Natural Gas and LNG
Search documents
New Fortress Energy (NFE) Plunged by Over 23% This Week. Here is Why
Yahoo Finance· 2026-02-03 14:07
Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) experienced a significant decline in share price, dropping by 23.56% within a week, primarily due to financial restructuring efforts amid mounting debt [1][3]. Company Overview - New Fortress Energy Inc. operates natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets, to provide energy solutions globally [2]. Financial Restructuring - The company is working on a proposed restructuring support agreement that would allow creditors to receive preferred equity in a reorganized entity. Bondholders are expected to gain control of assets in Brazil, while term loan lenders would recover value through the FLNG 1 liquefied natural gas facility off Mexico's coast [3]. - The reorganization plan is set to occur in the United Kingdom, and the company's common shares will not be canceled, although terms may change as the situation evolves [4].
Here is Why New Fortress Energy (NFE) Fell This Week
Yahoo Finance· 2026-01-02 16:18
Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) is experiencing significant financial challenges, leading to a decline in its share price and a downgrade in its credit rating by S&P [1][3]. Financial Performance - The share price of New Fortress Energy fell by 5.98% from December 23 to December 30, 2025, marking it as one of the energy stocks that lost the most during that week [1]. - The company has been facing mounting debt, with a total outstanding debt of $6.6 billion [4]. Credit Rating and Liquidity - S&P downgraded New Fortress Energy's issuer credit rating from 'CCC-' to 'SD' (Selective Default) on December 23, reflecting concerns over the company's liquidity, which was assessed as 'weak' [3]. - The downgrade followed the company's announcement of entering a forbearance agreement with lenders after missing interest payments and indicating it would not make principal payments due at year-end [3][4]. Debt Restructuring - The forbearance agreement with lenders is set to expire on January 9, after which lenders may demand immediate payment of the outstanding debt, potentially leading to a restructuring [4]. - S&P anticipates that a debt restructuring that equates to a default is likely to occur within the next few weeks [4].
S&P Downgrades New Fortress Energy (NFE) Amid Financial Troubles
Yahoo Finance· 2025-12-26 04:35
Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) is facing significant financial challenges, including a recent downgrade by S&P and a failure to make scheduled interest payments, which may lead to a restructuring or bankruptcy [2][4][5]. Financial Performance - The share price of New Fortress Energy fell by 11.54% between December 17 and December 24, 2025, marking it as one of the energy stocks that lost the most during that week [1]. - S&P downgraded New Fortress Energy's issuer credit rating from 'CCC-' to 'SD' (Selective Default) on December 23, indicating severe financial distress [5]. Recent Developments - Earlier in December, New Fortress Energy secured final approval for a 7-year LNG agreement with Puerto Rico, which was seen as a positive development amid ongoing financial negotiations [3]. - However, the company disclosed on December 17 that it failed to make a scheduled interest payment due on December 10, 2025, and does not plan to make principal payments due at year-end [4]. Debt Situation - New Fortress Energy has entered into a forbearance agreement with certain lenders that will expire on January 9, 2026, after which lenders could demand immediate payment, potentially forcing the company into restructuring [4]. - S&P has assessed the company's liquidity as 'weak', suggesting that a debt restructuring that equates to a default is likely to occur within the next few weeks [5].
New Fortress Energy (NFE) Soars Following Final Approval of Puerto Rico LNG Agreement
Yahoo Finance· 2025-12-08 20:03
Core Viewpoint - New Fortress Energy Inc. (NASDAQ:NFE) experienced a significant share price increase of 28.69% from November 28 to December 5, 2025, following the final approval of a major LNG supply agreement with Puerto Rico [1][3]. Group 1: Company Developments - New Fortress Energy Inc. owns and operates natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets, to provide energy solutions globally [2]. - The company secured final approval on December 4 for a seven-year agreement with Puerto Rico to supply approximately 75 TBtu of natural gas, valued at an estimated $3.2 billion [3]. - The new agreement is less than the previously negotiated $4 billion deal from September but is crucial for the company amid ongoing restructuring efforts with creditors [4].
New Fortress Energy (NFE) Fell This Week. Here is Why.
Yahoo Finance· 2025-09-26 16:02
Core Insights - New Fortress Energy Inc. (NASDAQ:NFE) experienced a share price decline of 7.79% from September 18 to September 25, 2025, ranking it among the energy stocks that lost the most during that week [1] - The company operates natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets, to provide energy solutions globally [2] - Earlier in the month, NFE's share price surged over 110% following a $4 billion contract to supply LNG to Puerto Rico, which is a significant boost for the company amid its struggles with debt and profitability [3] - The recent drop in share price may be attributed to profit-taking by investors, especially after the company reported a dramatic decline in revenue and profitability for Q2 2025 [4]
New Fortress Energy (NFE) Continues to Gain Following Puerto Rico Agreement
Yahoo Finance· 2025-09-25 04:22
Core Insights - New Fortress Energy Inc. (NASDAQ:NFE) experienced a significant share price increase of 23% from September 16 to September 23, 2025, making it one of the top-performing energy stocks during that week [1] - The company has reached a seven-year, $4 billion agreement to supply LNG to Puerto Rico, which includes a three-year extension option, providing a crucial boost to its operations [3] - Despite the recent recovery, New Fortress Energy's stock has declined nearly 85% since the beginning of the year, indicating ongoing challenges in the market [4] Company Overview - New Fortress Energy Inc. specializes in owning and operating natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets to deliver energy solutions globally [2] - The recent agreement with Puerto Rico is seen as a pivotal development for the company, which has been facing issues such as mounting debt and delayed projects [3] Market Context - The surge in share price follows a period of significant decline, highlighting the volatility and challenges within the energy sector [1][4] - The company is compared to AI stocks, suggesting that while it has potential, other sectors may offer better investment opportunities with less risk [4]
New Fortress Energy (NFE) Rebounds Following Puerto Rico Deal
Yahoo Finance· 2025-09-18 18:43
Group 1 - New Fortress Energy Inc. (NFE) experienced a significant share price increase of 42.86% from September 9 to September 16, 2025, making it one of the top-performing energy stocks during that week [1] - The company specializes in owning and operating natural gas and LNG infrastructure, along with an integrated fleet of ships and logistics assets to provide energy solutions globally [2] - NFE's rebound followed the announcement of a $4 billion LNG contract with Puerto Rico, which is a 7-year agreement with an option to extend for three additional years, addressing the company's challenges related to debt and profitability [3] Group 2 - The LNG contract with Puerto Rico is pending approval from the Financial Oversight and Management Board of Puerto Rico, which is crucial for the agreement to take effect [3]
New Fortress Energy (NFE) Slumped Following Disastrous Q2 Results
Yahoo Finance· 2025-09-16 12:47
Company Overview - New Fortress Energy Inc. (NASDAQ:NFE) operates natural gas and LNG infrastructure along with an integrated fleet of ships and logistics assets to provide energy solutions globally [2]. Financial Performance - The company reported a significant decline in revenue and profitability in Q2 2025, leading to a plunge in share price [3]. - The share price fell by 46.53% between September 5 and September 12, 2025, and has decreased by over 90% since the beginning of 2025 [1][3]. Operational Challenges - New Fortress Energy warned that it may not meet all requirements in at least one of its revolving credit facilities for the current quarter, raising concerns about potential bankruptcy [3].