New Fortress Energy Inc. has reported its condensed consolidated statements of cash flows for the three months ended March 31, 2025, and 2024. The figures reveal significant changes in various financial metrics between the two periods.
In terms of net (loss) income, there has been a substantial decrease from a positive $56,670 in 2024 to a negative $197,373 in 2025. This represents a notable shift in the company's financial performance. Additionally, the depreciation and amortization expenses have increased from $50,491 in 2024 to $63,353 in 2025, indicating a rise in non-cash expenses.
Cash flows from operating activities have also seen a significant decline, moving from a positive $70,050 in 2024 to a negative $31,705 in 2025. This suggests a considerable shift in the company's ability to generate cash from its core business operations.
The cash flows from investing activities have also undergone a notable change, with the net cash used in investing activities amounting to $335,915 in 2025, compared to $219,780 in 2024. This indicates a substantial increase in the cash outflow related to investment activities.
Furthermore, the cash flows from financing activities have seen an increase in net cash provided, rising from $157,617 in 2024 to $204,456 in 2025, reflecting a positive shift in the company's financing activities.
The impact of changes in foreign exchange rates on cash and cash equivalents has also shown a significant swing, moving from a negative $3,768 in 2024 to a positive $34,332 in 2025.
The market has reacted to these announcements by moving the company's shares -3.59% to a price of $2.15. Check out the company's full 8-K submission here.
