New Fortress Energy Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock establishing terms, preferences, and voting rights (effective 2024-03-20).
“On March 20, 2024, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to designate 96,746 shares of the Series A Convertible Preferred Stock”
Material Agreements
New Fortress Energy Inc. entered into Registration Rights Agreement with Ceiba Energy Fundo de Investimento em Participações Multiestratégia- Investimento no Exterior (effective 2024-03-19).
“New Fortress Energy Inc. (the “Company”) entered into a Registration Rights Agreement, dated as of March 19, 2024 (the “Registration Rights Agreement”), with Ceiba Energy Fundo de Investimento em Participações Multiestratégia- Investimento no Exterior (“Ceiba Energy”) requiring the Company to register the resale of the shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”) underlying the Company’s 4.8% Series A Convertible Preferred Stock, par value $0.01 per share and liquidation preference of $1,000.00 per share (the “Series A Convertible Preferred Stock”), issued to Ceiba Energy in the Exchange.”
Debt Financings
New Fortress Energy Inc. incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent at 8.750% per annum maturing March 15, 2029.
“On March 8, 2024 (the "Issue Date"), New Fortress Energy Inc. (the "Company") closed its previously announced private offering of $750,000,000 aggregate principal amount of 8.750% senior secured notes due 2029 (the "Notes").”
Material Agreements
New Fortress Energy Inc. entered into 8.750% Senior Secured Notes due 2029 Indenture with U.S. Bank Trust Company, National Association valued at $750,000,000 aggregate principal amount of 8.750% senior secured notes due 2029 (effective 2024-03-08).
“On March 8, 2024 (the “Issue Date”), New Fortress Energy Inc. (the “Company”) closed its previously announced private offering of $750,000,000 aggregate principal amount of 8.750% senior secured notes due 2029 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of March 8, 2024 (the “Indenture”), by and among the Company, the subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent.”
Earnings Releases
New Fortress Energy Inc. reported fourth quarter and year ended December 31, 2023 results: net income Net income of $215 million in the fourth quarter of 2023 and $549 million in the full year 2023, EPS EPS of $1.06 on a fully diluted basis in the fourth quarter of 2023 and $2.65 in the full year 2023.
“New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the fourth quarter and for the year ended December 31, 2023.”
Earnings Releases
New Fortress Energy Inc. reported financial results for third quarter of 2023.
“On November 8, 2023 , New Fortress Energy Inc. (“NFE” or the “Company”) issued a press release announcing the Company’s financial and operating results for its fiscal quarter ended September 30, 2023.”
Debt Financings
New Fortress Energy Inc. incurred term loan of $856 million at Term SOFR plus 5.00% or at a base rate plus 4.00% maturing October 30, 2028.
“On October 30, 2023, New Fortress Energy Inc. (the "Company") entered into a credit agreement (the "Term Loan B Agreement") pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million (the "Term Loan B").”
Material Agreements
New Fortress Energy Inc. terminated August Term Loan Agreement (effective 2023-10-30).
“Term Loan B Credit Agreement and Prepayment of August Term Loan Agreement On October 30, 2023, New Fortress Energy Inc. (the “Company”) entered into a credit agreement (the “Term Loan B Agreement”) pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million (the "Term Loan B").”
Material Agreements
New Fortress Energy Inc. entered into Term Loan B Agreement valued at $856 million (effective 2023-10-30).
“On October 30, 2023, New Fortress Energy Inc. (the “Company”) entered into a credit agreement (the “Term Loan B Agreement”) pursuant to which the lenders funded a term loan to the Company in an aggregate principal amount of $856 million”
Earnings Releases
New Fortress Energy Inc. reported second quarter of 2023 results: revenue $561.3, net income $120.1, EPS $0.58. Guidance raised.
“record date of September 13, 2023 and a payment date of September 27, 2023. Financial Highlights Three Months Ended (in millions) March 31, 2023 June 30, 2023 Revenues $ 579.1 $ 561.3 Net income $ 151.6 $ 120.1 Diluted EPS $ 0.71 $ 0.58 Adjusted net income (16) $ 187.6 $ 119.2 Adjusted EPS (2) $ 0.90 $ 0.58 Terminals and Infrastructure Segment Operating Margin”
Shareholder Votes
New Fortress Energy Inc. shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-22 meeting.
“The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Shareholder Votes
New Fortress Energy Inc. shareholders approved Election of two Class I directors at the 2023-05-22 meeting.
“The Company’s stockholders elected two Class I directors, who comprise all the directors of such class, to serve until the 2026 Annual Meeting of Stockholders and until their respective successors are duly elected or appointed and qualified.”
Earnings Releases
New Fortress Energy Inc. reported first quarter of 2023 results: revenue $ 579.1, net income $ 151.6, EPS $ 0.71. Guidance initiated.
New Fortress Energy Inc. reported fourth quarter and year ended December 31, 2022 results: revenue $2,368.3, net income $184.8.
“an industrial hub in Texas Financial Highlights Three Months Ended Year Ended (in millions) September 30, 2022 December 31, 2022 December 31, 2022 Revenues $ 731.9 $ 546.4 $ 2,368.3 Net income $ 56.2 $ 65.8 $ 184.8 Adjusted net income $ 85.6 $ 182.7 $ 575.8 Terminals and Infrastructure Segment Operating Margin (15) $ 251.5 $ 196.0 $ 896.2 Ships Segment”
Material Agreements
New Fortress Energy Inc. entered into Underwriting Agreement with Energy Transition Holdings LLC (selling stockholder) and J.P. Morgan Securities LLC (underwriter) (effective 2022-12-14).
“On December 14, 2022, New Fortress Energy Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Energy Transition Holdings LLC, an entity managed by Great Mountain Partners LLC, in its capacity as selling stockholder (the “Selling Stockholder”), and J.P. Morgan Securities LLC, as underwriter (the “Underwriter”), in connection with the offer and sale by the Selling Stockholder of 6,900,000 shares (the “Shares”) of Class A Common Stock, par value $0.01 per share (the “Common Stock”), of the Company.”
Material Agreements
New Fortress Energy Inc. entered into Development Agreement with Pemex Exploración y Producción (PEP) (effective 2022-11-21).
“On November 21, 2022, indirect subsidiaries of New Fortress Energy Inc. (“NFE”), NFE Upstream Co, S. de R.L. de C.V. (“NFE Upstream”), a limited liability company organized under the laws of Mexico, FLNG Lakach Upstream Holdco Limited (“NFE UK”), a limited company organized under the laws of England and Wales, and Pemex Exploración y Producción (“PEP”), a “state production company” organized under the laws of Mexico and a subsidiary of Petróleos Mexicanos, the state-owned oil and gas company of Mexico, entered into an Integral Exploration and Extraction Service Contract (the “Development Agreement”), pursuant to which NFE Upstream will provide services to (the “Development Services”), and receive contractual payments from, PEP for the extraction, production and delivery of natural gas and condensates from the Lakach deep-water natural gas field in Mexican territorial waters in the Gulf of Mexico.”
Earnings Releases
New Fortress Energy Inc. reported financial results for third quarter of 2022.
“On November 8, 2022 , New Fortress Energy Inc. (“NFE” or the “Company”) issued a press release announcing the Company’s financial and operating results for its fiscal quarter ended September 30, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.