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New Fortress Energy Inc. (NFE) ownership disclosure reports that King Street Capital Management, L.P., King Street Capital Management GP, L.L.C., and Brian J. Higgins jointly have shared beneficial ownership of 301,730 shares of Series A Mandatorily Convertible Preferred Stock, equal to 12.3% of the class. King Street Capital Management is the investment manager of various fund entities; King Street Capital Management GP is its sole general partner, and Higgins is the GP’s managing member. The percentage is based on 2,454,936 preferred shares outstanding as of September 11, 2026.
Key Figures
Preferred shares beneficially owned:301,730 sharesPercent of class:12.3%Preferred shares outstanding:2,454,936 shares
3 metrics
Preferred shares beneficially owned301,730 sharesJointly reported with shared voting and dispositive power
Percent of class12.3%Series A Mandatorily Convertible Preferred Stock
Preferred shares outstanding2,454,936 sharesAs of September 11, 2026; basis for the reported percentage
Key Terms
beneficially owned, shared voting power, shared dispositive power, Series A Mandatorily Convertible Preferred Stock
4 terms
beneficially ownedfinancial
"Amount beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 301,730.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared power to dispose or to direct the disposition"
Series A Mandatorily Convertible Preferred Stockfinancial
"Title of class of securities: Series A Mandatorily Convertible Preferred Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many NFE preferred shares do the reporting persons beneficially own?
The three reporting persons jointly report shared beneficial ownership of 301,730 shares of New Fortress Energy’s Series A Mandatorily Convertible Preferred Stock, representing 12.3% of the class.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
New Fortress Energy Inc.
(Name of Issuer)
Series A Mandatorily Convertible Preferred Stock, par value $0.01 per share ("Preferred Stock")
(Title of Class of Securities)
643926207
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
643926207
1
Names of Reporting Persons
King Street Capital Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
301,730.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
301,730.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
301,730.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
643926207
1
Names of Reporting Persons
King Street Capital Management GP, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
301,730.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
301,730.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
301,730.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
643926207
1
Names of Reporting Persons
Brian J. Higgins
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
301,730.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
301,730.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
301,730.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
New Fortress Energy Inc.
(b)
Address of issuer's principal executive offices:
111 W. 19th Street, 8th Floor, New York, NY 10011
Item 2.
(a)
Name of person filing:
This Schedule 13G is being jointly filed by King Street Capital Management, L.P. ("KSCM"), King Street Capital Management GP, L.L.C. ("KSCM GP"), and Brian J. Higgins. KSCM, KSCM GP and Mr. Higgins are collectively referred to herein as the "Reporting Persons".
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is:
299 Park Avenue, 40th Floor
New York, NY 10171
(c)
Citizenship:
KSCM is a limited partnership organized under the laws of the State of Delaware, U.S.A. KSCM GP is a limited liability company organized under the laws of the State of Delaware, U.S.A. Mr. Higgins is a United States citizen.
(d)
Title of class of securities:
Series A Mandatorily Convertible Preferred Stock, par value $0.01 per share ("Preferred Stock")
(e)
CUSIP Number(s):
643926207
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 2,454,936 shares of Preferred Stock outstanding as of September 11, 2026, as reported by the Company in its Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 11, 2026.
(b)
Percent of class:
12.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
301,730
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
301,730
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
KSCM, a registered investment advisor, is the investment manager of various fund entities. KSCM has shared voting and dispositive power over the Preferred Stock reported hereunder with KSCM GP and Mr. Higgins. KSCM GP is the sole general partner of KSCM and Mr. Higgins is the managing member of KSCM GP.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
