New Fortress Energy (NFE) Reports Sharp Financial Decline

By Hao Liu • Friday, June 20 10:12 • Permanent Link

New Fortress Energy Inc. has released its condensed consolidated statements of cash flows for the three months ended March 31, 2025 and 2024. The figures reveal a significant shift in the company's financial performance.

In the first quarter of 2025, the net (loss) income stood at $(197,373) compared to $56,670 in the same period in 2024. This indicates a substantial decline. Additionally, the company reported a decrease in net cash provided by operating activities from $70,050 in 2024 to $(31,705) in 2025.

The cash flows from investing activities also saw a notable change. Capital expenditures decreased from $(683,449) in 2024 to $(340,470) in 2025. Moreover, the net cash used in investing activities increased from $(219,780) in 2024 to $(335,915) in 2025.

On the financing front, New Fortress Energy Inc. experienced an increase in net cash provided by financing activities, rising from $157,617 in 2024 to $204,456 in 2025. The company also saw a decrease in the net (decrease) increase in cash, cash equivalents, and restricted cash, dropping from an increase of $4,119 in 2024 to a decrease of $(128,832) in 2025.

The balance sheet line-items included in cash and cash equivalents and restricted cash also displayed significant changes. Cash and cash equivalents and restricted cash at the end of the period surged to $836,745 in 2025 from $314,933 in 2024.

These figures indicate a mixed bag of financial performance for New Fortress Energy Inc. in the first quarter of 2025 compared to the same period in 2024. Today the company's shares have moved -3.59% to a price of $2.15. For the full picture, make sure to review New Fortress Energy's 8-K report.

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