New Fortress Energy Q3 revenue $731.9M, net income $56M, raises 2023 goal to $2.5B+

New Fortress Energy Inc.

2022-Q3 EPS reported $0.62 revenue$1,821,903,000

Q3 2022 Adjusted EBITDA $291M, net income $56M vs Q2 net loss $178M; revenue $731.9M up 25% sequentially.
2023 illustrative EBITDA goal raised to ~$2.5+ billion (from ~$1.5B); FY22 goal ~$1.1B on track.
Fast LNG first unit mechanical completion March 2023, operations mid-2023; five units target ~7+ mtpa by end 2024.
Declared $0.10/share dividend, record Dec 7, 2022, payable Dec 20, 2022.
Signed binding agreements with CFE for Altamira FLNG hub; sold La Paz plant for ~$180M; extended BCS gas supply 10 yrs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

New Fortress Energy Inc. reported financial results for third quarter of 2022.

Period: third quarter of 2022
Result: reported results

Exact text from the filing

On November 8, 2022 , New Fortress Energy Inc. (“NFE” or the “Company”) issued a press release announcing the Company’s financial and operating results for its fiscal quarter ended September 30, 2022.

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New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-22-000042

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