NASDAQ: NFE
New Fortress Energy Inc.CIK 0001749723 · Natural Gas Distribution
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NFE Brazil subsidiary issues $973.5M of 12% secured notes to refinance debt and fund operations
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New Fortress Energy stockholders approve 1-for-50 reverse split and major governance overhaul
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New Fortress Energy CAO Michael Lowe to resign July 1; Global Controller Fred Hundt promoted
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New Fortress Energy announces updates to UK Restructuring Plan implementation
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NFE in default across debt facilities, restructuring to divest Brazil ops and dilute equity 96%
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New Fortress Energy subsidiary secures $885M debt financing for Brazil operations
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New Fortress Energy receives Nasdaq delisting notice, plans reverse stock split
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NFE discloses going concern doubt, debt restructuring, and adverse audit opinion on controls
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Latest financial statements
From 10-Q filed May 14, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 185.2 | 384.9 |
| Cost of revenue / cost of sales | 199.7 | 302.4 |
| Operating expenses: | ||
| Selling, general and administrative | 47.5 | 51.8 |
| Total operating expenses | 452.3 | 484.8 |
| Operating income | (225.4) | (12.5) |
| Interest expense | 186.9 | 200.3 |
| Other income/(expense), net | 43.2 | 63.9 |
| Income before income taxes | (369.1) | (149.4) |
| Income tax expense/(benefit) | 31.5 | 26.1 |
| Net income | (400.6) | (175.4) |
| Basic earnings per share | (1.40) | (0.65) |
| Diluted earnings per share | (1.40) | (0.65) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 92.4 | 447.9 |
| Accounts receivable, net | 370.3 | 273.1 |
| Other receivables, net | 3.0 | |
| Inventories | 152.9 | 66.7 |
| Prepaid expenses and other current assets | 445.6 | 201.9 |
| Other current assets | 97.5 | 481.1 |
| Total current assets | 1,159 | 1,474 |
| Operating lease right-of-use assets, net | 228.2 | 447.9 |
| Identifiable intangible assets, net | 192.4 | 188.1 |
| Goodwill | 594.3 | |
| Deferred income taxes and other assets | 6.8 | |
| Other long-term assets | 8,815 | 10,372 |
| TOTAL ASSETS | 10,394 | 13,082 |
| Current liabilities: | ||
| Current portion of long-term debt | 7,181 | 260.8 |
| Line of credit | 73.9 | 168.6 |
| Accounts payable | 634.7 | 655.1 |
| Current portion of operating lease liabilities | 25.0 | 78.4 |
| Accrued liabilities | 844.1 | 268.1 |
| Income taxes payable | 90.2 | |
| Deferred revenue, current | 14.8 | 13.5 |
| Other current liabilities | 153.0 | (60.9) |
| Total current liabilities | 8,927 | 1,474 |
| Long-term debt | 1,106 | 8,932 |
| Operating lease liabilities | 259.1 | 352.9 |
| Deferred income taxes and other liabilities | 73.9 | 51.4 |
| Other long-term liabilities | 83.7 | 306.4 |
| Total liabilities | 10,449 | 11,116 |
| Redeemable preferred stock | 40.7 | |
| Shareholders' equity: | ||
| Common stock | 2.9 | 2.7 |
| Capital in excess of stated value | 1,779 | 1,723 |
| Accumulated other comprehensive income (loss) | 88.4 | 26.7 |
| Retained earnings (deficit) | (2,051) | (3.8) |
| Total shareholders' equity | (180.2) | 1,748 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 10,394 | 13,028 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (118.9) | (7.2) |
| Investing Activities: | ||
| Net cash from investing activities | (43.6) | (250.5) |
| Financing Activities: | ||
| Net cash from financing activities | (11.0) | 94.6 |
| Net increase/(decrease) in cash | (167.1) | (128.8) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗