New Fortress Energy Inc. - NFE STOCK NEWS

New Fortress Energy (NASDAQ:NFE) will announce its financial results for Q4 and full year 2020 on March 16, 2021, before 8:00 AM ET. The press release and earnings supplement will be available on the company's website. Management will host a conference call on the same day at 8:00 AM ET, accessible via U.S. and international phone lines. A public webcast will also be available. A replay will be accessible from March 16, 2021, after 11:00 AM until March 23, 2021. New Fortress Energy focuses on clean energy solutions and infrastructure development.

New Fortress Energy (NASDAQ:NFE) will host an investor update conference call on January 21, 2021, at 10:00 A.M. ET. Interested participants can join by dialing (866) 953-0778 for U.S. callers or (630) 652-5853 for international callers, starting 15 minutes before the call. A simultaneous webcast will be available on the company's website, and a replay can be accessed from January 21 at 11:00 A.M. through January 28 at 11:00 P.M. New Fortress Energy focuses on accelerating the transition to clean energy through natural gas infrastructure and logistics.

New Fortress Energy (Nasdaq: NFE) has signed a Memorandum of Understanding with Petrobras Distribuidora S.A. and CCETC Brasil Holding Ltda. to acquire 288MW of power purchase agreements and develop an LNG terminal and gas-fired power plant at Suape Port, Brazil. The acquisition aims to enhance energy delivery in northeast Brazil and is expected to begin operations by the end of 2022. NFE also plans to acquire CH4 Energia Ltda., which holds key development permits for additional power capacity.

New Fortress Energy has announced its definitive agreements to acquire Hygo Energy Transition Ltd., a joint venture between Golar LNG and Stonepeak Infrastructure Fund, along with Golar LNG Partners. This strategic acquisition, valued at $3.1 billion, aims to enhance NFE's presence in Brazil's energy market, adding several gas-to-power projects and a fleet of LNG vessels. The deal includes the issuance of 31.4 million shares and $580 million in cash for Hygo and $3.55 per common unit in cash for GMLP, with expected closure in the first half of 2021.

New Fortress Energy (NASDAQ: NFE) has signed two long-term liquefied natural gas (LNG) supply agreements aimed at bolstering its energy businesses in Puerto Rico, Mexico, and Nicaragua. This follows previous LNG purchases for its Jamaican operations, covering approximately 80% of its expected needs across its terminal portfolio. Chairman Wes Edens noted that around 70% of their gas contracts are linked to Henry Hub prices, aligning these new LNG commitments with their customer volumes to minimize market price exposure.

New Fortress Energy Inc. (NASDAQ: NFE) announced the pricing of a private offering of $250 million in additional 6.750% senior secured notes due 2025. These notes will be issued at 105.25% of principal, with accrued interest from September 2, 2020. The net proceeds will be utilized for general corporate purposes. The offering is directed at qualified institutional buyers and will not be registered under the Securities Act, limiting its sale in the U.S. The closing of this offering is subject to limited conditions.

New Fortress Energy (NASDAQ: NFE) has announced a public offering of $150 million in Class A common stock, with an underwriter's option for an additional $22.5 million. The company will utilize the net proceeds for general corporate purposes. Morgan Stanley is the sole underwriter. This offering is conducted under an effective registration statement and a preliminary prospectus supplement available through SEC filings. The press release emphasizes that it does not constitute an offer to sell or solicit purchases in areas where it would be illegal.

New Fortress Energy (NASDAQ: NFE) plans to offer an additional $250 million of 6.750% senior secured notes due 2025, subject to market conditions. This adds to the existing $1,000 million outstanding in the same notes. The company aims to use the net proceeds for general corporate purposes. The offering will be available to qualified institutional buyers in the U.S. and outside the U.S. under specific exemptions from registration. This press release contains forward-looking statements which involve risks and uncertainties, and actual results may differ.

New Fortress Energy (NFE) announced its third-quarter 2020 financial results, reporting record revenues of nearly $137 million, an increase of $40 million from Q2 2020. The company declared a fourth-quarter dividend of $0.10 per Class A common share, payable on December 9, 2020. Average daily volumes sold reached 1.5 million gallons per day, with expectations for continued growth, targeting volumes of 1.7 to 2.0 million gallons. However, NFE reported a net loss of approximately $37 million, primarily due to a $28 million loss on debt extinguishment.