secwatch.observer — SEC 8-K summary
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Issuer:     New Fortress Energy Inc. (NFE)
CIK:        0001749723
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001749723-25-000064
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NFE completes $1.055B Jamaica sale to Excelerate; Q1 net loss $197M, Adj EBITDA $82M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1749723/000174972325000064/0001749723-25-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1749723/000174972325000064/nfe-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001749723-25-000064

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