secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001749723-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Fortress Energy Q1 net income $57M, Adj. EBITDA $340M; FLNG commissioning, dividend $0.10
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- Q1 net income $56.7M ($0.26 diluted EPS) vs $151.6M ($0.71) a year ago; adjusted EPS $0.67.
- Adjusted EBITDA $340M, down from $440M in prior-year quarter; revenue $690.3M (up 19% YoY).
- FLNG unit commissioning; first LNG expected May, first full cargo June; Brazil terminals operational with 2.2 GW power under construction.
- Board declared $0.10/share dividend, payable June 27 to holders of record June 15.
- Sold FEMA power plants in Puerto Rico, won 80 Tbtu island-wide gas contract; 2024 illustrative Adj. EBITDA goal ~$2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972324000049/0001749723-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972324000049/nfe-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001749723-24-000049

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