NASDAQ$NFE

New Fortress Energy Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2022.

New Fortress Energy reported a net income of $241.2 million and an Adjusted EBITDA of $257.7 million for Q1 2022.

  • Reported Q1 2022 net cash flow from operations of $114 million, net income of approximately $241 million and EPS of $1.13 per share on a fully diluted basis
  • Reported Q1 2022 Adjusted EBITDA of approximately $258 million
  • Reiterated on-track to achieve illustrative full-year 2022 and 2023 Adjusted EBITDA targets of $1.0+ billion and $1.5+ billion, respectively
  • NFE’s Board of Directors approved a dividend of $0.10 per share, with a record date of June 14, 2022 and a payment date of June 28, 2022

Headline financials

Total Revenue

$505M

Previous: $146M+246.7%
EPS (adj)

$1.13

Previous: -$0.21+638.1%
Capital Expenditures

-$189M

Previous: -$80.8M-134.2%
Free Cash Flow

$49M

Previous: -$119M+141.3%
Net Income

$238M

Previous: -$37.9M+728.6%
Operating Income

$166M

Previous: -$22.3M+846.1%
Gross Profit

$297M

Previous: $49M+505.6%
Cash & Equivalents

$156M

Previous: $360M-56.6%
Total Assets

$7.37B

Previous: $1.83B+302.0%
Stock-Based Comp

$880K

Previous: $1.77M-50.3%

Revenue & EPS history

New Fortress Energy · Revenue · Quarterly

$505M

Q1 2022+246.7%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

New Fortress Energy · $250M total across 2 segments · Q3 2023

  • Terminals & Infra
    $195M-22.6%
  • Ships
    $54.9M-37.5%

Forward guidance

The company expects to reach FID and break ground on U.S. Gulf Coast green hydrogen project in Q2 2022.

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 2022

Historical avgQ1 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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