Highest-materiality recent filing
New Fortress Energy's Fast LNG unit offline after gas turbine mechanical failure; Q4 return targeted
NFE said its Fast LNG unit is offline following a mechanical issue with the facility's gas turbine, disclosed in the Oct. 5, 2026 filing.
Completed restructuring of ~$6.18B funded debt via UK Part 26A plans; High Court sanctioned June 18, 2026; effective Sept 11, 2026
New Fortress Energy completes comprehensive debt restructuring, splits into BrazilCo and CoreCo
On Sept 11, 2026, NFE consummated restructuring; creditors received 100% of BrazilCo equity, $571.3M new CoreCo term loans, and 10.6M common shares (65% of CoreCo).
New Fortress Energy CFO Christopher Guinta resigns, effective Aug. 21, 2026
Christopher S. Guinta announced resignation as CFO on Aug. 17, 2026, effective Aug. 21, 2026.
NFE Brazil subsidiary issues $973.5M of 12% senior secured notes due 2029
Issued $973.5M aggregate principal amount of 12.000% Senior Secured Notes due November 15, 2029.
New Fortress Energy shareholders approve 1-for-50 reverse split, charter amendments in restructuring
Stockholders approved a 1-for-50 reverse split of Class A common stock with 221,585,026 votes for.
New Fortress Energy receives UK court approval to convene creditor meetings on restructuring plan
High Court granted convening order on May 14, 2026 for Plan Companies to hold creditor meetings.
NFE subsidiary commits to $885M senior secured notes at 12% PIK; part of Brazil separation
$885M aggregate principal of senior secured notes due 2029, 12.00% PIK interest, no call protection or financial covenants.
New Fortress Energy receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on May 1, 2026 for closing bid price under $1.00 for 30 consecutive days.
New Fortress Energy closes $265.9M turbine sale-leaseback with Macquarie
Sold turbines to Macquarie Energy LLC for $265,882,500; net proceeds used to repay indebtedness.
New Fortress Energy enters forbearance until Sept 15, 2026 on Letter of Credit facility
Forbearance agreement with lenders under July 2021 Letter of Credit Agreement signed March 27, 2026.
New Fortress Energy extends credit maturity to Sep 2026, waives defaults
Entered 14th Amendment on March 19, 2026 extending Letter of Credit maturity to September 15, 2026.
Comprehensive debt restructuring of ~$5.7B in principal claims via exchange for equity and new debt.
NFE restates prior financials; enters restructuring support agreement with creditors
Restates FY2024, FY2023, and interim 2024/2025 financials due to cash flow misclassification of delayed vendor payments.
New Fortress Energy misses debt payments, enters forbearance agreements through Jan 9, 2026
Missed ~$30.6M TLB interest payment due Dec 10; event of default occurred Dec 17 after grace period expiration.
NFE extends forbearance on 12% notes to Jan 9; amends LC facility to keep $195M commitments
Forbearance period on 12% Senior Secured Notes due 2029 extended from Dec 15 to Jan 9, 2026.
Eleventh Amendment to Letter of Credit Agreement extends maturity to March 31, 2026.
NFE reports Q2 net loss $557M; Adjusted EBITDA -$4M; initiates strategic alternatives review
Net loss of $557M ($2.02 diluted EPS) vs. $86.9M loss a year ago; revenue $301.7M, down 29% YoY.
NFE receives Nasdaq delisting notice for late Q2 2025 10-Q filing
Received Nasdaq notice on Aug 19, 2025 for failure to timely file Form 10-Q for period ended June 30, 2025.
NFE Q1 net loss $197M, operating cash flow -$32M; late filing persists
Net loss of $197.4M in Q1 2025 vs net income $56.7M in Q1 2024; operating cash flow -$31.7M.
New Fortress Energy receives Nasdaq delisting notice for late Q1 2025 10-Q
Nasdaq notice for failure to file Q1 2025 Form 10-Q by May 20, 2025.
NFE closes $1.055B sale of Jamaica LNG business to Excelerate Energy; repays $279M debt
Closed sale of Jamaica assets (Montego Bay terminal, Old Harbour FSRU, 150 MW CHP plant) for $1.055B cash on May 14, 2025.
NFE completes $1.055B Jamaica sale to Excelerate; Q1 net loss $197M, Adj EBITDA $82M
Closed sale of Jamaica assets to Excelerate Energy for $1.055B; proceeds to reduce corporate debt.
Twelfth Amendment waives 75% asset sale prepay rule; allows $270M of sale proceeds to extend RCF tranche due Sept 30, 2025.
NFE sells Jamaica LNG assets to Excelerate Energy for $1.055B cash
Excelerate to acquire NFE's Montego Bay LNG terminal, Old Harbour FSRU, and 150 MW Clarendon power plant.
Second Amendment permits $425M incremental term loans plus exchange of $847.44M existing loans for new $1.272B total.
NFE beats Q4 EBITDA guidance; reports net loss on debt refinancing; Fast LNG in service
Adjusted EBITDA Q4 $313M (beat $200-220M guide); full year $950M (beat $835-855M).
On Jan 6, 2025, holder converted 20,000 Series B Preferred shares, requiring delivery of 2,208,612 common shares by Jan 21, 2025.
NFE closes $1.52B second tranche of 12% notes, issues 15.7M shares as fee
NFE Financing issued $1.520B aggregate principal of 12.000% Senior Secured Notes due 2029 to supporting holders on Dec 6, 2024.
NFE issues $1.2B of 12% Senior Secured Notes due 2029; redeems $875M 6.75% Notes due 2025
Issued ~$1.207B aggregate principal of 12% Senior Secured Notes due Nov 2029; net proceeds ~$1.2B.
New Fortress Energy amends credit facility; PortoCem unit plans R$4.5B debenture issuance
Second Amendment to credit agreement pledges equity in certain Unrestricted Subsidiaries and excludes Brazil assets from Excluded Assets.
NFE Q3 Adjusted EBITDA $176M, matches guidance; refinances $2.7B debt, raises $400M equity
Q3 revenue $567.5M, net income $11.3M ($0.03 EPS); Adjusted EPS $0.05.
NFE enters $2.7B debt restructuring: $1.2B subscription + $1.5B exchange of 12% notes due 2029
Issued $1.2B in new 12% Senior Secured Notes due 2029 via subscription and $1.5B via exchange for existing 6.5% and 8.75% notes.
New Fortress Energy raises ~$387M in stock offering, issues Series B Preferred to Ceiba
Underwritten public offering of 46,349,942 shares at $8.63 each; net proceeds ~$387.25M.
New Fortress Energy enters TSA to issue $1.2B 12% notes, exchange $1.4B notes, raise $250M equity
New Fortress Energy enters TSA with noteholders to refinance existing 2025/2026/2029 notes; issues $1.2B new 12% senior secured notes due 2029.
NFE prices $400M public offering at $8.63/share; CEO Edens buys 5.8M shares
46.35M shares of Class A common stock priced at $8.63/share for gross proceeds of ~$400M.
Company has long-term vessel charters with Energos currently below market; may sub-charter vessels not needed.
NFE delays dividend, faces tight liquidity; credit amendments require $250M equity raise by Oct 7
Credit amendments require $250M equity raise and $300M+ debt refinancing by Oct 7, 2024 to maintain covenant suspension.
Immediately following the consummation of the Transaction, the Board of Directors appointed Anthony M. Abate (62), Douglas S. Aron (52), Maria V. Gordon (52), Steven J. Pully (66) and William P. Wall (64) (each, a “New Director”) to serve as directors of the Company to fill the five (5) vacancies created by the aforementioned resignations.
Immediately following the consummation of the Transaction, the Board of Directors appointed Anthony M. Abate (62), Douglas S. Aron (52), Maria V. Gordon (52), Steven J. Pully (66) and William P. Wall (64) (each, a “New Director”) to serve as directors of the Company to fill the five (5) vacancies created by the aforementioned resignations.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
Immediately following the consummation of the Transaction, the Board of Directors appointed Anthony M. Abate (62), Douglas S. Aron (52), Maria V. Gordon (52), Steven J. Pully (66) and William P. Wall (64) (each, a “New Director”) to serve as directors of the Company to fill the five (5) vacancies created by the aforementioned resignations.
In accordance with the RSA discussed above in Item 1.01, the holders of a majority of the outstanding debt under the Revolving Credit Agreement designated Mr. Pully for appointment to the Board of Directors, and holders of a majority of the outstanding debt under the Term Loan B Credit Agreement, together with holders of a majority of the outstanding New 2029 Notes, designated Ms. Gordon and Messrs. Abate, Aron and Wall for appointment to the Board of Directors, with Mr. Wall designated as Non-Executive Chair of the Board of Directors, and designated Charles M. Sledge to continue to serve as a member of the Board of Directors.
Immediately following the consummation of the Transaction, the Board of Directors appointed Anthony M. Abate (62), Douglas S. Aron (52), Maria V. Gordon (52), Steven J. Pully (66) and William P. Wall (64) (each, a “New Director”) to serve as directors of the Company to fill the five (5) vacancies created by the aforementioned resignations.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
In connection with the consummation of the Transaction, each of Desmond Iain Catterall, David J. Grain, C. William Griffin, Timothy W. Jay, Randal A. Nardone and Katherine E. Wanner resigned from their positions as members of the Board of Directors, as well as their respective positions as members of various committees thereof, in each case, effective on the Closing Date substantially concurrently with the consummation of the Transaction.
On August 17, 2026, Christopher S. Guinta announced to New Fortress Energy Inc. (the “Company”) that he will resign from his role as Chief Financial Officer effective August 21, 2026.
Max materiality 1.00 · Median 0.75 · Most common event debt