New Fortress Energy Inc. (NFE)
| Market Cap | 5.48B |
| Revenue (ttm) | 2.52B |
| Net Income (ttm) | 451.76M |
| Shares Out | 205.06M |
| EPS (ttm) | 2.20 |
| PE Ratio | 12.15 |
| Forward PE | 7.58 |
| Dividend | $0.40 (1.50%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 1,183,244 |
| Open | 26.19 |
| Previous Close | 26.08 |
| Day's Range | 25.95 - 26.90 |
| 52-Week Range | 25.06 - 40.04 |
| Beta | 1.54 |
| Analysts | Buy |
| Price Target | 37.25 (+39.41%) |
| Earnings Date | May 8, 2024 |
About NFE
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 shipping, logistics, 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 (LN... [Read more]
Financial Performance
In 2023, NFE's revenue was $2.41 billion, an increase of 1.90% compared to the previous year's $2.37 billion. Earnings were $547.88 million, an increase of 181.72%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for NFE stock is "Buy." The 12-month stock price forecast is $37.25, which is an increase of 39.41% from the latest price.
News
New Fortress Energy Announces First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the first quarter of 2024. Summary Highlights Adjusted EBITDA(1) of ...
Golar LNG Partners LP Series A Preferred Cash Distribution
NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative ...
New Fortress Energy Signs EPC Contract and Begins Construction of 1.6 GW Power Plant to Serve 15-Year Agreement in Brazil
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has finalized and executed an engineering, procurement and construction contract (the...
New Fortress Energy Schedules First Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the first quarter 2024 prior to 8:00 A.M. Eastern Time on Wednesday, May 8...
New Fortress Energy to Host Investor Call to Discuss its Transformative Transactions in Puerto Rico and Brazil
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that management will host a conference call on Monday, March 25, 2024, at 11:00 am Eastern Time to dis...
New Fortress Energy Completes Previously Announced Acquisition and Transfer of 1.6 GW, 15-year Contracted Power Asset in Brazil
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) has completed the previously announced acquisition and transfer of a 1.6 GW Capacity Reserve Contract (“PortoCem PPA” ...
New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced the early results of its previously announced cash tender offer (the “Tender Offer”) to purchase for c...
New Fortress Energy Announces Transformative Transactions in Puerto Rico
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) is pleased to announce two transactions that further solidify our commitment to providing affordable and sustainable e...
New Fortress Energy Announces Upsizing and Pricing of $750 Million of Senior Secured Notes
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of...
New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) previously announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $250,000,000 i...
New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $250,000,000 in agg...
New Fortress Energy Announces Proposed Offering of $500 Million of Senior Secured Notes
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it intends to offer $500 million aggregate principal amount of senior secured notes due 2029 (the...
New Fortress Energy Places Terminal Gas Sul LNG Terminal in Santa Catarina, Brazil into Operation
NEW YORK--(BUSINESS WIRE)--New Fortress Energy, Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that its Terminal Gas Sul (“TGS”) LNG terminal located in Santa Catarina, Brazil, is now ope...
New Fortress Energy Announces Record Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the fourth quarter and for the year ended December 31, 2023. Summary...
New Fortress Energy Places Barcarena LNG Terminal in Pará, Brazil into Operation
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that its 6 MTPA (300 TBtu) Barcarena LNG terminal located in Pará, Brazil is now operational ...
New Fortress Energy Completes Sale of Stake in Energos Infrastructure
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has completed the sale of its 20% equity interest in Energos Infrastructure (“Energos”) to funds man...
New Fortress Energy Schedules Fourth Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the fourth quarter 2023 prior to 8:00 A.M. Eastern Time on Thursday, Febru...
New Fortress Energy Receives Customs Ruling for Its FLNG Facility
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produc...
New Fortress Energy CEO on U.S. natural gas exports, hydrogen and renewable energy projects
Wes Edens, New Fortress Energy CEO, joins 'Closing Bell' to discuss U.S. natural gas exports, hydrogen projects, and Brightline rail expansion.
Just Dropped: MORE 2024 Top Picks From MoneyShow's Gala Annual Report
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Energos Infrastructure Announces Transformative Marine LNG Asset Transaction with Long Term Charter Contracts in Germany
NEW YORK , Jan. 8, 2024 /PRNewswire/ -- Energos Infrastructure ("Energos" or the "Company"), an international marine LNG infrastructure company, majority-controlled by Apollo-managed funds (NYSE: APO)...
New Fortress Energy Adds 1.6 GW, 15-year Contracted Power Asset to Existing Brazilian Infrastructure Portfolio
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has entered into a definitive agreement to acquire a 1.6 GW Capacity Reserve Contract (“PortoCem PPA...
New Fortress Energy Announces Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter of 2023. Summary Highlights Adjusted EBITDA(1) of ...
Exclusive: Mexico's Pemex, New Fortress Energy scrap deepwater gas project -sources
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy have terminated a deal to develop potentially the country's first deepwater natural gas project that...
New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has executed definitive agreements with the Brazilian development bank, Banco Nacional de Desenvolvimento Econômico ...