New Fortress Energy Stock Price, News & Analysis

New Fortress Energy (NFE) has scheduled its first quarter 2025 earnings release and conference call for Monday, May 12th, 2025. The financial results will be announced after 4:00 P.M. Eastern Time, followed by a conference call at 4:30 P.M. ET.

Investors can access the conference call by dialing (888) 256-1007 (U.S. toll-free) or +1 (323) 701-0225 (international) using the conference code 8378656. 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 call will also be accessible.

Excelerate Energy (NYSE: EE) has announced the pricing of an upsized $800 million senior notes offering through its subsidiary Excelerate Energy Partnership. The 8.000% unsecured senior notes, due May 15, 2030, will be issued at par, with the offering expected to close on May 5, 2025.

The offering was increased from the original $700 million to $800 million. The proceeds, combined with equity offering proceeds and cash reserves, will fund: (1) the $1.055 billion acquisition of New Fortress Energy's Jamaica business, (2) repayment of $163.6 million in outstanding term loan facility borrowings as of December 31, 2024, and (3) related fees and expenses.

The notes will be guaranteed by certain restricted subsidiaries and are being offered exclusively to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.

Excelerate Energy (NYSE: EE) has announced that its subsidiary, Excelerate Energy Partnership, is launching a $700 million offering of unsecured senior notes due 2030. The proceeds, combined with previous equity offering funds and cash reserves, will be used to:

• Fund the $1.055 billion acquisition of New Fortress Energy's Jamaica business
• Repay $163.6 million in outstanding term loan facility borrowings as of December 31, 2024
• Cover related fees and expenses

The 2030 Notes will be guaranteed by certain subsidiaries and are being offered exclusively to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.

Excelerate Energy (NYSE: EE) has priced its upsized public offering of 6,956,522 shares of Class A common stock at $26.50 per share. The offering size increased from the initially announced $150 million to $184.3 million in gross proceeds. The company has also granted underwriters a 30-day option to purchase up to an additional 1,043,478 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 is expected to close around April 2, 2025. Lead book-running managers include Barclays and Morgan Stanley, with Credit Agricole CIB, DNB Markets, Jefferies, and Wells Fargo Securities acting as joint book-running managers.

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.