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. (NASDAQ: NFE) generates frequent news as a global energy infrastructure company focused on natural gas and liquefied natural gas (LNG). Its disclosures highlight an integrated business that spans LNG production, shipping, terminals and gas-to-power projects, making corporate developments, project milestones and financing decisions important for investors and stakeholders following NFE news.
News about New Fortress Energy often centers on long-term gas supply agreements, LNG and power project milestones, and capital structure actions. For example, the company has reported multi-year gas supply agreements with Puerto Rican authorities to support the island’s energy transition and grid stability. It has also announced progress at its CELBA 2 and PortoCem power plants in Brazil, as well as performance and optimization of its Fast LNG facility offshore Altamira, Mexico.
Another recurring theme in NFE news is financing and restructuring activity. The company has disclosed a forbearance agreement with holders of its 12.000% Senior Secured Notes due 2029 after a missed interest payment, along with multiple amendments to letter of credit facilities to adjust covenants and maturities. NFE has also announced a process to evaluate strategic alternatives, including asset sales, capital raising, debt amendments and refinancing transactions aimed at improving liquidity and its capital structure.
Operational and portfolio updates also feature prominently. New Fortress Energy has reported the sale of its Jamaican LNG and power assets to Excelerate Energy, Inc., long-term FSRU charters with the Egyptian Natural Gas Holding Company (EGAS), and commissioning milestones at its Brazilian power plants. Regulatory and listing updates, such as Nasdaq notices related to delayed Form 10-Q filings, provide additional context for NFE’s reporting and compliance status.
Investors and observers can use the NFE news page on Stock Titan to follow these developments, track project and contract announcements, and monitor disclosures related to the company’s debt, liquidity and strategic initiatives over time.
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.
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