earnings
confidence high
sentiment negative
materiality 0.85
New Fortress Energy Q2 2024 Adjusted EBITDA $120M, missing $275M guidance; FLNG 1 operational
New Fortress Energy Inc.
2024-Q2 EPS reported
-$0.18
revenue$1,118,327,000
- Net loss of $87M, diluted EPS $(0.44); adjusted EPS $(0.41).
- Revenue $428M, down 24% YoY from $561M.
- FLNG 1 completed and in service July 19; First Cargo expected August 2024.
- Illustrative FY2024 Adjusted EBITDA goal $1.4-1.5B; FY2025 goal $1.3B.
- Board declared $0.10/share dividend, payable Sept 27, 2024, record Sept 13.