NASDAQ : NFE
New Fortress Energy Inc. — Financial statements
Energy · Oil & Gas Midstream · United States
Last price 3.79 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 61.86M
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Financial statements
New Fortress Energy Inc. (NFE) reported revenue of 1.27B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.15B | 1.38B | 2.20B | 2.31B | 2.34B | 1.16B |
| Other Revenue | 111.67M | 115.94M | 145.79M | 51.71M | 125.92M | |
| Revenue | 1.27B | 1.49B | 2.35B | 2.36B | 2.34B | 1.29B |
| Operations & Maintenance | 188.80M | 208.12M | 152.55M | 133.04M | 102.11M | 70.97M |
| Selling, General & Admin | 375.97M | 414.82M | 458.88M | 334.51M | 327.34M | 243.37M |
| Depreciation & Amortization | 181.00M | 203.51M | 158.79M | 161.42M | 142.64M | 98.38M |
| Other Operating Expenses | 798.86M | 848.21M | 951.26M | 836.05M | 986.34M | 626.54M |
| Total Operating Expenses | 1.54B | 1.67B | 1.72B | 1.47B | 1.56B | 1.04B |
| Operating Income | -277.98M | -182.34M | 626.71M | 899.24M | 777.37M | 248.29M |
| Interest Expense | -804.70M | -777.85M | -316.34M | -284.02M | -236.86M | -154.32M |
| Interest Income | 459.00K | 11.72M | 10.75M | 26.34M | 32.47M | 35.26M |
| Net Interest Expense | -804.24M | -766.12M | -305.59M | -257.68M | -204.39M | -119.06M |
| Income (Loss) on Equity Investments | 9.97M | -472.22M | 14.44M | |||
| Currency Exchange Gain (Loss) | -27.98M | -13.99M | 11.71M | |||
| Other Non-Operating Income (Expenses) | 94.57M | 161.59M | -116.00M | -10.41M | 48.04M | 8.90M |
| EBT Excluding Unusual Items | -1.02B | -800.87M | 216.82M | 641.12M | 148.80M | 152.56M |
| Total Merger & Restructuring Charges | -200.24M | -161.76M | -12.28M | -6.95M | -21.80M | -44.67M |
| Impairment of Goodwill | -15.94M | -598.11M | ||||
| Gain (Loss) on Sale of Investments | -7.22M | 8.25M | ||||
| Gain (Loss) on Sale of Assets | 199.69M | 670.94M | -80.21M | 27.98M | ||
| Asset Writedown | -799.60M | -860.87M | -16.49M | -10.96M | -50.66M | |
| Other Unusual Items | -3.44M | -19.94M | -274.85M | -15.00M | -10.97M | |
| Pretax Income | -1.84B | -1.77B | -174.23M | 651.20M | 61.35M | 105.17M |
| Income Tax Expense | 48.46M | 61.35M | 70.31M | 102.97M | -123.44M | 12.46M |
| Earnings From Continuing Ops. | -1.88B | -1.83B | -244.54M | 548.22M | 184.79M | 92.71M |
| Minority Interest in Earnings | -12.96M | -12.96M | -27.72M | -994.00K | 9.69M | 4.39M |
| Net Income | -1.90B | -1.84B | -272.26M | 547.23M | 194.48M | 97.10M |
| Preferred Dividends & Other Adjustments | 310.00K | 1.30M | 21.07M | |||
| Net Income to Common | -1.90B | -1.85B | -293.32M | 547.23M | 194.48M | 97.10M |
| Shares Outstanding (Basic) | 5.69M | 5.57M | 4.35M | 4.12M | 4.19M | 3.97M |
| Shares Outstanding (Diluted) | 5.69M | 5.57M | 4.37M | 4.13M | 4.20M | 4.03M |
| EPS (Basic) | -333.60 | -331.49 | -67.41 | 132.86 | 46.41 | 24.45 |
| EPS (Diluted) | -333.60 | -331.49 | -67.41 | 132.33 | 46.34 | 23.36 |
| Free Cash Flow | -758.36M | -1.23B | -1.53B | -2.10B | -818.90M | -584.58M |
| Free Cash Flow Per Share | -133.37 | -221.60 | -349.56 | -508.81 | -195.11 | -144.91 |
| Dividend Per Share | 15.00 | 170.00 | 20.00 | 20.00 | ||
| Profit Margin | -149.76% | -123.72% | -12.49% | 23.15% | 8.33% | 7.54% |
| Free Cash Flow Margin | -59.87% | -82.70% | -65.09% | -88.87% | -35.06% | -45.40% |
| EBITDA | -55.55M | 60.00M | 786.01M | 1.06B | 920.96M | 347.83M |
| EBITDA Margin | -4.39% | 4.02% | 33.47% | 44.86% | 39.43% | 27.02% |
| D&A For EBITDA | 222.43M | 242.35M | 159.30M | 161.42M | 143.59M | 99.54M |
| EBIT | -277.98M | -182.34M | 626.71M | 899.24M | 777.37M | 248.29M |
| EBIT Margin | -21.95% | -12.22% | 26.69% | 38.04% | 33.28% | 19.28% |
| Effective Tax Rate | 15.81% | 11.85% | ||||
| Revenue as Reported | 1.27B | 1.50B | 2.36B | 2.39B | 2.37B | 1.32B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 161.19M | 226.45M | 492.88M | 155.41M | 675.49M | 187.51M |
| Accounts Receivable | 296.54M | 473.75M | 376.32M | 351.08M | 288.40M | 208.50M |
| Other Receivables | 336.55M | 245.28M | 103.32M | 82.20M | 38.20M | 36.35M |
| Inventory | 119.83M | 119.45M | 103.22M | 113.68M | 39.07M | 37.18M |
| Prepaid Expenses | 42.35M | 24.25M | 26.95M | 31.49M | 56.38M | 19.95M |
| Restricted Cash | 338.96M | 130.49M | 472.70M | 155.40M | 165.40M | 68.56M |
| Other Current Assets | 113.81M | 109.03M | 37.17M | 90.70M | 124.22M | 26.81M |
| Total Current Assets | 1.41B | 1.33B | 1.61B | 979.97M | 1.39B | 584.87M |
| Property, Plant & Equipment | 9.02B | 8.90B | 10.07B | 8.42B | 4.91B | 3.49B |
| Goodwill | 782.73M | 776.76M | 776.76M | 760.13M | ||
| Other Intangible Assets | 190.36M | 187.60M | 179.51M | 51.81M | 85.90M | 142.94M |
| Long-Term Investments | 137.79M | 410.11M | 1.20B | |||
| Long-Term Deferred Tax Assets | 3.32M | 9.91M | 8.07M | 6.00M | ||
| Long-Term Deferred Charges | 9.62M | 10.43M | 78.16M | 34.34M | 9.77M | 10.38M |
| Long-Term Accounts Receivable | 10.00M | 10.38M | 20.27M | 19.90M | 28.65M | 639.43M |
| Other Long-Term Assets | 89.60M | 120.00M | 172.04M | 72.66M | 85.45M | 40.37M |
| Total Assets | 10.73B | 10.56B | 12.92B | 10.50B | 7.71B | 6.88B |
| Accounts Payable | 608.41M | 731.62M | 481.52M | 549.49M | 80.39M | 68.08M |
| Accrued Expenses | 972.62M | 550.02M | 446.21M | 481.25M | 543.60M | 252.78M |
| Short-Term Debt | 73.22M | 179.89M | 182.27M | |||
| Current Portion of Long-Term Debt | 6.73B | 7.00B | 359.24M | 110.36M | 64.82M | 97.25M |
| Current Unearned Revenue | 14.13M | 14.41M | 65.29M | 12.75M | 28.66M | |
| Current Portion of Leases | 83.04M | 72.26M | 123.16M | 164.55M | 48.74M | 47.11M |
| Current Income Taxes Payable | 18.31M | 93.03M | 54.04M | 6.26M | 8.88M | |
| Other Current Liabilities | 308.01M | 193.12M | 55.54M | 99.05M | 652.68M | 59.74M |
| Total Current Liabilities | 8.70B | 8.65B | 1.75B | 1.71B | 1.41B | 562.51M |
| Long-Term Debt | 1.17B | 1.11B | 8.36B | 6.51B | 4.48B | 3.76B |
| Long-Term Leases | 1.13B | 318.82M | 475.16M | 406.49M | 302.12M | 234.06M |
| Long-Term Unearned Revenue | 9.75M | 11.75M | 31.70M | |||
| Long-Term Deferred Tax Liabilities | 70.19M | 76.50M | 74.84M | 44.44M | 25.99M | 269.51M |
| Other Long-Term Liabilities | 88.35M | 82.54M | 155.41M | 23.93M | 49.01M | 58.48M |
| Total Liabilities | 11.16B | 10.25B | 10.83B | 8.72B | 6.26B | 4.88B |
| Total Preferred Equity | 90.57M | |||||
| Common Stock | 2.86M | 2.85M | 2.66M | 2.05M | 2.09M | 2.07M |
| Additional Paid-In Capital | 1.77B | 1.78B | 1.67B | 1.04B | 1.17B | 1.92B |
| Retained Earnings | -2.42B | -1.65B | 193.56M | 527.99M | 62.08M | -132.40M |
| Comprehensive Income & Other | 92.18M | 54.09M | 7.50M | 71.53M | 55.40M | -2.08M |
| Total Common Equity | -553.65M | 182.65M | 1.88B | 1.64B | 1.29B | 1.79B |
| Minority Interest | 121.21M | 126.98M | 122.66M | 137.78M | 152.04M | 202.48M |
| Shareholders' Equity | -432.44M | 309.63M | 2.09B | 1.78B | 1.44B | 1.99B |
| Total Liabilities & Equity | 10.73B | 10.56B | 12.92B | 10.50B | 7.71B | 6.88B |
| Total Debt | 9.11B | 8.57B | 9.50B | 7.37B | 4.89B | 4.14B |
| Net Cash (Debt) | -8.95B | -8.34B | -9.01B | -7.22B | -4.22B | -3.95B |
| Net Cash Per Share | -1,574.46 | -1,498.08 | -2,059.80 | -1,748.04 | -1,004.76 | -978.86 |
| Filing Date Shares Outstanding | 5.71M | 5.71M | 5.48M | 4.10M | 4.18M | 4.14M |
| Total Common Shares Outstanding | 5.71M | 5.69M | 5.33M | 4.10M | 4.18M | 4.14M |
| Working Capital | -7.29B | -7.32B | -140.45M | -726.32M | -22.08M | 22.36M |
| Book Value Per Share | -96.92 | 32.09 | 352.35 | 400.02 | 308.91 | 433.03 |
| Tangible Book Value | -744.01M | -4.95M | 915.80M | 811.52M | 427.16M | 888.50M |
| Tangible Book Value Per Share | -130.24 | -0.87 | 171.82 | 197.93 | 102.30 | 214.75 |
| Land | 55.63M | 56.72M | 51.90M | 54.32M | 52.99M | 55.01M |
| Machinery | 1.90B | 1.45B | 2.21B | 2.16B | 1.74B | 1.67B |
| Construction In Progress | 3.56B | 3.59B | 3.53B | 5.35B | 2.42B | 1.04B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.90B | -1.84B | -272.26M | 547.23M | 194.48M | 97.10M |
| Depreciation & Amortization | 222.43M | 242.35M | 159.30M | 161.42M | 143.59M | 99.54M |
| Other Amortization | 32.55M | 53.98M | 31.31M | 6.59M | 2.54M | 14.12M |
| Loss (Gain) on Sale of Assets | -199.69M | -670.94M | 80.21M | -27.98M | ||
| Loss (Gain) on Equity Investments | 472.22M | -14.44M | ||||
| Asset Writedown | 815.54M | 1.46B | 16.49M | 10.96M | ||
| Stock-Based Compensation | 18.34M | 14.55M | 50.62M | 1.57M | 30.38M | 37.04M |
| Change in Accounts Receivable | -54.42M | -216.39M | 67.71M | -41.63M | -139.94M | -123.58M |
| Change in Inventory | -46.20M | -38.36M | -251.00K | -42.29M | -7.93M | -11.15M |
| Change in Accounts Payable | 546.26M | 513.53M | 194.16M | 89.09M | 67.74M | 17.53M |
| Change in Other Net Operating Assets | 20.49M | -106.72M | -90.04M | 178.74M | -24.67M | -30.64M |
| Other Operating Activities | 15.84M | 10.55M | 364.94M | -65.14M | -384.16M | -746.00K |
| Operating Cash Flow | -525.43M | -583.38M | 602.21M | 818.58M | 355.11M | 84.77M |
| Capital Expenditures | -232.93M | -650.81M | -2.13B | -2.92B | -1.17B | -669.35M |
| Sale of Property, Plant & Equipment | 150.00M | 150.00M | 329.00M | 16.46M | ||
| Cash Acquisitions | -1.59B | |||||
| Divestitures | 12.41M | 961.87M | 58.34M | |||
| Investment in Securities | 136.37M | 100.00M | 500.08M | |||
| Other Investing Activities | -82.00K | 4.71M | 22.89M | 9.23M | 591.21M | -9.35M |
| Investing Cash Flow | -70.60M | 465.76M | -1.58B | -2.79B | -82.73M | -2.27B |
| Long-Term Debt Issued | 1.38B | 5.87B | 3.01B | 2.03B | 2.43B | |
| Total Debt Issued | 1.26B | 1.38B | 5.87B | 3.01B | 2.03B | 2.43B |
| Long-Term Debt Repaid | -1.61B | -3.80B | -695.69M | -1.52B | -461.01M | |
| Total Debt Repaid | -890.85M | -1.61B | -3.80B | -695.69M | -1.52B | -461.01M |
| Net Debt Issued (Repaid) | 369.06M | -231.35M | 2.06B | 2.32B | 511.21M | 1.97B |
| Issuance of Common Stock | 386.58M | |||||
| Repurchase of Common Stock | -30.12M | |||||
| Common Dividends Paid | -99.05M | -88.76M | ||||
| Preferred Dividends Paid | -453.00K | |||||
| Dividends Paid | -453.00K | -65.31M | -723.96M | -99.05M | -88.76M | |
| Other Financing Activities | -105.84M | -311.84M | -667.03M | -169.86M | -90.20M | -37.81M |
| Financing Cash Flow | 263.21M | -543.64M | 1.72B | 1.43B | 321.96M | 1.82B |
| Foreign Exchange Rate Adjustments | 11.56M | 52.62M | -81.90M | 6.17M | -3.29M | 6.54M |
| Net Cash Flow | -321.26M | -608.63M | 654.76M | -544.27M | 591.05M | -365.31M |
| Free Cash Flow | -758.36M | -1.23B | -1.53B | -2.10B | -818.90M | -584.58M |
| Free Cash Flow Margin | -59.87% | -82.70% | -65.09% | -88.87% | -35.06% | -45.40% |
| Free Cash Flow Per Share | -133.37 | -221.60 | -349.56 | -508.81 | -195.11 | -144.91 |
| Levered Free Cash Flow | 2.01M | -506.14M | -2.15B | -2.53B | -96.46M | -434.31M |
| Unlevered Free Cash Flow | 472.40M | -73.97M | -1.98B | -2.35B | 49.04M | -351.97M |
| Cash Interest Paid | 352.24M | 352.24M | 90.32M | 106.48M | 160.62M | 154.25M |
| Cash Income Tax Paid | 109.09M | 109.09M | 27.93M | 52.90M | 151.21M | 17.32M |
| Change in Working Capital | 466.14M | 152.06M | 171.58M | 183.92M | -104.80M | -147.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 80.30M | 324.39M | 4.04B | 7.74B | 8.86B | 4.99B |
| Enterprise Value | 9.03B | 9.61B | 12.80B | 14.34B | 13.47B | 9.00B |
| PE Ratio | 14.14 | 45.54 | 51.43 | |||
| PS Ratio | 0.06 | 0.22 | 1.72 | 3.27 | 3.79 | 3.88 |
| PB Ratio | 1.05 | 1.93 | 4.35 | 6.14 | 2.50 | |
| P/OCF Ratio | 6.71 | 9.45 | 24.94 | 58.91 | ||
| EV/Sales Ratio | 7.13 | 6.44 | 5.45 | 6.06 | 5.77 | 6.99 |
| EV/EBITDA Ratio | 160.25 | 16.28 | 13.52 | 14.63 | 25.87 | |
| EV/EBIT Ratio | 20.42 | 15.94 | 17.33 | 36.24 | ||
| Debt / Equity Ratio | -21.07 | 27.68 | 4.54 | 4.15 | 3.39 | 2.07 |
| Debt / EBITDA Ratio | 49.47 | 9.90 | 6.15 | 4.80 | 10.40 | |
| Net Debt / Equity Ratio | -20.70 | 26.95 | 4.31 | 4.06 | 2.92 | 1.98 |
| Net Debt / EBITDA Ratio | -161.16 | 139.06 | 11.46 | 6.81 | 4.58 | 11.35 |
| Net Debt / FCF Ratio | -11.80 | -6.76 | -5.89 | -3.44 | -5.15 | -6.75 |
| Quick Ratio | 0.09 | 0.11 | 0.56 | 0.34 | 0.71 | 0.77 |
| Current Ratio | 0.16 | 0.15 | 0.92 | 0.57 | 0.98 | 1.04 |
| Asset Turnover | 0.11 | 0.13 | 0.20 | 0.26 | 0.32 | 0.29 |
| Return on Equity (ROE) | -392.05% | -152.60% | -12.64% | 34.05% | 10.76% | 7.83% |
| Return on Assets (ROA) | -1.53% | -0.97% | 3.34% | 6.17% | 6.66% | 3.53% |
| Return on Capital Employed (ROCE) | -13.70% | -9.60% | 5.60% | 10.20% | 12.30% | 3.90% |
| Earnings Yield | -6,780.54% | -568.73% | -6.74% | 7.07% | 2.20% | 1.94% |
| FCF Yield | -944.39% | -380.47% | -37.84% | -27.16% | -9.25% | -11.71% |
| Dividend Yield | 1.98% | 9.01% | 0.94% | 1.66% | ||
| Payout Ratio | 132.30% | 50.93% | 91.40% | |||
| Buyback Yield / Dilution | -12.80% | -27.38% | -5.88% | 1.61% | -4.04% | -89.12% |
| Total Shareholder Return | -12.80% | -27.38% | -3.90% | 10.62% | -3.10% | -87.46% |