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New Fortress Energy Inc. - NFE STOCK NEWS

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) 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.

News

Golar LNG Partners LP Series A Preferred Cash Distribution

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Golar LNG Partners LP, a subsidiary of New Fortress Energy Inc. (NFE), has announced a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2023, through February 14, 2024. The distribution will be payable on February 15, 2024, to all Series A preferred unitholders of record as of February 8, 2024.
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Energos Infrastructure Announces Transformative Marine LNG Asset Transaction with Long Term Charter Contracts in Germany

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Energos Infrastructure (APO) completes acquisition of two state-of-the-art FSRUs from Dynagas, becoming the largest owner and operator of LNG marine infrastructure vessels in Europe.
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New Fortress Energy Adds 1.6 GW, 15-year Contracted Power Asset to Existing Brazilian Infrastructure Portfolio

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New Fortress Energy Inc. (NASDAQ: NFE) is acquiring a 1.6 GW Capacity Reserve Contract in Brazil from CEIBA Energy, adding over $280 million of annual fixed capacity payments under a 15-year contract. The acquisition positions NFE as a leading LNG-to-power company in Brazil, aligning with its strategy of organic growth through existing LNG terminals and accretive infrastructure projects. The transfer of the PPA to NFE's existing LNG terminals is expected to reduce costs and generate incremental earnings. NFE expects the transaction to close in March 2024, with project cash flows beginning no later than July 2026.
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New Fortress Energy Announces Third Quarter 2023 Results

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New Fortress Energy Inc. (Nasdaq: NFE) reported Q3 2023 financial results with Adjusted EBITDA of $208 million, net income of $62 million, and Adjusted EPS of $0.30. Achievements include milestones in Puerto Rico, FLNG asset completion, FSRU charter, and power plant construction progress. The company expects increased earnings and reduced capex in Q4 2023, with $1 billion in non-core asset sales for deleveraging.
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New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023

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New Fortress Energy Inc. (NASDAQ: NFE) has secured definitive agreements with BNDES, Lumina Capital Management, and BTG Asset Management to fund up to $575 million in asset-based financing for the completion of their 630 MW Barcarena power plant. The plant is on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement with Brazilian electricity distribution companies.
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New Fortress Energy Signs FSRU Charter to Start Operations of LNG Import Terminal in Santa Catarina, Brazil in January 2024

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New Fortress Energy (NASDAQ: NFE) has signed a definitive agreement to charter the Floating Storage and Regasification Unit (FSRU) Energos Winter from Petrobras. The FSRU will be deployed to NFE's LNG import terminal in Santa Catarina, Brazil, which will start operations ahead of schedule in January 2024. The agreement allows NFE to commence commercial operations and ensures uninterrupted service on a long-term basis.
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New Fortress Energy Announces Closing of $856 Million Term Loan

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New Fortress Energy Inc. (NASDAQ: NFE) has closed its $856 million senior secured term loan credit facility due 2028. The loan will bear interest at SOFR + 5.00% per annum and includes a prepayment option. The company plans to use the net proceeds from the offering, along with cash on hand, to invest in projects and repay its existing bridge facility.
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Golar LNG Partners LP Series A Preferred Cash Distribution

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Golar LNG Partners LP, a subsidiary of New Fortress Energy Inc., has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2023, through November 14, 2023.
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New Fortress Energy Schedules Third Quarter 2023 Earnings Release and Conference Call

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New Fortress Energy Inc. (NASDAQ: NFE) will announce its Q3 2023 financial results on November 8th, 2023. A conference call will be held at 8:00 A.M. Eastern Time.
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New Fortress Energy Places 200+ MW In Service in Puerto Rico and Completes Final Sailaway for FLNG 1

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New Fortress Energy announces the placement into service of its second U.S. government sponsored power plant in Puerto Rico. The facility in San Juan has a capacity of 200+ MW and operates under a 2-year contract. Both power installations operate under multi-year contracts with the U.S. government. NFE has also reached a significant milestone in its infrastructure development portfolio with the sailing away of the third and final rig of FLNG 1. NFE is at an inflection point as its core infrastructure projects enter service. The projects are expected to contribute significantly to downstream volumes and terminal earnings beginning in Q4 2023.
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FAQ

What is the current stock price of New Fortress Energy (NFE)?

The current stock price of New Fortress Energy (NFE) is $9.51 as of November 21, 2024.

What is the market cap of New Fortress Energy (NFE)?

The market cap of New Fortress Energy (NFE) is approximately 2.3B.

What does New Fortress Energy Inc. do?

New Fortress Energy Inc. provides clean, reliable, and affordable natural gas solutions through its end-to-end logistics and infrastructure services.

Where is NFE's first LNG liquefaction plant located?

NFE's first LNG liquefaction plant is located in Miami, Florida.

What industries does New Fortress Energy serve?

NFE serves a variety of industries including aerospace, marine, transportation, and power.

Has NFE received approval to export natural gas?

Yes, NFE received approval to export natural gas to non-FTA countries and successfully shipped the first LNG from the U.S. lower-48 states.

What are the primary segments of NFE's operations?

The primary segments of NFE's operations are Terminals and Infrastructure (T&I) and Ships.

How does New Fortress Energy ensure a long-term gas supply?

NFE uses floating, liquefied natural gas vessels to secure a long-term gas supply for its terminals.

What is NFE's role in the energy sector?

NFE is dedicated to transforming the energy landscape by providing cleaner and more affordable natural gas solutions.

What makes NFE's Miami plant significant?

NFE's Miami plant is significant due to its comprehensive rail and truck operations, on-dock rail access, and its role in the transition from oil to natural gas.

What recent achievements has NFE accomplished?

Recent achievements include exporting the first LNG shipment from the U.S. lower-48 states and forming long-term partnerships to expand natural gas access.

How does NFE contribute to environmental sustainability?

NFE contributes to environmental sustainability by providing cleaner and more environmentally friendly natural gas as an energy source.

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New Fortress Energy Inc.

Nasdaq:NFE

NFE Rankings

#1882 Ranked by Market Cap
#692 Ranked by Dividends

NFE Stock Data

2.31B
144.45M
42.55%
53.62%
12.84%
Utilities - Regulated Gas
Natural Gas Distribution
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