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.
Excelerate Energy (NYSE: EE) has launched an underwritten public offering of $150 million of Class A common stock shares. The company will grant underwriters a 30-day option to purchase up to an additional $22.5 million of shares.
The proceeds, combined with approximately $650 million in planned senior indebtedness and cash on hand, will fund the $1.055 billion acquisition of New Fortress Energy's Jamaica business. The offering's completion is subject to market conditions and is not contingent on the acquisition closing.
Barclays and Morgan Stanley are serving as lead book-running managers for the offering, which will be conducted under Excelerate's previously filed S-3 shelf registration statement.
Excelerate Energy (NYSE: EE) has announced a definitive agreement to acquire New Fortress Energy's Jamaica business for $1.055 billion in cash. The acquisition includes the Montego Bay LNG Terminal, Old Harbour LNG Terminal, and Clarendon combined heat and power plant.
The transaction features long-term contracted assets with 86% Take-or-Pay revenue and approximately 21 years weighted average remaining contract duration including extensions. The assets represent $2.9 billion in cumulative Take-or-Pay direct margin from 2025 through 2039.
The deal positions Excelerate as Jamaica's sole LNG platform and includes growth opportunities in LNG bunkering, potential doubling of the Clarendon CHP plant capacity, and expansion of industrial gas supply. The transaction, expected to close in Q2 2025, represents approximately 9x the Jamaica business' 2025E adjusted EBITDA and will be immediately accretive to earnings per share.
New Fortress Energy (NFE) has announced the sale of its Jamaican assets and operations to Excelerate Energy for $1.055 billion. The transaction, expected to close in Q2 2025, includes NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon.
The proceeds will be used to reduce NFE's corporate debt and for general corporate purposes. Since entering Jamaica in 2016, NFE has contributed to the country's energy transition, generating significant fuel savings and reducing dependence on oil-based fuels. The deal represents a strategic move to optimize NFE's asset portfolio and enhance financial flexibility.
New Fortress Energy (NASDAQ: NFE) has modified its islandwide gas supply contract extension with the Puerto Rico Electric Power Authority (PREPA). Instead of the previously announced one-year extension, the contract will now extend for 100 days. This shorter bridge period is designed to facilitate an open Request for Proposals (RFP) process that will determine updated terms and duration for the gas supply contract.
The amendment affects the existing 80 TBtu islandwide gas supply agreement. According to NFE's Chairman and CEO Wes Edens, this temporary extension will provide sufficient time to conduct an RFP process aimed at securing new contract terms that optimize Puerto Rico's energy security while minimizing costs.
New Fortress Energy (NFE) reported its Q4 and full-year 2024 financial results, achieving Adjusted EBITDA of $313 million in Q4 (exceeding guidance of $200-220M) and $950 million for full-year 2024 (surpassing guidance of $835-855M). The company posted a net loss of $224 million in Q4 and $242 million for the full year, primarily due to debt refinancing costs including a Q4 loss on debt extinguishment of $260 million.
Key operational highlights include the completion of Fast LNG asset, operating above nameplate capacity since early 2024, and extension of an 80 TBtu gas supply contract in Puerto Rico. The company's CELBA plant in Brazil is 88% complete. NFE strengthened its financial position through a $2.7 billion senior secured notes issuance, $400 million common equity offering, and subsequent debt refinancing activities in early 2025.
New Fortress Energy (NFE) has announced a one-year extension of its 80 TBtu islandwide gas supply contract with the Puerto Rico Electric Power Authority (PREPA). The company's subsidiary, Genera, will modify its 10-year Operation and Maintenance Agreement with PREPA, eliminating future incentive payments in exchange for a $110 million payment.
The agreement aims to deliver reliable, clean power to Puerto Ricans at the lowest cost possible. The contract provides capacity to supply NFE's current downstream gas demand and convert legacy diesel-powered plants to natural gas, potentially generating substantial cost savings and reducing emissions.
Since 2017, NFE has invested hundreds of millions in Puerto Rico's energy infrastructure, resulting in over $500 million in fuel savings for the island, with the extended contract promising potential billions in future savings.
New Fortress Energy (NASDAQ: NFE) has scheduled its fourth quarter 2024 earnings release for Monday, March 3rd, 2025, after 4:00 P.M. Eastern Time. The company will host a conference call at 5:00 P.M. Eastern Time on the same day.
Investors can access the conference call by dialing (888) 394-8218 (U.S. toll-free) or +1 (323) 994-2093 (international) using the conference code 7951152. A simultaneous webcast will be available on the company's website under the Investors section. The earnings release and supplement will be posted to www.newfortressenergy.com, where a replay of the conference call will also be accessible after the event.
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NFE), has announced a quarterly cash distribution for its Series A Preferred unitholders. The distribution amounts to $0.546875 per unit of the 8.75% Series A Cumulative Redeemable Preferred Units, covering the period from November 15, 2024, through February 14, 2025. The payment will be made on February 18, 2025, to unitholders of record as of February 10, 2025.
New Fortress Energy (NFE) has announced a significant 20-year gas supply agreement with Energiza for a new 478 MW combined-cycle power plant in San Juan, Puerto Rico. The facility, positioned next to NFE's existing San Juan LNG import terminal, will be Puerto Rico's first new power plant since 1995 and is scheduled to begin operations in 2028.
The power plant aims to modernize Puerto Rico's aging power infrastructure by providing a cleaner and more reliable energy source. This partnership represents a strategic expansion of NFE's gas supply operations in the Caribbean region.
New Fortress Energy (NFE) has signed a significant 10-year charter agreement with the Egyptian Natural Gas Holding Company (EGAS) for the Energos Eskimo, a 160,000 m3 floating storage and regasification unit. The vessel will be stationed at EGAS's LNG import terminal in Ain Sokhna, Egypt, with operations scheduled to commence in summer 2025.
FAQ
What is the current stock price of New Fortress Energy (NFE)?
What is the market cap of New Fortress Energy (NFE)?
