New Fortress Energy(US:NFE) 智通财经网·2025-09-16 23:18Core Insights - New Fortress Energy (NFE.US) has secured a seven-year liquefied natural gas (LNG) supply agreement worth $4 billion to supply LNG to Puerto Rico, providing a significant boost to the financially struggling company [1] - The company's stock surged by 44.93% to $2.00, marking a 45% increase, while its bonds also rose following the announcement of the contract [1] - The agreement, which comes after months of turbulent negotiations, is crucial for Puerto Rico's energy needs, which heavily rely on imported energy [1] Agreement Details - The contract still requires final approval from the Financial Oversight and Management Board (FCB), which oversees Puerto Rico's financial situation [1] - The agreement includes a three-year extension and a clause allowing the government to use the LNG terminal in San Juan if New Fortress Energy fails to deliver fuel [1] Company Challenges - New Fortress Energy has been struggling to achieve profitability and faces a debt crisis, exacerbated by delays in LNG export facilities in Mexico and uncertainties from Puerto Rico [1] - The company recently divested its LNG assets in Jamaica, raising concerns about the profitability of its remaining LNG assets in the Americas [2] - Prior to the contract announcement, New Fortress Energy's creditors were preparing for confidential debt negotiations [2]