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.
New Fortress Energy Inc. (NASDAQ: NFE) announced a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units. This distribution covers the period from February 15, 2023 to May 14, 2023, and will be payable on May 15, 2023 to all preferred unitholders recorded as of May 8, 2023. New Fortress Energy is focused on addressing energy poverty globally by providing reliable, affordable, and clean energy solutions through its extensive natural gas and LNG infrastructure, alongside a fleet of ships and logistic assets. These efforts aim to bolster global energy security and foster economic growth.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its financial results for the first quarter of 2023 before 8:00 A.M. Eastern Time on Thursday, May 4th, 2023. The results will be available on the Company's website.
Management will also host a conference call on the same day at 8:00 A.M. Eastern Time, accessible by calling (888) 224-1121 or +1-323-794-2575. A simultaneous webcast will be available for public listening. A replay of the call will be posted shortly after its conclusion.
New Fortress Energy Inc. focuses on energy infrastructure, aiming to tackle energy poverty and advance clean energy transitions globally. The company operates natural gas and LNG assets, enhancing energy security and supporting economic growth.
New Fortress Energy (NASDAQ: NFE) announced agreements with Weston Solution, Inc. for 150 MW of power generation at the Palo Seco Power Plant in Puerto Rico. This initiative aims to enhance the island's grid stability under a task order from the US Army Corps of Engineers. The dual-fuel generators will assist in maintenance work on Puerto Rico’s power system. CEO Wes Edens highlighted the federal support for recovery efforts, emphasizing a transition to a cleaner and more reliable energy system. The transactions are subject to customary terms and conditions.
New Fortress Energy (NFE) reported impressive financial results for Q4 2022 and the full year, with an Adjusted EBITDA of $239 million for Q4 and nearly $1.1 billion for the year. Net income was reported at $66 million for the quarter and $185 million for the year, with Adjusted EPS of $0.87 and $2.74, respectively. The company announced a 2023 Adjusted EBITDA goal of ~$2.0 billion, nearly double the previous year. Key developments included a 10-year contract for managing Puerto Rico's power generation system, completion of the Barcarena terminal, and progress on Fast LNG initiatives. A $0.10/share dividend was declared, continuing its strategy to return capital to shareholders.
New Fortress Energy (NFE) has entered into an agreement with Golar LNG Limited (GLNG) to sell its stake in the Hilli floating liquefaction facility, receiving 4.1 million NFE shares and $100 million in cash. This transaction will reduce NFE's outstanding shares to approximately 204.7 million and will also allow NFE to eliminate $323 million in associated debt. The deal aims to enable NFE to concentrate on its fully-owned floating LNG portfolio and repurchase its shares at attractive valuations. The transaction is expected to close in Q1 2023, subject to customary conditions.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its financial results for the fourth quarter and full year 2022 on February 28, 2023, at 8:00 A.M. ET. The announcement will be available on the company’s website, including an earnings supplement. A conference call will be held on the same day at 8:00 A.M. ET, accessible via phone or webcast. New Fortress Energy focuses on addressing energy poverty through its global energy infrastructure, owning and operating natural gas and LNG assets, enhancing energy security, and promoting environmental stewardship.
New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units. This distribution covers the period from November 15, 2022 to February 14, 2023 and will be payable on February 15, 2023 to unitholders on record as of February 7, 2023. New Fortress Energy, a global energy infrastructure company, focuses on enhancing energy security and promoting sustainable energy solutions worldwide.
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