Welcome to our dedicated page for New Fortress Energy news (Ticker: NFE), a resource for investors and traders seeking the latest updates and insights on New Fortress Energy stock.
New Fortress Energy Inc. (NFE) provides integrated gas-to-power solutions through its natural gas infrastructure and logistics network. This dedicated news hub offers investors and industry professionals direct access to official company announcements, financial disclosures, and strategic developments.
Track NFE's operational milestones including LNG terminal expansions, shipping fleet updates, and partnership agreements. Our curated collection features earnings reports, regulatory filings, and project announcements that shape the company's position in global energy markets.
Discover updates across key operational areas: liquefaction facility developments, infrastructure investments, and long-term supply contracts. Stay informed about NFE's progress in converting power generation systems to cleaner natural gas alternatives worldwide.
Bookmark this page for real-time access to verified NFE communications. Monitor the company's execution of its vertically integrated strategy across the complete LNG value chain - from gas procurement through end-user delivery.
New Fortress Energy (NASDAQ: NFE) has secured an LNG supply agreement covering its needs through 2027. This agreement will support its existing natural gas and electricity businesses while enhancing reliability and affordability for its customers. With commercial operations starting shortly in Mexico and Nicaragua, NFE expects to fulfill its anticipated gas needs across five terminals in the Caribbean and Central America. Additionally, it plans to secure further LNG volumes for its upcoming operations in Brazil, with all four terminals expected to be operational in 2022.
New Fortress Energy (NASDAQ: NFE) will announce its Q2 2021 financial results on August 5, 2021, before 8:00 A.M. ET. The results will be accessible on the company's website. Management will host a conference call at 8:00 A.M. ET on the same day, available via phone and a public webcast. A replay of the conference call will be available post-event until August 12, 2021. New Fortress Energy focuses on natural gas infrastructure and aims to expedite the transition to clean energy, contributing to economic growth and environmental sustainability.
Sagicor Group Jamaica has announced a US$285 million sale and leaseback of a combined heat and power plant in Clarendon owned by New Fortress Energy (NFE). This marks the largest corporate financing in Jamaica's history. Sagicor will invest US$100 million as anchor investors, with US$185 million raised from other investors. Both companies emphasize the partnership's significance for Jamaica's energy transition and economic growth. The transaction awaits regulatory approval and customary closing conditions.
New Fortress Energy reported its Q1 2021 financial results, showing stable revenues of $145.7 million but a net loss of $39.5 million, attributed to higher LNG costs and acquisition expenses. The company successfully acquired Hygo Energy and Golar LNG Partners for a total of $5.1 billion. NFE announced a $0.10 dividend per share, record date June 1, 2021, payment date June 11, 2021. Future projects are progressing on schedule, including terminals in Mexico and Nicaragua, and a joint venture in renewable fuels called Zero Parks to commercialize low-carbon solutions.
New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per Series A preferred unit (NASDAQ: GMLPP) for the period from February 15, 2021 to May 14, 2021. This distribution will be payable on May 17, 2021 to all unitholders of record as of May 10, 2021. 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) will release its Q1 2021 financial results on May 7, 2021, before 8:00 A.M. Eastern Time. The press release and earnings supplement will be available on the company’s Investors section of its website.
Management will host a conference call on the same day at 8:00 A.M. ET, accessible through specific phone numbers for U.S. and international participants. A replay will be available until May 14, 2021. New Fortress Energy aims to accelerate the transition to clean energy through its natural gas infrastructure solutions.
New Fortress Energy (NFE) has successfully completed the acquisition of Golar LNG Partners (GMLP) on April 15, 2021. NFE purchased all outstanding common units of GMLP at $3.55 per unit. Following the acquisition, GMLP's board approved the delisting of its 8.75% Series A Cumulative Redeemable Preferred Units, effective on or about May 13, 2021. The delisting follows NASDAQ's notification that the Preferred Units do not meet listing requirements, and GMLP will also suspend its reporting obligations regarding the Units.
TortoiseEcofin announced on April 15, 2021, that Golar LNG Partners LP (NASDAQ:GMLP) will be removed from the Tortoise MLP Index due to its merger with New Fortress Energy Inc (NASDAQ:NFE). This removal will take effect at market open on April 19, 2021. GMLP's removal is executed without a special rebalancing, as its current weight falls below the threshold that would necessitate such action. The Tortoise MLP Index is focused on energy master limited partnerships (MLPs) and serves as a capitalization-weighted index.
New Fortress Energy (NASDAQ: NFE) announced a 15-year Memorandum of Understanding with Norsk Hydro to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil. This partnership aims to convert the refinery's calcination process from fuel oil to natural gas, reducing emissions by around 20%. NFE will deliver an agreed minimum quantity of gas from its Barcarena LNG terminal, anticipated to be operational by 2022. The agreement is subject to final documentation and commercial arrangements.
New Fortress Energy has successfully acquired Hygo Energy Transition and Golar LNG Partners for a total enterprise value of $5.1 billion. This includes 31.37 million shares of NFE and $580 million in cash for Hygo, along with the purchase of Golar’s common units at $3.55 each. This strategic move enhances NFE's position as a leading gas-to-power provider, with a portfolio that includes multiple floating storage and regasification units (FSRUs) and a significant power plant in Brazil. The acquisition is expected to drive NFE’s growth in the clean energy market.
