Financial Data and Key Metrics Changes - The company reported $313 million in EBITDA for Q4 2024, representing a roughly 50% increase over previous guidance [5][10] - Total EBITDA for the full year 2024 was confirmed at $950 million, with guidance for 2025 set at $1 billion [5][121] - The total segment operating margin for Q4 was $240 million, with an annual margin of just under $1.1 billion [101] Business Line Data and Key Metrics Changes - The FLNG asset was highlighted as a significant contributor to earnings, with volumes allowing for portfolio optimization and significant returns [10][22] - The company achieved approximately 120% of nameplate capacity for the FLNG one asset, shipping twelve cargoes totaling approximately 24 TBtu [22][25] - The company is focused on long-term growth in core markets and asset sales for deleveraging [11][12] Market Data and Key Metrics Changes - The company noted excess gas supply versus current base demand, with significant incremental demand expected in core markets over the next few years [14][18] - The upcoming Brazilian capacity auction is anticipated to award between 10 to 15 gigawatts of new and existing power projects, representing a significant growth opportunity [62][64] Company Strategy and Development Direction - The company aims to grow EBITDA by 50% or more over the next two years with minimal CapEx while reducing outstanding debt [8][12] - The strategy includes deleveraging and simplifying the capital structure while reducing debt costs [13][94] - The company is positioned to capitalize on the gas-to-power market opportunities in Puerto Rico and Brazil, with significant potential for growth [36][62] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for 2025 and beyond, emphasizing the sustainable competitive advantage of their integrated gas-to-power business [5][7] - The geopolitical environment, particularly regarding the Ukraine-Russia conflict, was noted as a factor that could impact market conditions [17] - Management highlighted the importance of operational excellence and community engagement in their projects, particularly in Mexico [24][25] Other Important Information - The company has made significant progress in capital markets activities, raising $409 million in new equity and extending a $900 million revolver to October 2027 [12][93] - The company is focused on asset sales, with expectations to generate $2 billion in net proceeds to pay down corporate debt [94] Q&A Session Summary Question: What is the status of asset sales? - The company is focused on deleveraging through asset sales, with Jamaica being the first asset targeted for sale, generating about $125 million in EBITDA [112][114] Question: How is the company engaging with FEMA? - The company has had productive interactions with FEMA and the Army Corps, focusing on understanding the nature of their business and the gas supply contracts [116][118] Question: What updates are there on the Klondike project? - The company is awaiting building permits for the Klondike project in Pennsylvania, with expectations for good news later this year [120]

New Fortress Energy (NFE) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 116.67%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.05, delivering a surprise of 400%.Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Date of Report (Date of earliest event reported): January 28, 2025 New Fortress Energy Inc. PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Delaware 001-38790 83-1482060 111 W. 19th Street, 8th Floor New York, NY 10011 (Address of P ...

New Fortress Energy (NFE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the st ...

NEW YORK, Nov. 18, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE).Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=112080&from=4CLASS PERIOD: Decemb ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased New Fortress securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 18, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [5]. - Specifically, the FLNG 1 project was not operational by the promised March 2024 date, leading to losses of approximately $150 million per quarter due to delays, despite continued public confidence from the defendants [5].

RADNOR, Pa., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in United States District Court for the Southern District of New York against New Fortress Energy Inc. (“New Fortress”) (NASDAQ: NFE) on behalf of investors who purchased or otherwise acquired New Fortress securities between December 12, 2022 and August 8, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is No ...

NEW YORK, Nov. 14, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE).Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=111745&from=4 CLASS PERIOD: Decem ...

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of New Fortress Energy Inc. (NASDAQ: NFE) between February 29, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of the important November 18, 2024 lead plaintiff deadline. SO WHAT: If you purchased New Fortress securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

RADNOR, Pa., Nov. 13, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against New Fortress Energy Inc. ("New Fortress") (NASDAQ: NFE) on behalf of investors who purchased or otherwise acquired New Fortress securities between December 12, 2022 and August 8, 2024, inclusive (the "Class Period") The lead plaintiff deadline is November 18, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered ...