New Fortress Energy (NFE) Financials

$2.65 -0.18 (-6.36%)

Closing price 04:00 PM Eastern

Extended Trading

$2.63 -0.02 (-0.75%)

As of 07:56 PM Eastern

Annual Income Statements for New Fortress Energy

This table shows New Fortress Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Net Income / (Loss) Attributable to Common Shareholders	-270	548	185	97	-182	-34	-78	-32
Consolidated Net Income / (Loss)	-242	549	185	93	-264	-204	-78	-32
Net Income / (Loss) Continuing Operations	-242	549	185	93	-264	-204	-78	-32
Total Pre-Tax Income	-173	654	534	91	-259	-204	-79	-31
Total Operating Income	539	943	737	239	-155	-187	-58	-25
Total Gross Profit	1,126	1,369	1,252	633	125	-21	6.97	11
Total Revenue	2,365	2,413	2,368	1,323	452	189	112	97
Operating Revenue	2,207	2,337	2,336	1,162	318	146	97	82
Other Revenue	158	76	32	161	133	44	15	15
Total Cost of Revenue	1,239	1,044	1,116	689	326	210	105	86
Operating Cost of Revenue	1,239	1,044	1,116	689	326	210	105	86
Total Operating Expenses	587	426	515	395	281	166	65	36
Selling, General & Admin Expense	319	251	300	252	120	153	62	33
Depreciation Expense	162	187	143	98	32	7.94	3.32	2.76
Impairment Charge	16	11	51	0.00	0.00	-	-	-
Restructuring Charge	12	6.95	22	45	4.03	0.00	-	-
Other Special Charges / (Income)	78	-29	0.00	0.00	-	5.28	0.00	-
Total Other Income / (Expense), net	-712	-288	-204	-148	-104	-17	-20	-6.16
Interest Expense	598	278	252	165	99	19	21	6.46
Other Income / (Expense), net	-113	-10	48	17	-5.01	2.81	0.78	0.30
Income Tax Expense	70	116	-123	12	4.82	0.44	-0.34	0.53
Other Gains / (Losses), net	0.00	9.97	-472	14	0.00	0.00	-	-
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	1.46	0.00	0.00	-	0.22	0.00	-
Basic Earnings per Share	($1.24)	$2.66	$0.93	$0.49	($1.71)	($1.62)	$0.00	$0.00
Weighted Average Basic Shares Outstanding	217.58M	205.94M	209.50M	198.59M	106.65M	20.86M	0.00	0.00
Diluted Earnings per Share	($1.25)	$2.65	$0.93	$0.47	($1.71)	($1.62)	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	218.62M	206.48M	209.85M	201.70M	106.65M	20.86M	0.00	0.00
Weighted Average Basic & Diluted Shares Outstanding	273.77M	205.03M	208.77M	206.86M	106.65M	20.86M	0.00	0.00

This table shows New Fortress Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-245	9.30	-89	54	217	61	119	150	54	62
Consolidated Net Income / (Loss)	-224	11	-87	57	215	62	120	152	66	56
Net Income / (Loss) Continuing Operations	-224	11	-87	57	215	62	120	152	66	56
Total Pre-Tax Income	-182	14	-83	78	264	87	133	171	186	98
Total Operating Income	230	80	44	185	335	150	191	267	250	187
Total Gross Profit	356	210	167	393	438	262	302	368	370	316
Total Revenue	679	568	428	690	758	514	561	579	546	732
Operating Revenue	701	506	344	656	710	488	560	578	545	726
Other Revenue	-22	62	84	34	48	26	0.89	0.92	0.98	6.39
Total Cost of Revenue	323	357	261	298	320	253	259	212	176	416
Operating Cost of Revenue	323	357	261	298	320	253	259	212	176	416
Total Operating Expenses	126	131	123	208	103	112	111	100	120	129
Selling, General & Admin Expense	70	91	79	79	57	61	67	65	72	88
Depreciation Expense	39	35	37	50	62	49	42	34	36	36
Restructuring Charge	5.99	3.15	1.76	1.37	2.16	2.74	1.55	0.49	9.41	5.62
Other Special Charges / (Income)	0.42	0.00	0.00	77	-29	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-412	-65	-128	-106	-71	-63	-58	-97	-64	-89
Interest Expense	360	71	80	87	77	65	64	72	81	79
Other Income / (Expense), net	-52	5.84	-47	-19	5.74	2.27	6.58	-25	16	-10
Income Tax Expense	41	2.95	3.44	22	46	25	15	29	2.81	9.97
Basic Earnings per Share	($1.10)	$0.04	($0.44)	$0.26	$1.06	$0.30	$0.58	$0.72	$0.30	$0.30
Weighted Average Basic Shares Outstanding	217.58M	205.07M	205.07M	205.06M	205.94M	205.03M	205.05M	208.71M	209.50M	209.63M
Diluted Earnings per Share	($1.10)	$0.03	($0.44)	$0.26	$1.06	$0.30	$0.58	$0.71	$0.32	$0.29
Weighted Average Diluted Shares Outstanding	218.62M	208.88M	205.85M	205.98M	206.48M	205.03M	205.71M	209.33M	209.85M	209.80M
Weighted Average Basic & Diluted Shares Outstanding	273.77M	251.42M	205.07M	205.06M	205.03M	205.03M	205.03M	205.03M	208.77M	208.77M

This table details how cash moves in and out of New Fortress Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Net Change in Cash & Equivalents	655	-544	591	-365	536	-7.82	-17	-71
Net Cash From Operating Activities	587	825	355	85	-126	-234	-93	-55
Net Cash From Continuing Operating Activities	587	825	355	85	-126	-234	-93	-55
Net Income / (Loss) Continuing Operations	-242	549	185	93	-264	-204	-78	-32
Consolidated Net Income / (Loss)	-242	549	185	93	-264	-204	-78	-32
Depreciation Expense	163	187	144	100	33	8.64	4.03	3.21
Amortization Expense	33	6.59	2.54	14	11	5.87	4.02	0.70
Non-Cash Adjustments To Reconcile Net Income	477	-122	409	44	69	45	3.63	1.34
Changes in Operating Assets and Liabilities, net	156	204	-384	-165	25	-90	-27	-28
Net Cash From Investing Activities	-2,075	-2,904	-83	-2,274	-158	-376	-184	-30
Net Cash From Continuing Investing Activities	-2,075	-2,921	-83	-2,274	-158	-376	-184	-30
Purchase of Property, Plant & Equipment	-2,621	-3,030	-1,174	-669	-157	-377	-181	-29
Sale of Property, Plant & Equipment	387	0.00	0.00	0.00	-	-	-	-
Divestitures	136	100	500	0.00	0.00	-	-	-
Sale and/or Maturity of Investments	0.00	0.00	593	0.00	0.00	-	-	-
Other Investing Activities, net	23	9.23	-1.79	-9.35	-0.64	0.89	0.72	0.54
Net Cash From Financing Activities	2,225	1,529	322	1,817	819	603	260	14
Net Cash From Continuing Financing Activities	2,225	1,529	322	1,817	819	603	260	14
Repayment of Debt	-3,962	-752	-1,611	-499	-1,527	-13	-91	-5.95
Payment of Dividends	-65	-724	-99	-89	-34	0.00	0.00	-
Issuance of Debt	5,865	3,005	2,032	2,435	2,095	348	281	0.00
Issuance of Common Equity	387	0.00	0.00	-	292	275	0.00	0.00
Effect of Exchange Rate Changes	-82	6.17	-3.29	6.54	0.00	-	-	-
Cash Interest Paid	106	100	161	154	27	6.77	7.52	5.73
Cash Income Taxes Paid	28	53	151	17	0.06	0.03	0.00	0.01

This table details how cash moves in and out of New Fortress Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	729	-61	-17	4.12	59	36	-420	-219	451	186
Net Cash From Operating Activities	441	-17	93	70	288	33	304	200	264	-80
Net Cash From Continuing Operating Activities	441	-17	93	70	288	33	304	200	264	-80
Net Income / (Loss) Continuing Operations	-224	11	-87	57	215	62	120	152	66	56
Consolidated Net Income / (Loss)	-224	11	-87	57	215	62	120	152	66	56
Depreciation Expense	39	36	38	50	61	49	42	35	36	36
Non-Cash Adjustments To Reconcile Net Income	340	35	1.87	100	-40	-55	-30	2.70	-45	73
Changes in Operating Assets and Liabilities, net	252	-99	140	-137	44	-23	171	11	204	-245
Net Cash From Investing Activities	-766	-426	-663	-220	-839	-698	-904	-463	113	246
Net Cash From Continuing Investing Activities	-766	-426	-663	-220	-855	-698	-904	-463	113	246
Purchase of Property, Plant & Equipment	-840	-435	-663	-683	-838	-726	-902	-563	-387	-345
Sale of Property, Plant & Equipment	58	-	-	329	-	-	-	0.00	-	-
Other Investing Activities, net	16	9.05	0.00	-1.70	-17	27	-1.45	0.00	-	-1.79
Net Cash From Financing Activities	1,124	365	578	158	605	701	179	43	72	23
Net Cash From Continuing Financing Activities	1,124	365	578	158	605	701	179	43	72	23
Repayment of Debt	-1,530	-186	-271	-1,975	-608	-124	-13	-6.98	-76	-1,384
Payment of Dividends	-3.99	-5.61	-23	-32	-24	-24	-27	-650	-24	-28
Issuance of Debt	2,271	557	872	2,165	1,237	849	220	700	100	1,494
Effect of Exchange Rate Changes	-69	16	-25	-3.77	5.25	-0.69	0.66	0.95	1.61	-2.88

This table presents New Fortress Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Assets	12,867	10,501	7,705	6,876	1,908	1,124	699
Total Current Assets	1,610	980	1,387	585	762	211	154
Cash & Equivalents	493	155	675	188	602	27	78
Restricted Cash	473	155	165	69	13	31	0.03
Accounts Receivable	336	342	280	208	77	50	29
Inventories, net	103	114	39	37	23	63	16
Prepaid Expenses	205	213	227	83	48	40	30
Plant, Property, & Equipment, net	3,574	5,348	2,419	1,044	234	467	0.00
Plant, Property & Equipment, gross	3,574	5,348	2,419	1,044	234	467	-
Total Noncurrent Assets	7,683	4,173	3,899	5,248	912	446	546
Long-Term Investments	0.00	138	392	1,182	0.00	-	3.66
Goodwill	766	777	777	760	0.00	-	-
Intangible Assets	180	52	86	143	46	44	43
Noncurrent Deferred & Refundable Income Taxes	2.70	9.91	8.07	6.00	2.32	0.03	0.19
Other Noncurrent Operating Assets	6,734	3,197	2,636	2,554	857	311	407
Total Liabilities & Shareholders' Equity	12,867	10,501	7,705	6,876	1,908	1,124	699
Total Liabilities	10,778	8,723	6,263	4,882	1,533	736	417
Total Current Liabilities	1,707	1,706	1,409	563	191	102	405
Short-Term Debt	539	293	65	97	0.00	-	272
Accounts Payable	474	549	80	68	21	12	43
Accrued Expenses	391	472	1,162	244	90	55	68
Other Current Liabilities	303	392	102	153	79	36	22
Total Noncurrent Liabilities	9,070	7,017	4,854	4,320	1,342	634	12
Long-Term Debt	8,356	6,511	4,477	3,758	1,240	619	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	73	44	26	270	2.33	0.24	0.00
Other Noncurrent Operating Liabilities	642	462	351	293	100	15	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	91	0.00	-	-	-	-	-
Total Equity & Noncontrolling Interests	1,999	1,778	1,442	1,994	375	387	283
Total Preferred & Common Equity	1,876	1,640	1,290	1,792	367	85	0.00
Total Common Equity	1,876	1,640	1,288	1,792	367	85	268
Common Stock	1,677	1,041	1,170	1,926	596	131	427
Retained Earnings	196	528	62	-132	-230	-46	-158
Accumulated Other Comprehensive Income / (Loss)	3.09	72	55	-2.09	0.18	-0.03	-0.01
Noncontrolling Interest	123	138	152	202	8.13	303	14

This table presents New Fortress Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	11,970	11,408	10,880	9,796	9,135	8,224	7,441
Total Current Assets	1,034	1,124	1,039	866	714	1,154	1,045
Cash & Equivalents	91	133	143	171	104	297	364
Restricted Cash	146	165	171	66	101	325	24
Accounts Receivable	436	407	335	361	275	353	438
Inventories, net	88	142	187	103	128	77	63
Prepaid Expenses	273	278	202	165	105	102	155
Plant, Property, & Equipment, net	7,051	6,301	5,798	4,790	4,593	3,357	1,835
Plant, Property & Equipment, gross	7,051	6,301	5,798	4,790	4,593	3,357	1,835
Total Noncurrent Assets	3,885	3,983	4,044	4,140	3,828	3,712	4,561
Long-Term Investments	0.00	0.00	0.00	139	139	136	1,016
Goodwill	777	777	777	777	777	777	778
Intangible Assets	206	208	212	67	75	80	92
Noncurrent Deferred & Refundable Income Taxes	13	43	28	8.07	8.07	8.07	4.75
Other Noncurrent Operating Assets	2,888	2,955	3,028	3,149	2,830	2,711	2,664
Total Liabilities & Shareholders' Equity	11,970	11,408	10,880	9,796	9,135	8,224	7,441
Total Liabilities	10,183	9,623	8,984	8,218	7,584	6,774	5,439
Total Current Liabilities	2,709	1,565	1,567	1,911	2,068	1,396	571
Short-Term Debt	1,146	236	292	271	367	277	58
Accounts Payable	820	573	525	893	603	310	104
Accrued Expenses	374	384	418	436	821	603	279
Other Current Liabilities	370	371	333	312	277	206	130
Total Noncurrent Liabilities	7,474	8,058	7,417	6,307	5,516	5,378	4,868
Long-Term Debt	6,863	7,393	6,735	5,898	5,064	4,952	4,397
Noncurrent Deferred & Payable Income Tax Liabilities	66	98	93	27	27	26	101
Other Noncurrent Operating Liabilities	544	568	589	382	425	400	370
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	97	98	97	-	-	-	-
Total Equity & Noncontrolling Interests	1,690	1,687	1,800	1,579	1,551	1,449	2,002
Total Preferred & Common Equity	1,564	1,560	1,671	1,436	1,406	1,299	1,847
Total Common Equity	1,562	1,560	1,671	1,436	1,404	1,297	1,845
Common Stock	1,086	1,065	1,046	1,041	1,039	1,048	1,802
Retained Earnings	439	451	561	331	291	192	-2.05
Accumulated Other Comprehensive Income / (Loss)	37	44	64	63	74	57	46
Noncontrolling Interest	127	127	128	142	145	151	155

This table displays calculated financial ratios and metrics derived from New Fortress Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	-2.01%	1.90%	79.03%	192.88%	138.81%	68.41%	15.46%	0.00%
EBITDA Growth	-44.83%	20.89%	151.98%	417.22%	31.43%	-242.32%	-138.93%	0.00%
EBIT Growth	-54.35%	18.70%	206.77%	259.66%	13.07%	-219.68%	-133.72%	0.00%
NOPAT Growth	-51.43%	-14.50%	340.61%	289.49%	17.04%	-220.19%	-134.05%	0.00%
Net Income Growth	-144.16%	197.03%	99.31%	135.12%	-29.19%	-161.34%	-146.86%	0.00%
EPS Growth	-147.17%	184.95%	97.87%	127.49%	-5.56%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-28.86%	132.25%	318.91%	167.51%	46.40%	-151.28%	-69.84%	0.00%
Free Cash Flow Firm Growth	42.07%	-558.18%	117.75%	-1,893.67%	73.50%	-18.05%	0.00%	0.00%
Invested Capital Growth	23.20%	71.20%	7.69%	340.97%	5.48%	100.55%	0.00%	0.00%
Revenue Q/Q Growth	-3.25%	9.63%	-4.14%	61.34%	20.21%	25.46%	0.00%	0.00%
EBITDA Q/Q Growth	-19.71%	10.32%	5.93%	165.38%	32.90%	-7.52%	0.00%	0.00%
EBIT Q/Q Growth	-27.67%	8.58%	5.90%	412.24%	23.93%	-7.11%	0.00%	0.00%
NOPAT Q/Q Growth	-19.55%	3.40%	4.02%	688.24%	25.87%	-8.26%	0.00%	0.00%
Net Income Q/Q Growth	-223.67%	37.28%	-31.74%	255.65%	12.53%	-1.80%	0.00%	0.00%
EPS Q/Q Growth	-237.36%	38.74%	-32.12%	-49.46%	43.19%	-5.19%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	35.27%	2.94%	12.53%	156.69%	35.68%	-20.24%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	12.27%	-66.32%	2,000.37%	1.10%	38.75%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	4.81%	10.34%	-5.98%	4.86%	6.38%	15.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	47.61%	56.73%	52.87%	47.89%	27.74%	-11.17%	6.21%	11.43%
EBITDA Margin	26.27%	46.67%	39.33%	27.95%	-25.80%	-89.86%	-44.21%	-21.36%
Operating Margin	22.78%	39.06%	31.14%	18.06%	-34.40%	-99.02%	-52.08%	-25.69%
EBIT Margin	18.00%	38.63%	33.16%	19.35%	-35.51%	-97.54%	-51.38%	-25.38%
Profit (Net Income) Margin	-10.25%	22.74%	7.80%	7.01%	-58.44%	-108.03%	-69.62%	-32.56%
Tax Burden Percent	140.21%	83.87%	34.63%	102.18%	101.86%	100.22%	99.57%	101.69%
Interest Burden Percent	-40.62%	70.20%	67.93%	35.44%	161.60%	110.52%	136.07%	126.15%
Effective Tax Rate	0.00%	17.65%	-23.13%	13.73%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.15%	12.05%	19.82%	7.62%	-11.16%	-18.45%	-17.32%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.52%	7.34%	-5.44%	0.16%	-37.33%	-37.94%	-56.48%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-16.69%	22.04%	-9.07%	0.21%	-58.08%	-42.54%	-38.00%	0.00%
Return on Equity (ROE)	-12.53%	34.09%	10.76%	7.83%	-69.24%	-60.99%	-55.32%	0.00%
Cash Return on Invested Capital (CROIC)	-16.63%	-40.45%	12.42%	-118.44%	-16.50%	-85.36%	-217.32%	0.00%
Operating Return on Assets (OROA)	3.64%	10.24%	10.77%	5.83%	-10.58%	-20.24%	-8.25%	0.00%
Return on Assets (ROA)	-2.07%	6.03%	2.53%	2.11%	-17.41%	-22.41%	-11.18%	0.00%
Return on Common Equity (ROCE)	-11.40%	31.00%	9.64%	7.13%	-41.03%	-32.15%	-52.51%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-12.92%	33.47%	14.33%	5.17%	-71.93%	-240.93%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	377	776	908	206	-109	-131	-41	-17
NOPAT Margin	15.94%	32.17%	38.34%	15.58%	-24.08%	-69.32%	-36.46%	-17.99%
Net Nonoperating Expense Percent (NNEP)	8.67%	4.71%	25.26%	7.45%	26.17%	19.50%	39.16%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	3.46%	9.05%	15.17%	-	-	-	-	-
Cost of Revenue to Revenue	52.39%	43.27%	47.13%	52.11%	72.26%	111.17%	93.79%	88.57%
SG&A Expenses to Revenue	13.48%	10.38%	12.65%	19.02%	26.60%	80.86%	55.33%	34.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.83%	17.67%	21.73%	29.83%	62.14%	87.85%	58.29%	37.12%
Earnings before Interest and Taxes (EBIT)	426	932	785	256	-160	-184	-58	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	621	1,126	932	370	-117	-170	-50	-21
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.03	4.64	6.12	2.48	21.66	27.12	1.04	0.00
Price to Tangible Book Value (P/TBV)	4.09	9.37	18.54	5.00	24.78	55.74	1.24	0.00
Price to Revenue (P/Rev)	1.61	3.15	3.33	3.36	17.60	12.16	2.49	2.88
Price to Earnings (P/E)	0.00	13.88	42.64	45.74	0.00	0.00	0.00	0.00
Dividend Yield	2.65%	10.64%	1.06%	1.86%	0.42%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	7.20%	2.35%	2.19%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.73	2.39	1.60	8.58	3.34	1.02	0.00
Enterprise Value to Revenue (EV/Rev)	5.05	5.84	4.79	5.34	19.00	16.73	4.31	0.00
Enterprise Value to EBITDA (EV/EBITDA)	19.23	12.52	12.17	19.10	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	28.07	15.12	14.44	27.58	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	31.68	18.16	12.49	34.27	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.36	17.09	31.93	83.30	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.94	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	4.26	3.83	3.15	1.93	3.30	1.60	0.96	0.00
Long-Term Debt to Equity	4.00	3.66	3.10	1.88	3.30	1.60	0.00	0.00
Financial Leverage	3.69	3.00	1.67	1.28	1.56	1.12	0.67	0.00
Leverage Ratio	6.04	5.65	4.24	3.71	3.98	2.72	2.47	0.00
Compound Leverage Factor	-2.45	3.97	2.88	1.31	6.43	3.01	3.37	0.00
Debt to Total Capital	80.98%	79.28%	75.90%	65.91%	76.77%	61.51%	49.06%	0.00%
Short-Term Debt to Total Capital	4.91%	3.41%	1.08%	1.66%	0.00%	0.00%	49.06%	0.00%
Long-Term Debt to Total Capital	76.07%	75.87%	74.82%	64.25%	76.77%	61.51%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.94%	1.61%	2.54%	3.46%	0.50%	30.06%	2.58%	0.00%
Common Equity to Total Capital	17.08%	19.11%	21.52%	30.63%	22.73%	8.43%	48.36%	0.00%
Debt to EBITDA	14.32	6.04	4.88	10.43	-10.64	-3.64	-5.48	0.00
Net Debt to EBITDA	12.76	5.64	3.55	6.54	-5.36	-3.30	-3.83	0.00
Long-Term Debt to EBITDA	13.45	5.78	4.81	10.17	-10.64	-3.64	0.00	0.00
Debt to NOPAT	23.59	8.76	5.00	18.71	-11.40	-4.72	-6.65	0.00
Net Debt to NOPAT	21.03	8.19	3.64	11.73	-5.75	-4.28	-4.65	0.00
Long-Term Debt to NOPAT	22.16	8.39	4.93	18.24	-11.40	-4.72	0.00	0.00
Altman Z-Score	0.52	1.03	1.41	0.84	3.26	1.56	-0.46	0.00
Noncontrolling Interest Sharing Ratio	9.08%	9.07%	10.38%	8.89%	40.75%	47.29%	5.07%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.57	0.98	1.04	3.99	2.06	0.38	0.00
Quick Ratio	0.49	0.29	0.68	0.70	3.55	0.75	0.27	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,509	-2,606	569	-3,205	-161	-607	-514	0.00
Operating Cash Flow to CapEx	26.27%	27.22%	30.25%	12.66%	-79.98%	-62.13%	-51.46%	-191.08%
Free Cash Flow to Firm to Interest Expense	-2.52	-9.38	2.26	-19.39	-1.63	-31.25	-24.68	0.00
Operating Cash Flow to Interest Expense	0.98	2.97	1.41	0.51	-1.27	-12.07	-4.48	-8.50
Operating Cash Flow Less CapEx to Interest Expense	-2.75	-7.94	-3.25	-3.54	-2.86	-31.49	-13.18	-12.95
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.27	0.32	0.30	0.30	0.21	0.16	0.00
Accounts Receivable Turnover	6.97	7.75	9.69	9.28	7.14	4.82	3.94	0.00
Inventory Turnover	11.42	13.67	29.28	22.96	7.56	5.30	6.60	0.00
Fixed Asset Turnover	0.53	0.62	1.37	2.07	1.29	0.00	0.00	0.00
Accounts Payable Turnover	2.42	3.32	15.04	15.42	19.82	7.68	2.44	0.00
Days Sales Outstanding (DSO)	52.34	47.09	37.67	39.33	51.09	75.67	92.73	0.00
Days Inventory Outstanding (DIO)	31.95	26.70	12.47	15.90	48.26	68.91	55.30	0.00
Days Payable Outstanding (DPO)	150.72	110.08	24.27	23.67	18.41	47.54	149.62	0.00
Cash Conversion Cycle (CCC)	-66.43	-36.30	25.86	31.55	80.93	97.04	-1.59	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	10,019	8,132	4,750	4,411	1,000	948	473	0.00
Invested Capital Turnover	0.26	0.37	0.52	0.49	0.46	0.27	0.48	0.00
Increase / (Decrease) in Invested Capital	1,887	3,382	339	3,411	52	475	473	0.00
Enterprise Value (EV)	11,944	14,098	11,340	7,061	8,583	3,164	485	0.00
Market Capitalization	3,801	7,606	7,880	4,442	7,949	2,300	280	280
Book Value per Share	$7.46	$8.00	$6.17	$8.66	$2.17	$0.50	$13.42	$0.00
Tangible Book Value per Share	$3.70	$3.96	$2.04	$4.30	$1.90	$0.25	$11.26	$0.00
Total Capital	10,984	8,581	5,984	5,849	1,615	1,006	555	0.00
Total Debt	8,895	6,803	4,542	3,855	1,240	619	272	0.00
Total Long-Term Debt	8,356	6,511	4,477	3,758	1,240	619	0.00	0.00
Net Debt	7,929	6,355	3,308	2,417	625	561	190	0.00
Capital Expenditures (CapEx)	2,234	3,030	1,174	669	157	377	181	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-524	-745	-798	-136	-43	51	-57	0.00
Debt-free Net Working Capital (DFNWC)	442	-434	43	120	571	109	21	0.00
Net Working Capital (NWC)	-97	-726	-22	22	571	109	-251	0.00
Net Nonoperating Expense (NNE)	619	227	723	113	155	73	37	14
Net Nonoperating Obligations (NNO)	7,929	6,355	3,308	2,417	625	561	190	0.00
Total Depreciation and Amortization (D&A)	196	194	146	114	44	15	8.06	3.91
Debt-free, Cash-free Net Working Capital to Revenue	-22.15%	-30.85%	-33.70%	-10.32%	-9.63%	26.86%	-50.86%	0.00%
Debt-free Net Working Capital to Revenue	18.68%	-17.97%	1.80%	9.04%	126.39%	57.56%	18.89%	0.00%
Net Working Capital to Revenue	-4.11%	-30.10%	-0.93%	1.69%	126.39%	57.56%	-223.48%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.24)	$2.66	$0.93	$0.49	($1.71)	($1.62)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	217.58M	205.94M	209.50M	198.59M	175.96M	167.95M	0.00	0.00
Adjusted Diluted Earnings per Share	($1.25)	$2.65	$0.93	$0.47	($1.71)	($1.62)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	218.62M	206.48M	209.85M	201.70M	175.96M	167.95M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.71)	($1.62)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	273.77M	205.03M	208.77M	206.86M	106.65M	20.86M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	451	767	567	245	-106	-127	-41	-17
Normalized NOPAT Margin	19.09%	31.78%	23.94%	18.49%	-23.45%	-67.36%	-36.46%	-17.99%
Pre Tax Income Margin	-7.31%	27.12%	22.53%	6.86%	-57.38%	-107.80%	-69.92%	-32.02%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.71	3.36	3.12	1.55	-1.62	-9.50	-2.77	-3.82
NOPAT to Interest Expense	0.63	2.79	3.61	1.25	-1.10	-6.75	-1.97	-2.71
EBIT Less CapEx to Interest Expense	-3.02	-7.55	-1.54	-2.50	-3.21	-28.93	-11.47	-8.27
NOPAT Less CapEx to Interest Expense	-3.10	-8.11	-1.06	-2.80	-2.69	-26.18	-10.67	-7.16
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-26.94%	131.90%	53.60%	95.73%	-12.78%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-26.94%	131.90%	53.60%	95.73%	-13.20%	-3.40%	0.00%	-0.61%

This table displays calculated financial ratios and metrics derived from New Fortress Energy's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.46%	10.32%	-23.75%	19.20%	38.80%	-29.71%	-4.02%	14.65%	-15.77%	140.25%
EBITDA Growth	-46.19%	-39.75%	-85.46%	-22.02%	32.56%	-5.54%	24.87%	25.24%	17.40%	99.31%
EBIT Growth	-47.80%	-43.78%	-101.53%	-31.72%	27.61%	-13.97%	26.80%	30.10%	19.60%	197.50%
NOPAT Growth	-41.69%	-40.66%	-81.64%	-39.80%	12.04%	-36.62%	-29.84%	-1.40%	16.19%	402.96%
Net Income Growth	-204.02%	-81.85%	-172.32%	-62.61%	226.53%	10.86%	167.31%	-37.16%	-56.63%	416.46%
EPS Growth	-203.77%	-90.00%	-175.86%	-63.38%	231.25%	3.45%	171.60%	-37.17%	-57.89%	680.00%
Operating Cash Flow Growth	53.19%	-150.34%	-69.41%	-65.00%	8.93%	141.72%	437.10%	74.98%	17.62%	-181.73%
Free Cash Flow Firm Growth	44.45%	3.85%	-75.36%	-155.24%	-3,256.33%	-226.11%	-71.55%	69.71%	97.11%	79.59%
Invested Capital Growth	23.20%	29.70%	37.32%	45.41%	71.20%	45.87%	30.83%	26.03%	7.69%	20.10%
Revenue Q/Q Growth	19.64%	32.60%	-38.00%	-8.97%	47.41%	-8.35%	-3.07%	6.00%	-25.35%	25.15%
EBITDA Q/Q Growth	78.88%	246.74%	-83.84%	-46.31%	100.28%	-16.31%	-13.34%	-8.74%	42.72%	10.63%
EBIT Q/Q Growth	108.29%	2,921.32%	-101.83%	-51.44%	124.30%	-23.13%	-18.44%	-9.26%	51.21%	13.30%
NOPAT Q/Q Growth	155.56%	103.27%	-76.76%	-51.69%	160.04%	-37.10%	-23.83%	-10.08%	47.10%	-30.37%
Net Income Q/Q Growth	-2,075.69%	113.02%	-253.27%	-73.63%	244.69%	-48.09%	-20.76%	130.33%	17.03%	131.51%
EPS Q/Q Growth	-3,766.67%	106.82%	-269.23%	-75.47%	253.33%	-48.28%	-18.31%	121.88%	10.34%	135.80%
Operating Cash Flow Q/Q Growth	2,727.28%	-118.05%	32.65%	-75.64%	763.40%	-89.03%	51.76%	-24.19%	430.72%	-241.16%
Free Cash Flow Firm Q/Q Growth	18.85%	13.10%	4.23%	17.74%	-40.45%	-58.48%	-39.40%	-981.70%	86.35%	16.63%
Invested Capital Q/Q Growth	4.81%	4.86%	5.91%	5.84%	10.34%	11.02%	12.15%	24.61%	-5.98%	-0.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.46%	37.03%	38.98%	56.88%	57.75%	50.87%	53.78%	63.46%	67.79%	43.18%
EBITDA Margin	31.87%	21.31%	8.15%	31.27%	53.02%	39.03%	42.73%	47.80%	55.52%	29.04%
Operating Margin	33.91%	14.01%	10.36%	26.73%	44.16%	29.08%	34.02%	46.14%	45.85%	25.51%
EBIT Margin	26.19%	15.04%	-0.71%	23.96%	44.92%	29.52%	35.19%	41.82%	48.85%	24.12%
Profit (Net Income) Margin	-32.92%	1.99%	-20.29%	8.21%	28.33%	12.12%	21.40%	26.17%	12.04%	7.68%
Tax Burden Percent	122.80%	79.30%	104.12%	72.38%	81.49%	71.62%	90.20%	88.87%	35.30%	57.42%
Interest Burden Percent	-102.36%	16.71%	2,756.94%	47.34%	77.41%	57.32%	67.40%	70.41%	69.84%	55.48%
Effective Tax Rate	0.00%	20.70%	0.00%	27.62%	17.46%	28.94%	11.51%	16.98%	1.51%	10.18%
Return on Invested Capital (ROIC)	6.19%	3.21%	2.20%	6.72%	13.66%	7.32%	12.43%	17.63%	23.35%	12.23%
ROIC Less NNEP Spread (ROIC-NNEP)	0.80%	2.45%	0.30%	5.35%	12.38%	6.33%	11.22%	15.57%	17.03%	8.08%
Return on Net Nonoperating Assets (RNNOA)	2.95%	9.86%	1.12%	17.88%	37.16%	15.63%	25.06%	28.31%	28.37%	11.17%
Return on Equity (ROE)	9.14%	13.07%	3.33%	24.60%	50.82%	22.95%	37.49%	45.94%	51.72%	23.40%
Cash Return on Invested Capital (CROIC)	-16.63%	-20.33%	-24.92%	-27.45%	-40.45%	-25.22%	-12.90%	-5.99%	12.42%	0.58%
Operating Return on Assets (OROA)	5.30%	3.38%	-0.16%	6.33%	11.91%	7.54%	10.39%	13.10%	15.87%	8.45%
Return on Assets (ROA)	-6.66%	0.45%	-4.72%	2.17%	7.51%	3.09%	6.32%	8.20%	3.91%	2.69%
Return on Common Equity (ROCE)	8.31%	11.64%	2.95%	21.82%	46.21%	21.03%	34.01%	41.56%	46.35%	21.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.53%	15.83%	27.16%	0.00%	27.84%	28.00%	7.33%	0.00%	14.65%
Net Operating Profit after Tax (NOPAT)	161	63	31	134	276	106	169	222	247	168
NOPAT Margin	23.74%	11.11%	7.25%	19.35%	36.45%	20.66%	30.10%	38.31%	45.16%	22.92%
Net Nonoperating Expense Percent (NNEP)	5.39%	0.76%	1.90%	1.38%	1.27%	0.99%	1.21%	2.05%	6.32%	4.15%
Return On Investment Capital (ROIC_SIMPLE)	1.48%	-	-	-	3.22%	-	-	-	4.12%	-
Cost of Revenue to Revenue	47.54%	62.97%	61.02%	43.12%	42.25%	49.13%	46.22%	36.54%	32.21%	56.82%
SG&A Expenses to Revenue	10.31%	15.97%	18.48%	11.47%	7.54%	11.80%	11.98%	11.30%	13.12%	12.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.54%	23.02%	28.63%	30.15%	13.59%	21.80%	19.76%	17.32%	21.94%	17.67%
Earnings before Interest and Taxes (EBIT)	178	85	-3.03	165	341	152	198	242	267	177
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	216	121	35	216	402	201	240	277	303	213
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.03	1.19	2.89	3.74	4.64	4.59	3.86	4.66	6.12	4.41
Price to Tangible Book Value (P/TBV)	4.09	3.22	7.83	9.14	9.37	11.14	9.80	13.74	18.54	8.34
Price to Revenue (P/Rev)	1.61	0.76	1.89	2.47	3.15	2.99	2.24	2.47	3.33	3.29
Price to Earnings (P/E)	0.00	9.72	18.50	13.82	13.88	16.69	13.70	56.77	42.64	28.91
Dividend Yield	2.65%	4.40%	1.82%	1.31%	10.64%	12.28%	14.94%	13.64%	1.06%	1.02%
Earnings Yield	0.00%	10.29%	5.41%	7.24%	7.20%	5.99%	7.30%	1.76%	2.35%	3.46%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.03	1.32	1.53	1.73	1.70	1.60	1.80	2.39	2.24
Enterprise Value to Revenue (EV/Rev)	5.05	4.03	5.05	5.22	5.84	5.69	4.40	4.37	4.79	4.59
Enterprise Value to EBITDA (EV/EBITDA)	19.23	12.74	14.13	12.45	12.52	12.27	10.31	10.83	12.17	12.89
Enterprise Value to EBIT (EV/EBIT)	28.07	16.76	18.42	15.41	15.12	14.59	12.06	12.67	14.44	15.28
Enterprise Value to NOPAT (EV/NOPAT)	31.68	21.04	23.44	18.98	18.16	16.68	13.17	11.78	12.49	12.99
Enterprise Value to Operating Cash Flow (EV/OCF)	20.36	22.73	24.93	18.97	17.09	15.63	15.48	24.18	31.93	35.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.94	418.62
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.26	4.48	4.27	3.71	3.83	3.91	3.50	3.61	3.15	2.23
Long-Term Debt to Equity	4.00	3.84	4.14	3.55	3.66	3.74	3.27	3.42	3.10	2.20
Financial Leverage	3.69	4.03	3.72	3.34	3.00	2.47	2.23	1.82	1.67	1.38
Leverage Ratio	6.04	6.47	6.16	5.71	5.65	4.81	4.52	4.14	4.24	3.63
Compound Leverage Factor	-6.18	1.08	169.78	2.70	4.38	2.76	3.05	2.91	2.96	2.01
Debt to Total Capital	80.98%	81.76%	81.04%	78.75%	79.28%	79.62%	77.79%	78.30%	75.90%	68.99%
Short-Term Debt to Total Capital	4.91%	11.70%	2.51%	3.27%	3.41%	3.49%	5.26%	4.15%	1.08%	0.90%
Long-Term Debt to Total Capital	76.07%	70.06%	78.53%	75.48%	75.87%	76.13%	72.53%	74.15%	74.82%	68.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.94%	2.28%	2.39%	2.52%	1.61%	1.84%	2.07%	2.25%	2.54%	2.40%
Common Equity to Total Capital	17.08%	15.94%	16.57%	18.73%	19.11%	18.54%	20.11%	19.42%	21.52%	28.58%
Debt to EBITDA	14.32	10.35	8.94	6.64	6.04	6.04	5.26	5.31	4.88	5.07
Net Debt to EBITDA	12.76	10.04	8.59	6.34	5.64	5.67	4.93	4.54	3.55	3.47
Long-Term Debt to EBITDA	13.45	8.87	8.66	6.36	5.78	5.78	4.90	5.03	4.81	5.00
Debt to NOPAT	23.59	17.09	14.83	10.12	8.76	8.22	6.72	5.78	5.00	5.10
Net Debt to NOPAT	21.03	16.58	14.25	9.66	8.19	7.71	6.29	4.94	3.64	3.49
Long-Term Debt to NOPAT	22.16	14.64	14.37	9.70	8.39	7.86	6.26	5.47	4.93	5.04
Altman Z-Score	0.45	0.22	0.50	0.71	0.85	0.68	0.63	0.93	1.18	1.38
Noncontrolling Interest Sharing Ratio	9.08%	10.93%	11.15%	11.29%	9.07%	8.36%	9.28%	9.53%	10.38%	9.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.38	0.72	0.66	0.57	0.45	0.35	0.83	0.98	1.83
Quick Ratio	0.49	0.19	0.34	0.31	0.29	0.28	0.18	0.47	0.68	1.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,725	-2,126	-2,447	-2,555	-3,106	-2,211	-1,395	-1,001	-93	-678
Operating Cash Flow to CapEx	56.36%	-3.86%	14.02%	19.76%	34.31%	4.59%	33.66%	35.53%	68.25%	-23.11%
Free Cash Flow to Firm to Interest Expense	-4.79	-29.90	-30.43	-29.33	-40.36	-34.11	-21.67	-13.96	-1.15	-8.63
Operating Cash Flow to Interest Expense	1.22	-0.24	1.16	0.80	3.74	0.51	4.72	2.79	3.28	-1.02
Operating Cash Flow Less CapEx to Interest Expense	-0.95	-6.35	-7.09	-3.27	-7.16	-10.69	-9.30	-5.07	-1.53	-5.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.22	0.23	0.26	0.27	0.26	0.30	0.31	0.32	0.35
Accounts Receivable Turnover	6.97	6.14	7.01	7.33	7.75	5.51	8.22	8.25	9.69	8.24
Inventory Turnover	11.42	12.92	8.38	8.59	13.67	10.83	10.60	16.76	29.28	17.10
Fixed Asset Turnover	0.53	0.41	0.44	0.55	0.62	0.66	0.81	1.06	1.37	0.00
Accounts Payable Turnover	2.42	1.44	1.93	2.71	3.32	1.81	2.98	5.60	15.04	7.90
Days Sales Outstanding (DSO)	52.34	59.49	52.06	49.77	47.09	66.26	44.42	44.22	37.67	44.28
Days Inventory Outstanding (DIO)	31.95	28.25	43.55	42.48	26.70	33.69	34.44	21.77	12.47	21.35
Days Payable Outstanding (DPO)	150.72	252.73	189.52	134.79	110.08	202.20	122.62	65.15	24.27	46.22
Cash Conversion Cycle (CCC)	-66.43	-164.99	-93.91	-42.53	-36.30	-102.25	-43.77	0.85	25.86	19.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,019	9,559	9,116	8,608	8,132	7,370	6,639	5,919	4,750	5,053
Invested Capital Turnover	0.26	0.29	0.30	0.35	0.37	0.35	0.41	0.46	0.52	0.53
Increase / (Decrease) in Invested Capital	1,887	2,189	2,478	2,688	3,382	2,317	1,564	1,223	339	846
Enterprise Value (EV)	11,944	9,860	12,064	13,180	14,098	12,525	10,649	10,662	11,340	11,335
Market Capitalization	3,801	1,864	4,507	6,243	7,606	6,591	5,417	6,041	7,880	8,130
Book Value per Share	$7.46	$7.62	$7.61	$8.15	$8.00	$7.00	$6.85	$6.21	$6.17	$8.80
Tangible Book Value per Share	$3.70	$2.82	$2.81	$3.33	$3.96	$2.89	$2.70	$2.11	$2.04	$4.65
Total Capital	10,984	9,796	9,414	8,923	8,581	7,747	6,982	6,678	5,984	6,457
Total Debt	8,895	8,009	7,629	7,026	6,803	6,168	5,431	5,229	4,542	4,455
Total Long-Term Debt	8,356	6,863	7,393	6,735	6,511	5,898	5,064	4,952	4,477	4,397
Net Debt	7,929	7,772	7,331	6,711	6,355	5,792	5,088	4,470	3,308	3,050
Capital Expenditures (CapEx)	782	435	663	354	838	726	902	563	387	345
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-524	-766	-502	-552	-745	-1,012	-1,192	-587	-798	143
Debt-free Net Working Capital (DFNWC)	442	-529	-204	-237	-434	-774	-987	35	43	532
Net Working Capital (NWC)	-97	-1,675	-440	-528	-726	-1,045	-1,354	-242	-22	474
Net Nonoperating Expense (NNE)	385	52	118	77	62	44	49	70	181	111
Net Nonoperating Obligations (NNO)	7,929	7,772	7,331	6,711	6,355	5,792	5,088	4,470	3,308	3,050
Total Depreciation and Amortization (D&A)	39	36	38	50	61	49	42	35	36	36
Debt-free, Cash-free Net Working Capital to Revenue	-22.15%	-31.34%	-21.00%	-21.85%	-30.85%	-45.97%	-49.28%	-24.04%	-33.70%	5.80%
Debt-free Net Working Capital to Revenue	18.68%	-21.65%	-8.54%	-9.37%	-17.97%	-35.18%	-40.82%	1.43%	1.80%	21.52%
Net Working Capital to Revenue	-4.11%	-68.53%	-18.42%	-20.92%	-30.10%	-47.47%	-55.99%	-9.91%	-0.93%	19.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.10)	$0.04	($0.44)	$0.26	$1.06	$0.30	$0.58	$0.72	$0.30	$0.30
Adjusted Weighted Average Basic Shares Outstanding	217.58M	205.07M	205.07M	205.06M	205.94M	205.03M	205.05M	208.71M	209.50M	209.63M
Adjusted Diluted Earnings per Share	($1.10)	$0.03	($0.44)	$0.26	$1.06	$0.30	$0.58	$0.71	$0.32	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	218.62M	208.88M	205.85M	205.98M	206.48M	205.03M	205.71M	209.33M	209.85M	209.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	273.77M	251.42M	205.07M	205.06M	205.03M	205.03M	205.03M	205.03M	208.77M	208.77M
Normalized Net Operating Profit after Tax (NOPAT)	166	67	35	190	254	108	170	222	256	173
Normalized NOPAT Margin	24.40%	11.76%	8.24%	27.58%	33.49%	21.04%	30.35%	38.38%	46.85%	23.60%
Pre Tax Income Margin	-26.81%	2.51%	-19.49%	11.34%	34.77%	16.92%	23.72%	29.45%	34.12%	13.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.49	1.20	-0.04	1.90	4.43	2.34	3.07	3.38	3.32	2.25
NOPAT to Interest Expense	0.45	0.89	0.39	1.53	3.59	1.64	2.62	3.10	3.06	2.13
EBIT Less CapEx to Interest Expense	-1.68	-4.92	-8.28	-2.17	-6.47	-8.86	-10.95	-4.48	-1.49	-2.15
NOPAT Less CapEx to Interest Expense	-1.72	-5.23	-7.86	-2.54	-7.30	-9.56	-11.39	-4.76	-1.74	-2.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-26.94%	43.29%	41.60%	23.46%	131.90%	181.17%	185.06%	761.86%	53.60%	36.52%
Augmented Payout Ratio	-26.94%	43.29%	41.60%	23.46%	131.90%	181.17%	185.06%	761.86%	53.60%	36.52%

Frequently Asked Questions About New Fortress Energy's Financials

When does New Fortress Energy's fiscal year end?

According to the most recent income statement we have on file, New Fortress Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has New Fortress Energy's net income changed over the last 7 years?

New Fortress Energy's net income appears to be on an upward trend, with a most recent value of -$242.39 million in 2024, rising from -$31.67 million in 2017. The previous period was $548.88 million in 2023. Check out New Fortress Energy's forecast to explore projected trends and price targets.

What is New Fortress Energy's operating income?

New Fortress Energy's total operating income in 2024 was $538.64 million, based on the following breakdown:

Total Gross Profit: $1.13 billion
Total Operating Expenses: $587.24 million

How has New Fortress Energy revenue changed over the last 7 years?

Over the last 7 years, New Fortress Energy's total revenue changed from $97.26 million in 2017 to $2.36 billion in 2024, a change of 2,331.4%.

How much debt does New Fortress Energy have?

New Fortress Energy's total liabilities were at $10.78 billion at the end of 2024, a 23.6% increase from 2023, and a 2,486.1% increase since 2018.

How much cash does New Fortress Energy have?

In the past 6 years, New Fortress Energy's cash and equivalents has ranged from $27.10 million in 2019 to $675.49 million in 2022, and is currently $492.88 million as of their latest financial filing in 2024.

How has New Fortress Energy's book value per share changed over the last 7 years?

Over the last 7 years, New Fortress Energy's book value per share changed from 0.00 in 2017 to 7.46 in 2024, a change of 746.3%.

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This page (NASDAQ:NFE) was last updated on 5/29/2025 by MarketBeat.com Staff

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New Fortress Energy (NFE) Financials

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