New Fortress Energy Inc. (NFE)

NASDAQ: NFE · IEX Real-Time Price · USD
30.52
+0.92 (3.11%)
Mar 28, 2024, 3:15 PM EDT - Market open
3.11%
Market Cap 6.07B
Revenue (ttm) 2.41B
Net Income (ttm) 547.88M
Shares Out 205.03M
EPS (ttm) 2.65
PE Ratio 11.42
Forward PE 7.08
Dividend $0.40 (1.31%)
Ex-Dividend Date Mar 14, 2024
Volume 449,076
Open 29.87
Previous Close 29.60
Day's Range 29.77 - 30.61
52-Week Range 25.06 - 40.04
Beta 1.52
Analysts Buy
Price Target 39.29 (+28.61%)
Earnings Date May 2, 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]

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 $39.29, which is an increase of 28.61% from the latest price.

Price Target
$39.29
(28.61% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

6 days ago - Business Wire

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” ...

8 days ago - Business Wire

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...

9 days ago - Business Wire

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...

10 days ago - Business Wire

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...

22 days ago - Business Wire

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...

22 days ago - Business Wire

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...

23 days ago - Business Wire

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...

24 days ago - Business Wire

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...

27 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...

4 weeks 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 ...

4 weeks 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
6 weeks 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...

7 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...

2 months 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 ...

2 months 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.

2 months 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
2 months 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
2 months 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...

3 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 ...

5 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...

5 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 ...

5 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 ...

5 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...

5 months ago - Business Wire

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...

6 months ago - Business Wire