Overview
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- TickerNFE on Nasdaq1
- Industryenergy industry1
- HeadquartersNew York, United States1
- Websitewww.newfortressenergy.com
- Incorporated inDE4
- Business address111 W. 19Th Street, 8Th Floor, New York, Ny 100114
- Filer categoryAccelerated filer4
- Legal formCorporation3
- LEI254900EICTYTCHA5X7053
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 70069443
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-95.0%Operating margin5
-155.3%Net margin5
-30.5%Revenue growth, 20255
-1003.0%Return on equity5
6.05×Debt to equity5
-$1.2BFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Terminals and Infrastructure brought in 92% of the revenue New Fortress Energy broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Terminals and Infrastructure | $2.1B | $2.0B | $1.4B |
| Ships | $293.6M | $170.6M | $119.3M |
Regions
Outside the United States brought in 62% of the revenue New Fortress Energy broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outside the United States | $1.4B | $1.3B | $936.2M |
| United States | $1.1B | $1.0B | $567.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$918.6M
- Selling, general and admin24¢$307.4M
- Income tax5¢$61.4M
Out of $1.2B in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $145.5M6 | $318.3M7 | $930.8M8 | $2.0B9 | $2.1B5 | $1.7B5 | $1.2B5 |
| Cost of revenue | $183.4M6 | $278.8M7 | $616.0M8 | $1.0B9 | $879.2M5 | $1.1B5 | $918.6M5 |
| Selling, general and admin | $152.9M6 | $120.1M7 | $199.9M8 | $236.1M9 | $203.4M5 | $293.4M5 | $307.4M5 |
| Operating expenses | $1.1B8 | $1.6B9 | $1.5B5 | $1.8B5 | $2.6B5 | ||
| Operating income | -$187.3M6 | -$155.4M7 | $238.9M8 | $737.4M9 | $935.7M5 | $528.5M5 | -$1.1B5 |
| Interest | $19.4M6 | $65.7M7 | $154.3M8 | $236.9M8 | $277.8M8 | ||
| Income before tax | $105.2M8 | $61.3M9 | $651.2M5 | -$174.2M5 | -$1.8B5 | ||
| Income tax | $439.0K6 | $4.8M7 | $12.5M8 | -$123.4M9 | $103.0M5 | $70.3M5 | $61.4M5 |
| Net income | -$33.8M6 | -$182.1M7 | $97.1M8 | $194.5M8 | $547.9M8 | -$244.5M5 | -$1.8B5 |
| Earnings per share | -$1.626 | -$1.717 | $0.498 | $0.939 | $2.665 | -$1.255 | -$6.635 |
| Earnings per share (diluted) | -$1.626 | -$1.717 | $0.478 | $0.939 | $2.655 | -$1.265 | -$6.635 |
| Shares (weighted, basic) | 198.6M shares8 | 209.5M shares9 | 205.9M shares5 | 217.6M shares5 | 278.5M shares5 | ||
| Shares (weighted, diluted) | 201.7M shares8 | 209.9M shares9 | 206.5M shares5 | 218.6M shares5 | 278.5M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $27.1M12 | $601.5M6 | $187.5M7 | $675.5M8 | $155.4M5 | $492.9M5 | $226.5M5 |
| Receivables | $208.5M7 | $280.3M8 | $343.0M5 | $331.4M5 | $452.0M5 | ||
| Inventory | $37.2M7 | $39.1M8 | $116.2M5 | $103.2M5 | $119.4M5 | ||
| Current assets | $211.1M12 | $762.0M6 | $584.9M7 | $1.4B8 | $982.8M5 | $1.6B5 | $1.3B5 |
| Goodwill | $760.1M7 | $776.8M8 | $793.1M5 | $782.7M5 | $05 | ||
| Intangible assets | $142.9M7 | $85.9M8 | $51.8M5 | $179.5M5 | $187.6M5 | ||
| Total assets | $1.1B12 | $1.9B6 | $6.9B7 | $7.7B9 | $10.5B5 | $12.9B5 | $10.6B5 |
| Accounts payable | $68.1M7 | $80.4M8 | $546.2M5 | $481.5M5 | $731.6M5 | ||
| Short-term debt | $97.3M7 | $64.8M8 | $292.6M9 | $539.1M5 | $7.1B5 | ||
| Current liabilities | $102.3M12 | $191.2M6 | $562.5M7 | $1.4B8 | $1.7B5 | $1.8B5 | $8.7B5 |
| Long-term debt | $619.1M12 | $1.2B6 | $3.8B7 | $4.5B8 | $6.5B5 | $8.4B5 | $1.1B5 |
| Total liabilities | $736.5M12 | $1.5B6 | $4.9B7 | $6.3B8 | $8.7B5 | $10.8B5 | $10.2B5 |
| Retained earnings | -$132.4M7 | $62.1M8 | $527.3M5 | $193.6M5 | -$1.7B5 | ||
| Shareholders’ equity | $84.8M12 | $367.0M6 | $1.8B7 | $1.3B8 | $1.6B5 | $1.9B5 | $182.6M5 |
| Shares outstanding | 206.9M shares7 | 208.8M shares8 | 205.0M shares5 | 266.5M shares5 | 284.6M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$234.3M6 | -$125.6M7 | $84.8M8 | $355.1M9 | $818.6M5 | $602.2M5 | -$583.4M5 |
| Depreciation and amortization | $99.5M8 | $143.6M9 | $161.4M5 | $159.3M5 | $242.3M5 | ||
| Stock-based compensation | $37.0M8 | $30.4M9 | $1.6M5 | $50.6M5 | $14.5M5 | ||
| Capital spending | $377.1M6 | $157.0M7 | $669.3M8 | $1.2B9 | $2.9B5 | $2.1B5 | $650.8M5 |
| Free cash flow | -$611.3M | -$282.6M | -$584.6M | -$818.9M | -$2.1B | -$1.5B | -$1.2B |
| Cash from investing | -$2.3B8 | -$82.7M9 | -$2.8B5 | -$1.6B5 | $465.8M5 | ||
| Dividends paid | $06 | $33.7M7 | $88.8M8 | $99.0M9 | $724.0M5 | $65.3M5 | $3.5M5 |
| Cash from financing | $1.8B8 | $322.0M9 | $1.4B5 | $1.7B5 | -$543.6M5 |
Leadership
Who has led New Fortress Energy, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
20202025
- PresidentAndrew Dete Oct 28, 2024 to Oct 28, 202413
- Chief financial officerChristopher S. Guinta Jan 30, 2019 to now14
- Chief operating officerMichael J. Utsler Jan 30, 2019 to Mar 11, 201915
Board members and other officers (13)
- Chief Accounting OfficerFrederick William Hundt Jul 9, 2026 to now16
- Chief Accounting OfficerMichael Thomas Lowe May 14, 2025 to now17
- Chief Accounting OfficerJay Leitstein Jan 30, 2019 to Jan 30, 201918
- Chief Accounting OfficerYunyoung Shin Mar 29, 2019 to now19
- Board memberDoug S. Aron Sep 18, 2026 to now20
- Board memberMaria Vladimirovna Gordon Sep 18, 2026 to now21
- Board memberSteven J. Pully Sep 23, 2026 to now22
- Board memberCharles M. Sledge May 8, 2025 to now23
- Board memberDesmond Iain Catterall Jan 30, 2019 to May 31, 202324
- Board memberJohn J. Mack Jan 30, 2019 to May 16, 202425
- Board memberKatherine Wanner Jan 30, 2019 to Dec 23, 202226
- Board memberMatthew Wilkinson Jan 30, 2019 to Jan 3, 202327
- Board memberRandal A. Nardone Jan 30, 2019 to Jun 5, 202028
Subsidiaries and ownership
Owners
From Wikidata.1
Former names
Timeline
- Aug 6, 2018Founded New Fortress Energy is founded3
Filings
235 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 86 major events, 47 insider forms, 41 large holders, 39 other. The latest 20:
- Oct 14, 2026SCHEDULE 13D/A EDGAR
- Oct 7, 2026SCHEDULE 13G EDGAR
- Oct 7, 2026SCHEDULE 13G EDGAR
- Oct 6, 2026SCHEDULE 13G EDGAR
- Oct 5, 20268-K EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20263 EDGAR
- Sep 23, 20263 EDGAR
- Sep 22, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 18, 20263 EDGAR
- Sep 18, 20263 EDGAR
- Sep 18, 20263 EDGAR
- Sep 18, 2026SCHEDULE 13D EDGAR
- Sep 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 16, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 2026SCHEDULE 13D/A EDGAR
- Sep 15, 20268-K/A EDGAR
- Sep 15, 2026SCHEDULE 13D/A EDGAR
- Sep 11, 20268-A12B EDGAR
The 235 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
22 open-market trades by officers, directors and large owners since October 2021: 15 buys and 7 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | EDENS WESLEY RChief Executive Officer | Buy | 28,313 | Form 4 | ||
| Mar 13, 2025 | Guinta Christopher S.Chief Financial Officer | Buy | 5,000 | $8.57 | $42.9K | Form 4 |
| Mar 12, 2025 | EDENS WESLEY RChief Executive Officer | Buy | 100,000 | $9.07 | $907.0K | Form 4 |
| Mar 11, 2025 | EDENS WESLEY RChief Executive Officer | Buy | 200,000 | $8.77 | $1.8M | Form 4 |
| Oct 1, 2024 | EDENS WESLEY RChief Executive Officer | Buy | 5,793,742 | $8.63 | $50.0M | Form 4 |
| May 26, 2023 | Catterall Desmond IainDirector | Buy | 4,734 | $26.54 | $125.6K | Form 4 |
| May 24, 2023 | Jay Timothy W.Director | Buy | 2,250 | $27.87 | $62.7K | Form 4 |
| May 23, 2023 | Jay Timothy W.Director | Buy | 3,750 | $28.28 | $106.1K | Form 4 |
| Dec 30, 2022 | Wilkinson MatthewDirector | Sale | 4,000 | $42.28 | $169.1K | Form 4 |
| Dec 29, 2022 | Wilkinson MatthewDirector | Sale | 6,800 | $41.94 | $285.2K | Form 4 |
| Dec 28, 2022 | Griffin C. WilliamDirector | Buy | 10,000 | $41.06 | $410.6K | Form 4 |
| Dec 22, 2022 | Wanner KatherineDirector | Buy | 3,370 | $41.79 | $140.8K | Form 4 |
| Dec 20, 2022 | Griffin C. WilliamDirector | Buy | 116 | $44.20 | $5.1K | Form 4 |
| Dec 19, 2022 | Great Mountain Partners LLC10% owner | Sale | 6,900,000 | $45.56 | $314.4M | Form 4 |
| Sep 21, 2022 | Griffin C. WilliamDirector | Buy | 103 | $49.66 | $5.1K | Form 4 |
| Jun 28, 2022 | Griffin C. WilliamDirector | Buy | 131 | $39.12 | $5.1K | Form 4 |
| Apr 19, 2022 | Great Mountain Partners LLC10% owner | Sale | 300,000 | $45.28 | $13.6M | Form 4 |
| Apr 7, 2022 | Thomson Alexander10% owner | Sale | 19,943 | $41.54 | $828.4K | Form 4 |
| Apr 6, 2022 | Thomson Alexander10% owner | Sale | 280,057 | $41.62 | $11.7M | Form 4 |
| Apr 1, 2022 | Rotolo Jonathan10% owner | Sale | 400,000 | $44.86 | $17.9M | Form 4 |
All 22 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Lynn EdensSCHEDULE 13D/A, 1 filing Oct 14, 202629
- Capital World InvestorsSCHEDULE 13G, 8 filings Feb 13, 2023 to Oct 7, 202630
- KING STREET CAPITAL MANAGEMENT, L.P.SCHEDULE 13G, 1 filing Oct 7, 202631
- Strategic Value Partners, LLCSCHEDULE 13D, 1 filing Sep 18, 202632
- Randal A. NardoneSCHEDULE 13D/A, 2 filings May 22, 2023 to Sep 15, 202633
- Wesley R. EdensSCHEDULE 13D/A, 4 filings May 22, 2023 to Sep 15, 202634
- Rubric Capital Management LPSCHEDULE 13G/A, 3 filings Feb 13, 2025 to May 15, 202635
- BlackRockSCHEDULE 13G/A, 2 filings Jan 21, 2026 to Apr 27, 202636
- Peter LevinsonSCHEDULE 13D, 1 filing Mar 9, 202637
- Energy Transition Holdings LLCSCHEDULE 13G, 4 filings Apr 21, 2022 to Feb 17, 202638
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Apr 30, 2025 to Oct 31, 202539
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Aug 1, 202540
- PRIMECAP MANAGEMENT CO/CA/SCHEDULE 13G/A, 2 filings Nov 12, 2024 to May 13, 202541
- FIG Buyer GP, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Apr 4, 202542
- Encompass Capital Advisors LLCSCHEDULE 13G/A, 2 filings Oct 7, 2024 to Feb 14, 202543
- Michael B. DorrellSC 13G/A, 1 filing Feb 10, 202244
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 1, 2024 | Maria Elvira SalazarRepublican, House | Sale | $15,001 - $50,000 | +138.1% | Report |
| Oct 24, 2023 | Maria Elvira SalazarRepublican, House | Buy | $15,001 - $50,000 | −169.2% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- Websitewww.newfortressenergy.com1
- WikidataQ106239511
- SEC EDGARCIK 1749723
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataNew Fortress Energy on Wikidata
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- 13SEC EDGARAndrew Dete, President
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- 20SEC EDGARDoug S. Aron, Board member
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- 22SEC EDGARSteven J. Pully, Board member
- 23SEC EDGARCharles M. Sledge, Board member
- 24SEC EDGARDesmond Iain Catterall, Board member
- 25SEC EDGARJohn J. Mack, Board member
- 26SEC EDGARKatherine Wanner, Board member
- 27SEC EDGARMatthew Wilkinson, Board member
- 28SEC EDGARRandal A. Nardone, Board member
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