New Fortress Energy Stock Price, News & Analysis

New Fortress Energy Inc. (NASDAQ: NFE) announced a secondary public offering of 6,900,000 shares at $46.00 per share, representing approximately 3.3% of its outstanding stock. The shares are being sold by Energy Transition Holdings LLC, which holds 21.3% of the company's shares. The offering is expected to close on December 19, 2022, with J.P. Morgan serving as the sole underwriter. The company will not receive any proceeds from the sale. Investors should review the prospectus supplement filed with the SEC for complete details.

New Fortress Energy Inc. (NASDAQ: NFE) has initiated a secondary public offering of 6,900,000 shares of its common stock, representing about 3.3% of its outstanding shares. The shares are being sold by Energy Transition Holdings LLC, managing approximately 21.3% of its holdings as of December 13, 2022. The company will not receive any proceeds from this offering, which is underwritten by J.P. Morgan. Investors are advised to refer to the filed prospectus for detailed information about the offering.

New Fortress Energy (NASDAQ: NFE) has updated its dividend policy to target an annual cash dividend of around 40% of its Adjusted EBITDA. A dividend of $3.00 per share has been declared, with a record date of January 4, 2023 and payment on January 13, 2023. The company expects to generate over $11 billion in liquidity over the next three years, primarily for investments and dividends. The Board will consider dividend declarations every six months, subject to financial performance and cash availability.

New Fortress Energy (NASDAQ: NFE) has finalized agreements with Mexico's state-owned Pemex to develop an integrated natural gas project off the coast of Veracruz. This partnership, endorsed by President Andrés Manuel López Obrador, aims to develop the Lakach deepwater natural gas field, with NFE investing in the completion of seven offshore wells over two years. The Lakach field is anticipated to produce natural gas at some of the lowest costs globally, contributing approximately 7.0 MTPA to global LNG capacity additions by 2024.

New Fortress Energy Inc. (NFE) reported third-quarter 2022 financial results, showcasing an Adjusted EBITDA of $291 million and a net income of $56 million. The company projected a notable increase in its 2023 Adjusted EBITDA goal to over $2.5 billion, driven by the upcoming deployment of its Fast LNG units. NFE also announced a dividend of $0.10 per share. Significant agreements were made with CFE in Mexico, including a new FLNG hub and a sale of the La Paz power plant. The company continues to enhance its LNG supply portfolio, aiming for a total capacity of approximately 9.5 mtpa by 2024.

New Fortress Energy (NASDAQ: NFE) announced an increase in its full-year 2022 Adjusted EBITDA goal to ~$1.1 billion and for 2023 to ~$2.5 billion, driven by portfolio optimization and higher operating margins. The deployment of the first floating liquefaction unit (FLNG 1) is expected in early 2023, enhancing the company's ability to respond to LNG market demands. The company hosted its FLNG Investor Day in Texas to showcase progress and strategic growth initiatives.

New Fortress Energy (NFE) has finalized agreements with Mexico's Comisión Federal de Electricidad (CFE), enhancing their strategic alliance supported by President Andrés Manuel López Obrador. The agreements include expanding NFE's natural gas supply to CFE's power plants in Baja California Sur, selling its 135 MW La Paz power plant to CFE, and establishing a new floating LNG hub off Altamira, Tamaulipas. NFE plans to deploy multiple FLNG units and anticipates the delivery of its first unit by mid-2023, contributing to cleaner energy production and reduced emissions.

New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per unit for its Series A Cumulative Redeemable Preferred Units. This distribution covers the period from August 15, 2022 to November 14, 2022, with payment scheduled for November 15, 2022. The record date for unitholders is November 7, 2022. This move underscores New Fortress Energy's commitment to delivering value to its investors.

New Fortress Energy Inc. (NASDAQ: NFE) will announce its third quarter 2022 financial results on November 8, 2022, at 8:00 A.M. Eastern Time. The press release and earnings supplement will be available on the company’s website. Following this, management will host a conference call accessible via phone and a public webcast. This event aims to provide insights into the company’s financial performance and strategies in the energy sector.