New Fortress Energy Inc. has recently released its 10-Q report, showcasing its operations as an integrated gas-to-power energy infrastructure company. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in natural gas procurement, liquefaction, logistics, shipping, facilities, and conversion or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units (FSRU) and liquefied natural gas (LNG) carriers leased to customers under long-term or spot arrangements. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
The 10-Q report also includes Item 2, which discusses the Management’s Discussion and Analysis of Financial Condition and Results of Operations. The report contains forward-looking statements and highlights the risks and uncertainties involved. The report is intended to provide investors with an understanding of the company's past performance and current financial condition, which may not necessarily be indicative of its future performance.
New Fortress Energy Inc. operates several facilities, including the San Juan Facility, serving industrial end-user customers in Puerto Rico. The company entered into agreements for the installation and operation of approximately 350MW of additional power in Puerto Rico. In Mexico, the company's La Paz Facility supplies gas-fired power units and has a maximum capacity of up to 135MW of power. Additionally, the Santa Catarina Facility in Brazil has an FSRU with a processing capacity of approximately 500,000 MMBtu from LNG per day.
The company provides reliable, affordable, and clean energy supplies to customers worldwide through various sources, including contractual supply commitments, its own FLNG production, and additional LNG supply contracts expected to commence in 2027. New Fortress Energy Inc. is also involved in the development of modular liquefaction facilities, LNG terminal facilities, power plants, and green hydrogen projects across the globe.
In May 2025, the company completed the sale of its Jamaica business, receiving net cash proceeds of approximately $678 million, with additional proceeds held in escrow. The report also discusses the impact of geopolitical events on the natural gas and LNG markets, emphasizing the company's strategies to mitigate exposure to fluctuations in LNG prices.
Following these announcements, the company's shares moved 4.25%, and are now trading at a price of $2.45. Check out the company's full 10-Q submission here.
