
New Fortress Energy Posts $242M Loss Amid $2.36B Revenue and $678M Jamaica Sale Boost
New Fortress Energy Inc.Description
What this story covers
New Fortress Energy's 2024 10-K reveals $2.36B revenue stability despite a $242M net loss from debt costs and investments. Key growth via Fast LNG tech and Brazilian projects, but liquidity strains and risks loom. Post-year Jamaica sale adds $678M, aiding deleveraging toward 4x Debt/EBITDA by 2026.
Story snapshot
CompanyNew Fortress Energy Inc.
TickerNFE
VariantStandard detailed
Duration9:43
Filing type10-K
PeriodAnnual 2024
IndustryEnergy
Accession0001749723-25-000098
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