New Fortress Energy posts record Q1 Adjusted EBITDA of $440M; net income $152M

New Fortress Energy Inc.

2023-Q1 EPS reported $0.71 revenue$579,131,000

Q1 revenue $579.1M, net income $151.6M, diluted EPS $0.71; adjusted EPS $0.90.
Terminals & Infra segment operating margin $402.1M (up 91% YoY); Ships segment $78.7M.
First Fast LNG unit 90%+ complete; first gas expected July 2023, COD in August 2023.
Announced 10-year contract with Genera PR for PREPA thermal generation; 350MW emergency power contracts in Puerto Rico.
Agreed to sell 135MW La Paz plant to CFE for ~$180M; Hilli stake sale returned $100M cash + 4.1M shares extinguished $323M debt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

New Fortress Energy Inc. reported first quarter of 2023 results: revenue $ 579.1, net income $ 151.6, EPS $ 0.71. Guidance initiated.

Period: first quarter of 2023
Revenue: $ 579.1
Net income: $ 151.6
EPS: $ 0.71
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues $ 505.1 $ 546.4 $ 579.1 Net income $ 241.2 $ 65.8 $ 151.6 Diluted EPS $ 1.13 $ 0.30 $ 0.71

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Source: SEC EDGAR

accession 0001749723-23-000027

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