New Fortress Energy Inc (OQ:NFE)
Business Focus: Natural Gas Distribution
| Sector: Utilities | Industry: Natural Gas Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 111 W 19th St NEW YORK NY 10011-4115 |
| Tel: | N/A |
| Website: | https://www.newfortressenergy.com |
| IR: | See website |
| Key People | ||
| Wesley Robert Edens Chairman of the Board, Chief Executive Officer, Founder | Christopher S. Guinta Chief Financial Officer | Yunyoung Shin Chief Accounting Officer | Cameron D. Macdougall Company Secretary |
| Business Overview |
| New Fortress Energy Inc. is an energy infrastructure company, which is engaged in providing energy and development services. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to rapidly deliver energy solutions to global markets. The Company operates through two segments: Ships, and Terminals and Infrastructure. Its Ships segment includes all vessels, which are leased to customers under long-term or spot arrangements. Ships segment includes Floating Storage and Regasification Units (FSRUs), Floating Storage Units (FSUs) and LNG carriers (LNGCs). The Terminals and Infrastructure segment includes the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities and conversion or development of natural gas-fired power generation. This segment includes all terminal operations in Jamaica, Puerto Rico, Mexico and Brazil. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, New Fortress Energy Inc revenues increased 2% to $2.41B. Net income increased from $194.5M to $547.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Terminals and Infrastructure segment income increase of 35% to $1.21B. Dividend per share increased from $0.40 to $3.30. |
| Employees: | 677 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $12,329M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,413M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,226M as of Dec 31, 2023 |
| Net annual income (TTM): | $547.88M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2,929M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,692M as of Dec 31, 2023 |
| Shares outstanding: | 205,033,557 as of Feb 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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