New Fortress Energy Inc (NFE) financial statements: income statement, balance sheet and cash flow
New Fortress Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), New Fortress Energy Inc reported revenue of $1.5B (-36.4% year on year).
Income statement
New Fortress Energy Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Operating revenue
$1.2B
$1.7B
$2.1B
$2.0B
Vessel charter revenue
$190.5M
$212.6M
$276.8M
$357.2M
Contract novation income
$6.4M
$295.6M
—
—
Other revenue
$127.7M
$158.3M
$76.2M
$32.5M
Total revenues
$1.5B
$2.4B
$2.4B
$2.4B
Cost of sales (exclusive of depreciation and amortization shown separately below)
$918.6M
$1.1B
$877.5M
$1.0B
Vessel operating expenses
$26.6M
$33.4M
$45.4M
$63.5M
Operations and maintenance
$218.5M
$174.3M
$166.8M
$105.8M
Selling, general and administrative
$307.4M
$285.5M
$205.1M
$236.1M
Transaction and integration costs
$161.8M
$12.3M
$6.9M
$21.8M
Depreciation and amortization
$203.5M
$162.0M
$187.3M
$142.6M
Goodwill impairment expense
$598.1M
—
—
—
Asset impairment expense
$860.9M
$16.5M
$11.0M
$50.7M
(Gain) loss on sale
($670.9M)
$77.6M
($29.4M)
—
Total operating expenses
$2.6B
$1.8B
$1.5B
$1.6B
Operating (loss) income
($1.1B)
$538.6M
$942.7M
$737.4M
Interest expense
$777.8M
$328.4M
$277.8M
$236.9M
Other (income) expense, net
($147.6M)
$113.1M
$10.4M
($48.0M)
Loss on extinguishment of debt, net
$19.9M
$270.1M
$0
$15.0M
(Loss) income before income taxes
($1.8B)
($172.9M)
$654.4M
$533.6M
Income from equity method investments
$0
$0
$10.0M
($472.2M)
Tax provision
$61.4M
$69.5M
$115.5M
($123.4M)
Net (loss) income
($1.8B)
($242.4M)
$548.9M
$184.8M
Net (loss) attributable to common stockholders
($1.8B)
($270.1M)
—
—
Net (loss) income per share - basic (in dollars per share)
-$6.63
-$1.24
$2.66
$0.93
Net (loss) income per share - diluted (in dollars per share)
-$6.63
-$1.25
$2.65
$0.93
Weighted average number of shares outstanding - basic (in shares)
278.5M
217.6M
205.9M
209.5M
Weighted average number of shares outstanding - diluted (in shares)
278.5M
218.6M
206.5M
209.9M
Currency translation adjustment
$48.5M
($69.5M)
$18.0M
$68.4M
Reclassification of net foreign currency translation adjustment realized upon sale of foreign subsidiary
$0
$0
($1.5M)
—
Comprehensive (loss) income
($1.8B)
($311.9M)
$565.4M
$253.2M
Comprehensive (income) attributable to non-controlling interest
($13.5M)
($5.6M)
($1.4M)
$10.8M
Comprehensive (loss) income attributable to stockholders
($1.8B)
($317.5M)
$564.0M
$264.0M
New Fortress Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Operating revenue
$272.4M
$185.2M
$240.3M
$227.2M
Vessel charter revenue
$16.1M
$11.2M
$61.0M
$46.7M
Contract novation income
$1.3M
$943.0K
—
—
Total other revenue
$22.7M
$29.6M
$26.0M
$27.7M
Total revenues
$312.5M
$227.0M
$327.4M
$301.7M
Cost of sales (exclusive of depreciation and amortization shown separately below)
$210.4M
$199.7M
$196.9M
$208.9M
Vessel operating expenses
$6.0M
$654.0K
$7.3M
$8.1M
Operations and maintenance
$41.0M
$48.3M
$58.5M
$59.8M
Selling, general and administrative
$85.3M
$47.5M
$86.0M
$57.3M
Transaction and integration costs
$72.5M
$53.3M
$19.6M
$75.4M
Depreciation and amortization
$45.6M
$41.1M
$50.5M
$52.9M
Goodwill impairment expense
$0
—
$0
$582.2M
Asset impairment expense
$0
$61.9M
$10.4M
$117.3M
Loss (Gain) on sale
$404.0K
—
$1.7M
—
Total operating expenses
$461.2M
$452.3M
$431.0M
$689.0M
Operating (loss) income
($148.7M)
($225.4M)
($103.6M)
($387.3M)
Interest expense
$226.7M
$186.9M
$210.6M
$206.4M
Other (income) expense, net
$1.2M
($43.2M)
($29.0M)
($56.3M)
Loss on extinguishment of debt
$4.3M
$0
$0
($20.3M)
(Loss) income before income taxes
($380.9M)
($369.1M)
($285.1M)
($557.8M)
Tax (benefit) provision
($8.0M)
$31.5M
$8.2M
($967.0K)
Net (loss) income
($373.0M)
($400.6M)
($293.4M)
($556.8M)
Net (loss) income attributable to common stockholders
($371.4M)
($399.9M)
($300.0M)
($555.1M)
Net (loss) income per share - basic (in dollars per share)
-$1.30
-$1.40
-$1.07
-$2.02
Net (loss) income per share – diluted (in dollars per share)
-$1.30
-$1.40
-$1.07
-$2.02
Weighted average number of shares outstanding, basic (in shares)
285.6M
285.7M
281.1M
274.4M
Weighted average number of shares outstanding - diluted (in shares)
285.6M
285.7M
281.1M
274.4M
Currency translation adjustment
$3.2M
$34.3M
$18.5M
$34.3M
Comprehensive (loss) income
($369.8M)
($366.3M)
($274.8M)
($522.5M)
Comprehensive (income) loss attributable to non-controlling interest
$2.1M
$628.0K
($6.3M)
$616.0K
Comprehensive (loss) income attributable to stockholders
($367.6M)
($365.6M)
($281.1M)
($521.9M)
Balance sheet
New Fortress Energy Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$226.5M
$492.9M
$155.4M
$675.5M
Restricted cash
$130.5M
$472.7M
$155.4M
$165.4M
Receivables, net of allowances
$452.0M
$335.8M
$342.4M
$280.3M
Inventory
$119.4M
$103.2M
$113.7M
$39.1M
Prepaid expenses and other current assets, net
$400.3M
$205.5M
$213.1M
$226.9M
Total current assets
$1.3B
$1.6B
$980.0M
$1.4B
Construction in progress
$3.6B
$3.6B
$5.3B
$2.4B
Property, plant and equipment, net
$4.9B
$5.8B
$2.5B
$2.1B
Right-of-use assets
$411.8M
$618.7M
$588.4M
$377.9M
Intangible assets, net
$187.6M
$179.5M
$51.8M
$85.9M
Goodwill
$0
$766.4M
$776.8M
$776.8M
Deferred tax assets, net
$0
$2.7M
$9.9M
$8.1M
Other non-current assets, net
$140.8M
$272.9M
$126.9M
$137.1M
Total assets
$10.6B
$12.9B
$10.5B
$7.7B
Current portion of long-term debt and short-term borrowings
$7.1B
$539.1M
$292.6M
$64.8M
Accounts payable
$731.6M
$473.7M
$549.5M
$80.4M
Accrued liabilities
$597.8M
$391.4M
$471.7M
$1.2B
Current lease liabilities
$72.3M
$128.4M
$164.5M
$48.7M
Other current liabilities
$177.8M
$174.8M
$228.0M
$52.9M
Total current liabilities
$8.7B
$1.7B
$1.7B
$1.4B
Long-term debt
$1.1B
$8.4B
$6.5B
$4.5B
Non-current lease liabilities
$318.8M
$475.2M
$406.5M
$302.1M
Deferred tax liabilities, net
$76.5M
$73.2M
$44.4M
$26.0M
Other long-term liabilities
$92.3M
$166.4M
$55.6M
$49.0M
Total liabilities
$10.2B
$10.8B
$8.7B
$6.3B
Series B convertible preferred stock, $0.01 par value, — shares authorized, issued and outstanding as of December 31, 2025 (96,746 as of December 31, 2024); aggregate liquidation preference of $— and $96,746 at December 31, 2025 and December 31, 2024
0
90.6M
—
—
Class A common stock, $0.01 par value, 750.0 million shares authorized, 284.6 million issued and outstanding as of December 31, 2025; 266.5 million issued and outstanding as of December 31, 2024
2.8M
2.7M
2.0M
2.1M
Additional paid-in capital
$1.8B
$1.7B
$1.0B
$1.2B
(Accumulated deficit) retained earnings
($1.7B)
$196.4M
$528.0M
$62.1M
Accumulated other comprehensive income
$54.1M
$3.1M
$71.5M
$55.4M
Total stockholders’ equity attributable to NFE
$182.6M
$1.9B
$1.6B
$1.3B
Non-controlling interest
$127.0M
$122.7M
$137.8M
$152.0M
Total stockholders’ equity
$309.6M
$2.0B
$1.8B
$1.4B
Total liabilities and stockholders’ equity
$10.6B
$12.9B
$10.5B
$7.7B
New Fortress Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$161.2M
$92.4M
$145.2M
$551.1M
Restricted cash
$339.0M
$97.5M
$244.1M
$270.3M
Receivables, net of allowances of $17,533 and $17,800, respectively
$276.7M
$370.3M
$419.8M
$269.4M
Inventory
$119.8M
$152.9M
$109.3M
$74.0M
Prepaid expenses and other current assets, net
$512.6M
$445.6M
$415.4M
$317.7M
Total current assets
$1.4B
$1.2B
$1.3B
$1.5B
Construction in progress
$3.6B
$3.8B
$4.2B
$4.1B
Property, plant and equipment, net
$5.3B
$4.9B
$5.5B
$5.5B
Right-of-use assets
$209.6M
$244.8M
$418.4M
$437.5M
Intangible assets, net
$190.4M
$192.4M
$195.8M
$194.8M
Other non-current assets, net
$109.2M
$113.6M
$168.5M
$214.2M
Total assets
$10.7B
$10.4B
$11.9B
$12.0B
Current portion of long-term debt and short-term borrowings
$6.7B
$7.2B
$6.6B
$1.2B
Accounts payable
$608.4M
$634.7M
$632.8M
$578.8M
Accrued liabilities
$1.0B
$844.1M
$488.9M
$253.0M
Current lease liabilities
$83.0M
$26.9M
$63.7M
$79.1M
Other current liabilities
$247.9M
$239.8M
$189.1M
$108.8M
Total current liabilities
$8.7B
$8.9B
$8.0B
$2.2B
Long-term debt
$2.1B
$1.1B
$2.3B
$7.8B
Non-current lease liabilities
$172.3M
$259.8M
$328.1M
$341.5M
Deferred tax liabilities, net
$70.2M
$73.9M
$53.2M
$61.8M
Other long-term liabilities
$88.4M
$83.0M
$110.5M
$154.1M
Total liabilities
$11.2B
$10.4B
$10.8B
$10.6B
Class A common stock, $0.01 par value, 750 million shares authorized, 285.6 million issued and outstanding as of June 30, 2026; 284.6 million issued and outstanding as of December 31, 2025
2.9M
2.9M
2.8M
2.7M
Additional paid-in capital
$1.8B
$1.8B
$1.8B
$1.7B
Retained earnings (accumulated deficit)
($2.4B)
($2.1B)
($858.1M)
($558.4M)
Accumulated other comprehensive income
$92.2M
$88.4M
$78.0M
$59.4M
Total stockholders’ (deficit) equity attributable to NFE
($553.6M)
($180.2M)
$995.4M
$1.2B
Non-controlling interest
$121.2M
$125.2M
$128.7M
$122.4M
Total stockholders’ (deficit) equity
($432.4M)
($55.0M)
$1.1B
$1.4B
Total liabilities and stockholders’ (deficit) equity
$10.7B
$10.4B
$11.9B
$12.0B
Cash flow statement
New Fortress Energy Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($1.8B)
($242.4M)
$548.9M
$184.8M
Amortization of deferred financing costs and debt guarantee, net
$54.0M
$33.2M
$6.6M
$2.5M
Depreciation and amortization
$242.3M
$162.5M
$187.3M
$143.6M
Deferred taxes
$25.8M
$5.5M
$14.9M
($279.5M)
Share-based compensation
$14.5M
$50.6M
$1.6M
$30.4M
Asset impairment expense
$860.9M
—
$11.0M
$50.7M
Goodwill impairment expense
$598.1M
—
—
—
Earnings recognized from vessels chartered to third parties transferred to Energos
($48.3M)
($95.5M)
($157.0M)
($49.7M)
(Gain) loss on sale of assets, net
($670.9M)
$77.6M
($29.4M)
—
Loss on extinguishment of debt, net
$19.9M
($270.1M)
$0
—
Other
$93.0K
$153.3M
$21.4M
($14.2M)
(Increase) decrease in receivables
($216.4M)
$64.7M
($41.0M)
($139.9M)
(Increase) in inventories
($38.4M)
($2.8M)
($39.8M)
($7.9M)
(Increase) decrease in other assets
($62.0M)
($65.4M)
$41.8M
($30.1M)
Decrease in right-of-use assets
$63.4M
$164.1M
$83.5M
$63.6M
Increase in accounts payable/accrued liabilities
$513.5M
$187.8M
$78.1M
$67.7M
(Decrease) in lease liabilities
($76.1M)
($160.6M)
($74.6M)
($63.5M)
Increase (decrease) in other liabilities
($32.0M)
($37.2M)
$141.3M
$5.3M
Net cash (used in) provided by operating activities
($583.4M)
$586.7M
$824.8M
$355.1M
Capital expenditures
($650.8M)
($2.6B)
($3.0B)
($1.2B)
Sale of Jamaica Business
$961.9M
—
—
—
Sale of vessels to Energos
$150.0M
—
—
—
Sale of equity method investment
$0
$136.4M
$100.0M
$500.1M
Other asset sales
$0
$329.0M
—
—
Sale of Miami Facility
$0
$58.3M
—
—
Other investing activities
$4.7M
$22.9M
$9.2M
($1.8M)
Net cash provided by (used in) investing activities
$465.8M
($2.1B)
($2.9B)
($82.7M)
Proceeds from borrowings of debt
$1.4B
$5.9B
$3.0B
$2.0B
Payments made for capital expenditures paid beyond customary vendor payment terms
($257.9M)
—
—
—
Repayment of debt
($1.6B)
($3.8B)
($686.5M)
($1.5B)
Payment of deferred financing costs
($28.3M)
($146.7M)
($37.8M)
($17.6M)
Payment of dividends
($3.5M)
($65.3M)
($724.0M)
($99.0M)
Issuance of Class A stock
$0
$386.6M
—
—
Other financing activities
($22.5M)
($14.2M)
($18.6M)
—
Net cash (used in) provided by financing activities
($543.6M)
$2.2B
$1.5B
$322.0M
Impact of changes in foreign exchange rates on cash and cash equivalents
$52.6M
($81.9M)
$6.2M
($3.3M)
Net (decrease) increase in cash, cash equivalents and restricted cash
($608.6M)
$654.8M
($544.3M)
$591.1M
Cash, cash equivalents and restricted cash – beginning of period
$965.6M
$310.8M
$855.1M
$264.0M
Cash paid for interest, net of capitalized interest
$352.2M
$105.8M
$100.3M
$160.6M
Changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions
($183.8M)
($267.4M)
$322.6M
$284.4M
Accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions
$233.8M
$463.7M
—
—
Principal payments on financing obligation paid to Energos by third party charters
($30.8M)
($21.7M)
($66.9M)
($24.9M)
Non-cash settlement of Vessel Financing Obligation
$734.2M
—
—
—
Proceeds held in escrow
$58.0M
—
—
—
Accrued dividend
$0
$20.5M
$0
$626.3M
New Fortress Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($773.6M)
($400.6M)
($1.0B)
($754.2M)
Amortization of deferred financing costs and debt guarantee, net
$21.6M
$7.3M
$47.5M
—
Depreciation and amortization
$107.9M
$51.4M
$183.4M
$124.5M
Deferred taxes
($9.8M)
($5.5M)
($15.5M)
$590.0K
Share-based compensation
$8.8M
$3.8M
$10.6M
—
Asset impairment expense
$61.9M
$61.9M
$127.9M
$117.6M
Goodwill impairment expense
$0
—
$582.2M
$582.2M
(Gain) loss on sale
$258.0K
—
($471.0M)
($472.7M)
Loss on extinguishment of debt
$4.3M
—
($20.8M)
($20.8M)
(Earnings) recognized from vessels chartered to third parties transferred to Energos
($3.7M)
($6.2M)
($24.9M)
($23.3M)
Other
$9.3M
$2.0M
($659.0K)
$30.5M
(Increase) decrease in receivables
$145.7M
$89.2M
($164.5M)
($15.0M)
(Increase) decrease in inventories
($1.7M)
($34.9M)
($27.7M)
$6.1M
(Increase) decrease in other assets
($70.1M)
($11.0M)
($81.2M)
($32.0M)
(Increase) decrease in right-of-use assets
$33.4M
$10.4M
—
—
Increase (decrease) in accounts payable/accrued liabilities
$134.5M
$65.4M
$326.5M
$98.8M
Increase (decrease) in lease liabilities
($27.8M)
($8.6M)
($67.8M)
($39.9M)
Increase (decrease) in other liabilities
$80.7M
$56.6M
($25.0M)
($61.0M)
Net cash provided by (used in) operating activities
($278.2M)
($118.9M)
($575.2M)
($384.2M)
Capital expenditures
($83.8M)
($43.6M)
($758.5M)
($652.8M)
Sale of Jamaica business
$0
—
$949.5M
$949.5M
Other investing activities
$0
$0
$4.7M
$4.8M
Net cash provided by (used in) investing activities
($83.8M)
($43.6M)
$195.7M
$301.4M
Proceeds from borrowings of debt
$1.2B
$0
$1.4B
$1.3B
Repayment of debt
($674.2M)
($906.0K)
($1.6B)
($1.4B)
Payments made for capital expenditures paid beyond customary vendor payment terms
($16.1M)
($5.0M)
—
—
Payment of deferred financing costs
($6.4M)
($1.5M)
($27.8M)
($27.8M)
Payment of dividends
$0
$0
($3.0M)
($3.0M)
Other financing activities
($7.1M)
($3.6M)
($6.6M)
($6.3M)
Net cash provided by (used in) financing activities
$497.4M
($11.0M)
($254.3M)
($110.4M)
Impact of changes in foreign exchange rates on cash and cash equivalents
$7.9M
$6.4M
$57.6M
$49.0M
Net increase (decrease) in cash, cash equivalents and restricted cash
$143.2M
($167.1M)
($576.2M)
($144.2M)
Cash, cash equivalents and restricted cash – beginning of period
$356.9M
$356.9M
$965.6M
$965.6M
Changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions
$65.7M
$35.2M
($163.9M)
($161.1M)
Accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions
$239.1M
$238.7M
$295.2M
$266.2M
Proceeds held in escrow
$0
—
$98.6M
$98.6M
Principal payments on financing obligation to Energos by third-party charters
$0
$0
($16.6M)
($17.0M)
Cash and cash equivalents
$161.2M
$92.4M
$145.2M
$551.1M
Restricted cash
$339.0M
$97.5M
$244.1M
$270.3M
Cash, cash equivalents and restricted cash – end of period