New Fortress Energy Inc. (NFE)
New Fortress Energy Inc. brought in $1.3B of revenue over the twelve months to June 30, 2026, down 37.3% from a year earlier. It posted a net loss of $1.9B. In fiscal 2025 capital spending exceeded operating cash flow by $1.2B. At June 30, 2026 it held $161.2M in cash against $8.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
Key facts about New Fortress Energy Inc.
- Net worth
- New Fortress Energy Inc. has a market value (market cap) of $1B at the latest share price, and shareholders' equity of -$553.7M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.5B (-36.2% year on year), with a net loss of $1.8B. Over the 12 months to June 30, 2026: revenue $1.3B, net loss $1.9B.
- Cash flow
- In fiscal 2025 operations used $583.4M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- New Fortress Energy Inc.'s next report is expected around November 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What New Fortress Energy Inc. does
New Fortress Energy Inc. is registered with the SEC under industry code SIC 4924 (Natural Gas Distribution). Its shares trade on NASDAQ under the ticker NFE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.5B | -$1.8B | -$6.63 | -$1.2B |
| 2024 | $2.4B | -$272.3M | -$1.26 | -$1.5B |
| 2023 | $2.4B | $547.9M | $2.65 | -$2.1B |
| 2022 | $2.4B | $194.5M | $0.93 | -$818.9M |
| 2021 | $1.3B | $97.1M | $0.47 | -$584.6M |
| 2020 | $451.7M | -$182.1M | -$1.71 | -$282.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NFE ranks in Utilities
Dividends
It paid out $3.5M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $3.5M | n/a |
| 2024 | n/a | $65.3M | n/a |
| 2023 | n/a | $724M | 132% |
| 2022 | n/a | $99.1M | 51% |
| 2021 | n/a | $88.8M | 91% |
| 2020 | n/a | $33.7M | n/a |
Latest SEC filings
What New Fortress Energy Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 6, 2026Passive stake (5% or more) SCHEDULE 13G
- October 5, 2026Other event 8-K
- September 18, 2026Activist stake (5% or more) SCHEDULE 13D
- September 15, 2026Activist stake changed SCHEDULE 13D/A
- September 15, 2026Activist stake changed SCHEDULE 13D/A
- September 15, 2026Exhibits 8-K/A
- September 11, 2026
- September 10, 2026
- August 21, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 2.8% to $312.5M versus the same quarter last year; diluted EPS -$1.30 versus -$1.99.
Insider trades
What the people running New Fortress Energy Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought shares on the open market in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 11, 2026 | Edens Wesley RChief Executive Officer, Director, 10% owner | Received as payindirect | 208,588 | - |
| September 11, 2026 | Edens Wesley RChief Executive Officer, Director, 10% owner | Boughtindirect | 28,313 | - |
| February 3, 2026 | Lowe Michael ThomasChief Accounting Officer | Exercised options | 8,089 | - |
| February 3, 2026 | Lowe Michael ThomasChief Accounting Officer | Shares withheld for tax | 4,916 | $6.4K |
| February 3, 2026 | Guinta Christopher S.Chief Financial Officer | Exercised options | 162,300 | - |
| February 3, 2026 | Guinta Christopher S.Chief Financial Officer | Shares withheld for tax | 35,711 | $46.8K |
Who owns NFE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wesley R. Edens13D, may seek influence | 18.8% | April 2, 2026 |
| Strategic Value Partners, LLC13D, may seek influence with 5 related filers | 14.7% | September 18, 2026 |
| Energy Transition Holdings LLC13G, passive with 3 related filers | 9% | February 17, 2026 |
| FINCO I Intermediate Holdco LLC13G, passive with 4 related filers | 5.3% | November 14, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 149 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Great Mountain Partners LLC | 25,559,846 | 0 |
| Fortress Investment Group LLC | 13,399,317 | 0 |
| Vanguard Capital Management LLC | 7,257,110 | +74,608 |
| Charles Schwab Investment Management Inc | 5,809,798 | -101,484 |
| Goldman Sachs Group Inc | 4,193,428 | +883,717 |
| Aqr Capital Management LLC | 3,912,973 | +1,533,316 |
| UBS Group AG | 3,753,894 | -1,863,423 |
| Capital World Investors | 3,465,765 | 0 |
| BlackRock, Inc. | 3,308,375 | -9,572,600 |
| Vanguard Portfolio Management LLC | 2,448,376 | -1,106,883 |
| Millennium Management LLC | 2,425,473 | -1,288,213 |
| Barclays PLC | 2,282,403 | -1,262,210 |
| Marshall Wace, Llp | 2,110,038 | -681,953 |
| Garnet Equity Capital Holdings, Inc. | 1,945,617 | 0 |
| Deltroit Asset Management (UK) LLP | 1,800,000 | 0 |
| Lazard Asset Management LLC | 1,603,522 | -10,507 |
| Geode Capital Management, LLC | 1,569,489 | -2,216,993 |
| Invesco Ltd. | 1,394,422 | -134,362 |
| Pingora Partners LLC | 1,147,868 | +52,500 |
| Fmr LLC | 886,761 | -7,009 |
Insiders
3 insiders reported holding 1,307,065 shares in total, about $4.8M at the last price.
| Holder | Shares |
|---|---|
| Edens Wesley RChief Executive Officer, Director, 10% owner | 957,337957,337 held indirectly |
| Guinta Christopher S.Chief Financial Officer | 333,242 |
| Lowe Michael ThomasChief Accounting Officer | 16,486 |
Questions about NFE
What does New Fortress Energy Inc. do?
New Fortress Energy Inc. is a company in the Utilities sector, listed on NASDAQ as NFE. Its shares trade on NASDAQ under the ticker NFE.
What is New Fortress Energy Inc.'s net worth?
New Fortress Energy Inc. has a market value (market cap) of $1B at the latest share price, and shareholders' equity of -$553.7M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is New Fortress Energy Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $1.9B on revenue of $1.3B.
How much revenue does New Fortress Energy Inc. make?
Over the twelve months to June 30, 2026 New Fortress Energy Inc. reported revenue of $1.3B. That is 37.3% less than a year earlier.
When did New Fortress Energy Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the passive stake (5% or more) from October 6, 2026.
When is New Fortress Energy Inc.'s next earnings report?
New Fortress Energy Inc.'s next report is expected around November 20, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values New Fortress Energy Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.