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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) 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].