NFE Research | Milton Maxwell

NFE

New Fortress Energy Inc.

1.1700

-0.0200-1.68%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

332.93M

P/E (TTM)

Basic EPS (TTM)

-4.92

Dividend Yield

Recent Filings

8-K

Extends LC maturity, eliminates preferred

3/25/26Mar 25, 2026

New Fortress Energy extended its Letter of Credit Agreement maturity to September 15, 2026, via the Fourteenth Amendment on March 19, 2026, while waiving certain defaults. It also eliminated all Series A and B Preferred Stock via a Certificate of Elimination filed March 25, 2026, after full redemption. Clean balance sheet ahead.

8-K

Restates cash flows, flags ICFR

3/17/26Mar 17, 2026

New Fortress Energy's audit committee flagged cash flow misclassifications in prior financials from delayed vendor payments on development projects, triggering restatements for 2023-2025 and more ICFR weaknesses. Cash outflows shift from investing to financing activities. Accounting errors pile up.

8-K

NFE launches debt-for-equity restructuring

3/17/26Mar 17, 2026

New Fortress Energy signed a restructuring support agreement on March 17, 2026, with creditors holding a majority of its $5.7B debt, launching UK Restructuring Plans to split into BrazilCo and leaner CoreCo. Creditors swap debt for BrazilCo equity, up to $643M CoreCo term loans, $2.5B convertible preferred (3-7% PIK, mandatorily converting to 87% common in year three), and 65% CoreCo common—diluting existing shareholders to 35%. Yet CoreCo emerges with ~$528M debt, targeting $100M liquidity; completion eyed by Q3 2026, pending approvals. Creditors lock in value.

8-K

Defaults trigger forbearance deals

12/19/25Dec 19, 2025

New Fortress Energy missed $30.6M Term Loan B and $1.6M Term Loan A interest payments due December 10, 2025, triggering defaults on December 17. Required lenders granted forbearance until January 9, 2026, while amendments to LC, RCF, and TLA facilities link cross-defaults and curb dividends, debt, sales. Debt acceleration looms post-forbearance. Stockholders face restructuring risks.

8-K

Extends notes forbearance to Jan 2026

12/17/25Dec 17, 2025

New Fortress Energy extended its forbearance on the missed interest payment for 12% Senior Secured Notes due 2029 to January 9, 2026, after holders of over 70% agreed, buying time for restructuring talks. It also amended its Letter of Credit Facility on December 12, 2025, halting a commitment cut to keep $195 million intact. Negotiations continue.

About

New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and logistics, shipping, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FRSU) and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; Dual-fired combined heat and power facility in Clarendon, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; LNG receiving facility and gas-fired power plant in Baja California Sur, Mexico; and LNG receiving facility in southern coast of Brazil, as well as a Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

CEO

Mr. Wesley Robert Edens

IPO

1/31/2019

Website

https://www.newfortressenergy.com

Employees

722

Sector

Energy

Industry

Oil & Gas Midstream