Get notified when NFE files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Critical incident detected

Existential event

Time-sensitive event — see the red-flag panel below for the source-quoted detail.

Red Flags Detected

  • Going Concern (worsened) — Going concern disclosure worsened from conditional substantial doubt (absent executing strategies) to definitive substantial doubt driven by actual debt defaults and missed interest payments; survival now depends on completing restructuring transaction.
  • Debt Default (new) — Company disclosed actual events of default across multiple debt facilities including missed interest payments, triggering forbearance under the restructuring support agreement; acceleration risk is material and immediate if RSA terminates.
  • Material Weakness (worsened) — Material weaknesses now include those identified in connection with a restatement covering multiple years and interim periods (2024, 2023, and interim periods in 2025/2024), indicating broader control failures than previously disclosed.
NASDAQ: NFE New Fortress Energy Inc. 10-Q

NFE: revenue $227.0M, net income -$400.6M. NFE in default across debt facilities, restructuring to divest Brazil ops and dilute equity 96%

Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q Jun 30, 2025 · ~2 min read

Key Changes

  • high

    Company is in default on substantially all funded debt (New 2029 Notes, Term Loan A/B, Revolving Credit, 2026/2029 Notes) after missing interest payments; defaults subject to forbearance under restructuring support agreement through closing or RSA termination.

    MD&A: Debt Default verify on EDGAR →
  • high

    Management concluded substantial doubt exists about ability to continue as going concern due to debt defaults and liquidity crisis; survival depends on completing restructuring transaction, which if unsuccessful would likely result in no recovery to stockholders.

    MD&A: Going Concern verify on EDGAR →
  • high

    Restructuring will separate Brazil business (Barcarena, Santa Catarina, PortoCem facilities) into BrazilCo owned 100% by certain creditors; existing Class A holders face up to 96% dilution as creditors receive 87% of fully-diluted shares via convertible preferred and 65% at closing.

    Risk Factors: Restructuring Transaction verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (DLTH 10-Q) is open in full — no account needed.

Partner

Trade NFE commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify