earnings
confidence high
sentiment neutral
materiality 0.75
New Fortress Energy Q3 Adjusted EBITDA $208M, net income $62M; reiterates FY23 EBITDA goal $1.6B
New Fortress Energy Inc.
2023-Q3 EPS reported
$1.59
revenue$1,654,938,000
- Adjusted EBITDA $208M in Q3, $895M YTD; net income $62M ($0.30 diluted), revenue $514.5M.
- Core downstream assets generated nearly 100% of Q3 earnings; FLNG asset offshore Mexico achieved First Gas.
- Board declares $0.10/share dividend payable Dec 27, record date Dec 13.
- Reiterates 2023 Illustrative Adjusted EBITDA goal of $1.6B; identified ~$1B non-core asset sales.
- Closed $856M term loan (SOFR+5.00%) to repay prior loan; $575M asset-level debt for Barcarena plant.