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MARKETS / NASDAQ / NFE
NASDAQ · NATURAL GAS DISTRIBUTION · MID CAP

New Fortress Energy Inc. NFE

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▼ 30.5% YoY
$-1.8B
$-1.2B
In brief

What this company does

New Fortress Energy Inc. owns and operates natural gas and liquefied natural gas (“LNG”) infrastructure, together with an integrated fleet of ships and logistics assets, delivering energy solutions to global markets. It operates seven downstream facilities that are either operational or under active development. As of December 31, 2025, it had 596 NFE full-time employees and 699 Genera full-time employees. Revenue from one customer constituted 30% of total revenue in 2025, while no other customer comprised more than 10% of revenue. Its shipping assets are organized under two operating segments, Ships and Terminals and Infrastructure. New Fortress Energy Inc. was founded in 2014.

Written from the business description in New Fortress Energy Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 April 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income -1.8
0.8B1.6B-0.8B-1.6B201720182019202020212022202320242025
Compound annual growth
−15.8%
+29.9%
−67.3%
−36.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +29.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−155 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -95.0% · Net -155.3%
20%40%-50%-100%-150%201720182019202020212022202320242025
ROE
FY2023 · ROE 37.4%
10%20%30%-50%201720182019202020212022202320242025

Cash & shareholders
USD 3.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.2
-0.8B-1.6B201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 3.5 · Net buybacks —
250.0M500.0M20182019202020212022202320242025

USD 3.5M in dividends went back to shareholders.

Total assetsUSD 10.6B
EquityUSD 182.6M
CashUSD 226.5M
Gross debtUSD 8.2B
Net debtUSD 8.0B
Current ratio0.15×

Net debt stands at 4354% of equity.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B1.21.72.12.00.90.30.10.10.1
Operating income $B−1.10.50.90.70.2−0.2−0.2−0.1−0.0
EBITDA $B−0.90.71.10.90.3−0.1−0.2−0.1−0.0
Income tax $B0.10.10.1−0.10.00.00.0−0.00.0
Net income $B−1.8−0.20.50.20.1−0.2−0.0−0.1−0.0
Free cash flow $B−1.2−1.5−2.1−0.8−0.6−0.3−0.6−0.3−0.1
EPS, diluted $−6.63−1.262.650.930.47−1.71−1.62··
Dividend / sh $·········
Payout %··1325191−19−0−0·
ROE %··37.412.69.0−80.6−39.9··
Shares out B0.280.270.200.210.21····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 53 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Distribution
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2016

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