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Articles from New Fortress Energy Inc.

Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2024 through February 14, 2025. This will be payable on February 18, 2025 to all Series A preferred unitholders of record as of February 10, 2025.
By New Fortress Energy Inc. · Via Business Wire · January 31, 2025
New Fortress Energy Signs Gas Supply Agreement with Energiza in Puerto Rico
New Fortress Energy Inc. (NASDAQNFE) (“NFE”) today announced the execution of a 20-year gas supply agreement (“GSA”) with Energiza to provide natural gas to a 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico, located adjacent to NFE’s existing San Juan LNG import terminal. The Energiza power plant will be the first power plant constructed in Puerto Rico since 1995 and is expected to commence operations in 2028.
By New Fortress Energy Inc. · Via Business Wire · January 22, 2025
New Fortress Energy Executes 10 Year Charter for Energos Eskimo
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) has executed a 10 year charter agreement for the Energos Eskimo, a 160,000 m3 floating storage and regasification unit, with the Egyptian Natural Gas Holding Company (“EGAS”). The Eskimo will be deployed to EGAS’ LNG import terminal located at Ain Sokhna, Egypt and is expected to begin operations in the summer of 2025.
By New Fortress Energy Inc. · Via Business Wire · December 11, 2024
New Fortress Energy Financing Update
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the Company’s outstanding senior secured notes maturing in 2026 and 2029. This transaction is the second and final step of the Company’s $2.7 billion issuance of new senior secured notes due 2029. The $2.7 billion of new senior secured notes will trade as a single class.
By New Fortress Energy Inc. · Via Business Wire · December 9, 2024
New Fortress Energy Financing Update
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce the completion of the first step of the Company’s $2.7 billion issuance of new senior secured notes due 2029 (the “Transaction”).
By New Fortress Energy Inc. · Via Business Wire · November 26, 2024
New Fortress Energy Announces Third Quarter 2024 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter of 2024.
By New Fortress Energy Inc. · Via Business Wire · November 7, 2024
New Fortress Energy Schedules Third Quarter 2024 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the third quarter 2024 prior to 8:00 A.M. Eastern Time on Thursday, November 7th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · November 1, 2024
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2024 through November 14, 2024. This will be payable on November 15, 2024 to all Series A preferred unitholders of record as of November 8, 2024.
By New Fortress Energy Inc. · Via Business Wire · October 29, 2024
New Fortress Energy Provides Update on its Initial FLNG Asset
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce that its initial Fast LNG unit has completed its third cargo loading today. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico.
By New Fortress Energy Inc. · Via Business Wire · October 25, 2024
New Fortress Energy Names Andrew Dete President
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce that its board of directors has agreed to appoint Andrew Dete, Managing Director, to the role of President of NFE, joining the senior management team of Chairman and CEO Wes Edens, General Counsel Cameron MacDougall and Chief Financial Officer Chris Guinta.
By New Fortress Energy Inc. · Via Business Wire · October 24, 2024
New Fortress Energy Announces ~$3 Billion of Comprehensive Debt and Equity Transactions
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today announced two transformative debt and equity transactions totaling approximately $3 billion upon completion.
By New Fortress Energy Inc. · Via Business Wire · October 2, 2024
New Fortress Energy Announces Completion of $400 Million Offering of Class A Common Stock
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announced today that it priced its underwritten public offering of 46,349,942 shares of its Class A common stock, par value $0.01 per share at a public offering price of $8.63 per share.
By New Fortress Energy Inc. · Via Business Wire · October 1, 2024
New Fortress Energy Provides Update on its Initial FLNG Asset
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today is pleased to provide an update on its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”).
By New Fortress Energy Inc. · Via Business Wire · September 30, 2024
NFE Announces Dividend Update
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that the Company has determined to delay the payment of the Company’s previously declared $0.10 per share Class A common stock dividend, with a record date of September 13, 2024 (the “Dividend”), until such time as the Company has reached an agreement with its noteholders to address the Company’s near-term maturities and liquidity requirements. The Company expects to reach an agreement with its noteholders in the near future, after which the Company will reevaluate the payment of the Dividend, including with respect to its amount and the timing of any potential payment.
By New Fortress Energy Inc. · Via Business Wire · September 30, 2024
NFE’s Fast LNG Asset Receives DOE Long-Term Authorization for LNG Export to Non-FTA Countries
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce that it has received authorization from the United States Department of Energy (“DOE”) to export up to ~1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 (“FLNG 1”) asset located offshore Altamira, Mexico for a term of five years. In combination with the previously received Free Trade Agreement authorization granted by the DOE, our FLNG 1 asset is now able to export LNG to markets and customers worldwide.
By New Fortress Energy Inc. · Via Business Wire · September 3, 2024
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) is pleased to announce that the scheduled maintenance outage of our 1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico (“FLNG”) has been completed, and the FLNG unit has returned to production as scheduled this morning.
By New Fortress Energy Inc. · Via Business Wire · August 19, 2024
New Fortress Energy Announces Second Quarter 2024 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2024.
By New Fortress Energy Inc. · Via Business Wire · August 9, 2024
New Fortress Energy Provides Update on its Initial FLNG Asset
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today is pleased to provide an update on its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”).
By New Fortress Energy Inc. · Via Business Wire · August 2, 2024
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from May 15, 2024, through August 14, 2024. This will be payable on August 15, 2024, to all Series A preferred unitholders of record as of August 8, 2024.
By New Fortress Energy Inc. · Via Business Wire · July 29, 2024
New Fortress Energy Announces Closing of $700 Million Loan for Second FLNG Unit
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today announced that after successfully producing LNG at its first FLNG unit (“FLNG 1”), the Company has closed its previously announced $700 million loan for its second FLNG unit (“FLNG 2”). Now operational, FLNG 1 expects to deliver its first cargo in August and enter full production thereafter.
By New Fortress Energy Inc. · Via Business Wire · July 23, 2024
New Fortress Energy Achieves First LNG for its Fast LNG Asset
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico (“FLNG”). With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed.
By New Fortress Energy Inc. · Via Business Wire · July 19, 2024
New Fortress Energy Schedules Second Quarter 2024 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the second quarter 2024 prior to 8:00 A.M. Eastern Time on Friday, August 9th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · July 18, 2024
New Fortress Energy Announces Launch of Klondike Digital Infrastructure to Develop Data Center Solutions
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces the launch of Klondike Digital Infrastructure (“Klondike”), a power and data center development business dedicated to working with hyperscale clients to build and operate data centers. This venture comes in response to a significant need for turnkey digital infrastructure to support the next stage of explosive growth in artificial intelligence (“AI”).
By New Fortress Energy Inc. · Via Business Wire · July 2, 2024
New Fortress Energy Agrees to Sell Miami Liquefaction and Storage Facility
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announced that it has entered into a definitive agreement to sell its liquefaction and storage facility in Miami, Florida (“Miami Facility”) to a U.S. middle-market infrastructure fund. The transaction is expected to close in the third quarter of 2024 subject to customary terms and conditions.
By New Fortress Energy Inc. · Via Business Wire · July 1, 2024
NFE Announces First LNG in Days and First Cargo in July
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) announces First LNG in the coming days and First Cargo in July.
By New Fortress Energy Inc. · Via Business Wire · June 14, 2024
New Fortress Energy Announces First Quarter 2024 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the first quarter of 2024.
By New Fortress Energy Inc. · Via Business Wire · May 8, 2024
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from February 15, 2024, through May 14, 2024. This will be payable on May 15, 2024, to all Series A preferred unitholders of record as of May 8, 2024.
By New Fortress Energy Inc. · Via Business Wire · April 24, 2024
New Fortress Energy Signs EPC Contract and Begins Construction of 1.6 GW Power Plant to Serve 15-Year Agreement in Brazil
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) today announced that it has finalized and executed an engineering, procurement and construction contract (the “EPC Contract”) with a consortium formed by Mitsubishi Power Americas and Andrade Gutierrez (the “MHI/AG Consortium”) for a 1.6 GW power plant to be built adjacent to the Barcarena LNG terminal. NFE has also issued full Notice to Proceed to the MHI/AG Consortium to begin construction work under the contract. The power plant will provide firm power capacity under the previously announced 15-year Capacity Reserve Contract (“Agreement”) that NFE acquired from Denham Capital and CEIBA Energy, which closed in March 2024.
By New Fortress Energy Inc. · Via Business Wire · April 17, 2024
New Fortress Energy Schedules First Quarter 2024 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the first quarter 2024 prior to 8:00 A.M. Eastern Time on Wednesday, May 8th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · April 15, 2024
New Fortress Energy Completes Previously Announced Acquisition and Transfer of 1.6 GW, 15-year Contracted Power Asset in Brazil
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) has completed the previously announced acquisition and transfer of a 1.6 GW Capacity Reserve Contract (“PortoCem PPA” or “PPA”) from Ceiba Energy, a portfolio company of Denham Capital, in exchange for newly issued NFE redeemable Series A Convertible Preferred Stock and the assumption of certain liabilities from a subsidiary of Ceiba Energy.
By New Fortress Energy Inc. · Via Business Wire · March 20, 2024
New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) today announced the early results of its previously announced cash tender offer (the “Tender Offer”) to purchase for cash up to $375,000,000 in aggregate principal amount (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 6.750% Senior Secured Notes due 2025 (the “Notes”), subject to the terms and conditions set forth in the Offer to Purchase, dated March 5, 2024 (as amended, the “Offer to Purchase”). Capitalized terms used but not defined herein have the meaning given to them in the Offer to Purchase.
By New Fortress Energy Inc. · Via Business Wire · March 19, 2024
New Fortress Energy Announces Transformative Transactions in Puerto Rico
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) is pleased to announce two transactions that further solidify our commitment to providing affordable and sustainable energy solutions in Puerto Rico.
By New Fortress Energy Inc. · Via Business Wire · March 18, 2024
New Fortress Energy Announces Upsizing and Pricing of $750 Million of Senior Secured Notes
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”). The aggregate principal amount represents an increase in the size of the offering of $250 million from the previously announced offering of $500 million. The Notes will bear interest at 8.750% per annum and will be issued at an issue price equal to 100% of principal, plus accrued interest, if any, from March 8, 2024. The closing of the offering is subject to certain limited conditions.
By New Fortress Energy Inc. · Via Business Wire · March 5, 2024
New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) previously announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $250,000,000 in aggregate principal amount of its outstanding 6.750% Senior Secured Notes due 2025 (the “Notes”). The Company hereby amends the Tender Offer to purchase for cash up to $375,000,000 in aggregate principal amount of the Notes (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”).
By New Fortress Energy Inc. · Via Business Wire · March 5, 2024
New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash up to $250,000,000 in aggregate principal amount (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Principal Amount”) of its outstanding 6.750% Senior Secured Notes due 2025 (the “Notes”). The Tender Offer is being made pursuant to an Offer to Purchase, dated March 5, 2024 (the “Offer to Purchase”).
By New Fortress Energy Inc. · Via Business Wire · March 5, 2024
New Fortress Energy Announces Proposed Offering of $500 Million of Senior Secured Notes
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced today that it intends to offer $500 million aggregate principal amount of senior secured notes due 2029 (the “Notes”) in a private offering, subject to market and other conditions.
By New Fortress Energy Inc. · Via Business Wire · March 4, 2024
New Fortress Energy Places Terminal Gas Sul LNG Terminal in Santa Catarina, Brazil into Operation
New Fortress Energy, Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that its Terminal Gas Sul (“TGS”) LNG terminal located in Santa Catarina, Brazil, is now operational with the Energos Winter Floating Storage Regasification Unit (FSRU) on-site.
By New Fortress Energy Inc. · Via Business Wire · March 1, 2024
New Fortress Energy Announces Record Fourth Quarter and Full Year 2023 Results
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.
By New Fortress Energy Inc. · Via Business Wire · February 29, 2024
New Fortress Energy Places Barcarena LNG Terminal in Pará, Brazil into Operation
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today announced that its 6 MTPA (300 TBtu) Barcarena LNG terminal located in Pará, Brazil is now operational with the Energos Celsius Floating Storage Regasification Unit (FSRU) on-site. NFE cohosted an event on-site to celebrate the terminal’s commissioning with the state government of Pará and the Ministry of Mines and Energy for Brazil, including Helder Barbalho, the Governor of Pará, and Alexandre Silveira, the Minister of Mines and Energy for Brazil.
By New Fortress Energy Inc. · Via Business Wire · February 29, 2024
New Fortress Energy Completes Sale of Stake in Energos Infrastructure
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced that it has completed the sale of its 20% equity interest in Energos Infrastructure (“Energos”) to funds managed by Apollo NYSE: APONYSEAPO)
By New Fortress Energy Inc. · Via Business Wire · February 15, 2024
New Fortress Energy Schedules Fourth Quarter 2023 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the fourth quarter 2023 prior to 8:00 A.M. Eastern Time on Thursday, February 29th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · February 2, 2024
New Fortress Energy Receives Customs Ruling for Its FLNG Facility
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced that U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at the Company’s FLNG facility located offshore Altamira, Mexico by non-U.S. qualified vessels would not violate the Jones Act.
By New Fortress Energy Inc. · Via Business Wire · January 29, 2024
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2023, through February 14, 2024. This will be payable on February 15, 2024, to all Series A preferred unitholders of record as of February 8, 2024.
By New Fortress Energy Inc. · Via Business Wire · January 24, 2024
New Fortress Energy Adds 1.6 GW, 15-year Contracted Power Asset to Existing Brazilian Infrastructure Portfolio
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced that it has entered into a definitive agreement to acquire a 1.6 GW Capacity Reserve Contract (“PortoCem PPA” or “PPA”) from Ceiba Energy, a portfolio company of Denham Capital, in exchange for newly issued NFE redeemable Series A Convertible Preferred Stock and the assumption of certain liabilities from a subsidiary of Ceiba Energy.
By New Fortress Energy Inc. · Via Business Wire · December 27, 2023
New Fortress Energy Announces Third Quarter 2023 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter of 2023.
By New Fortress Energy Inc. · Via Business Wire · November 8, 2023
New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023
New Fortress Energy Inc. (NASDAQNFE) announced that it has executed definitive agreements with the Brazilian development bank, Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”), and funds managed by Lumina Capital Management (“Lumina”) and BTG Asset Management (“BTG”) to fund up to $575 million in asset-based financing. These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal. The power plant, located adjacent to NFE’s LNG import terminal at the mouth of the Amazon river, is on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.
By New Fortress Energy Inc. · Via Business Wire · November 7, 2023
New Fortress Energy Signs FSRU Charter to Start Operations of LNG Import Terminal in Santa Catarina, Brazil in January 2024
New Fortress Energy Inc. (NASDAQNFE) announced that it has executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”), NFE’s newest LNG import terminal in Santa Catarina, Brazil which will start commercial operations ahead of schedule in January 2024.
By New Fortress Energy Inc. · Via Business Wire · November 6, 2023
New Fortress Energy Announces Closing of $856 Million Term Loan
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due 2028 (the “Term Loan”). The Term Loan will bear interest at SOFR + 5.00% per annum and will include a prepayment option. The Company intends to use the net proceeds from the offering, together with cash on hand, to invest in projects and repay our existing bridge facility.
By New Fortress Energy Inc. · Via Business Wire · October 30, 2023
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2023, through November 14, 2023. This will be payable on November 15, 2023, to all Series A preferred unitholders of record as of November 8, 2023.
By New Fortress Energy Inc. · Via Business Wire · October 27, 2023
New Fortress Energy Schedules Third Quarter 2023 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the third quarter 2023 prior to 8:00 A.M. Eastern Time on Wednesday, November 8th, 2023. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · October 11, 2023
New Fortress Energy Places 200+ MW In Service in Puerto Rico and Completes Final Sailaway for FLNG 1
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced that it has placed into service its second U.S. government sponsored power plant in Puerto Rico on Wednesday, September 27th. This facility in San Juan has a capacity of 200+ MW of power generation and operates under a 2-year contract, similar to the 150 MW facility in Palo Seco that entered service in June under the same program. Both power installations operate under multi-year contracts with the U.S. government, which pays for fuel, logistics, and all power infrastructure.
By New Fortress Energy Inc. · Via Business Wire · September 29, 2023
New Fortress Energy Announces Second Quarter 2023 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2023.
By New Fortress Energy Inc. · Via Business Wire · August 8, 2023
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from May 15, 2023 through August 14, 2023. This will be payable on August 15, 2023 to all Series A preferred unitholders of record as of August 8, 2023.
By New Fortress Energy Inc. · Via Business Wire · July 27, 2023
New Fortress Energy Schedules Second Quarter 2023 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the second quarter 2023 prior to 8:00 A.M. Eastern Time on Tuesday, August 8th, 2023. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · July 13, 2023
New Fortress Energy Receives Mexico Export Authorization For Altamira Fast LNG Project
New Fortress Energy Inc. (NASDAQNFE) announced that it has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (Secretaría de Energía (SENER)).
By New Fortress Energy Inc. · Via Business Wire · June 2, 2023
New Fortress Energy Announces First Quarter 2023 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the first quarter of 2023.
By New Fortress Energy Inc. · Via Business Wire · May 4, 2023
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from February 15, 2023 through May 14, 2023. This will be payable on May 15, 2023 to all Series A preferred unitholders of record as of May 8, 2023.
By New Fortress Energy Inc. · Via Business Wire · April 25, 2023
New Fortress Energy Schedules First Quarter 2023 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the first quarter 2023 prior to 8:00 A.M. Eastern Time on Thursday, May 4th, 2023. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · April 10, 2023
New Fortress Energy Signs Contract To Provide 150MW Of Fast Power In Puerto Rico
New Fortress Energy Inc. (NASDAQNFE) announced that its Puerto Rico subsidiaries, NFE Power PR LLC and NFEnergia LLC, have entered into agreements with Weston Solution, Inc. (“Weston”) for the installation and operations of 150 MW of additional power generation at the Palo Seco Power Plant in Puerto Rico as well as the supply of natural gas.
By New Fortress Energy Inc. · Via Business Wire · March 17, 2023
New Fortress Energy Announces Fourth Quarter and Full Year 2022 Results
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, 2022.
By New Fortress Energy Inc. · Via Business Wire · February 28, 2023
New Fortress Energy Sells Stake in Hilli for Cash and Return of Remaining NFE Shares Held by Golar
New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQNFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE’s ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.
By New Fortress Energy Inc. · Via Business Wire · February 6, 2023
New Fortress Energy Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the fourth quarter and full year 2022 prior to 8:00 A.M. Eastern Time on Tuesday, February 28th, 2023. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · February 3, 2023
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from November 15, 2022 through February 14, 2023. This will be payable on February 15, 2023 to all Series A preferred unitholders of record as of February 7, 2023.
By New Fortress Energy Inc. · Via Business Wire · January 26, 2023
NFE Subsidiary Genera Awarded Contract to Manage Puerto Rico’s Power Generation System
New Fortress Energy (NASDAQNFE) announced today that Genera PR LLC (“Genera”), an independently managed subsidiary of NFE, has been selected by the Puerto Rico Public-Private Partnerships Authority (“P3A”) for a 10-year Operation and Maintenance Agreement (the “Agreement”) with the Puerto Rico Electric Power Authority (“PREPA”).
By New Fortress Energy Inc. · Via Business Wire · January 25, 2023
New Fortress Energy Inc. Announces Pricing of Secondary Offering of Common Stock
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced today the pricing of the previously announced secondary public offering of 6,900,000 shares of its common stock by Energy Transition Holdings LLC (the “Selling Stockholder”), an entity managed by Great Mountain Partners LLC, at a price to the public of $46.00 per share. The 6,900,000 shares of common stock being sold in this offering represent approximately 3.3% of the Company’s outstanding common stock as of the close of business on December 13, 2022 and represent 21.3% of the shares held by the Selling Stockholder in the Company as of that date. The Company will not receive any proceeds from the sale of the shares by the Selling Stockholder. The offering is expected to close on December 19, 2022, subject to customary closing conditions.
By New Fortress Energy Inc. · Via Business Wire · December 14, 2022
New Fortress Energy Inc. Announces Proposed Secondary Offering of Common Stock
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) announced today the commencement of a proposed underwritten secondary public offering of 6,900,000 shares of the Company’s common stock by Energy Transition Holdings LLC (the “Selling Stockholder”), an entity managed by Great Mountain Partners LLC. The 6,900,000 shares of common stock being sold in this offering represent approximately 3.3% of the Company’s outstanding common stock as of the close of business on December 13, 2022 and represent 21.3% of the shares held by the Selling Stockholder in the Company as of that date. The Company is not selling any shares and will not receive any proceeds from the proposed offering.
By New Fortress Energy Inc. · Via Business Wire · December 14, 2022
NFE Announces Update to Dividend Policy, Plan to Return Significant Capital to Shareholders
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) announced today that its Board of Directors (the “Board”) has approved an update to NFE’s dividend policy following a comprehensive evaluation. This update is part of NFE’s plan to return significant capital to its shareholders while continuing to fund substantial growth.
By New Fortress Energy Inc. · Via Business Wire · December 12, 2022
NFE Finalizes Agreements with Pemex to Complete Lakach Offshore Gas Field, Deploy FLNG Solution
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) announced today that it has finalized its agreements with Petróleos Mexicanos (“Pemex”), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico.
By New Fortress Energy Inc. · Via Business Wire · November 22, 2022
New Fortress Energy Announces Third Quarter 2022 Results
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the third quarter of 2022.
By New Fortress Energy Inc. · Via Business Wire · November 8, 2022
NFE Increases 2022 and 2023 Earnings Goals, Hosts FLNG Investor Day at Shipyard in Texas
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) announced today at its FLNG Investor Day in Texas that the Company is raising its full year 2022 Illustrative Adjusted EBITDA Goal(1) to ~$1.1 billion (from $1.0+ billion) and its full year 2023 Illustrative Adjusted EBITDA Goal to ~$2.5+ billion (from $1.5+ billion).
By New Fortress Energy Inc. · Via Business Wire · November 2, 2022
NFE Finalizes Agreements with CFE in Mexico, Including Plans for Offshore FLNG Hub Near Altamira
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) announced today that it has finalized its agreements with Comisión Federal de Electricidad (“CFE”) as part of a growing strategic alliance supported by His Excellency Andrés Manuel López Obrador, the President of Mexico, and by Manuel Bartlett, the CEO of CFE.
By New Fortress Energy Inc. · Via Business Wire · October 28, 2022
Golar LNG Partners LP Series A Preferred Cash Distribution
Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQNFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2022 through November 14, 2022. This will be payable on November 15, 2022 to all Series A preferred unitholders of record as of November 7, 2022.
By New Fortress Energy Inc. · Via Business Wire · October 26, 2022
New Fortress Energy Schedules Third Quarter 2022 Earnings Release and Conference Call
New Fortress Energy Inc. (NASDAQNFE) (the “Company”) plans to announce its financial results for the third quarter 2022 prior to 8:00 A.M. Eastern Time on Tuesday, November 8th, 2022. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
By New Fortress Energy Inc. · Via Business Wire · October 7, 2022
NFE and EBRASIL Complete the Sale of the 1.6 GW CELSE Power Plant to Eneva S.A.
New Fortress Energy Inc. (NASDAQNFE) (“NFE”) announced today that it, along with its joint venture partner Ebrasil Energia Ltda. (“Ebrasil”), has closed the sale of the Centrais Elétricas de Sergipe (“CELSE”) Power Plant to Brazilian power company Eneva S.A. (“Eneva”). The transaction was initially announced by NFE on June 1, 2022.
By New Fortress Energy Inc. · Via Business Wire · October 3, 2022
NFE Schedules FLNG Investor Day in Texas
New Fortress Energy Inc. (NASDAQNFE) (“NFE” or the “Company”) announced today that the Company plans to host an FLNG Investor Day at the Kiewit Offshore Services (“KOS”) shipyard near Corpus Christi, Texas, on Wednesday, November 2nd, 2022, beginning at 10:00 A.M. Central Time. Specializing in the fabrication and integration of offshore projects, the 555-acre KOS facility is home to NFE’s Fast LNG program and the ongoing conversion of marine infrastructure into floating liquefaction units.
By New Fortress Energy Inc. · Via Business Wire · September 20, 2022