NFE Q2 2023: Adj. EBITDA $246M, net income $120M; FY 2023 guidance revised to $1.6B

New Fortress Energy Inc.

2023-Q2 EPS reported $1.29 revenue$1,140,476,000

Adjusted EBITDA $246M in Q2 2023, down from $439.7M in Q1; net income $120M ($0.58 adj. EPS).
2023 illustrative Adjusted EBITDA guidance revised to $1.6B; 2024 guidance reiterated at $2.4B.
Dividend maintained at $0.10/share; record date Sep 13, pay date Sep 27.
Agreement to sell La Paz power plant to CFE for ~$180M; close expected Q1 2024.
Closed $400M term loan from Morgan Stanley at SOFR+3.50% and $200M asset-level debt for Puerto Rico.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

New Fortress Energy Inc. reported second quarter of 2023 results: revenue $561.3, net income $120.1, EPS $0.58. Guidance raised.

Period: second quarter of 2023
Revenue: $561.3
Net income: $120.1
EPS: $0.58
Guidance: raised
Result: reported results

Exact text from the filing

record date of September 13, 2023 and a payment date of September 27, 2023. Financial Highlights Three Months Ended (in millions) March 31, 2023 June 30, 2023 Revenues $ 579.1 $ 561.3 Net income $ 151.6 $ 120.1 Diluted EPS $ 0.71 $ 0.58 Adjusted net income (16) $ 187.6 $ 119.2 Adjusted EPS (2) $ 0.90 $ 0.58 Terminals and Infrastructure Segment Operating Margin

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New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-23-000038

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