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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Fortress Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
New Fortress Energy Inc. (NFE) plans to offer $500 million in senior secured notes due 2029 to repay debt and for general corporate purposes. The Notes will be guaranteed by subsidiaries and secured by collateral. The offering targets institutional buyers in the US and international investors.
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End-of-Day
-7%
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Rhea-AI Summary
New Fortress Energy, Inc. (NFE) announces the operational status of its TGS LNG terminal in Brazil, offering high-growth opportunities in the power and gas markets. The terminal connects to over 3.5 GW of power infrastructure and 300 TBtu of gas consumers, addressing the declining gas supply from Bolivia.
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End-of-Day
-2.05%
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Rhea-AI Summary
New Fortress Energy Inc. (NFE) reports strong financial results for Q4 2023 and full year 2023. Adjusted EBITDA of $388 million in Q4 and $1.3 billion for the year. Net income of $215 million in Q4 and $549 million for the year. Operational highlights include new terminals in Brazil and Puerto Rico, with significant growth opportunities. Financially, the company aims to double metrics in 2024, with decreasing Capex. A dividend of $0.10 per share was approved by the Board of Directors.
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End-of-Day
11.02%
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New Fortress Energy Inc. (Nasdaq: NFE) announces the operational status of its Barcarena LNG terminal in Brazil, catering to industrial customers and reducing emissions. The terminal will supply natural gas to Norsk Hydro's Alunorte refinery, supporting decarbonization efforts and reducing CO2 emissions.
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Rhea-AI Sentiment
End-of-Day
11.02%
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New Fortress Energy Inc. (NFE) sells a 20% stake in Energos Infrastructure to Apollo Funds, using the net proceeds to repay debt and invest in downstream projects. NFE continues to partner with Energos for LNG vessel charters, supporting growth at downstream terminals.
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Rhea-AI Sentiment
End-of-Day
1.31%
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Rhea-AI Summary
New Fortress Energy Inc. (NFE) is set to announce its financial results for the fourth quarter of 2023 on Thursday, February 29th, 2024. The press release and earnings supplement will be available on the company's website. A conference call will also be held on the same day, accessible via phone or webcast.
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End-of-Day
-2.34%
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New Fortress Energy Inc. (NFE) has received a ruling from U.S. Customs and Border Protection confirming that the transportation of LNG produced at its FLNG facility in Mexico by non-U.S. qualified vessels would not violate the Jones Act. This allows NFE to sell and deliver LNG to U.S. locations, including Puerto Rico, a key downstream market for the company. Chairman and CEO, Wes Edens, expressed extreme pleasure in receiving this ruling, emphasizing its support for the company's largest projects and the people of Puerto Rico.
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Rhea-AI Sentiment
End-of-Day
2.44%
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Golar LNG Partners LP, a subsidiary of New Fortress Energy Inc. (NFE), has announced a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2023, through February 14, 2024. The distribution will be payable on February 15, 2024, to all Series A preferred unitholders of record as of February 8, 2024.
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-0.75%
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Energos Infrastructure (APO) completes acquisition of two state-of-the-art FSRUs from Dynagas, becoming the largest owner and operator of LNG marine infrastructure vessels in Europe.
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1.43%
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New Fortress Energy Inc. (NASDAQ: NFE) is acquiring a 1.6 GW Capacity Reserve Contract in Brazil from CEIBA Energy, adding over $280 million of annual fixed capacity payments under a 15-year contract. The acquisition positions NFE as a leading LNG-to-power company in Brazil, aligning with its strategy of organic growth through existing LNG terminals and accretive infrastructure projects. The transfer of the PPA to NFE's existing LNG terminals is expected to reduce costs and generate incremental earnings. NFE expects the transaction to close in March 2024, with project cash flows beginning no later than July 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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New Fortress Energy Inc.
Nasdaq:NFE
NFE Rankings
NFE Stock Data
5.47B
54.68M
54.32%
58.92%
6.56%
Natural Gas Distribution
Utilities
United States of America
NEW YORK
About NFE
at new fortress energy (nfe), we believe that clean, reliable, affordable energy shouldn't be a luxury. that’s why we supply natural gas, provide end-to-end logistics & infrastructure solutions to power producers, transportation companies & industrial users worldwide. natural gas is a cleaner, more environmentally friendly fuel, & thanks to continued innovations in exploration & production it has become a more affordable & reliable energy source. in 2015, we built the first lng liquefaction plant in florida. located in miami, the plant boasts rail & truck operations, along with on-dock rail access at port of miami & port everglades. serving the aerospace, marine, transportation & power industries, the plant will be a leader in conversion from oil to natural gas over the next decade. after receiving approval to export natural gas to non-fta countries, we successfully exported the first lng shipment ever from the u.s. lower-48 states. we’ve also entered a long-term partnership with jamai