secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001749723-23-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972323000027/0001749723-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972323000027/nfe-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001749723-23-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer