NFE reports Q4 net income $215M, diluted EPS $1.06; guides 2024 EPS ~$5.00
New Fortress Energy Inc.
- Q4 net income $215M ($1.06 diluted EPS); adjusted EPS $1.01. Full year net income $549M ($2.65 diluted EPS), adjusted EPS $2.75.
- Adjusted EBITDA Q4 $387.6M, full year $1.282B; revenue Q4 $758.4M, full year $2.413B.
- Brazil Barcarena and Santa Catarina terminals placed into service Feb 2024; FLNG1 first LNG expected March, first cargo April 2024.
- 2024 illustrative goals: EPS ~$5.00, FFO/share ~$6.00, net capex ~$250M; secured $700M financing for FLNG2 (Altamira).
- Board declares $0.10/share dividend, record March 15, payment March 27, 2024.