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.
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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.
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-0.8%
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New Fortress Energy Inc. (Nasdaq: NFE) reported Q3 2023 financial results with Adjusted EBITDA of $208 million, net income of $62 million, and Adjusted EPS of $0.30. Achievements include milestones in Puerto Rico, FLNG asset completion, FSRU charter, and power plant construction progress. The company expects increased earnings and reduced capex in Q4 2023, with $1 billion in non-core asset sales for deleveraging.
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End-of-Day
16.61%
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New Fortress Energy Inc. (NASDAQ: NFE) has secured definitive agreements with BNDES, Lumina Capital Management, and BTG Asset Management to fund up to $575 million in asset-based financing for the completion of their 630 MW Barcarena power plant. The plant is on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement with Brazilian electricity distribution companies.
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-2.61%
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New Fortress Energy (NASDAQ: NFE) has signed a definitive agreement to charter the Floating Storage and Regasification Unit (FSRU) Energos Winter from Petrobras. The FSRU will be deployed to NFE's LNG import terminal in Santa Catarina, Brazil, which will start operations ahead of schedule in January 2024. The agreement allows NFE to commence commercial operations and ensures uninterrupted service on a long-term basis.
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-4.92%
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New Fortress Energy Inc. (NASDAQ: NFE) has closed its $856 million senior secured term loan credit facility due 2028. The loan will bear interest at SOFR + 5.00% per annum and includes a prepayment option. The company plans to use the net proceeds from the offering, along with cash on hand, to invest in projects and repay its existing bridge facility.
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-1.62%
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Golar LNG Partners LP, a subsidiary of New Fortress Energy Inc., has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2023, through November 14, 2023.
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New Fortress Energy Inc. (NASDAQ: NFE) will announce its Q3 2023 financial results on November 8th, 2023. A conference call will be held at 8:00 A.M. Eastern Time.
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3.33%
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New Fortress Energy announces the placement into service of its second U.S. government sponsored power plant in Puerto Rico. The facility in San Juan has a capacity of 200+ MW and operates under a 2-year contract. Both power installations operate under multi-year contracts with the U.S. government. NFE has also reached a significant milestone in its infrastructure development portfolio with the sailing away of the third and final rig of FLNG 1. NFE is at an inflection point as its core infrastructure projects enter service. The projects are expected to contribute significantly to downstream volumes and terminal earnings beginning in Q4 2023.
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0.95%
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Electric Hydrogen Co. (EH2) and New Fortress Energy Inc. (NASDAQ: NFE) have entered into an agreement for the supply of EH2's 100 MW electrolyzer system to NFE's green hydrogen project in Texas. The facility is expected to produce nearly 50 tons per day of green hydrogen, with first production expected in Q4 2024 and full commercial operation in 2025. The site and facility are scalable to 200 MWs in the future. EH2's innovative electrolysis technology and modular plant architecture aim to reduce costs and complexity. The electrolyzer stacks are being manufactured in Massachusetts, with balance-of-plant modules fabricated in Texas. NFE sees this partnership as an opportunity to be an early mover in the market and decarbonize hard-to-abate sectors.
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2.67%
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New Fortress Energy Inc. (Nasdaq: NFE) reported strong financial results for Q2 2023, with adjusted EBITDA of $246 million, net income of $120 million, and adjusted EPS of $0.58. The company achieved several milestones, including managing PREPA's thermal power plants in Puerto Rico and installing 350 MW of gas-fired power. They expect an increase in earnings and a decrease in capex in the second half of 2023 through 2024, with a focus on operations, cash generation, and deleveraging.
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New Fortress Energy Inc.
Nasdaq:NFE
NFE Rankings
NFE Stock Data
5.48B
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