New Fortress Energy (NFE) AI Stock Analysis

• Market Cap: $386.99M
• Dividend Yield: N/A
• Average Volume (3M): 10.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: -27.23%
• EPS Growth: -634.60%
• Country: US
• Employees: 722
• Sector: Energy
• Sector Strength: 52
• Industry: Regulated Gas
• EPS (TTM): -1.07
• Shares Outstanding: 284,552,830
• 10 Day Avg. Volume: 15,734,085
• 30 Day Avg. Volume: 10,429,910
• PEG Ratio: 0.09
• Price to Book (P/B): 1.75
• Price to Sales (P/S): 1.39
• P/FCF Ratio: -1.62
• Enterprise Value/Market Cap: 24.65
• Enterprise Value/Revenue: 5.36
• Enterprise Value/Gross Profit: 17.15
• Enterprise Value/Ebitda: -29.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $1.50 ▲(7.14% Upside)

The score is weighed down primarily by severe financial deterioration (large losses, negative operating and free cash flow, and very high leverage) and recent credit/forbearance events that heighten restructuring risk. Technicals provide only partial offset with short-term strength but overbought signals and a weak longer-term trend, while valuation is not supportive given the negative P/E.

Positive Factors

Integrated LNG infrastructure model

NFE’s vertical integration across sourcing, processing, transport and terminals creates durable operational control and asset-backed revenue streams. This reduces counterparty exposure, supports service fees and terminal utilization, and helps sustain margins across commodity cycles.

Structural demand tailwinds

The multi-year transition toward lower-carbon fuels supports sustained LNG demand. NFE’s focus on delivering cleaner, affordable gas positions it to capture industrial and power-sector demand, underpinning long-term utilization and contract opportunities.

Long-term contracts and asset utilization

Long-term customer contracts and asset-backed terminal/pipeline operations provide recurring revenue that can stabilize cash flows versus spot exposure. Combined with still-moderate gross margins (~32%), contracted volumes can underpin recovery in core cash generation if financing pressures ease.

Negative Factors

Deteriorating operating and cash performance

Sustained negative operating and free cash flow alongside large net losses materially weakens internal funding capacity. Over the medium term this constrains reinvestment, increases reliance on external capital, and raises the probability of asset sales, dilution, or restructuring if cash generation doesn't recover.

Extremely high leverage

Very high leverage severely limits financial flexibility, elevates refinancing and covenant breach risk, and magnifies earnings volatility impacts. Large fixed obligations reduce capacity for capital investment or strategic moves and increase the likelihood of distressed restructuring if market conditions worsen.

Forbearance, missed payments, and tightened covenants

Recent missed interest payments and lender forbearance are a structural change: cross-defaults and tightened covenants restrict dividends, new debt, and asset sales. These lender-imposed limits raise the odds of acceleration or formal restructuring, constraining strategic options for months.

New Fortress Energy Business Overview & Revenue Model

Company Description

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.

How the Company Makes Money

New Fortress Energy generates revenue through several key streams, primarily from the sale of liquefied natural gas and related services. The company earns money by sourcing LNG from producers and transporting it to its terminals for regasification and distribution. Additional revenue comes from long-term contracts with customers, providing stable cash flow. NFE also engages in infrastructure development, which includes building and operating LNG terminals and pipelines, generating income from both asset utilization and service fees. Strategic partnerships with gas suppliers and utility companies further enhance its market reach and revenue potential, allowing NFE to capitalize on the growing demand for cleaner energy sources.

New Fortress Energy Financial Statement Overview

Summary

Financials appear highly stressed: revenue is down (~11.9% TTM), profitability has flipped to large losses (net margin ~-72%), operating cash flow is negative, free cash flow is deeply negative (~-$1.7B), and leverage is extremely high (debt-to-equity ~9.35x) with shrinking equity—raising funding and solvency risk.

Income Statement

Profitability has deteriorated sharply. While TTM (Trailing-Twelve-Months) revenue is down ~11.9% and gross margin is still moderate (~32%), the company is running operating losses (negative EBIT/EBITDA) and a very large net loss with a deeply negative net margin (~-72%). This is a clear reversal from 2022–2023 profitability and suggests significant cost, impairment, or pricing/volume pressure that has overwhelmed gross profit.

Balance Sheet

Leverage is very high and rising. TTM (Trailing-Twelve-Months) debt is ~$9.3B versus equity of ~$1.0B (debt-to-equity ~9.35x), up materially from prior years, while equity has compressed. Returns to shareholders are strongly negative in TTM (Trailing-Twelve-Months) due to the net loss, which further weakens the capital base and increases financial risk.

Cash Flow

Cash generation has weakened materially. TTM (Trailing-Twelve-Months) operating cash flow is negative, and free cash flow is deeply negative (about -$1.7B), following several years of consistently negative free cash flow. While 2023–2024 showed positive operating cash flow, the ongoing large free-cash outflows indicate heavy investment needs and/or poor cash conversion, raising reliance on external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.78B	2.36B	2.41B	2.37B	1.32B	451.65M
Gross Profit	556.16M	1.10B	1.30B	1.15B	556.75M	125.30M
EBITDA	-321.92M	257.82M	1.11B	430.70M	350.45M	-175.59M
Net Income	-1.28B	-249.04M	547.88M	194.48M	97.10M	-182.15M
Balance Sheet
Total Assets	11.91B	12.87B	10.50B	7.71B	6.88B	1.91B
Cash, Cash Equivalents and Short-Term Investments	145.24M	492.88M	155.41M	675.49M	187.51M	601.52M
Total Debt	9.31B	9.50B	7.37B	4.89B	4.14B	1.36B
Total Liabilities	10.78B	10.87B	8.72B	6.26B	4.88B	1.53B
Stockholders Equity	995.39M	1.88B	1.64B	1.29B	1.79B	366.96M
Cash Flow
Free Cash Flow	-1.73B	-2.03B	-2.21B	-818.90M	-584.58M	-282.56M
Operating Cash Flow	-134.65M	586.74M	824.76M	355.11M	84.77M	-125.57M
Investing Cash Flow	-570.44M	-2.07B	-2.90B	-82.73M	-2.27B	-157.63M
Financing Cash Flow	869.42M	2.22B	1.53B	321.96M	1.82B	819.50M

New Fortress Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.40
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NFE, the sentiment is Negative. The current price of 1.4 is above the 20-day moving average (MA) of 1.35, above the 50-day MA of 1.29, and below the 200-day MA of 2.57, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 13.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NFE.

New Fortress Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWN	73 Outperform	$1.92B	18.39	7.20%	4.18%	11.27%	20.04%
SPH	72 Outperform	$1.33B	12.38	18.60%	6.97%	7.94%	43.23%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CPK	64 Neutral	$2.98B	22.27	9.13%	2.15%	17.15%	15.00%
CTRI	56 Neutral	$2.78B	993.93	0.45%	―	―	―
OPAL	47 Neutral	$433.49M	120.48	―	―	7.03%	-86.15%
NFE	43 Neutral	$386.99M	-0.27	-96.21%	―	-27.23%	-634.60%

New Fortress Energy Corporate Events

New Fortress Energy Enters Forbearance Amid Loan Defaults

New Fortress Energy Inc. disclosed that it failed to make interest payments due December 10, 2025, on both its Term Loan B (approximately $30.6 million) and Term Loan A (approximately $1.6 million), triggering events of default on December 17, 2025, and has also told Term Loan B lenders it does not intend to make certain principal payments due on December 31, 2025. On December 17, 2025, the company entered into separate forbearance agreements with required lenders under both its Term Loan B and Term Loan A facilities, running through January 9, 2026, under which lenders agreed temporarily not to accelerate the debt or exercise remedies, but if further forbearance or debt restructuring is not reached, substantially all of the company’s debt could be accelerated and become payable on demand, potentially forcing broader restructuring steps with adverse consequences for shareholders.

Also on December 17, 2025, New Fortress executed amendments to its letter of credit facility, revolving credit facility and Term Loan A credit agreement, tying defaults under these instruments to the continued effectiveness of the Term Loan A and Term Loan B forbearance agreements and tightening covenants by restricting dividends, new indebtedness, asset sales, intercompany transfers and investments. These cross-default provisions and covenant restrictions increase the financial pressure on the company and heighten the risk that, if lenders ultimately accelerate these obligations, New Fortress may need to undertake significant out-of-court or in-court restructuring initiatives, with material implications for creditors and stockholders.

The most recent analyst rating on (NFE) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on New Fortress Energy stock, see the NFE Stock Forecast page.

New Fortress Energy Extends Forbearance Agreement Deadline

New Fortress Energy has extended its forbearance agreement related to its 12.000% Senior Secured Notes due 2029. Originally set to expire on December 15, 2025, the agreement has been extended to January 9, 2026, allowing the company additional time to negotiate a restructuring with stakeholders following a missed semiannual interest payment. Additionally, the company amended its Letter of Credit Facility on December 12, 2025, canceling a planned reduction in commitments under the agreement. This amendment maintains the facility’s commitments at $195 million, offering continued financial stability and liquidity for the business.

The most recent analyst rating on (NFE) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on New Fortress Energy stock, see the NFE Stock Forecast page.

New Fortress Energy Amends Credit Agreement, Extends Maturity

On November 14, 2025, New Fortress Energy Inc. entered into the Eleventh Amendment Agreement to extend the maturity date of its Letter of Credit Agreement to March 31, 2026, and implement several financial covenant changes. This amendment could lead to significant financial restructuring if certain conditions are not met, potentially impacting shareholders adversely.

The most recent analyst rating on (NFE) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on New Fortress Energy stock, see the NFE Stock Forecast page.