Shares of New Fortress Energy (NFE 8.25%) jumped on Wednesday, finishing the day up 8% as of 3:18 p.m. ET, and they had gained as much as 42.5% earlier in the day.
Puerto Rico has negotiated a $4 billion liquefied natural gas contract with New Fortress Energy , Governor Jenniffer Gonzalez said on Tuesday in a post on social media.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it has reached agreement on contract terms with the Third-Party Procurement Office (“3PPO”) and the Puerto Rico Public-Private Partnerships Authority (“P3A”) for the long-term supply of liquefied natural gas (“LNG”) to Puerto Rico. The contract is currently under review for approval by the Fin...
New Fortress Energy (NFE -36.73%) stock is getting crushed in Monday's trading. The liquified natural gas (LNG) company's share price was down 37.6% as of 12:15 p.m.
New Fortress Energy reported disastrous Q2 results well below consensus expectations with negative Adjusted EBITDA and record cash outflows from operations. Assuming no major increase in LNG cargo sales, the recent sale of the Jamaica business will result in Q3 results to be even worse. Adding insult to injury, the company warned of imminent debt covenant violations.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2025. Adjusted EBITDA(1) of $(4) million in the second quarter of 2025 Net loss of $557 million in the second quarter of 2025 Significant non-cash impairments of assets and goodwill totaling $699 million Gain on sale of our Jamaican operations...
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