New Fortress Energy Inc
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New Fortress Energy Inc AI Insights
Informational only. Not investment advice.Snapshot
- Current debt of 6.6B exceeds market cap (335M) by 20x - imminent refinancing risk with 650M TTM interest expense consuming 37% of revenue[Current Debt]
- Revenue collapsed 42% YoY (1.8B TTM) while FCF is -1.7B - burning cash at unsustainable rate with only 145M cash on hand[Free Cash Flow]
- Debt/Equity of 9.4x with negative working capital of -6.6B signals severe liquidity stress and potential covenant violations[Debt to Equity]
Watch Triggers
- Current Debt: Any refinancing announcement or maturity extension — 6.6B current debt is existential - resolution determines equity survival
- Free Cash Flow: Quarterly FCF turns positive or burn rate slows >50% — Current -1.7B burn with 145M cash gives <1 quarter runway
- PPE: Asset sale or JV announcement >1B — Only realistic path to deleveraging without massive dilution
Bull Case
10.2B of LNG infrastructure (PPE) exceeds total debt of 9.3B - strategic asset sales or JV could resolve capital structure at premium to current 335M market cap
P/S of 0.19x vs industry median 2.6x implies 90%+ discount - any stabilization in operations could trigger significant re-rating
Bear Case
Interest expense of 650M TTM is 7.7x operating income (84M) - company cannot service debt from operations, making dilution or default likely
Revenue down 42% YoY and 24% over 3Y while burning 1.7B FCF - fundamental business deterioration, not just capital structure issue
Bull vs Bear Balance
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Forward Thesis
Liquidity crisis likely within 12 months without asset sales or equity raise
- 6.6B current debt vs 145M cash
- FCF of -1.7B TTM accelerating burn
- 650M annual interest exceeds operating income
10.2B PPE provides asset sale optionality but at distressed valuations
- PPE represents 86% of total assets
- LNG infrastructure has strategic value
- EV of 9.5B suggests market expects recovery
Valuation Context
Caveats
Public Strategies Rankings
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NFE Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$160.24M | — | ||
$9.32B | — | ||
0.00 | — | ||
$1.78B | -27.2% | — | |
$-4.92 | — | ||
4.73% | -24.6% | — | |
-71.8% | -79.7% | — | |
$-1.73B | — | ||
-99.8% | -112.6% | — | |
Beta 5Y (Monthly) | unknown | — |
NFE Dividend History
2024
$0.30002023
$3.94692022
$0.40002021
$0.40002020
$0.2000NFE Stock Splits
NFE SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/21/25 | 09/30/25 | 10-Q | |
09/05/25 | 06/30/25 | 10-Q | |
06/30/25 | 03/31/25 | 10-Q | |
06/30/25 | 12/31/24 | 10-K/A | |
03/10/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/09/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/08/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
06/30/25 | 12/31/22 | 10-K/A | |
03/01/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
03/01/22 | 12/31/21 | 10-K | |
11/03/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
03/16/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
08/04/20 | 06/30/20 | 10-Q | |
05/06/20 | 03/31/20 | 10-Q | |
03/04/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/13/19 | 06/30/19 | 10-Q | |
05/15/19 | 03/31/19 | 10-Q | |
03/26/19 | 12/31/18 | 10-K | |
01/31/19 | 09/30/18 | 424B4 | |
08/13/19 | 06/30/18 | 10-Q | |
05/15/19 | 03/31/18 | 10-Q | |
01/31/19 | 12/31/17 | 424B4 |