earnings
confidence high
sentiment positive
materiality 0.78
NFE beats Q4 EBITDA guidance; reports net loss on debt refinancing; Fast LNG in service
New Fortress Energy Inc.
- Adjusted EBITDA Q4 $313M (beat $200-220M guide); full year $950M (beat $835-855M).
- Net loss Q4 $224M, full year $242M from $260M debt extinguishment loss; Adj Net Income $29M Q4.
- Fast LNG asset placed into service Dec 2024, producing above nameplate; Puerto Rico contract extended with $110M payment.
- Completed $2.7B senior notes refinancing in Q4, $350M Brazil notes in Feb 2025, upsized TLB by $425M in Mar 2025.
- CELBA Brazil power plant 88% complete; Brazil power auctions expected June 2025.