NFE · New Fortress Energy Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $226.95M | - | $327.37M | $301.69M | $470.54M | - | $567.53M | $428.01M | $690.32M | - |
| Cost of Revenue | $199.69M | - | $196.91M | $208.85M | $302.38M | - | $325.29M | $221.86M | $229.12M | - |
| Gross Profit | $27.27M | - | $130.46M | $92.84M | $168.16M | - | $242.24M | $206.15M | $461.20M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $47.49M | - | $86.05M | $57.26M | $59.27M | - | $82.39M | $70.58M | $70.75M | - |
| Total Operating Expenses | $452.33M | - | $430.96M | $689.02M | $489.01M | - | $488.00M | $383.68M | $505.82M | - |
| D&A | $51.43M | - | $50.47M | $52.87M | $63.35M | - | $35.36M | $37.41M | $50.49M | - |
| Operating Income | ($225.38M) | - | ($103.59M) | ($387.33M) | ($18.48M) | - | $79.54M | $44.33M | $184.50M | - |
| Interest Expense | $186.88M | - | $210.56M | $206.41M | $77.34M | - | $64.82M | $80.40M | $77.34M | - |
| Income Tax | $31.54M | - | $8.25M | ($967.0K) | $28.67M | - | $2.95M | $3.44M | $21.62M | - |
| Net Income | ($399.94M) | - | ($299.97M) | ($555.08M) | ($200.13M) | - | $9.30M | ($88.85M) | $54.08M | - |
| EPS - Basic | ($1.40) | - | ($1.07) | ($2.02) | ($0.73) | - | $0.04 | ($0.44) | $0.26 | - |
| EPS - Diluted | ($1.40) | - | ($1.07) | ($2.02) | ($0.73) | - | $0.03 | ($0.44) | $0.26 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $92.39M | $226.45M | $145.24M | $551.11M | $447.86M | $492.88M | $90.84M | $132.96M | $143.46M | $155.41M |
| Accounts Receivable | $370.32M | $451.96M | $419.76M | $269.40M | $273.14M | $335.81M | $435.88M | $406.78M | $335.31M | $342.37M |
| Inventory | $152.95M | $119.45M | $109.28M | $74.00M | $66.69M | $103.22M | $88.09M | $141.72M | $186.58M | $113.68M |
| Accounts Payable | $634.70M | $731.62M | $632.78M | $578.84M | $655.07M | $473.74M | $819.54M | $572.75M | $524.53M | $549.49M |
| Current Assets | $1.16B | $1.33B | $1.33B | $1.48B | $1.47B | $1.61B | $1.03B | $1.12B | $1.04B | $979.97M |
| Total Assets | $10.39B | $10.56B | $11.91B | $11.96B | $13.03B | $12.87B | $11.97B | $11.41B | $10.88B | $10.50B |
| Current Liabilities | $8.93B | $8.65B | $7.95B | $2.20B | $1.47B | $1.71B | $2.71B | $1.56B | $1.57B | $1.71B |
| Long-term Debt | $1.11B | $1.11B | $2.34B | $7.81B | $8.93B | $8.36B | $6.86B | $7.39B | $6.73B | $6.51B |
| Total Liabilities | $10.45B | $10.25B | $10.78B | $10.56B | $11.12B | $10.78B | $10.18B | $9.62B | $8.98B | $8.72B |
| Stockholders' Equity | ($180.24M) | $182.65M | $995.39M | $1.23B | $1.75B | $1.88B | $1.56B | $1.56B | $1.67B | $1.64B |
| Retained Earnings | ($2.05B) | ($1.65B) | ($858.06M) | ($558.40M) | ($3.77M) | $196.36M | $438.50M | $450.87M | $561.42M | $527.99M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($118.90M) | - | - | - | ($31.70M) | - | - | - | $70.05M | - |
| Investing Cash Flow | ($43.57M) | - | - | - | ($335.92M) | - | - | - | ($219.78M) | - |
| Financing Cash Flow | ($11.01M) | - | - | - | $204.46M | - | - | - | $157.62M | - |
| CapEx | $43.57M | - | - | - | $340.47M | - | - | - | $683.45M | - |
| Free Cash Flow | ($162.47M) | - | - | - | ($372.18M) | - | - | - | ($613.40M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 12.0% | - | 39.9% | 30.8% | 35.7% | - | 42.7% | 48.2% | 66.8% | - |
| Operating margin | -99.3% | - | -31.6% | -128.4% | -3.9% | - | 14.0% | 10.4% | 26.7% | - |
| EBITDA margin | -76.6% | - | -16.2% | -110.9% | 9.5% | - | 20.2% | 19.1% | 34.0% | - |
| Net margin | -176.2% | - | -91.6% | -184.0% | -42.5% | - | 1.6% | -20.8% | 7.8% | - |
| Free cash flow margin | -71.6% | - | - | - | -79.1% | - | - | - | -88.9% | - |
| FCF / Net income | 0.41 | - | - | - | 1.86 | - | - | - | -11.34 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 20.9% | - | 26.3% | 19.0% | 12.6% | - | 14.5% | 16.5% | 10.2% | - |
| Effective tax rate | - | - | - | - | - | - | 24.1% | - | 28.6% | - |
| Return on assets | -3.8% | - | -2.5% | -4.6% | -1.5% | - | 0.1% | -0.8% | 0.5% | - |
| Return on equity | 221.9% | - | -30.1% | -45.1% | -11.4% | - | 0.6% | -5.7% | 3.2% | - |
| Return on invested capital | -19.2% | - | -2.5% | -3.4% | -0.1% | - | 0.7% | 0.4% | 1.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.13 | 0.15 | 0.17 | 0.67 | 1.00 | 0.94 | 0.38 | 0.72 | 0.66 | 0.57 |
| Quick ratio | 0.11 | 0.14 | 0.15 | 0.64 | 0.95 | 0.88 | 0.35 | 0.63 | 0.54 | 0.51 |
| Cash ratio | 0.01 | 0.03 | 0.02 | 0.25 | 0.30 | 0.29 | 0.03 | 0.08 | 0.09 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | -6.14 | 6.05 | 2.35 | 6.35 | 5.11 | 4.45 | 4.39 | 4.74 | 4.03 | 3.97 |
| Debt / Assets | 0.11 | 0.10 | 0.20 | 0.65 | 0.69 | 0.65 | 0.57 | 0.65 | 0.62 | 0.62 |
| Debt / EBITDA | - | - | - | - | 199.04 | - | 59.73 | 90.44 | 28.66 | - |
| Interest coverage | -1.2x | - | -0.5x | -1.9x | -0.2x | - | 1.2x | 0.6x | 2.4x | - |
| Equity multiplier | -57.67 | 57.79 | 11.96 | 9.72 | 7.45 | 6.86 | 7.66 | 7.31 | 6.51 | 6.40 |
| Liabilities / Assets | 1.01 | 0.97 | 0.91 | 0.88 | 0.85 | 0.84 | 0.85 | 0.84 | 0.83 | 0.83 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.03 | 0.03 | 0.04 | - | 0.05 | 0.04 | 0.06 | - |
| Inventory turnover | 1.31 | - | 1.80 | 2.82 | 4.53 | - | 3.69 | 1.57 | 1.23 | - |
| Days sales outstanding | 596d | - | 468d | 326d | 212d | - | 280d | 347d | 177d | - |
| Days inventory outstanding | 280d | - | 203d | 129d | 81d | - | 99d | 233d | 297d | - |
| Days payable outstanding | 1160d | - | 1173d | 1012d | 791d | - | 920d | 942d | 836d | - |
| Cash conversion cycle | -285d | - | -502d | -556d | -498d | - | -540d | -362d | -361d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 303.0x | - | 117.7x | - |
| P / B | - | - | 0.6x | 0.7x | 1.3x | - | 1.2x | 2.9x | 3.8x | - |
| P / S | 0.7x | - | 1.9x | 3.0x | 4.8x | - | 3.3x | 10.6x | 9.1x | - |
| EV / EBITDA | - | - | - | - | 239.7x | - | 75.5x | 144.2x | 54.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -51.8% | - | -42.3% | -29.5% | -31.8% | - | 10.3% | -23.8% | 19.2% | - |
| Revenue CAGR (3y) | -26.8% | - | -23.5% | -19.8% | -2.3% | - | 23.0% | 24.1% | 68.0% | - |
| Revenue CAGR (5y) | 9.3% | - | 19.1% | 26.1% | 44.6% | - | 62.8% | 74.0% | 87.3% | - |
| Gross profit growth (YoY) | -83.8% | - | -46.1% | -55.0% | -63.5% | - | -24.9% | -38.6% | 17.0% | - |
| Operating income growth (YoY) | -1119.6% | - | - | - | - | - | -46.8% | -76.8% | -31.0% | - |
| Net income growth (YoY) | -99.8% | - | - | -524.7% | - | - | -84.8% | - | -64.0% | - |
| EPS growth (YoY) | -91.8% | - | - | -359.1% | - | - | -90.0% | - | -63.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 56.3% | - | - | - | 39.3% | - | - | - | -68.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -90.3% | -36.3% | -21.2% | 4.6% | 14.4% | 8.9% | 10.9% | 28.7% | 27.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.50B totalTerminals And Infrastructure Segment$1.38B · 92.1%
Ships Segment$119.34M · 7.9%
Product / service
$276.40M totalCargo Sales$276.40M · 100.0%
Geographic
$1.50B totalNon Us$936.24M · 62.2%
US$567.80M · 37.8%
Peer comparison
Same SIC group: Natural Gas Distribution
Comparing New Fortress Energy Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| Sep 13, 2024 | $0.1000 |
| Jun 14, 2024 | $0.1000 |
| Mar 14, 2024 | $0.1000 |
| Dec 12, 2023 | $0.1000 |
| Sep 12, 2023 | $0.1000 |
| Jun 14, 2023 | $0.1000 |
| Mar 16, 2023 | $0.1000 |
| Jan 3, 2023 | $3.0000 |
| Dec 6, 2022 | $0.1000 |
| Sep 6, 2022 | $0.1000 |
| Jun 13, 2022 | $0.1000 |
| Mar 17, 2022 | $0.1000 |
| Dec 6, 2021 | $0.1000 |
| Sep 3, 2021 | $0.1000 |
| May 28, 2021 | $0.1000 |
| Mar 25, 2021 | $0.1000 |
| Dec 1, 2020 | $0.1000 |
| Sep 3, 2020 | $0.1000 |