New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced the completion of the sale of its assets and operations in Jamaica to Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") for $1.055 billion. The transaction was initially announced by NFE on March 27, 2025. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. Pursuant to the transaction, Excelerate Energy, Inc. has acquired full ownership of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure. "The closi

Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has closed its acquisition of New Fortress Energy Inc.'s (NASDAQ:NFE) business in Jamaica (the "Acquisition"). Under the terms of the purchase agreement, Excelerate has acquired the assets and operations of the Montego Bay liquified natural gas ("LNG") Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant. Subsequent to the announcement of the Acquisition, the Company successfully raised approximately $1.0 billion in equity and debt financings to fund the Acquisition. In the second quarter of 2025, Excelerate completed an equity offering of eight million shares of Cl

New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") announced today that its subsidiary has executed a three-year charter agreement for the Energos Freeze, a 125,000 m³ Floating Storage and Regasification Unit (FSRU), with Energía 2000 S.A. in the Dominican Republic. The Energos Freeze will be deployed to Energía 2000 S.A.'s LNG import terminal located at the port of Pepillo Salcedo (Manzanillo) and is expected to commence operations in September 2025. The FSRU will provide critical LNG regasification services to support power generation and industrial energy demand across the region. "This charter agreement reflects our continued commitment to expanding energy access in the Ca

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") is rescheduling the announcement of its financial results for the first quarter of 2025 to Wednesday, May 14th, 2025 at 4:00 P.M. Eastern Time to announce the closing of the Jamaica transaction, and announce an update to the use of proceeds. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. The Company will hold a conference call on Wednesday, May 14th, 2025 at 4:30 P.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1 (323) 701-0225 (from outside of the U.S.) fifteen minutes

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the first quarter of 2025 after 4:00 P.M. Eastern Time on Monday, May 12th, 2025. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Monday, May 12th, 2025 at 4:30 P.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1 (323) 701-0225 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE First-Quarter 2025 Earnings Call" or confe

Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that Excelerate Energy Limited Partnership (the "Issuer"), a subsidiary of Excelerate, has priced its offering (the "Offering") of $800 million in aggregate principal amount of 8.000% unsecured senior notes due 2030 (the "2030 Notes"). The 2030 Notes will mature on May 15, 2030 and will be issued at par. The Offering is expected to close on May 5, 2025, subject to customary closing conditions. The Offering was upsized to $800 million in aggregate principal amount of 2030 Notes from the original offering size of $700 million in aggregate principal amount of 2030 Notes. Excelerate intends to use the net proceeds

Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that Excelerate Energy Limited Partnership (the "Issuer"), a subsidiary of Excelerate, has commenced an offering (the "Offering") of $700 million in aggregate principal amount of unsecured senior notes due 2030 (the "2030 Notes"). Excelerate intends to use the net proceeds from the Offering, together with the net proceeds from the equity offering previously consummated by the Company and cash on hand, to (i) fund the consideration payable by the Company in the previously-announced pending acquisition of New Fortress Energy, Inc.'s (NASDAQ:NFE) business in Jamaica for $1.055 billion, subject to certain adjustme

Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced the pricing of its previously announced underwritten registered public offering of 6,956,522 shares of Class A common stock at a public offering price per share of $26.50. The size of the offering increased from the previously announced $150,000,000 of shares of common stock to $184,347,833 of shares of the company's common stock, which represents the gross proceeds of the offering before the underwriting discount and estimated offering expenses. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,043,478 shares of its Class A common stock at the public offe

Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") announced that it has commenced an underwritten public offering of $150 million of shares of its Class A common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from this offering, togeth

Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of "Last-Mile" LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Assets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth Opportunities Acquisition Is Immediately Accretive to Earnings per Share and Enhances Operating Cash Flow Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has entered into a definitive agreement with New Fortress Energy Inc. ("NFE") (NASDAQ:NFE) under which Excelerate will acquire NFE's busi

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New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced the completion of the sale of its assets and operations in Jamaica to Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") for $1.055 billion. The transaction was initially announced by NFE on March 27, 2025. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. Pursuant to the transaction, Excelerate Energy, Inc. has acquired full ownership of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure. "The closi

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") is rescheduling the announcement of its financial results for the first quarter of 2025 to Wednesday, May 14th, 2025 at 4:00 P.M. Eastern Time to announce the closing of the Jamaica transaction, and announce an update to the use of proceeds. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. The Company will hold a conference call on Wednesday, May 14th, 2025 at 4:30 P.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1 (323) 701-0225 (from outside of the U.S.) fifteen minutes

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the first quarter of 2025 after 4:00 P.M. Eastern Time on Monday, May 12th, 2025. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Monday, May 12th, 2025 at 4:30 P.M. Eastern Time. The conference call may be accessed by dialing (888) 256-1007 (toll-free from within the U.S.) or +1 (323) 701-0225 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE First-Quarter 2025 Earnings Call" or confe

Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of "Last-Mile" LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Assets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth Opportunities Acquisition Is Immediately Accretive to Earnings per Share and Enhances Operating Cash Flow Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has entered into a definitive agreement with New Fortress Energy Inc. ("NFE") (NASDAQ:NFE) under which Excelerate will acquire NFE's busi

New Fortress Energy Inc. (NASDAQ:NFE) ("NFE") announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and enhance financial flexibility. The transaction includes the sale of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clar

New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the fourth quarter and for the year ended December 31, 2024. Summary Highlights Adjusted EBITDA(1) of $313 million in the fourth quarter of 2024 and $950 million in the full year 2024 Net loss of $224 million in the fourth quarter of 2024 and $242 million in the full year 2024, driven primarily by costs incurred with refinancing our debt including a Q4 loss on extinguishment of debt of $260 million. Adjusted Net Income(3) of $29 million in the fourth quarter of 2024 and $101 million for the full year 2024 Adjusted EPS(2) of $0.13 on a fully diluted basis in the fourth quarte

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the fourth quarter 2024 after 4:00 P.M. Eastern Time on Monday, March 3rd, 2025. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Monday, March 3rd, 2025 at 5:00 P.M. Eastern Time. The conference call may be accessed by dialing (888) 394-8218 (toll-free from within the U.S.) or +1 (323) 994-2093 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Fourth-Quarter 2024 Earnings Call" or con

New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today reported its financial results for the third quarter of 2024. Summary Highlights Adjusted EBITDA(1) of $176 million in the third quarter of 2024 Net income of $11 million in the third quarter of 2024 Adjusted EPS(2) of $0.05 on a fully diluted basis in the third quarter of 2024 EPS of $0.03 on a fully diluted basis in the third quarter of 2024 Illustrative Adjusted EBITDA Goal(4) of $855 million in the full year 2024 "This has been a strong and steady third quarter for the company as we achieved Adjusted EBITDA of $176 million, matching our guidance of $175 million. This was largely the result of steady volume

New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") plans to announce its financial results for the third quarter 2024 prior to 8:00 A.M. Eastern Time on Thursday, November 7th, 2024. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com. In addition, management will host a conference call on Thursday, November 7th, 2024 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 204-4368 (toll-free from within the U.S.) or +1-323-994-2093 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference "NFE Third-Quarter 2024 Earnings Call

New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced that the Company has determined to delay the payment of the Company's previously declared $0.10 per share Class A common stock dividend, with a record date of September 13, 2024 (the "Dividend"), until such time as the Company has reached an agreement with its noteholders to address the Company's near-term maturities and liquidity requirements. The Company expects to reach an agreement with its noteholders in the near future, after which the Company will reevaluate the payment of the Dividend, including with respect to its amount and the timing of any potential payment. About New Fortress Energy Inc. New Fortre

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Deutsche Bank upgraded New Fortress Energy from Sell to Hold and set a new price target of $11.00

Morgan Stanley downgraded New Fortress Energy from Overweight to Equal-Weight and set a new price target of $15.00 from $35.00 previously

Deutsche Bank downgraded New Fortress Energy from Hold to Sell and set a new price target of $7.60 from $21.00 previously

Deutsche Bank downgraded New Fortress Energy from Buy to Hold and set a new price target of $35.00 from $40.00 previously

CapitalOne initiated coverage of New Fortress Energy with a rating of Equal Weight

BofA Securities downgraded New Fortress Energy from Buy to Neutral and set a new price target of $31.00 from $59.00 previously

Deutsche Bank initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $60.00

BofA Securities initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $67.00

BTIG Research upgraded New Fortress Energy from Neutral to Buy and set a new price target of $50.00

Jefferies initiated coverage of New Fortress Energy with a rating of Buy and set a new price target of $65.00

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AUSTIN, Texas, Nov. 21, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, today announced it has completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy Inc. (NASDAQ:NFE). The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu per day of LNG, optimized for truck and rail logistics to enable efficient and flexible distribution for its customers. The Miami LNG business serves the hospitality, industrial, transpo

January 13, 2021 – Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announced that it has entered into an agreement and plan of merger with New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Under the merger agreement, NFE has agreed to acquire all of the outstanding common units and general partner units of GMLP for $3.55 per unit in cash for a total purchase price of $251 million equity value. In connection with the transaction, GMLP’s incentive distribution rights will be cancelled. The Series A preferred units of GMLP will remain outstanding. The consideration to be received by GMLP common unitholders represents a 27% premium to the closing price of GMLP’s common units of $2.79/unit o

January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (“Hygo”) to New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transa

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil. “The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing region of Brazil,” said Wes Edens, Chairman and CEO of New Fortress Energy. “Our LNG terminal and gas-fired power plant will advance the clean energy transition in the state of Pernambuco and t

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), and Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”). “With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world’s energy transition,” said Wes Edens, Chairman and CEO of NFE. “The addition of Hygo will quickly expand