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New Fortress Energy Inc. (NFE) is a global leader in providing clean, reliable, and affordable natural gas solutions. Established in 2015, the company has pioneered the development and supply of natural gas through end-to-end logistics and infrastructure solutions tailored for power producers, transportation companies, and industrial users worldwide.
NFE's operations began with the construction of the first LNG liquefaction plant in Florida, located in Miami. This facility features comprehensive rail and truck operations, along with on-dock rail access at Port of Miami and Port Everglades. The plant caters to various industries including aerospace, marine, transportation, and power, and is poised to lead the transition from oil to natural gas over the next decade.
One of NFE's significant accomplishments includes receiving approval to export natural gas to non-FTA countries and successfully exporting the first LNG shipment from the U.S. lower-48 states. This milestone underscores the company's capability and commitment to expanding global access to natural gas.
The company's business model is integrated, covering the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and the development or conversion of natural gas-fired generation. NFE has invested in floating, liquefied natural gas vessels to reduce costs and secure a long-term gas supply for its terminals.
NFE operates through two primary segments: Terminals and Infrastructure (T&I) and Ships. These segments exemplify the company's strategic approach to managing the logistics and infrastructure essential for efficient natural gas distribution. By leveraging its extensive network and innovative solutions, NFE continues to foster partnerships and advance projects that enhance energy accessibility and sustainability.
Recent news and updates about NFE highlight its ongoing initiatives and developments in the energy sector. Stay informed on the latest performance, events, and advancements of New Fortress Energy Inc., a company dedicated to transforming the energy landscape through cleaner and more affordable natural gas solutions.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its financial results for Q4 and full-year 2021 before 8:00 A.M. ET on March 1, 2022. An earnings supplement will be available on the company's website. Management will host a conference call on the same day at 8:00 A.M. ET, accessible via phone or webcast. A replay will be available starting at 11:00 A.M. ET on March 1 through March 8, 2022. New Fortress Energy is dedicated to accelerating the transition to clean energy by developing natural gas infrastructure and solutions.
New Fortress Energy (NASDAQ: NFE) announces a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 13, 2021 to February 14, 2022. This distribution will be paid on February 15, 2022 to unitholders on record as of February 8, 2022. New Fortress Energy is focused on accelerating the transition to clean energy by funding, building, and operating natural gas infrastructure.
New Fortress Energy (NASDAQ: NFE) has signed a Memorandum of Understanding (MOU) with the Islamic Republic of Mauritania to develop an Energy Hub focused on natural gas, liquefied natural gas (LNG), and blue ammonia. NFE plans to utilize its 'Fast LNG' technology to produce LNG for local and international markets, supplying existing and new power plants in Mauritania. This initiative aims to foster sustainable economic growth and position Mauritania as a significant exporter of LNG. However, the MOU is non-binding, and terms may change in future agreements.
New Fortress Energy (NFE) has signed a 15-year gas supply agreement with Norsk Hydro for the Alunorte Alumina Refinery in Pará, Brazil. The agreement will provide 29.5 TBtu of natural gas annually, aiding Hydro’s shift to cleaner fuels and reducing CO2 emissions by approximately 700,000 tonnes per year. NFE's Barcarena LNG terminal will support this transition and is expected to be the sole LNG import point in the region, enhancing local development and environmental sustainability.
New Fortress Energy Inc. (NASDAQ: NFE) announced that S&P Global Ratings has upgraded its issuer credit rating to ‘BB-’ with a Stable Outlook from ‘B+’. This upgrade reflects NFE's increasing cash flow due to its expansion from 3 terminals serving 37 customers to 11 terminals serving over 100 customers across various markets, including Brazil, Mexico, and Nicaragua. The company aims for significant organic growth through new terminal developments and long-term gas contracts to enhance its operational performance and customer support in transitioning to cleaner energy.
New Fortress Energy reported strong financial results for Q3 2021, achieving a record Total Segment Operating Margin of approximately $210 million, surpassing its goal of $208 million. The company anticipates a 50% increase to $585 million in the second half of 2021, with $1.1 billion projected for FY 2022 as new energy sources come online. A dividend of $0.10 per share was declared, payable on December 17, 2021. The company is advancing in multiple projects including a 15-year LNG agreement with Norsk Hydro and expects significant revenue from its terminals and infrastructure segments.
New Fortress Energy Inc. (NASDAQ: NFE) announced a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units. This distribution covers the period from August 14, 2021 to November 12, 2021 and will be payable on November 15, 2021. Record holders as of November 8, 2021 will receive this payment. The company continues to focus on enhancing the transition to clean energy through its natural gas infrastructure and logistics.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its Q3 2021 financial results on November 3, 2021, before 8:00 A.M. Eastern Time. The press release, along with an earnings supplement, will be available on the company's website. A conference call will follow at 8:00 A.M. ET, accessible by phone and via a webcast. A replay of the call will be available until November 10, 2021. New Fortress Energy focuses on clean energy transition through natural gas infrastructure and logistics.
New Fortress Energy Inc. (NASDAQ: NFE) will host an investor update conference call on October 7, 2021, at 9:00am Eastern Time. Interested parties can participate by dialing (866) 953-0778 for U.S. callers or (630) 652-5853 for international callers.
A Form 8-K will be filed, and a live webcast will be available on the company’s website. A replay of the call will be accessible from 12:00pm on October 7, 2021, through 12:00pm on October 14, 2021.
New Fortress Energy (NASDAQ: NFE) announced a secured term loan facility backed by eight vessels, allowing an initial borrowing of
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