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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

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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Electric Hydrogen to Supply Electrolyzer Technology for one of North America’s Largest Green Hydrogen Facilities

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Electric Hydrogen Co. (EH2) and New Fortress Energy Inc. (NASDAQ: NFE) have entered into an agreement for the supply of EH2's 100 MW electrolyzer system to NFE's green hydrogen project in Texas. The facility is expected to produce nearly 50 tons per day of green hydrogen, with first production expected in Q4 2024 and full commercial operation in 2025. The site and facility are scalable to 200 MWs in the future. EH2's innovative electrolysis technology and modular plant architecture aim to reduce costs and complexity. The electrolyzer stacks are being manufactured in Massachusetts, with balance-of-plant modules fabricated in Texas. NFE sees this partnership as an opportunity to be an early mover in the market and decarbonize hard-to-abate sectors.
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New Fortress Energy Announces Second Quarter 2023 Results

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New Fortress Energy Inc. (Nasdaq: NFE) reported strong financial results for Q2 2023, with adjusted EBITDA of $246 million, net income of $120 million, and adjusted EPS of $0.58. The company achieved several milestones, including managing PREPA's thermal power plants in Puerto Rico and installing 350 MW of gas-fired power. They expect an increase in earnings and a decrease in capex in the second half of 2023 through 2024, with a focus on operations, cash generation, and deleveraging.
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Golar LNG Partners LP Series A Preferred Cash Distribution

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

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New Fortress Energy Inc. (NASDAQ: NFE) plans to announce its financial results for the second quarter 2023 on Tuesday, August 8th, 2023. The press release and earnings supplement will be available on the company's website. A conference call will also be hosted, with details for access provided.
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Ocean Point Terminals Announces Arrival of First LNG Carrier and Start of New Business Line

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New Fortress Energy Receives Mexico Export Authorization For Altamira Fast LNG Project

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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 $15.92 as of January 23, 2025.

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

The market cap of New Fortress Energy (NFE) is approximately 4.4B.

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

#1395 Ranked by Market Cap
#1223 Ranked by Dividends

NFE Stock Data

4.37B
160.15M
40.04%
50.49%
13.59%
Utilities - Regulated Gas
Natural Gas Distribution
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