New Fortress Energy Reports Q1 2025 Results and Strategic Sale

New Fortress Energy ( (NFE) ) has released its Q1 earnings. Here is a breakdown of the information New Fortress Energy presented to its investors.

New Fortress Energy Inc. is a global energy infrastructure company that focuses on providing reliable, affordable, and clean energy solutions through its natural gas and liquefied natural gas (LNG) infrastructure and logistics assets. The company plays a significant role in enhancing global energy security and supporting economic growth while promoting environmental stewardship.

In its latest earnings report, New Fortress Energy announced the completion of the sale of its Jamaican assets to Excelerate Energy for $1.055 billion. This strategic move is part of the company’s efforts to streamline operations and reduce corporate debt. Additionally, the company reported a net loss of $197 million for the first quarter of 2025, with an adjusted EBITDA of $82 million.

Key financial highlights include a total cash balance of $827 million, with $448 million unrestricted as of March 31, 2025. The company’s revenue for the quarter was $470.5 million, a decrease from the previous quarter. Despite the net loss, New Fortress Energy is optimistic about future earnings growth, driven by ongoing developments in Brazil and Nicaragua, and expansions in Puerto Rico.

Looking ahead, New Fortress Energy is focused on simplifying its balance sheet and exploring asset-based financing options. The company remains committed to its strategic goals of providing reliable energy solutions and is optimistic about the potential for increased core earnings as new projects come online.