New Fortress Energy Inc. reports developments across an integrated natural gas and LNG infrastructure business that owns and operates terminals, liquefaction and delivery assets, ships, and logistics capabilities. Recurring company news covers terminal commercialization and capacity arrangements, gas-supply contracts, LNG-to-power infrastructure, and power-generation support in markets such as Brazil and Puerto Rico.
Updates also address material agreements, capital-structure actions, debt and forbearance matters, shareholder voting items, governance disclosures, and operating and financial results. The company’s business is organized around Terminals and Infrastructure and Ships, with the infrastructure segment spanning natural gas procurement, liquefaction, logistics, shipping, facilities, and natural gas-fired power generation development.
New Fortress Energy (NASDAQ: NFE) entered a Restructuring Support Agreement to implement a consensual UK Restructuring Plan that splits the company into BrazilCo (Brazil assets) and New NFE (public LNG-to-power business).
Key outcomes: corporate debt reduced from ~$5.7B to ~$527.5M, up to $2.5B preferred equity issued, and issuance of 65% of New NFE common equity to creditors; existing shareholders retain 35%. Closing expected by Q3 2026, subject to court availability and regulatory approvals.
New Fortress Energy (NASDAQ: NFE) will separate its Brazilian operations into an independent platform, BrazilCo, as part of a broader recapitalization via a UK Restructuring Plan. The newly independent BrazilCo will be owned by a global institutional consortium and led by Brazil-based executives Leandro Cunha and Jeremy Dawson.
Key assets include the 5.9 MTPA Barcarena terminal, the 624 MW CELBA 2 and 1.6 GW PortoCem power plants under development, and the TGS terminal in Santa Catarina; the transaction targets a mid-2026 close, subject to conditions and regulatory approvals.
New Fortress Energy (Nasdaq: NFE) extended its forbearance agreement with holders of its senior secured notes due 2029, moving the forbearance deadline from December 15, 2025 to January 9, 2026. During the extended forbearance period, the company said it expects to continue advancing completion of its restructuring with stakeholders.
New Fortress Energy (NASDAQ: NFE) received final approval from the Financial Oversight and Management Board for Puerto Rico for a 7-year Gas Supply Agreement to deliver approximately 75 TBtu of natural gas to Puerto Rico.
The agreement secures long-term deliveries aimed at supporting the island’s energy transformation by providing lower-emission fuel to enhance grid stability and support cleaner power generation across Puerto Rico’s energy system. The contract builds on NFE’s existing presence on the island and reflects a multi-year commitment to improving energy resilience.
New Fortress Energy (NASDAQ: NFE) announced on November 18, 2025 that it signed a forbearance agreement with representatives of holders of its new senior secured notes due 2029. Interest payments due November 17, 2025 have been effectively extended to December 15, 2025. During the forbearance period, the company expects to continue working constructively with its stakeholders.
New Fortress Energy (NASDAQ: NFE) announced first fire at the 624 MW CELBA 2 power plant in northern Brazil, starting hot commissioning toward commercial operations. COD is expected later in 2025. CELBA 2 will feed power through NFE’s integrated gas and power infrastructure in Barcarena.
The company said its Barcarena terminal has 2.2 GW of power under development, including the 624 MW CELBA 2 and the 1.6 GW PortoCem plant. PortoCem is reported as fully financed, ~75% complete, and expected to begin operations by August 2026. NFE noted it is positioned to participate in Brazil’s power auctions in March 2026.
New Fortress Energy (NASDAQ: NFE) has secured a significant 7-year gas supply agreement with Puerto Rico's government authorities. The contract, pending approval from the Financial Oversight and Management Board, will supply up to 75 TBtu of natural gas annually with minimum take-or-pay volumes of 40-50 TBtu.
The pricing structure includes 115% of Henry Hub plus $7.95/MMBtu for most volumes, with a special rate for San Juan 5 & 6 units at 115% of Henry Hub plus $6.50/MMBtu. The LNG will be sourced from NFE's 1.4 MTPA Fast LNG facility in Altamira, Mexico, which is currently operating above nameplate capacity.
This agreement aims to help Puerto Rico transition from expensive liquid fuels to cleaner natural gas, potentially generating significant savings for ratepayers while providing NFE with stable long-term margins.
New Fortress Energy (NASDAQ: NFE) reported challenging Q2 2025 financial results, with a net loss of $557 million and Adjusted EBITDA of -$4 million. The quarter was marked by significant non-cash impairments totaling $699 million, partially offset by a $473 million gain from the sale of Jamaican operations.
The company faces liquidity challenges and has initiated a strategic review process, retaining Houlihan Lokey and Skadden Arps as advisors. NFE is exploring options including asset sales, capital raising, and debt restructuring. Despite current challenges, positive developments include the commissioning of the 624 MW CELBA plant, new shipping charters with EGAS and Energia 2000, and over 70% completion of the PortoCem power plant in Brazil.
New Fortress Energy (Nasdaq: NFE) has received a notice from Nasdaq's Listing Qualifications Department regarding non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Q2 2025 Form 10-Q.
The company has 60 calendar days to submit a compliance plan to Nasdaq. If accepted, NFE could receive up to 180 days (until February 16, 2026) to file the Form 10-Q. While the notice doesn't immediately affect NFE's Nasdaq listing, failure to regain compliance could result in delisting of the company's Class A common stock.
New Fortress Energy (NASDAQ: NFE) has secured a 5-year agreement with the Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit (FSRU). The vessel will operate at EGAS' LNG import terminal in Damietta, Egypt.
This marks NFE's second FSRU deployment in Egypt, joining the Energos Eskimo as early as August 2025. The agreement strengthens NFE's presence in Egypt and supports their mission of providing reliable and cost-effective energy globally while enhancing Egypt's natural gas supply security.