New Fortress Energy Inc

Latest Results (17.05.2026):

New Fortress Energy Inc reported results for the second quarter of 2025 showing a significant net loss and weak near-term operating cash metrics: revenues of $301.7 million, a net loss of $557 million, adjusted EBITDA roughly negative $4 million, and diluted EPS of $(2.02). The company also reported substantial non‑cash impairments, a large one‑time gain on a prior asset sale in Jamaica, and a cash position of $821 million (of which $551 million was unrestricted) as of June 30, 2025.

Key financials

For the second quarter of 2025 New Fortress Energy Inc reported total revenues of $301.7 million, adjusted EBITDA of approximately $(4) million (reconciliation shows $(3.7) million), a net loss of $556.8 million (rounded to $557 million), and diluted EPS of $(2.02).

Impairments and one‑time items

The company disclosed significant non‑cash impairments of assets and goodwill totaling $699 million and reported a gain on sale of its Jamaican operations of $473 million; the condensed statements also show an asset impairment expense line of $117.3 million for the quarter.

Segment performance

Segment margins in Q2 2025 were weak overall: Terminals & Infrastructure segment operating margin was reported at approximately $(7.2) million, Ships segment operating margin was about $32.2 million, and total segment operating margin was ~$25.0 million.

Liquidity and balance sheet highlights

As of June 30, 2025 the company had total cash of roughly $821 million, with $551 million unrestricted. Balance sheet snapshots show substantial debt balances (current and long‑term) and the company has initiated a process to evaluate strategic alternatives to improve its capital structure.

Operational and commercial updates

Operationally, FLNG 1 performed at or above nameplate capacity for the quarter (excluding scheduled maintenance). The company has begun commissioning the 624 MW CELBA plant and expects it to be operational before year‑end 2025. PortoCem in Brazil is reported over 70% complete, on time and on budget and fully funded at the asset level. NFE has been optimizing its shipping portfolio with multi‑year charters for several vessels.

Contract negotiations and outlook items

NFE is negotiating a long‑term gas sale agreement with PREPA in Puerto Rico (extending the island‑wide GSA weekly during talks), is in active dialogue with FEMA and the U.S. Army Corps of Engineers on a Request for Equitable Adjustment related to temporary power in Puerto Rico, and expects potential commercial improvements and liquidity actions (including possible asset sales, refinancing or other transactions) by the end of 2025.