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New Fortress Energy (NFE)
NASDAQ:NFE
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
1.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 12, 2019
|% Change Since: 51.20%
|Next Earnings Date:May 15, 2019
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with several highlights such as meeting EBITDA forecasts, progress in Brazil, and refinancing achievements, though it acknowledged challenges like reduced guidance for the next quarter and pending regulatory approvals for FLNG 2.Company Guidance
During the third quarter 2024 earnings call for New Fortress Energy (NFE), several financial and operational metrics were discussed. The company reported an adjusted EBITDA of $176 million, aligning closely with their previous forecast. There was a slight reduction in guidance for the fourth quarter due to maintenance affecting FLNG (Floating Liquefied Natural Gas) volumes, although the unit is now running well, with potential production optimizations discussed that might increase nameplate capacity by 3% to 10%. Notable financial maneuvers included refinancing and extending 100% of the 2025 corporate debt and two-thirds of the 2026 debt into a single class maturing in 2029, alongside a $400 million equity raise, enhancing the company’s liquidity. Operational highlights included the completion of the fourth cargo and strategic updates on construction in Brazil, with a 630-megawatt plant 80% complete. The company is pursuing strategic transactions to capitalize on its assets, with a focus on deleveraging and enhancing financial flexibility.Q3 Adjusted EBITDA
Achieved Q3 adjusted EBITDA of $176 million, meeting forecasts from last summer.
Brazil Construction Progress
Significant progress in Brazil, with Shell 2 reaching 80% completion and the Port of Zen project ahead of schedule at 25% completion.
Corporate Refinancing and Capital Formation
Refinanced and extended 100% of 2025 corporate debt and 2/3 of 2026 into a single class, and extended the majority of revolvers to 2027, adding significant liquidity.
FLNG Operational Performance
FLNG ran at 105% of nameplate capacity for 14 days, with potential short-term additions to increase capacity by 3% to 10%.
Strategic Asset Value
Highlighted significant value in Brazil, Jamaica, and Puerto Rico/FLNG1 assets, with long-term contracts and low construction risk, positioning them as attractive infrastructure investments.
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NFE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NFE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $9.59 | $9.46 | -1.36% |
| Aug 09, 2024 | $16.86 | $12.88 | -23.61% |
| May 08, 2024 | $25.76 | $26.13 | +1.44% |
| Feb 29, 2024 | $31.13 | $34.56 | +11.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New Fortress Energy (NFE) report earnings?
New Fortress Energy (NFE) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is New Fortress Energy (NFE) earnings time?
New Fortress Energy (NFE) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NFE EPS forecast?
NFE EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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