NASDAQ$NFE
New Fortress Energy Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
New Fortress Energy reported a net loss for Q1 2021, with revenue remaining stable and the formation of a joint venture focused on renewable and clean fuels.
New Fortress Energy reported first quarter 2021 financial results, which included revenue stability compared to the previous quarter but a significant net loss increase primarily due to higher LNG costs and acquisition-related expenses. The company highlighted the formation of a joint venture, Zero Parks, focused on renewable and low-carbon fuels, and declared a dividend of $0.10 per share.
- Closed acquisitions of Hygo Energy Transition Ltd. and Golar LNG Partners LP for $5.1 billion enterprise value.
- Development projects are advancing on budget and schedule, with Mexico and Nicaragua terminals expected to be operational in Q2 2021.
- Launched Zero Parks, a joint venture with Fortress Transportation and Infrastructure focused on renewable and low-carbon fuels.
- Completed a private offering of $1.5 billion of senior secured notes due 2026 and closed a $200 million senior secured Revolving Credit Facility.
Headline financials
Revenue & EPS history
New Fortress Energy · Revenue · Quarterly
$146M
Revenue by segment
New Fortress Energy · $250M total across 2 segments · Q3 2023
- Terminals & Infra$195M-22.6%78.0%
- Ships$54.9M-37.5%22.0%
Forward guidance
The company is focused on expanding its infrastructure and logistics to deliver integrated energy solutions and transitioning to clean energy.
Tailwinds
- Advancing development projects on budget and schedule.
- Expecting Mexico and Nicaragua terminals to be operational in Q2 2021.
- Making progress on Fast LNG asset for stable supply at rates below market prices.
- Actively engaging with gas suppliers for long-term, fixed-price feedstock.
- Zero Parks aims to reach FID on its first two projects in 90-120 days.
Headwinds
- Limited operating history
- Inability to refinance outstanding indebtedness
- Cyclical changes in demand for and price of LNG and natural gas
- Competition from third parties
- Failure to obtain and maintain approvals and permits from governmental and regulatory agencies
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-0.5%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-0.3%
Avg return
30 days after
52%
15 / 29 earnings
Positive
+25.3%
Q4 2020
Best reaction
-63.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | -8.4% | -27.9% | |
| Q4 2025 | +1.9% | -9.0% | -15.6% | |
| Q3 2025 | -4.3% | -17.1% | +12.1% | |
| Q1 2025 | -63.3% | -54.9% | -59.6% | |
| Q4 2024 | -9.6% | -1.3% | -14.3% | |
| Q3 2024 | -5.7% | -2.1% | +29.4% | |
| Q2 2024 | -17.1% | -18.0% | -35.0% | |
| Q1 2024 | +5.2% | +3.7% | -10.9% | |
| Q4 2023 | +8.7% | +5.7% | -3.4% | |
| Q3 2023 | +21.9% | +22.7% | +37.0% | |
| Q2 2023 | +5.4% | +2.5% | +10.9% | |
| Q1 2023 | +11.0% | +9.2% | +5.0% | |
| Q4 2022 | -13.9% | -6.7% | -26.7% | |
| Q3 2022 | -15.9% | -13.8% | -22.6% | |
| Q2 2022 | -1.7% | +5.4% | +11.1% | |
| Q1 2022 | +8.4% | -2.9% | +17.4% | |
| Q4 2021 | +24.7% | +34.1% | +52.9% | |
| Q3 2021 | -4.3% | -5.5% | -21.6% | |
| Q2 2021 | +1.3% | -0.9% | -1.5% | |
| Q1 2021 | -3.2% | -8.5% | -2.5% | |
| Q4 2020 | +25.3% | +20.4% | +9.3% | |
| Q3 2020 | -18.9% | -18.3% | +3.3% | |
| Q2 2020 | +8.1% | +15.0% | +33.5% | |
| Q1 2020 | +4.7% | +8.5% | +11.8% | |
| Q4 2019 | +7.3% | +6.5% | -37.7% | |
| Q3 2019 | -4.1% | -6.8% | -2.3% | |
| Q2 2019 | +14.4% | +27.7% | +29.0% | |
| Q1 2019 | -0.1% | +14.8% | -10.2% | |
| Q4 2018 | -3.5% | +18.6% | +22.0% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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