New Fortress Energy Delays Annual 10-K Filing

New Fortress Energy ( (NFE) ) has released a notification of late filing.

New Fortress Energy Inc. has filed a Form 12b-25 to notify investors that it will delay its Annual Report on Form 10-K (Yearly Report) for the year ended December 31, 2025. The company says the filing relates to its 2025 Form 10-K (Yearly Report), which will include restated financial statements for prior years and interim periods.

The delay stems from a restatement process triggered by the Audit Committee’s conclusion that prior financial statements for 2023, 2024 and 2025 interim periods should no longer be relied upon. Management is correcting the presentation of certain capital expenditures in the cash flow statement, errors in interest capitalization and other smaller issues that affect historical numbers.

New Fortress Energy indicates that it is working diligently and expects to submit the delayed Form 10-K (Yearly Report) no later than March 31, 2026, or as soon as practicable thereafter. However, the company cautions that the timetable could slip further and that it cannot guarantee a definitive filing date while the review and restatement work continues.

Operationally, the company warns of significant changes in its 2025 results versus 2024, including a sharp decline in terminal revenues. This drop is largely tied to the shutdown of a temporary power project in Puerto Rico in March 2024, the sale of its Jamaican business in May 2025 and weaker cargo sales during the year.

The company also expects to report substantial losses for 2025 compared with 2024, driven by goodwill and asset impairments, higher borrowing costs and expenses linked to strategic transactions and debt restructuring. These losses will be partially offset by gains on the sale of the Jamaican business and the disposal of certain vessels, but overall earnings are expected to deteriorate.

Management emphasizes that many of the disclosures about timing, restatements and 2025 results are forward-looking statements subject to risks and uncertainties. New Fortress Energy notes that actual outcomes could differ materially if the restatement process takes longer, if additional accounting issues emerge or if market conditions and financing costs move against the company.

To reassure investors, the company highlights that all other required SEC reports over the past 12 months have been filed on time and that it continues to pursue compliance with its reporting obligations. The notification is signed by Chief Financial Officer Christopher S. Guinta on March 17, 2026, underscoring executive responsibility for addressing the delay and completing the restatements.

The most recent analyst rating on (NFE) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on New Fortress Energy stock, see the NFE Stock Forecast page.

Spark’s Take on NFE Stock

According to Spark, TipRanks’ AI Analyst, NFE is a Neutral.

The score is weighed down primarily by severe financial deterioration (large losses, negative operating and free cash flow, and very high leverage) and recent credit/forbearance events that heighten restructuring risk. Technicals provide only partial offset with short-term strength but overbought signals and a weak longer-term trend, while valuation is not supportive given the negative P/E.

To see Spark’s full report on NFE stock, click here.

More about New Fortress Energy

New Fortress Energy Inc. is a U.S.-based energy company focused on natural gas infrastructure, power generation and related terminals. The business has operated assets in locations including Puerto Rico and Jamaica, and it has also engaged in shipping through ownership of certain vessels. In recent years, the company has been active in strategic transactions, including asset sales and debt restructuring activities.

Average Trading Volume: 9,724,387

Technical Sentiment Signal: Sell

Current Market Cap: $310.2M

For a thorough assessment of NFE stock, go to TipRanks’ Stock Analysis page.