New Fortress Energy (NFE) Completes Sale Of Jamaica Assets &Amp; Operations To Excelerate Energy And Reports First Quarter 2025 Earnings Results

New Fortress Energy Inc. (NFE) today announced its financial results for the most recent quarter. The company reported revenue of $470.5 million, falling short of analysts’ expectations by approximately $104.7 million. Additionally, NFE’s earnings per share met estimates, reflecting a steady performance amid challenging market conditions.

Key Highlights:

• New Fortress Energy Inc. completed the sale of its Jamaican assets to Excelerate Energy for $1.055 billion.
• The proceeds from the sale will be used to reduce corporate debt and for general corporate purposes.
• The company reported total revenues of $470.5 million for Q1 2025, down from $690.3 million in Q1 2024.
• NFE experienced a net loss of $197.4 million for Q1 2025, compared to a net income of $56.7 million in the prior year.
• Management indicated that the sale of Jamaican assets is part of a strategic shift to focus on core operations and growth opportunities.

Summary: New Fortress Energy Inc. (NFE) has finalized the sale of its Jamaican assets to Excelerate Energy for $1.055 billion, marking a pivotal moment in the company’s strategy to streamline operations and reduce corporate debt. In its earnings report for the first quarter of 2025, NFE reported total revenues of $470.5 million, a significant decline from $690.3 million in the same quarter of the previous year. The company also faced a net loss of $197.4 million, contrasting sharply with a net income of $56.7 million in Q1 2024.

Management has emphasized that this divestiture aligns with their strategic focus on core operations and new growth opportunities. The decision to sell the Jamaican assets is expected to enhance the company’s concentration on its primary business areas, potentially leading to improved financial performance in the future. This strategic shift is anticipated to allow NFE to better allocate resources and pursue developments in other regions, particularly in Brazil, Nicaragua, and Puerto Rico, where growth prospects remain promising.

New Fortress Energy Inc. (NFE) has experienced a tumultuous ride in the stock market, with a staggering 73.60% decline over the past year, reflecting significant investor concerns. The recent price changes indicate a sharp rebound of 22.40% in just one week, suggesting a potential turnaround or speculative trading activity. However, the company’s fundamentals paint a more troubling picture, with a negative price-to-earnings ratio of -5.31 and a two-year compound annual growth rate (CAGR) for earnings per share plummeting by over 62%. Additionally, the net profit margin stands at a concerning -11.05%, indicating ongoing challenges in profitability. While the revenue CAGR has only slightly declined by 7.21%, the lack of free cash flow growth raises further red flags about the company’s financial health. The return on invested capital is a meager 1.13%, underscoring inefficiencies in capital utilization. Investors should tread carefully, as the recent price surge may not be sustainable given the underlying financial metrics.

New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.