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.
New Fortress Energy Inc. (NASDAQ: NFE) has initiated a secondary public offering of 6,900,000 shares of its common stock, representing about 3.3% of its outstanding shares. The shares are being sold by Energy Transition Holdings LLC, managing approximately 21.3% of its holdings as of December 13, 2022. The company will not receive any proceeds from this offering, which is underwritten by J.P. Morgan. Investors are advised to refer to the filed prospectus for detailed information about the offering.
New Fortress Energy (NASDAQ: NFE) has updated its dividend policy to target an annual cash dividend of around 40% of its Adjusted EBITDA. A dividend of
New Fortress Energy (NASDAQ: NFE) has finalized agreements with Mexico's state-owned Pemex to develop an integrated natural gas project off the coast of Veracruz. This partnership, endorsed by President Andrés Manuel López Obrador, aims to develop the Lakach deepwater natural gas field, with NFE investing in the completion of seven offshore wells over two years. The Lakach field is anticipated to produce natural gas at some of the lowest costs globally, contributing approximately 7.0 MTPA to global LNG capacity additions by 2024.
New Fortress Energy Inc. (NFE) reported third-quarter 2022 financial results, showcasing an Adjusted EBITDA of $291 million and a net income of $56 million. The company projected a notable increase in its 2023 Adjusted EBITDA goal to over $2.5 billion, driven by the upcoming deployment of its Fast LNG units. NFE also announced a dividend of $0.10 per share. Significant agreements were made with CFE in Mexico, including a new FLNG hub and a sale of the La Paz power plant. The company continues to enhance its LNG supply portfolio, aiming for a total capacity of approximately 9.5 mtpa by 2024.
New Fortress Energy (NASDAQ: NFE) announced an increase in its full-year 2022 Adjusted EBITDA goal to
New Fortress Energy (NFE) has finalized agreements with Mexico's Comisión Federal de Electricidad (CFE), enhancing their strategic alliance supported by President Andrés Manuel López Obrador. The agreements include expanding NFE's natural gas supply to CFE's power plants in Baja California Sur, selling its 135 MW La Paz power plant to CFE, and establishing a new floating LNG hub off Altamira, Tamaulipas. NFE plans to deploy multiple FLNG units and anticipates the delivery of its first unit by mid-2023, contributing to cleaner energy production and reduced emissions.
New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per unit for its Series A Cumulative Redeemable Preferred Units. This distribution covers the period from August 15, 2022 to November 14, 2022, with payment scheduled for November 15, 2022. The record date for unitholders is November 7, 2022. This move underscores New Fortress Energy's commitment to delivering value to its investors.
New Fortress Energy Inc. (NASDAQ: NFE) will announce its third quarter 2022 financial results on November 8, 2022, at 8:00 A.M. Eastern Time. The press release and earnings supplement will be available on the company’s website. Following this, management will host a conference call accessible via phone and a public webcast. This event aims to provide insights into the company’s financial performance and strategies in the energy sector.
New Fortress Energy (NASDAQ: NFE) announced the successful closing of the CELSE Power Plant sale to Eneva S.A., marking a key transaction following the initial announcement on June 1, 2022. This move, alongside Ebrasil Energia Ltda, simplifies NFE's capital structure and is aimed at achieving an investment grade credit rating. Proceeds will fund its Fast LNG program and other LNG projects globally. The sale also allows NFE to pay off debts, while Eneva will assume CELSE's obligations. Energos Infrastructure, a joint venture with Apollo (NYSE: APO), will continue operating the Golar Nanook for CELSE.
New Fortress Energy (NASDAQ: NFE) will host an FLNG Investor Day at Kiewit Offshore Services shipyard in Corpus Christi, Texas, on November 2, 2022, at 10:00 A.M. Central Time. The event aims to showcase NFE's Fast LNG program and ongoing marine infrastructure conversions. NFE anticipates mechanical completion of its first FLNG unit by March 2023, with operations expected by mid-year. Space is limited, requiring interested parties to register by September 30, 2022. NFE focuses on global energy infrastructure to support energy security and economic growth.
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