---
schema_version: "secwatch.filing_event.v1"
accession: "0001749723-23-000027"
form_type: "8-K"
ticker: "NFE"
cik: "0001749723"
company_name: "New Fortress Energy Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:33:33.357663+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001749723-23-000027
- form_type: 8-K
- ticker: NFE
- cik: 0001749723
- company_name: New Fortress Energy Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000027/0001749723-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000027/nfe-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001749723-23-000027
- JSON: https://secwatch.observer/filing/0001749723-23-000027.json
- Plain text: https://secwatch.observer/filing/0001749723-23-000027.txt

## Key facts
- Earnings Releases
  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
  source text: Revenues $ 505.1 $ 546.4 $ 579.1 Net income $ 241.2 $ 65.8 $ 151.6 Diluted EPS $ 1.13 $ 0.30 $ 0.71
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972323000027/0001749723-23-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.