New Fortress Energy Inc. (NFE)

NASDAQ: NFE · IEX Real-Time Price · USD
34.43
-0.72 (-2.05%)
At close: Mar 1, 2024, 4:00 PM
34.30
-0.13 (-0.38%)
After-hours: Mar 1, 2024, 7:00 PM EST
-2.05%
Market Cap 7.06B
Revenue (ttm) 2.41B
Net Income (ttm) 547.88M
Shares Out 205.03M
EPS (ttm) 2.65
PE Ratio 12.99
Forward PE 7.94
Dividend $0.40 (1.16%)
Ex-Dividend Date Mar 14, 2024
Volume 2,917,767
Open 35.41
Previous Close 35.15
Day's Range 33.97 - 35.51
52-Week Range 25.06 - 40.04
Beta 1.54
Analysts Buy
Price Target 42.86 (+24.48%)
Earnings Date Feb 29, 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 (L... [Read more]

Sector Utilities
IPO Date Jan 31, 2019
Employees 1,390
Stock Exchange NASDAQ
Ticker Symbol NFE
Full Company Profile

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 Statements

Analyst Forecast

According to 7 analysts, the average rating for NFE stock is "Buy." The 12-month stock price forecast is $42.86, which is an increase of 24.48% from the latest price.

Price Target
$42.86
(24.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

2 days ago - Business Wire

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...

3 days ago - Business Wire

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 ...

3 days ago - Business Wire

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...

Other symbols: APO
17 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

4 weeks ago - Business Wire

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 ...

5 weeks ago - Business Wire

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.

6 weeks ago - CNBC Television

Just Dropped: MORE 2024 Top Picks From MoneyShow's Gala Annual Report

Every year for the past few decades, MoneyShow has reached out to their most respected, time-tested analysts, strategists, and newsletter editors to get their favorite stock, ETF, and other investment...

Other symbols: SMGTLT
7 weeks ago - Forbes

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)...

Other symbols: APO
7 weeks ago - PRNewsWire

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...

2 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 months ago - Reuters

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 ...

4 months ago - Business Wire

New Fortress Energy Signs FSRU Charter to Start Operations of LNG Import Terminal in Santa Catarina, Brazil in January 2024

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter ...

4 months ago - Business Wire

New Fortress Energy Announces Closing of $856 Million Term Loan

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due...

4 months ago - Business Wire

Stifel Analyst on the LNG Market and Overlooked Investment Opportunities

VettaFi recently sat down with Ben Nolan, managing director at Stifel, to discuss the outlook for the global LNG market, third-quarter earnings, and overlooked investment opportunities in the space. V...

Other symbols: BKRGLNGGTLSLNGNEXT
4 months ago - ETF Trends

New Fortress Energy Schedules Third 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 third quarter 2023 prior to 8:00 A.M. Eastern Time on Wednesday, Novem...

5 months ago - Business Wire

New Fortress Energy Places 200+ MW In Service in Puerto Rico and Completes Final Sailaway for FLNG 1

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced that it has placed into service its second U.S. government sponsored power plant in Puerto Rico on Wednesday...

5 months ago - Business Wire

Electric Hydrogen to Supply Electrolyzer Technology for one of North America's Largest Green Hydrogen Facilities

NATICK, Mass.--(BUSINESS WIRE)--Electric Hydrogen Co. (EH2), a manufacturer of advanced, industrial-scale hydrogen electrolyzer technology, and New Fortress Energy Inc. (NASDAQ: NFE) announced today t...

6 months ago - Business Wire

10 growth stocks that are trading at bargain prices, including Delta and Cheniere Energy

Some investors place themselves in either the growth camp — focusing on the most rapidly growing companies, no matter how high their stock prices may be — or the value camp, going with slow growers th...

Other symbols: LNGBCDALEGFCNCAGPKJAZZ
6 months ago - Market Watch

New Fortress Energy Announces Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2023. Summary Highlights Adjusted EBITDA(1) of...

7 months ago - Business Wire

New Fortress Energy Schedules Second 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 second quarter 2023 prior to 8:00 A.M. Eastern Time on Tuesday, August...

8 months ago - Business Wire

New Fortress Energy Receives Mexico Export Authorization For Altamira Fast LNG Project

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) announced that it has received an export permit for its Altamira Fast LNG facility from Mexico's Ministry of Energy (Secretaría de Ene...

9 months ago - Business Wire

New Fortress Energy Announces First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Announces First Quarter 2023 Results.

10 months ago - Business Wire