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New Fortress Energy Inc. (NASDAQ: NFE) is an integrated gas-to-power company founded in 2014 by Wes Edens. Headquartered in New York, the company develops, owns, and operates liquefied natural gas (LNG) terminals, floating storage units, and natural gas-fired power plants. Its mission is to deliver energy solutions through a turnkey model encompassing procurement, liquefaction, logistics, shipping, and on-site generation.
Corporate Structure and Workforce
New Fortress Energy employs between 501 and 1,000 individuals across its global operations. The company is organized into two primary segments:
- Terminals & Infrastructure (T&I): LNG import and export terminals, regasification facilities, and related storage.
- Ships: A fleet of floating LNG vessels equipped with Fast LNG liquefaction units and floating storage units (FSUs).
The senior management team includes professionals with experience in the energy sector and relevant engineering specialties focused on project development and operations.
LNG Infrastructure by Possessed Photography
Project Portfolio and Developments
New Fortress Energy’s facilities and initiatives include:
- Puerto Rico Facility: Commissioned in April 2020 at the Port of San Juan, supplying LNG to the San Juan Combined Cycle Power Plant.
- Shannon LNG Project (Ireland): Under development on the Shannon Estuary to increase Ireland’s gas-supply diversity.
- Nicaragua Facility: Planned LNG receiving, storage, regasification, and power generation near Puerto Sandino.
- Mexico Facility & Merchant Power Plant: Commissioned in 2021 at the Port of Pichilingue, Baja California Sur.
- Barcarena & Santa Catarina Terminals (Brazil): Both commissioned in 2024, serving northern and southern Brazil, respectively.
- Altamira Fast LNG (Mexico): In collaboration with CFE, deploying Fast LNG liquefaction infrastructure in Tamaulipas.
- Louisiana Fast LNG (U.S.): Developing offshore floating liquefiers 16 nautical miles off Grand Isle.
On August 8, 2025, the company implemented an amendment to its Letter of Credit and Reimbursement Agreement, converting the facility from uncommitted to committed status, extending maturity to November 14, 2025, and adjusting fee structures.
Financial and Strategic Analysis
As of September 16, 2025, NFE shares closed at $1.7897, reflecting a 29.69% gain on a volume of 2,282,125 shares. Key metrics (TTM unless otherwise noted):
- Market Capitalization: $674.5 million
- Enterprise Value: $9.9 billion
- Revenue: $2.13 billion
- Net Income: –$545.7 million (Profit Margin: –24.6%)
- Total Cash: $447.9 million; Total Debt/Equity: 503.6%
- Levered Free Cash Flow: –$2.22 billion
- Forward P/E: 2.05; Forward Dividend & Yield: $0.40 (16.26%), ex-dividend September 13, 2024
- 52-Week Range: $2.01–$16.66; 1-Year Analyst Target: $4.92
The company’s business model focuses on long-term LNG supply agreements, employing floating infrastructure to reduce gas acquisition costs and utilizing modular Fast LNG units for expedited project delivery.
Market Position and Industry Context
Operating in the global LNG and natural gas infrastructure sector, New Fortress Energy targets regions with constrained energy resources—Puerto Rico, Central America, Mexico, and Brazil. The company’s model aligns with a broader transition in the energy landscape, substituting heavy-fuel oil and diesel with natural gas. NFE competes in LNG terminal development and midstream shipping while addressing environmental, social, and governance (ESG) considerations. Notably, NFE was shortlisted for environmental awards in Brazil for initiatives related to water access and community oyster farming. Key industry challenges include commodity price fluctuations, regulatory approvals, and project execution risks.
tl;dr
On September 16, 2025, NFE shares increased by 29.69% to $1.7897 on high trading volume. On August 8, 2025, the company amended its letter-of-credit facility, extending maturity to November 14, 2025. Johnson Rice downgraded NFE from “Buy” to “Hold” on that day, reducing its price target from $7 to $4. The next earnings release is scheduled for September 9, 2025. NFE’s upcoming focus includes project advancements in Brazil and Mexico, liquidity management ahead of debt maturities, and potential opportunities resulting from global LNG demand.
