Every 10-Q that New Fortress Energy (NFE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NFE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NFE filings page.
New Fortress Energy Inc. reported total revenues of 312,502 and 539,455 (each in thousands of U.S. dollars) for the three and six months ended June 30, 2026. Operating loss was 148,718 for the quarter and 374,093 year-to-date, with net loss attributable to common stockholders of 371,441 and 771,386, or 1.30 and 2.70 per basic share, respectively.
As of June 30, 2026, total assets were 10,728,820 while total debt was 8,858,351 (in thousands of U.S. dollars). Stockholders’ equity attributable to New Fortress Energy was a deficit of 553,650, leading to total stockholders’ deficit of 432,438. Cash, cash equivalents and restricted cash together were 500,147.
Management states there is substantial doubt about the ability to continue as a going concern following multiple payment defaults on notes, term loans and the revolving facility. The company is pursuing a comprehensive Restructuring Transaction, separating into BrazilCo and CoreCo and exchanging existing obligations into new CoreCo term loans, preferred equity and BrazilCo equity. CoreCo Convertible Preferred Stock will mandatorily convert after three years into shares representing 87% of fully diluted Class A common stock, while all existing Class A shares will remain outstanding and are expected to represent 35% of Class A at closing. Court-sanctioned restructuring plans in the UK and U.S. are in place, and closing is expected in the third quarter of 2026; management warns that failure to complete this transaction or an alternative restructuring would likely result in no recovery to stockholders.
New Fortress Energy reported a very weak quarter and is pursuing a major balance sheet overhaul. Revenue for the three months ended March 31, 2026 fell to $226.9M from $472.3M a year earlier, and net loss attributable to stockholders widened to $399.9M, or $1.40 per share, versus a $0.65 loss.
The company’s balance sheet is highly stressed: it had cash and restricted cash of $189.9M, total debt of $8.3B, and a stockholders’ deficit of $55.0M as of March 31, 2026. Multiple debt facilities and notes are in payment default, and management states there is “substantial doubt” about the ability to continue as a going concern.
To address this, NFE entered a restructuring support agreement with creditors representing over 97% of roughly $5.8B of indebtedness. The plan would split the business into BrazilCo and CoreCo and exchange existing obligations into new CoreCo term loans, BrazilCo equity, new non‑recourse FLNG 2 instruments, and $2.46B-liquidation‑preference CoreCo Convertible Preferred Stock that will mandatorily convert into 87% of fully diluted NFE Class A common stock three years after closing. Existing shares would fall to 35% of equity at closing, before this conversion.
New Fortress Energy Inc. (NFE) reports a sharp downturn for the nine months ended September 30, 2025, posting a net loss of $1,047,556 thousand, driven by a $582,172 thousand goodwill impairment and $127,911 thousand of asset impairments, partly offset by a $470,994 thousand gain on the sale of its Jamaica business. Third‑quarter 2025 revenue fell to $327,367 thousand from $567,535 thousand a year earlier, and the quarter swung to a net loss of $293,356 thousand from net income of $11,313 thousand.
Liquidity is under severe pressure: cash and restricted cash were $389,341 thousand at period end, while current debt ballooned to $6,579,321 thousand. The company did not pay $163,808 thousand of interest due November 17, 2025 on its New 2029 Notes and is operating under a forbearance agreement through December 15, 2025. Management discloses covenant risks across its revolving credit facility and term loans, springing maturities tied to $510,879 thousand of 2026 Notes, and uncertainty around providing a $79,100 thousand PortoCem bank guarantee, concluding there is substantial doubt about NFE’s ability to continue as a going concern and indicating it is evaluating asset sales, capital raising, debt amendments, refinancings, or broader restructuring alternatives.
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.