulation S of the Securities Act.

New Fortress Energy (NFE) reported Q4 2020 revenues of $145.7M, an $8.8M increase from Q3 2020, with a net loss of $0.5M. The Board declared a Q1 2021 dividend of $0.10 per share, payable March 31, 2021. Key business highlights include acquiring Hygo Energy for $5.1B, which adds Brazil's largest thermal power plant and multiple terminals. NFE is developing the Suape Terminal and has secured a supply contract with CFE for LNG. Innovative 'Fast LNG' modular liquefaction technology aims for operational status by late 2022, promising low-cost LNG production.

New Fortress Energy (NASDAQ:NFE) will announce its financial results for Q4 and full year 2020 on March 16, 2021, before 8:00 AM ET. The press release and earnings supplement will be available on the company's website. Management will host a conference call on the same day at 8:00 AM ET, accessible via U.S. and international phone lines. A public webcast will also be available. A replay will be accessible from March 16, 2021, after 11:00 AM until March 23, 2021. New Fortress Energy focuses on clean energy solutions and infrastructure development.

New Fortress Energy (NASDAQ:NFE) will host an investor update conference call on January 21, 2021, at 10:00 A.M. ET. Interested participants can join by dialing (866) 953-0778 for U.S. callers or (630) 652-5853 for international callers, starting 15 minutes before the call. A simultaneous webcast will be available on the company's website, and a replay can be accessed from January 21 at 11:00 A.M. through January 28 at 11:00 P.M. 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 with Petrobras Distribuidora S.A. and CCETC Brasil Holding Ltda. to acquire 288MW of power purchase agreements and develop an LNG terminal and gas-fired power plant at Suape Port, Brazil. The acquisition aims to enhance energy delivery in northeast Brazil and is expected to begin operations by the end of 2022. NFE also plans to acquire CH4 Energia Ltda., which holds key development permits for additional power capacity.

New Fortress Energy has announced its definitive agreements to acquire Hygo Energy Transition Ltd., a joint venture between Golar LNG and Stonepeak Infrastructure Fund, along with Golar LNG Partners. This strategic acquisition, valued at $3.1 billion, aims to enhance NFE's presence in Brazil's energy market, adding several gas-to-power projects and a fleet of LNG vessels. The deal includes the issuance of 31.4 million shares and $580 million in cash for Hygo and $3.55 per common unit in cash for GMLP, with expected closure in the first half of 2021.

New Fortress Energy (NASDAQ: NFE) has signed two long-term liquefied natural gas (LNG) supply agreements aimed at bolstering its energy businesses in Puerto Rico, Mexico, and Nicaragua. This follows previous LNG purchases for its Jamaican operations, covering approximately 80% of its expected needs across its terminal portfolio. Chairman Wes Edens noted that around 70% of their gas contracts are linked to Henry Hub prices, aligning these new LNG commitments with their customer volumes to minimize market price exposure.