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) will release its financial results for Q2 2022 on August 4, 2022, at 8:00 A.M. Eastern Time. Interested parties can access the earnings release on the company's website. A conference call will follow the announcement, providing insights into the results. Investors can dial in using specific numbers depending on their location, and a webcast will also be available for public listening. New Fortress Energy focuses on addressing energy poverty by providing reliable and clean energy solutions globally.
New Fortress Energy (NFE) has announced a strategic agreement with Comisión Federal de Electricidad (CFE) aimed at enhancing energy security in Mexico. Key components include expanding natural gas supply to CFE plants, selling NFE's 135 MW La Paz power plant to CFE, and establishing a new LNG hub off Altamira's coast. These developments are expected to improve system reliability and lower energy costs. The partnership is supported by Mexican President Andrés Manuel López Obrador and aims to promote cleaner energy solutions.
New Fortress Energy (NASDAQ: NFE) has entered a strategic partnership with Pemex to jointly develop the Lakach deepwater natural gas field. This partnership, supported by Mexican President López Obrador, aims to supply natural gas to Mexico's onshore market while NFE will liquefy gas for global export. Over two years, NFE plans to invest in developing seven offshore wells and deploying a 1.4 MTPA FLNG unit. The Lakach field holds 1.1 Tcf of gas and, along with nearby fields, has a total resource potential of 3.3 Tcf, guaranteeing about ten years of production.
New Fortress Energy (NASDAQ: NFE) and Apollo (NYSE: APO) announced a definitive agreement to sell 11 LNG infrastructure vessels for approximately
New Fortress Energy (NASDAQ: NFE) has entered into a definitive Share Purchase Agreement with Eneva S.A. for the sale of the Porto de Sergipe Power Plant for R$6.1 billion (approximately $1.29 billion USD). This acquisition includes 100% of the equity interests of the plant and its expansion rights, with an implied enterprise value of roughly R$10.2 billion ($2.16 billion USD). The transaction is expected to close in the second half of 2022, pending approvals, and will generate approximately $550 million in proceeds for NFE.
New Fortress Energy (NFE) has entered into a 5-year binding agreement to charter a floating storage and regasification unit (FSRU) for N.V. Nederlandse Gasunie. This agreement, starting in Q3 2022, aims to enhance LNG import capacity at the Eems Energy Terminal in the Netherlands, adding approximately 8 bcm/year of regasification capacity. This initiative supports energy security in the Netherlands and reduces reliance on Russian gas, coinciding with the U.S.-EU Task Force's efforts to bolster energy supplies.
New Fortress Energy reported Q1 2022 results with a net cash flow from operations of $114 million and a net income of $241 million, resulting in $1.13 EPS on a fully diluted basis. Adjusted EBITDA was approximately $258 million, maintaining a target of over $1 billion for full-year 2022. The company announced a $0.10 per share dividend, effective June 28, 2022. It has executed long-term LNG agreements and is advancing multiple strategic initiatives, including projects for Fast LNG and green hydrogen.
New Fortress Energy Inc. (NASDAQ: NFE) announced that the U.S. Coast Guard has confirmed the completeness of its deepwater port license application. This project, known as New Fortress Energy Louisiana FLNG, aims to construct an offshore natural gas export facility off Grand Isle, Louisiana, allowing for the export of approximately 145 billion cubic feet of natural gas annually. NFE plans to operate this facility by Q1 2023, supporting energy supply to Europe and addressing energy poverty.
New Fortress Energy Inc. (NASDAQ: NFE) has announced a cash distribution of $0.546875 per unit for its 8.75% Series A Cumulative Redeemable Preferred Units. This distribution covers the period from February 15, 2022 to May 15, 2022 and will be paid on May 16, 2022. The record date for unitholders is May 9, 2022. New Fortress Energy focuses on addressing energy poverty and enhancing global energy security through its natural gas infrastructure and logistics assets.
New Fortress Energy Inc. (NASDAQ: NFE) will release its first quarter 2022 financial results on May 5, 2022, before 8:00 A.M. Eastern Time. Following the announcement, a conference call will be held at the same time, accessible via phone or a public webcast. A replay of the call will be available until May 12, 2022. New Fortress Energy is focused on addressing energy poverty and facilitating the shift to clean energy through its global natural gas and LNG infrastructure.
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