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NEW FORTRESS ENERGY INC (NASDAQ: NFE) is an integrated gas-to-power company founded in 2014 and headquartered in New York, New York. The company develops, finances, builds, and operates liquefied natural gas (LNG) infrastructure and associated power plants. Its portfolio includes procurement, liquefaction, shipping, terminals, regasification, and gas-fired generation across Puerto Rico, Ireland, Nicaragua, Mexico, Brazil, and the U.S. Gulf Coast.
Corporate Structure
As of September 17, 2025, NEW FORTRESS ENERGY employs between 501 and 1,000 people. The company’s organizational model groups assets into two primary segments:
- Terminals & Infrastructure (T&I), which includes onshore and floating LNG facilities, storage, and regasification units.
- Ships, comprising floating liquefaction vessels that secure feedstock and enhance supply flexibility.
The firm's founder and executive leadership oversee operations from its New York headquarters, coordinating international project development and commercial activities.
LNG Infrastructure by Possessed Photography
Developments
On June 30, 2025, NEW FORTRESS ENERGY filed its Form 10-Q (filed September 5, 2025), reporting trailing twelve-month revenue of $2.01 billion and a net loss of $1.01 billion. Two days later, on September 8, 2025, the company submitted an 8-K disclosure under Items 2.02 and 9.01.
Key project milestones:
- Puerto Rico LNG terminal (Port of San Juan) commissioned April 2020.
- Mexico import facility and adjacent merchant power plant commissioned 2021.
- Barcarena and Santa Catarina LNG terminals in Brazil commissioned in 2024.
- Shannon Technology and Energy Park (Ireland) in development, featuring a combined-cycle gas turbine and LNG terminal on the Shannon Estuary.
- Offshore Fast LNG liquefiers approved for deployment off Grand Isle, Louisiana.
Partnerships include a joint venture with Mexico’s Comisión Federal de Electricidad (CFE) at Altamira and supply agreements with local utilities in Nicaragua and Brazil.
Financial and Strategic Analysis
On September 16, 2025, NFE shares closed at $2.82, up 41.00% from the prior session’s $2.00 close, on a volume of 15,604,678 shares. The following table summarizes key market and financial metrics:
| Metric | Value |
|---|---|
| Stock price (09/16/2025) | $2.82 |
| Daily change | +41.00% |
| 52-week range | $1.26 – $16.66 |
| Market cap | $569.11 million |
| Enterprise value | $9.43 billion |
| Price/Sales (ttm) | 0.25 |
| Debt/Equity (mrq) | 675.16% |
| Total cash (mrq) | $551.11 million |
| Financial metric | Trailing twelve months |
|---|---|
| Revenue | $2.01 billion |
| Net income | –$1.01 billion |
| Diluted EPS | –3.83 |
| Levered free cash flow | –$2.1 billion |
| Profit margin | –49.31% |
High leverage reflects capital-intensive project financing. A forward dividend of $0.40 per share (30.53% yield) was declared, with an ex-dividend date of September 13, 2024.
Market Position and Industry Context
NEW FORTRESS ENERGY operates within a global LNG market shaped by shifting supply dynamics, environmental regulations, and rising demand for lower-emission fuels. Its integrated model—from floating liquefiers to onshore regasification—aims to secure feedgas and reduce costs. The company’s facilities in emerging markets help diversify regional gas supplies and support local power generation. Competition from established LNG traders and energy majors, combined with high debt levels and negative cash flow, highlights the need for project commissioning and cash-flow generation for long-term viability.
tl;dr
On September 17, 2025, NFE shares increased 41.00% to $2.82 on a volume of 15.6 million, following its September 5 Form 10-Q, which reported $2.01 billion in trailing twelve-month revenue and a $1.01 billion net loss. Key assets include LNG terminals in Puerto Rico, Mexico, and Brazil, the Shannon LNG Project in Ireland, and planned Gulf Coast floating liquefiers. The balance sheet shows $551 million in cash against high leverage (debt/equity 675%), with near-term catalysts associated with project completions and cash-flow stabilization.
