New Fortress Energy SEC Filings

New Fortress Energy Inc. (NFE) entered into an Eleventh Amendment to its Letter of Credit and Reimbursement Agreement, extending the facility’s maturity to March 31, 2026 and granting a covenant holiday for the consolidated first lien debt ratio and fixed charge coverage ratio for the quarters ended September 30, 2025 and ending December 31, 2025. The amendment also removes the minimum liquidity requirement.

In exchange, the Company loses certain flexibility to pay dividends and other distributions and faces new restrictions on paying principal or interest on specified indebtedness, including the November 17, 2025 interest payment under its New 2029 Notes Indenture. The amendment ties a default under the credit facility to NFE Financing’s continued compliance with a Forbearance and Waiver Agreement on the New 2029 Notes; a breach could trigger cash collateralization of letters of credit, acceleration of substantially all outstanding indebtedness, and the need for additional restructuring initiatives that could materially and adversely affect stockholders.

New Fortress Energy Inc. (NFE) reported significant financing, operational and strategic developments in the quarter. Management completed the sale of the Jamaica Business for approximately $678.5 million in net cash proceeds plus ~$98.6 million held in escrow and recognized a gain of $472.7 million, offset by ~$70.9 million of transaction costs. The company placed its first Fast LNG unit into service in late 2024 and continues to operate terminals in Puerto Rico, Mexico and Brazil with long‑term contracts with PREPA and CFE.

Liquidity and leverage are the principal near‑term concerns: management disclosed operating losses and negative operating cash flows in Q1 and Q2 2025, material increases in interest expense driven by higher principal balances (total principal outstanding ~$9.2 billion at June 30, 2025), and expected covenant non‑compliance for the quarter ending September 30, 2025. The Company failed to provide a required $79.1 million bank guarantee on time to PortoCem debenture holders, creating a risk that holders could declare an event of early maturity that would make substantially all debt due on demand. Management is negotiating with creditors, pursuing strategic alternatives and retained a financial advisor, but stated substantial doubt exists about its ability to continue as a going concern.

New Fortress Energy Inc. (NFE) disclosed that on August 19, 2025 Nasdaq's Listing Qualifications Department notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the company has not filed its periodic report for the period ended June 30, 2025. The notice gives 60% (sixty calendar days) to submit a plan to regain compliance and, if accepted, Nasdaq may grant up to February 16, 2026 to file the report and regain compliance. The notice has no immediate effect on listing or trading, but failure to regain compliance could lead to delisting of the Class A common stock. The company states it is working to finalize and file the late periodic financial reports as soon as possible.

New Fortress Energy, Inc. reported a Ninth Amendment to a credit facility that converts the facility from uncommitted to committed and extends the maturity to November 14, 2025. The amendment adds an asset sale sweep prepayment mechanism, adjusts fees and pricing, and reduces commitments to approximately $195,000, with an automatic reduction on October 5, 2025 to approximately $155,000. The filing states this change creates a direct financial obligation and cross-references Item 1.01 for additional details. The disclosure is focused on the loan amendment terms rather than operating results.

Schedule 13G disclosure by Capital World Investors reports a passive stake in New Fortress Energy. The filing shows CWI beneficially owns 6,806,969 shares, equal to 2.5% of the 274,198,296 shares believed outstanding. CWI reports sole voting power of 6,766,372 shares and sole dispositive power of 6,806,969. The statement classifies the holding as passive (ownership of 5% or less) and includes a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

New Fortress Energy (NFE) is delaying its Quarterly Report for the period ended June 30, 2025 because ongoing negotiations over additional credit support under a debt instrument may change the presentation of long‑term debt and related disclosures, and the company needs extra time to complete interim unaudited financial statements and permit its auditor to finish its review. The company expects materially lower terminal operations revenue versus 2024 due to the discontinuation of its Puerto Rico temporary power project and the May 2025 sale of its Jamaica business, plus lower cargo sales, and materially higher operating expenses driven by goodwill and asset impairments partially offset by the gain on the Jamaica sale.