New Fortress Energy LLC Class A Stock News

LNG shipping faced oversupply and declining spot rates in 2024, impacting traditional seasonal growth patterns and leading to weaker-than-expected performance. Top gainers like Excelerate Energy and Dynagas LNG Partners benefited from strategic moves, while decliners like Cool Company and Awilco LNG struggled with spot market challenges.

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2024 through February 14, 2025. This will be payable on February 18, 2025 to all Series A preferred unitholders of record as of February ...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced the execution of a 20-year gas supply agreement (“GSA”) with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico, located adjacent to NFE's existing San Juan LNG import terminal. The Energiza power plant will be the first power plant constructed i...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) has executed a 10 year charter agreement for the Energos Eskimo, a 160,000 m3 floating storage and regasification unit, with the Egyptian Natural Gas Holding Company (“EGAS”). The Eskimo will be deployed to EGAS' LNG import terminal located at Ain Sokhna, Egypt and is expected to begin operations in the s...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the Company's outstanding senior secured notes maturing in 2026 and 2029. This transaction is the second and final step of the Company's $2.7 billion issuance of new s...

Extremely cold winters can lead to demand spikes, and cause prices to rise.

The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energ...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the first step of the Company's $2.7 billion issuance of new senior secured notes due 2029 (the “Transaction”). The Transaction will be completed in two steps; the first step completed was the funding of $1.2 billion new senior secured notes. The second step will b...