New Fortress Energy Inc.

New Fortress Energy Inc. is a U.S.-based energy infrastructure company that owns and operates natural gas and LNG assets, including terminals, liquefaction facilities, storage, shipping, and related logistics. The company also develops integrated power solutions and modular LNG manufacturing projects across the Americas and other global markets through its operating subsidiaries.

−58,4 %

38,9 %

−121,8 %

−36,2 %

0.15

0.14

— New Fortress Energy Inc.
%
LNG sales and supply45% Procurement, liquefaction, cargo sales, and downstream LNG delivery to customers.
Terminals and infrastructure25% Terminal operations, storage, regasification, and related infrastructure services.
Shipping and logistics10% Owned and chartered vessels, sub-chartering, and marine logistics support.
Power generation and PPAs15% Power plant operations and contracted electricity delivery under PPAs.
Development and other services5% Modular LNG manufacturing, O&M services, and emerging data center power projects.

NFE sells primarily to utilities, public-sector counterparties, industrial users, and downstream energy customers that...

  • Utilities and public power entitiesprimary

    Buy LNG, gas, or power under long-term contracts to support grid and generation needs.

  • Industrial and commercial energy usersprimary

    Buy delivered natural gas or LNG for reliable fuel supply and logistics support.

  • Downstream LNG and cargo customerssecondary

    Buy cargoes and delivered LNG for resale or end-use consumption.

  • Infrastructure and shipping counterpartiessecondary

    Use terminals, storage, sub-chartering, and logistics services to move fuel.

  • Hyperscale data center developersemerging

    Seek on-site power and energy infrastructure for digital infrastructure sites.

NFE operates across the Americas and other international markets, with assets and projects in the United States, Puerto...

  • •Operations span the United States, Puerto Rico, Brazil, Ireland, and other markets
  • •LNG and power assets are located near ports, pipelines, and load centers
  • •Shipping assets connect supply sources to customer markets
  • •Project sites are chosen for permits, fiber, water, and transmission access
  • •Geographic diversification reduces reliance on any single market

NFE’s strategy centers on integrating LNG supply, infrastructure, shipping, and power generation so it can deliver...

01
Integrated energy infrastructure platformmedium-term

Combining supply, logistics, and power improves customer stickiness and project control.

02
Modular LNG manufacturing and Fast LNGmedium-term

Own liquefaction capacity supports supply security and faster project deployment.

03
Data center power developmentmedium-term

Behind-the-meter power can serve hyperscale demand and diversify end markets.

04
Portfolio optimization and capital recyclingshort-term

Asset sales and contract actions can free capital for higher-priority projects.

NFE faces contract concentration, project execution, and financing risk because much of its business depends on large...

critical

Financing and liquidity risk

Development projects and the data center business require external funding before generating cash flow.

Scope
New business lines and capital projects
Materiality
high
high

Contract termination and non-renewal

Long-term LNG and power contracts may end if counterparties exercise termination rights or choose not to renew.

Scope
PREPA and other long-term customers
Materiality
high
high

Project execution risk

New terminals, liquefaction, and data center sites require permits, construction, and interconnection work.

Scope
Klondike, Fast LNG, Pennsylvania, Lakach
Materiality
high
medium

Commodity and competitive pressure

LNG sales depend on feed gas costs, Henry Hub-linked pricing, and intense industry competition.

Scope
Downstream LNG sales and cargo sales
Materiality
high
medium

Jurisdictional and political risk

Assets and projects in multiple countries face permitting, legal, tax, and stability risks.

Scope
Brazil, Ireland, Puerto Rico, Jamaica, U.S.
Materiality
medium
Revenue recognition across multiple contract types
Quarterly revenue comparability
Goodwill and project asset impairment
Reported earnings and asset values
Gain/loss on sale of businesses and assets
Net income volatility
Pass-through cost accounting
Gross margin presentation
Lease and vessel-related accounting
Operating expense and balance sheet values

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: 29/04/2026