M&A
confidence high
sentiment negative
materiality 0.85
NFE completes $1.055B Jamaica sale to Excelerate; Q1 net loss $197M, Adj EBITDA $82M
New Fortress Energy Inc.
- Closed sale of Jamaica assets to Excelerate Energy for $1.055B; proceeds to reduce corporate debt.
- Q1 2025 revenue $470.5M (down from $690.3M YoY); net loss $197.4M vs net income $56.7M.
- Diluted EPS -$0.73 (Q1 2024: $0.26); Adjusted EBITDA $82M vs $340M Q1 2024.
- Proceeds used to pay down $270M revolver and $55M term loan; rest to cash.
- CELBA 624 MW Brazil plant ~95% complete; expects Q3 2025 earnings.