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New Fortress Energy (NFE)
NASDAQ:NFE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.18Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -8.08%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in EBITDA and successful capital market activities. Key assets like FLNG are performing exceptionally well. However, the call highlighted challenges with debt management and dependence on asset sales for deleveraging.Company Guidance
During the New Fortress Energy Inc. Fourth Quarter 2024 Earnings Call, CEO Wesley Edens highlighted several key financial metrics and strategic initiatives. The company reported a strong quarterly EBITDA of $313 million, representing a 50% increase over prior guidance, and confirmed a 2025 revenue target of $1 billion. The company's integrated gas-to-power operations span five countries, with assets including seven terminals and nearly ten gigawatts of power capacity. The FLNG asset's performance significantly boosted earnings, while asset sales and deleveraging remain priority areas. Recently, New Fortress Energy raised $409 million in equity, executed a $2.7 billion bond issuance, and closed a $425 million term loan B upsize to strengthen its balance sheet. The company is actively pursuing long-term growth opportunities, particularly in Puerto Rico and Brazil, and aims to reduce debt and optimize its gas supply chain. The call also detailed ongoing construction projects and potential capacity expansions, underscoring a strategic focus on sustainable growth and operational efficiency.Exceptional Financial Performance
Achieved $313 million in EBITDA for Q4 2024, a 50% increase over previous guidance, and confirmed guidance for $1 billion in EBITDA for 2025.
FLNG Asset Performance
FLNG asset was a major contributor to earnings, operating above nameplate capacity, achieving 120% of capacity, and shipping twelve cargoes totaling approximately 24 TBtu.
Strong Capital Markets Activity
Raised $409 million in new equity, extended $900 million revolver to 2027, and issued $2.7 billion bond extending maturity to 2029.
Brazil Market Expansion
Operating two LNG terminals with a supply capacity of approximately 200 TBtu/year each, and secured over 2.2 GW with long-term power purchase agreements.
Puerto Rico Growth Potential
Potential to expand gas supply significantly, with conversion of existing plants to gas and a new 20-year gas contract for a power plant coming online in 2028.
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NFE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NFE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $9.04 | $9.75 | +7.85% |
| Nov 07, 2024 | $9.59 | $9.46 | -1.36% |
| Aug 09, 2024 | $16.86 | $12.88 | -23.61% |
| May 08, 2024 | $25.76 | $26.13 | +1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Fortress Energy (NFE) report earnings?
New Fortress Energy (NFE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is New Fortress Energy (NFE) earnings time?
New Fortress Energy (NFE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NFE EPS forecast?
NFE EPS forecast for the fiscal quarter 2025 (Q1) is -0.18.
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