New Fortress Energy Inc. (NFE)
| Market Cap | 4.14B |
| Revenue (ttm) | 2.52B |
| Net Income (ttm) | 451.76M |
| Shares Out | 205.06M |
| EPS (ttm) | 2.20 |
| PE Ratio | 9.17 |
| Forward PE | 7.57 |
| Dividend | $0.40 (1.98%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 2,125,371 |
| Open | 20.11 |
| Previous Close | 20.34 |
| Day's Range | 19.74 - 20.28 |
| 52-Week Range | 19.03 - 40.04 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 37.14 (+84.14%) |
| Earnings Date | Aug 9, 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 7 analysts, the average rating for NFE stock is "Buy." The 12-month stock price forecast is $37.14, which is an increase of 84.14% from the latest price.
News
New Fortress Energy Announces Closing of $700 Million Loan for Second FLNG Unit
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the Company has clos...
New Fortress Energy Achieves First LNG for its Fast LNG Asset
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexi...
New Fortress Energy Schedules Second 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 second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August ...
Pennybacker Furthers Infrastructure Investments with Acquisition of Miami LNG
AUSTIN, Texas , July 9, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, has entered into a definitive agreement to acquire a small-sca...
New Fortress Energy Announces Launch of Klondike Digital Infrastructure to Develop Data Center Solutions
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces the launch of Klondike Digital Infrastructure (“Klondike”), a power and data center development bus...
New Fortress Energy Agrees to Sell Miami Liquefaction and Storage Facility
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announced that it has entered into a definitive agreement to sell its liquefaction and storage facility in Mi...
NFE Announces First LNG in Days and First Cargo in July
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces First LNG in the coming days and First Cargo in July. NFE today updated the timing of its First LNG...
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...