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New Fortress Energy (NFE)
NASDAQ:NFE
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.34Last Year’s EPS
-0.44Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -58.85%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights several positive developments, including a successful asset sale in Jamaica, strong progress in Brazil, and robust liquidity. However, these are balanced by challenges such as lower-than-expected earnings, delays in Brazil's capacity auction, and ongoing challenges in Puerto Rico's energy system.Company Guidance
During the NFE First Quarter 2025 Earnings Call, CEO Wes Edens provided detailed financial guidance and operational updates. Core earnings were consistent with expectations, ranging from $109 million to $177 million over recent quarters, and are projected to accelerate in the second half as new assets, particularly in Brazil, come online. The forecast for EBITDA, including gains, is elevated to $1.25 billion to $1.5 billion for the year. The recent $1.055 billion Jamaica sale generated $800 million in net proceeds and a $430 million gain, contributing to this forecast. The company anticipates resolving a $659 million FEMA claim soon and has secured $143 million in profit from re-letting surplus FSRU assets. Additionally, NFE has planned asset sales and debt reduction strategies to simplify the balance sheet, with an aim to extend debt duration and lower costs. Long-term contracts in Brazil and Puerto Rico are expected to generate $500 million in annual margin, highlighting NFE's focus on maintaining stable, long-duration cash flows.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.
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
NFE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $6.78 | $2.51 | -62.98% |
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% |
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.
FAQ
When does New Fortress Energy (NFE) report earnings?
New Fortress Energy (NFE) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is New Fortress Energy (NFE) earnings time?
New Fortress Energy (NFE) earnings time is at Jul 31, 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 (Q2) is -0.34.