New Fortress Energy Inc. (NFE): auditor change — NFE restates prior financials; enters restructuring support agreement with creditors

New Fortress Energy Inc.

Restates FY2024, FY2023, and interim 2024/2025 financials due to cash flow misclassification of delayed vendor payments.
Cash outflows from investing activities reduced, financing activities increased; expects additional material weaknesses in ICFR.
Entered RSA with holders of 2029 notes, term loans, and legacy notes for comprehensive debt restructuring.
Cash bridge shows unrestricted cash dropped from $551M (6/30/2025) to $226M (12/31/2025); Q4 AEBITDA was $98M.
Expects $87M FEMA proceeds in week of April 18, 2026, as part of 13-week cash forecast.

item 4.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

New Fortress Energy Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On March 15, 2026, the Audit Committee (the “ Audit Committee ”) of the Board of Directors of New Fortress Energy Inc. (the “ Company ”), based on the recommendation of management, determined that the Company’s previously issued audited consolidated financial statements for the years ended December 31, 2024 and 2023 included in its Annual Report on Form 10-K/A filed on June 30, 2025, and each of the Company’s previously issued unaudited condensed consolidated financial statements included in its Quarterly Reports on Form 10-Q as of and for each of the interim periods in 2025 and 2024 (each a “ Prior Period Financial Statement ” and collectively the “ Prior Period Financial Statements ”), should no longer be relied upon due to the impact of errors as described below.

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New Fortress Energy Inc. filing history →

Source: SEC EDGAR

accession 0001749723-26-000008

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