at new fortress energy (nfe), we believe that clean, reliable, affordable energy shouldn't be a luxury. that’s why we supply natural gas, provide end-to-end logistics & infrastructure solutions to power producers, transportation companies & industrial users worldwide. natural gas is a cleaner, more environmentally friendly fuel, & thanks to continued innovations in exploration & production it has become a more affordable & reliable energy source. in 2015, we built the first lng liquefaction plant in florida. located in miami, the plant boasts rail & truck operations, along with on-dock rail access at port of miami & port everglades. serving the aerospace, marine, transportation & power industries, the plant will be a leader in conversion from oil to natural gas over the next decade. after receiving approval to export natural gas to non-fta countries, we successfully exported the first lng shipment ever from the u.s. lower-48 states. we’ve also entered a long-term partnership with jamai
Company profile
Ticker
NFE
Exchange
Website
CEO
Wesley Robert Edens
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Fortress Energy LLC, NFE Financial Holdings LLC
SEC CIK
Corporate docs
Subsidiaries
Genera PR LLC • NFE Explorer LLC • NFE Pacifico LAP, S. de R.L. de C.V. Mexico • PA Real Estate Holdings LLC ...
IRS number
831482060
NFE stock data
Latest filings (excl ownership)
8-K
Other Events
26 Mar 24
424B7
Prospectus with selling stockholder info
26 Mar 24
8-K
Entry into a Material Definitive Agreement
25 Mar 24
8-K
Entry into a Material Definitive Agreement
8 Mar 24
8-K
Other Events
6 Mar 24
8-K
Other Events
4 Mar 24
S-3ASR
Automatic shelf registration
1 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
New Fortress Energy Announces Record Fourth Quarter and Full Year 2023 Results
29 Feb 24
8-K
Unregistered Sales of Equity Securities
28 Dec 23
Transcripts
NFE
Earnings call transcript
2023 Q4
29 Feb 24
NFE
Earnings call transcript
2023 Q3
8 Nov 23
NFE
Earnings call transcript
2023 Q2
8 Aug 23
NFE
Earnings call transcript
2023 Q1
4 May 23
NFE
Earnings call transcript
2022 Q4
28 Feb 23
NFE
Earnings call transcript
2022 Q3
8 Nov 22
NFE
Earnings call transcript
2022 Q2
11 Aug 22
NFE
Earnings call transcript
2022 Q1
5 May 22
NFE
Earnings call transcript
2021 Q4
1 Mar 22
NFE
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
SC 13G/A
Capital World Investors
9 Feb 24
4
Desmond Iain Catterall
31 May 23
4
Timothy W. Jay
25 May 23
SC 13D/A
EDENS WESLEY R
22 May 23
SC 13D/A
NARDONE RANDAL A
22 May 23
4
Christopher S. Guinta
5 Apr 23
4
Yunyoung Shin
5 Apr 23
3
Timothy W. Jay
10 Mar 23
SC 13G
Capital World Investors
13 Feb 23
4
C. William Griffin
6 Jan 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 251.70 mm | 251.70 mm | 251.70 mm | 251.70 mm | 251.70 mm | 251.70 mm |
Cash burn (monthly) | (no burn) | 12.69 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 75.75 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 175.95 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 13.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 248 |
Opened positions | 49 |
Closed positions | 46 |
Increased positions | 92 |
Reduced positions | 64 |
13F shares | Current |
---|---|
Total value | 3.77 tn |
Total shares | 206.56 mm |
Total puts | 1.08 mm |
Total calls | 649.70 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
NFE SMRS | 25.56 mm | $1.25 bn |
Great Mountain Partners | 25.56 mm | $837.85 bn |
Edens Wesley R | 25.09 mm | $1.36 bn |
Lynn Edens | 25.09 mm | $978.14 mm |
Capital World Investors | 13.81 mm | $452.77 bn |
FIG Fortress Investment | 13.40 mm | $439.23 bn |
GLNG Golar Lng | 10.22 mm | $0.00 |
Vanguard | 8.48 mm | $278.03 bn |
William Blair Investment Management | 6.28 mm | $205.72 bn |
Dorrell Michael B. | 5.57 mm | $134.51 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 May 23 | Desmond Iain Catterall | Class A Common Stock | Buy | Acquire P | Yes | No | 26.54 | 4,734 | 125.64 k | 4,734 |
24 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | Yes | No | 28 | 250 | 7.00 k | 8,555 |
24 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | No | No | 28 | 1,000 | 28.00 k | 32,221 |
24 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | No | No | 27.7 | 1,000 | 27.70 k | 31,221 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | Yes | No | 28.62 | 250 | 7.16 k | 8,305 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | Yes | No | 28 | 250 | 7.00 k | 8,055 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | Yes | No | 28.24 | 250 | 7.06 k | 7,805 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | No | No | 28.235 | 1,000 | 28.24 k | 30,221 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | No | No | 28 | 1,000 | 28.00 k | 29,221 |
23 May 23 | Timothy W. Jay | Class A Common Stock | Buy | Acquire P | No | No | 28.61 | 1,000 | 28.61 k | 28,221 |
News
Jim Cramer Says Don't Sell This Beauty Brand, Believes KKR And Blackstone 'Can Make More Money'
26 Mar 24
New Fortress Energy Announces It Has Sold The Emergency Power Plants It Constructed On Behalf Of The U.S. Army Corps Of Engineers In San Juan And Palo Seco To PREPA For $373M In Cash
18 Mar 24
Deutsche Bank Downgrades New Fortress Energy to Hold, Lowers Price Target to $35
4 Mar 24
Stifel Maintains Buy on New Fortress Energy, Lowers Price Target to $45
1 Mar 24
New Fortress Energy Places Terminal Gas Sul LNG Terminal In Santa Catarina, Brazil Into Operation
1 Mar 24
Press releases
New Fortress Energy to Host Investor Call to Discuss its Transformative Transactions in Puerto Rico and Brazil
22 Mar 24
New Fortress Energy Completes Previously Announced Acquisition and Transfer of 1.6 GW, 15-year Contracted Power Asset in Brazil
20 Mar 24
New Fortress Energy Inc. Announces Early Results of its Cash Tender Offer for its 6.750% Senior Secured Notes due 2025
19 Mar 24
New Fortress Energy Announces Upsizing and Pricing of $750 Million of Senior Secured Notes | NFE Stock News
5 Mar 24
New Fortress Energy Announces Upsizing and Pricing of $750 Million of Senior Secured Notes
5 Mar 24