A Business at a Glance
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Items 1 and 2. Business and Properties Unless the context otherwise requires, references to “Company,” “NFE,” “we,” “our,” “us” or like terms refer to New Fortress Energy Inc. and its subsidiaries. We are a global energy infrastructure company founded to help address energy poverty and accelerate the world's transition to reliable, affordable and clean energy. We own and operate natural gas and liquefied natural gas ("LNG") infrastructure, and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets; additionally, we have expanded our focus to building our modular LNG manufacturing business. Our near-term mission is to provide modern infrastructure solutions to create cleaner, reliable energy while generating a positive economic impact worldwide. Our long-term mission is to become one of the world’s leading companies providing power free from carbon emissions by leveraging our global portfolio of integrated energy infrastructure.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 2.4B | 2.4B | 2.4B | 1.3B | 452M |
| Net Income | -1.3B | -270M | 548M | 194M | 97M | -182M |
| EPS | $-4.92 | $-1.25 | $2.65 | $0.93 | $0.47 | $-1.71 |
| Free Cash Flow | -1.7B | -2.0B | -2.2B | -819M | -585M | -283M |
| ROIC | -1.4% | 5.7% | 9.2% | 16.2% | 3.8% | -11.3% |
| Gross Margin | 44.0% | 55.0% | 63.6% | 57.3% | 53.4% | 38.3% |
| Debt/Equity | 15.57 | 5.03 | 4.33 | 3.57 | 2.21 | 3.38 |
| Dividends/Share | $0.02 | $0.30 | $3.50 | $0.47 | $0.43 | $0.32 |
| Operating Income | -279M | 539M | 943M | 737M | 239M | -155M |
| Operating Margin | -15.7% | 22.8% | 39.1% | 31.1% | 18.1% | -34.4% |
| ROE | -130.6% | -15.4% | 33.4% | 15.1% | 5.4% | -49.6% |
| Shares Outstanding | 285M | 216M | 207M | 209M | 207M | 107M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 97M | 112M | 189M | 452M | 1.3B | 2.4B | 2.4B | 2.4B | 1.8B |
| Gross Margin | 19.1% | 14.7% | 3.0% | 38.3% | 53.4% | 57.3% | 63.6% | 55.0% | 44.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 33M | 62M | 153M | 120M | 200M | 236M | 205M | 286M | 264M |
| EBIT | -25M | -58M | -187M | -155M | 239M | 737M | 943M | 539M | -279M |
| Op. Margin | -25.7% | -52.1% | -99.0% | -34.4% | 18.1% | 31.1% | 39.1% | 22.8% | -15.7% |
| Net Income | -32M | -78M | -34M | -182M | 97M | 194M | 548M | -270M | -1.3B |
| Net Margin | -32.6% | -69.5% | -17.9% | -40.3% | 7.3% | 8.2% | 22.7% | -11.4% | -73.1% |
| Non-Recurring | 0 | 0 | 251K | 0 | 0 | 51M | 40M | -61M | 986M |
| Returns on Capital | |||||||||
| ROIC | -115.0% | -27.6% | -4.8% | -11.3% | 3.8% | 16.2% | 9.2% | 5.7% | -1.4% |
| ROE | N/A | -27.6% | -39.9% | -49.6% | 5.4% | 15.1% | 33.4% | -15.4% | -130.6% |
| ROA | -145.7% | -11.2% | -3.0% | -9.5% | 1.4% | 2.5% | 5.2% | -2.3% | -10.9% |
| Cash Flow | |||||||||
| Op. Cash Flow | -55M | -93M | -234M | -126M | 85M | 355M | 825M | 587M | -135M |
| Free Cash Flow | -84M | -274M | -611M | -283M | -585M | -819M | -2.2B | -2.0B | -1.7B |
| Owner Earnings | -58M | -97M | -284M | -168M | -52M | 181M | 636M | 374M | -407M |
| CapEx | 29M | 181M | 377M | 157M | 669M | 1.2B | 3.0B | 2.6B | 1.6B |
| Maint. CapEx | 3.2M | 4.0M | 8.6M | 33M | 100M | 144M | 187M | 163M | 222M |
| Growth CapEx | 26M | 177M | 368M | 124M | 570M | 1.0B | 2.8B | 2.5B | 1.4B |
| D&A | 3.2M | 4.0M | 8.6M | 33M | 100M | 144M | 187M | 163M | 222M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 789.6% | 330.6% | 367.4% | 446.7% | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 34M | 89M | 99M | 724M | 65M | 7.0M |
| Dividend Yield | N/A | N/A | N/A | 1.5% | 1.3% | 1.3% | 11.2% | 1.5% | 4.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 0 | 41M | 8.7M | 37M | 30M | 1.6M | 51M | 51M |
| Debt Repayment | 5.8M | 77M | 5.0M | 1.5B | 461M | 1.5B | 687M | 3.8B | 3.1B |
| Balance Sheet | |||||||||
| Net Debt | N/A | 388M | 565M | 38M | 3.6B | 3.3B | 6.8B | 8.4B | 15.2B |
| Cash & Equiv. | 118M | 78M | 27M | 602M | 188M | 675M | 155M | 493M | 290M |
| Long-Term Debt | N/A | 0 | 619M | 1.2B | 3.8B | 4.5B | 6.5B | 8.4B | 2.3B |
| Debt/Equity | N/A | 1.93 | 7.30 | 3.38 | 2.21 | 3.57 | 4.33 | 5.03 | 15.57 |
| Interest Coverage | -3.9 | -5.2 | -9.6 | -2.4 | 1.5 | 3.1 | 3.4 | 1.6 | 1.6 |
| Equity | N/A | 283M | 85M | 367M | 1.8B | 1.3B | 1.6B | 1.9B | 995M |
| Total Assets | 22M | 699M | 1.1B | 1.9B | 6.9B | 7.7B | 10.5B | 12.9B | 11.9B |
| Total Liabilities | N/A | 417M | 736M | 1.5B | 4.9B | 6.3B | 8.7B | 10.8B | 10.8B |
| Intangibles | N/A | 43M | 44M | 46M | 143M | 86M | 52M | 180M | 196M |
| Retained Earnings | N/A | -158M | -46M | -230M | -132M | 62M | 528M | 196M | -858M |
| Working Capital | N/A | -251M | 109M | 571M | 22M | -22M | -726M | -97M | -6.6B |
| Current Assets | N/A | 154M | 211M | 762M | 585M | 1.4B | 980M | 1.6B | 1.3B |
| Current Liabilities | N/A | 405M | 102M | 191M | 563M | 1.4B | 1.7B | 1.7B | 8.0B |
| Per Share Data | |||||||||
| EPS | N/A | -0.46 | -1.62 | -1.71 | 0.47 | 0.93 | 2.65 | -1.25 | -4.92 |
| Owner EPS | N/A | -0.58 | -1.61 | -1.57 | -0.25 | 0.87 | 3.08 | 1.73 | -1.43 |
| Book Value | N/A | 1.68 | 0.48 | 3.45 | 8.67 | 6.17 | 7.93 | 8.68 | 3.50 |
| Cash Flow/Share | N/A | -0.56 | -1.33 | -1.18 | 0.41 | 1.70 | 3.99 | 2.72 | -3.79 |
| Dividends/Share | N/A | N/A | 0.00 | 0.32 | 0.43 | 0.47 | 3.50 | 0.30 | 0.02 |
| Shares Out. | N/A | 167.9M | 176.0M | 106.5M | 206.6M | 209.1M | 206.7M | 216.1M | 284.6M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 46.9 | 39.2 | 14.2 | N/A | -0.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | 34.4 | 15.5 | 15.0 | 20.4 | N/A |
| Price/Book | N/A | N/A | 29.3 | 14.0 | 2.5 | 5.9 | 4.7 | 1.7 | 0.2 |
| Price/Sales | N/A | N/A | 14.8 | 7.2 | 7.4 | 4.0 | 3.1 | 2.6 | 0.1 |
| FCF Yield | N/A | N/A | -24.6% | -5.5% | -12.8% | -10.8% | -28.3% | -65.2% | -985.5% |
| Market Cap | 0 | N/A | 2.5B | 5.1B | 4.6B | 7.6B | 7.8B | 3.1B | 176M |
| Avg. Price | 0.00 | N/A | 12.25 | 21.43 | 33.37 | 37.67 | 31.33 | 20.82 | 0.62 |
| Year-End Price | 0.00 | N/A | 14.13 | 48.24 | 22.06 | 36.41 | 37.65 | 14.45 | 0.62 |
New Fortress Energy Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 4.7% with a gross margin of 53.5%. Total shareholder yield (dividends) is 4.0%. At current prices, the estimated annualized return to fair value is +32.3%.
New Fortress Energy Inc. (NFE) has a 5-year average return on invested capital (ROIC) of 4.7%. This is below average and may indicate limited pricing power.
New Fortress Energy Inc. (NFE) has a market capitalization of $176M. It is classified as a small-cap stock.
Yes, New Fortress Energy Inc. (NFE) pays a dividend with a trailing twelve-month yield of 3.98%.
New Fortress Energy Inc. (NFE) operates in the Natural Gas Distribution industry, within the Utilities sector.
New Fortress Energy Inc. (NFE) reported annual revenue of $2.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
New Fortress Energy Inc. (NFE) has a net profit margin of -11.4%. The company is currently unprofitable.
New Fortress Energy Inc. (NFE) generated $-2.0 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
New Fortress Energy Inc. (NFE) has a debt-to-equity ratio of 5.03. This indicates higher leverage, which may increase financial risk.
New Fortress Energy Inc. (NFE) reported earnings per share (EPS) of $-1.25 in its most recent fiscal year.
New Fortress Energy Inc. (NFE) has a return on equity (ROE) of -15.4%. A negative ROE may indicate losses or negative equity.
New Fortress Energy Inc. (NFE) has a 5-year average gross margin of 53.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for New Fortress Energy Inc. (NFE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
New Fortress Energy Inc. (NFE) has a book value per share of $8.68, based on its most recent annual SEC filing.