NFE reports Q2 net loss $557M; Adjusted EBITDA -$4M; initiates strategic alternatives review

New Fortress Energy Inc.

Net loss of $557M ($2.02 diluted EPS) vs. $86.9M loss a year ago; revenue $301.7M, down 29% YoY.
Non-cash impairments of assets and goodwill totaled $699M; gain on sale of Jamaican ops $473M.
Adjusted EBITDA of -$3.7M vs. $120.2M in Q2 2024; Total Segment Operating Margin $25M.
Engaged Houlihan Lokey and Skadden to evaluate strategic alternatives including asset sales, refinancing.
Unrestricted cash $551M; FLNG 1 performed at nameplate; CELBA plant commissioning begun.

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