earnings
confidence high
sentiment positive
materiality 0.75
NFE Q3 Adjusted EBITDA $176M, matches guidance; refinances $2.7B debt, raises $400M equity
New Fortress Energy Inc.
2024-Q3 EPS reported
-$0.15
revenue$1,685,862,000
- Q3 revenue $567.5M, net income $11.3M ($0.03 EPS); Adjusted EPS $0.05.
- Adjusted EBITDA $176M, in line with $175M guidance; down from $208.4M a year ago.
- Announced $2.7B senior secured notes exchange to extend maturities to 2029; also $400M equity raise completed.
- Full-year 2024 Illustrative Adjusted EBITDA Goal set at $855M.
- Exploring asset sales or partnerships for Brazil, Puerto Rico, Jamaica, Mexico, Nicaragua, and FLNG1.