Successful Jamaica Asset Sale
The company completed the sale of its Jamaica assets for $1.055 billion, resulting in net proceeds of $800 million and a $430 million gain.
Strong Performance in Brazil
Progress in Brazil with key assets nearing operational status: a 624-megawatt power plant expected to reach COD in the second half of 2025, and a 1.6 gigawatt plant on track for mid-2026. Contracts in Brazil are inflation-linked and provide stable cash flows.
Robust Liquidity Position
Ending Q1 2025 with $448 million in cash, $275 million available under revolving credit facilities, and $393 million from asset sales, totaling over $1.1 billion in pro forma liquidity.
FSRU Charter Contracts
New FSRU contracts signed, generating approximately $200 million in future earnings and increasing annual cash flow by up to $50 million.
Positive Construction Updates
Construction progress in Brazil with CELBA plant at 95% completion and PortoCem at 54% despite challenging weather conditions.