Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $340 million for the quarter, aligning with estimates and tracking guidance for the year [1] - GAAP net income for the quarter was $54 million or $0.26 per share, but after adjusting for nonrecurring charges, net income was $138 million or $0.67 per share [89] Business Line Data and Key Metrics Changes - In Puerto Rico, the company has secured an 80 TBtu island-wide contract, increasing total contracts to 105 TBtu, which represents a significant portion of the island's energy needs [18][60] - In Brazil, the company has 12 MTPA of LNG import capacity and contracts for 2.2 gigawatts of power, leading to a projected $500 million contracted EBITDA on a run rate 2026 basis [32][42] Market Data and Key Metrics Changes - The company highlighted Brazil as a major opportunity, with a forecasted need for 20 gigawatts of firm power to be added to the grid by 2032, including 8 gigawatts to be auctioned this year [78] - The energy consumption and natural gas consumption per capita in Brazil lag significantly behind developed countries, indicating substantial growth potential [39] Company Strategy and Development Direction - The company aims to accelerate the transition from distillate fuels to natural gas in Puerto Rico, which is expected to save ratepayers $1 billion annually [19] - In Brazil, the company is focused on providing reliable power and flexible fuel supply to meet the growing energy demands, leveraging its LNG terminals [38][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects in Puerto Rico and Brazil, emphasizing the alignment of the company's strategy with public policy and economic needs [62] - The company anticipates significant growth in EBITDA, potentially doubling to nearly $1 billion by 2028 through its operations in Brazil [42][54] Other Important Information - The company is in the final stages of commissioning its FLNG unit, expecting the first cargo in June, which represents a significant operational milestone [55] - A recent incident involving a pipe fracture was reported, but it is expected to be repaired quickly without significant impact on operations [43] Q&A Session Summary Question: Can incremental Puerto Rico growth beyond the 80 TBtu contract be linked to liquid fuel pricing? - Management indicated that the current contract supports the transition and that future contracts may migrate to a Henry Hub index as the market evolves [72] Question: Thoughts on adjusted EBITDA performance and the impact of the FEMA contract? - Management noted that the settlement from the FEMA contract would primarily contribute to earnings, and the transition to gas is expected to occur rapidly [75] Question: What is the forecast for firm power needs in Brazil? - Management highlighted the Brazilian regulator's forecast for a need for 20 gigawatts of firm power by 2032, with ongoing capacity auctions [78]

New Fortress Energy Announces First Quarter 2024 Results May 8, 2024 NEW YORK -- New Fortress Energy Inc. (Nasdaq: NFE) ("NFE" or the "Company") today reported its financial results for the first quarter of 2024. Exhibit 99.1 111 W 19 Street, 8 Floor New York, NY 10011 th th We generated significant Funds from Operations per share of $0.92 on a fully diluted basis in the first quarter of 2024, the majority of which was generated by contracted downstream assets. (3) At the same time, we expect a significant ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission File Number: 001-38790 New Fortress Energy Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 83-1482060 (State or oth ...

New Fortress Energy Inc. (NASDAQ:NFE) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Wes Edens - Chairman, Chief Executive Officer Chris Guinta - Chief Financial Officer Brannen McElmurray - Managing Director Andrew Dete - Managing Director Chance Pipitone - Managing Director of Strategy, Investor Relations Conference Call Participants Chris Robertson - Deutsche Bank Sam Margolin - Wolfe Research Craig Shere - Tuohy Brothers Sherif Elmaghrabi - BTIG Ryan Levine - Citi Ope ...

Financial Performance - New Fortress Energy reported Adjusted EBITDA of $388 million for Q4 2023 and $1.3 billion for the full year 2023, reflecting significant operational growth[6]. - The company achieved a net income of $215 million in Q4 2023 and $549 million for the full year 2023, indicating strong profitability[6]. - Funds from Operations per share reached $1.36 in Q4 2023 and $3.56 for the full year 2023, more than doubling from 2022[6]. - Total revenues for Q4 2023 were $758,358,000, an increase from $514,462,000 in Q3 2023, representing a growth of approximately 47.4%[34]. - Operating income for Q4 2023 was $327,040,000, up from $157,438,000 in Q3 2023, indicating a significant increase of about 107.9%[34]. - Net income attributable to stockholders for Q4 2023 was $217,207,000, compared to $61,221,000 in Q3 2023, reflecting a growth of approximately 254.5%[34]. - Total revenues for 2023 reached $2,413,296, an increase of 1.1% compared to $2,368,272 in 2022[49]. - Operating income improved to $942,667 in 2023, up 27.8% from $737,380 in 2022[49]. - Net income attributable to stockholders was $547,882 in 2023, a significant increase of 182.2% from $194,479 in 2022[49]. - Cash flows from operating activities increased to $824,756 in 2023, compared to $355,111 in 2022[50]. Capital Expenditures and Investments - New Fortress Energy's Gross Capex peaked in 2023 at approximately $1.1 billion, with expectations to decline significantly starting in 2024[5]. - The company aims to achieve a gross capital expenditure goal, focusing on new projects and developments, excluding remaining capex related to FLNG 1[24]. - Capital expenditures for 2023 were $3,029,834, significantly higher than $1,174,008 in 2022[50]. - The company secured $700 million in financing for its second Fast LNG project in Altamira, Mexico, with construction expected to complete in Q1 2026[5]. Operational Developments - The company completed the Barcarena and Santa Catarina terminals in Brazil, which are expected to generate revenue starting March 2024[4]. - In Puerto Rico, two FEMA Power plants with a total capacity of 350 MW were installed, operating approximately 99% of the time since installation[4]. - The company has a total capacity of approximately 8.7 GW across thirty plants in five countries, positioning itself in high-growth regions[8]. - Management estimates a potential capacity of 8.7 GW, which is the maximum amount of power the company owns, manages, or supplies[26]. Future Outlook - New Fortress Energy aims to nearly double its Funds from Operations per share again in 2024, targeting approximately $6.00[7]. - The company plans to fund future projects through debt financing or partnerships, particularly for FLNG 3, 4, and 5[24]. Shareholder Returns - A dividend of $0.10 per share was approved by the Board of Directors, with a record date of March 15, 2024[7]. Financial Position - Total assets grew to $10,501,245 in 2023, up 36.3% from $7,705,082 in 2022[48]. - Current liabilities increased to $1,706,288 in 2023, compared to $1,409,238 in 2022, reflecting a rise of 21.1%[48]. - Long-term debt rose to $6,510,523 in 2023, an increase of 45.5% from $4,476,865 in 2022[48]. - The company reported a net cash decrease of $544,269 in 2023, compared to an increase of $591,053 in 2022[50]. - The weighted average number of shares outstanding decreased to 205,942,837 in 2023 from 209,501,298 in 2022[49]. Earnings Conference Call - The next earnings conference call is scheduled for February 29, 2024, at 8:00 A.M. Eastern Time[29].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number: 001-38790 New Fortress Energy Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 111 W. 19th Street, 8th Floor New York, NY 10011 (A ...

New Fortress Energy, Inc. (NASDAQ:NFE) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Chance Pipitone - Managing Director of Strategy and Investor Relations Wesley Edens - Chairman and Chief Executive Officer Christopher Guinta - Chief Financial Officer Andrew Dete - Managing Director of New Fortress Energy Brannen McElmurray - Chief Development Officer of New Fortress Energy Kenneth Nicholson - Director of Fortress Transportation and Infrastructure Investors LLC Conferenc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number: 001-38790 New Fortress Energy Inc. (Exact Name of Registrant as Specified in its Charter) (State or other ...

New Fortress Energy Inc. (NASDAQ:NFE) Q2 2023 Results Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Chance Pipitone - Managing Director of Strategy and Investor Relations Wesley Edens - Chairman and Chief Executive Officer Christopher Guinta - Chief Financial Officer Andrew Dete - Managing Director, New Business Ken Nicholson – Managing Director, Fortress Investment Group Conference Call Participants Chris Robertson - Deutsche Bank Michael Patterson - Morgan Stanley Cameron Lochrid ...

2020 2021 2022 2023(13) 2024(13) Mexico 150 3 9.53% 15.74% 26.17% 26.45% 21.74% Puerto Rico (Increased Capacity) 85 2 Barcarena 150 3 Santa Catarina 150 3 Nicaragua 150 3 Terminal capacity increasing >100% by YE 2024(13) ~18 MTPA of LNG terminal capacity by YE 2024(13) Rule of thumb: ~50 TBtu = 1 tonneCapacity Utilization Total 920 18 12 Capacity & Customers Continued growth in utilization & capacity drive earnings growth & quality Two pathways to accelerate growth: 1. increasing utilization & 2. entering n ...