New Fortress Energy Inc. NFE

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived Nasdaq

The Company did not make certain interest and principal payments that were due during the fiscal quarters ended December 31, 2025 and March 31, 2026 on (i) the 12.000% Senior Secured Notes due 2029 (the "New 2029 Notes") issued by NFE Financing LLC, an indirect subsidiary of the Company ("NFE Financing"), (ii) the Company's Credit Agreement, dated as of July 19, 2024 (the "Term Loan A Credit Agreement"), (iii) the Company's Credit Agreement, dated as of October 30, 2023 (the "Term Loan B Credit Agreement"), (iv) the Company's Credit Agreement, dated as of April 15, 2021 (the "Revolving Credit Agreement"), and (iv) the EB-5 Loan Agreement (as defined herein), and events of default arose under these debt agreements upon the expiration of contractual grace periods. Additionally, the Company did not make interest and principal payments that were due on March 15 and March 31, 2026, respectively, on (a) the 6.500% Senior Secured Notes due 2026 issued by the Company (the "2026 Notes") and (b) the 8.750% Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), which will result in events of default under each series of notes on April 15 and April 30, 2026, respectively. The indentures and credit agreements underlying substantially all of our outstanding debt includes cross-acceleration and/or cross-default provisions that upon such acceleration of the outstanding principal of any of the debt in default, all of the Company's other outstanding debt would be payable on demand.

Last close 3.48 2026-10-23
Market cap $994.0M 2026-06-30 share count
52-week range 0.25 - 17.50

Valuation FY2025 figures against the last close

P/S0.8x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.3%
Diluted EPS-6.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.18B$1.70B$2.06B$1.98B$930.8M$318.3M$145.5M$96.9M$82.1M—
Cost of revenue $918.6M$1.07B$879.2M$1.01B$616.0M$278.8M$183.4M$95.7M$78.7M—
Gross profit $260.9M$632.3M$1.18B$968.2M$314.8M$39.5M-$37.9M$1.2M$3.4M—
SG&A $307.4M$293.4M$203.4M$236.1M$199.9M$120.1M$152.9M$62.1M$33.3M—
Total operating expenses $2.62B$1.83B$1.45B$1.63B$1.08B$607.0M$376.4M$170.8M$122.3M—
Operating income -$1.12B$528.5M$935.7M$737.4M$238.9M-$155.4M-$187.3M-$58.5M-$25.0M—
Interest expense $777.8M$316.3M$284.0M$236.9M$154.3M$65.7M$19.4M$11.2M$6.5M—
Pre-tax income -$1.77B-$174.2M$651.2M$61.3M$105.2M-$259.1M-$203.9M-$78.5M-$31.1M—
Income tax $61.4M$70.3M$103.0M$123.4M$12.5M$4.8M$439.0K$338.0K$526.0K—
Net income -$1.83B-$244.5M$548.2M$184.8M$92.7M-$182.1M-$33.8M-$78.1M-$31.7M—
EPS, basic -6.63-1.252.660.930.49-1.71-1.62———
EPS, diluted -6.63-1.262.650.930.47-1.71-1.62———
Shares, diluted (wtd. avg.) 278.5M218.6M206.5M209.9M201.7M106.7M20.9M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $551.1M$133.0M$155.4M$855.1M$264.0M$629.3M$93.0M$100.9M$118.3M$189.1M
Receivables $270.1M$403.9M$343.0M$280.3M$208.5M$76.5M$49.9M$28.5M——
Inventory $74.0M$141.7M$116.2M$39.1M$37.2M$22.9M$63.4M$16.0M——
Total current assets $1.49B$1.11B$982.8M$1.39B$584.9M$762.0M$211.1M$153.8M——
Goodwill $15.9M$793.1M$793.1M$776.8M$760.1M$0————
Other intangibles $194.8M$207.7M$51.8M$85.9M$142.9M$46.1M$43.5M$43.1M——
Total assets $12.02B$11.40B$10.51B$7.71B$6.88B$1.91B$1.12B$699.4M——
Accounts payable $579.8M$573.0M$546.2M$80.4M$68.1M$21.3M$11.6M$43.2M——
Short-term debt $7.07B$539.1M$292.6M$64.8M$97.3M$0$0$272.2M——
Total current liabilities $2.23B$1.56B$1.70B$1.41B$562.5M$191.2M$102.3M$404.8M——
Long-term debt $7.81B$7.39B$6.51B$4.48B$3.76B$1.24B$619.1M$0——
Total liabilities $10.60B$9.62B$8.74B$6.26B$4.88B$1.53B$736.5M$416.8M——
Retained earnings -$528.9M$450.1M$527.3M$62.1M-$132.4M-$229.5M-$45.8M-$158.4M——
Total equity $1.26B$1.56B$1.64B$1.44B$1.99B$375.1M$387.3M$282.6M$278.9M$289.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$583.4M$602.2M$818.6M$355.1M$84.8M-$125.6M-$234.3M-$93.2M-$54.9M—
Depreciation and amortisation $242.3M$159.3M$161.4M$143.6M$99.5M$33.3M$8.6M$4.0M$3.2M—
Stock-based compensation $14.5M$50.6M$1.6M$30.4M$37.0M$8.7M$41.2M$0$0—
Capital expenditure $650.8M$2.13B$2.92B$1.17B$669.3M$157.0M$377.1M$181.2M$28.7M—
Investing cash flow $465.8M-$1.58B-$2.79B-$82.7M-$2.27B-$157.6M-$376.2M-$184.5M-$29.9M—
Financing cash flow -$543.6M$1.72B$1.43B$322.0M$1.82B$819.5M$602.6M$260.2M$14.0M—
Dividends paid $3.5M$65.3M$724.0M$99.0M$88.8M$33.7M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001749723-26-000082.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B -1B 0 1B 2B 3B Revenue, FY2017: 82.1M Gross profit, FY2017: 3.4M Net income, FY2017: -31.7M Revenue, FY2018: 96.9M Gross profit, FY2018: 1.2M Net income, FY2018: -78.1M Revenue, FY2019: 145.5M Gross profit, FY2019: -37.9M Net income, FY2019: -33.8M Revenue, FY2020: 318.3M Gross profit, FY2020: 39.5M Net income, FY2020: -182.1M Revenue, FY2021: 930.8M Gross profit, FY2021: 314.8M Net income, FY2021: 92.7M Revenue, FY2022: 2B Gross profit, FY2022: 968.2M Net income, FY2022: 184.8M Revenue, FY2023: 2.1B Gross profit, FY2023: 1.2B Net income, FY2023: 548.2M Revenue, FY2024: 1.7B Gross profit, FY2024: 632.3M Net income, FY2024: -244.5M Revenue, FY2025: 1.2B Gross profit, FY2025: 260.9M Net income, FY2025: -1.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $82.1M $96.9M $145.5M $318.3M $930.8M $1.98B $2.06B $1.70B $1.18B
Gross profit — $3.4M $1.2M -$37.9M $39.5M $314.8M $968.2M $1.18B $632.3M $260.9M
Net income — -$31.7M -$78.1M -$33.8M -$182.1M $92.7M $184.8M $548.2M -$244.5M -$1.83B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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