New Fortress Energy ( (NFE) ) has released its Q2 earnings. Here is a breakdown of the information New Fortress Energy presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
New Fortress Energy Inc. is a global energy infrastructure company that focuses on natural gas and liquefied natural gas (LNG) solutions to address energy poverty and promote clean energy transitions worldwide. The company operates a fleet of ships and logistics assets to deliver energy solutions to global markets.
In its second quarter of 2025 earnings report, New Fortress Energy reported a challenging financial performance with a net loss of $557 million, driven by significant non-cash impairments totaling $699 million. Despite these setbacks, the company achieved a gain of $473 million from the sale of its Jamaican operations and maintains a total cash balance of $821 million.
Key financial metrics revealed an adjusted EBITDA of negative $4 million and an EPS of negative $2.02. The company is actively pursuing strategic initiatives, including negotiations for a long-term gas sale agreement in Puerto Rico and the commissioning of its CELBA power plant. Additionally, New Fortress Energy is exploring strategic alternatives to improve its capital structure, including potential asset sales and refinancing.
Looking ahead, New Fortress Energy remains optimistic about its prospects, with expectations of increased core earnings as developments in Brazil, Nicaragua, and Puerto Rico come online. The company is also encouraged by potential opportunities in Brazil’s upcoming power auctions and continues to optimize its shipping portfolio to enhance operational efficiency.