NASDAQ$NFE

New Fortress Energy Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

New Fortress Energy reported record quarterly revenue and advancements in key projects.

New Fortress Energy Inc. announced its second quarter 2021 results, reporting record quarterly revenue of $223.8 million and a net loss of $1.7 million. The company saw significant commercial progress in Brazil and secured LNG supply for its terminals through 2027. Development projects are advancing, and the company reaffirmed a dividend of $0.10 per share.

  • Signed eight new sales agreements in Brazil for 5.8mm Committed GPD.
  • Secured LNG supply for terminals across the Caribbean, Mexico, and Central America through 2027.
  • Began commercial operations at the Port of Pichilingue in Baja California Sur, Mexico.
  • Development projects in Barcarena, Suape, and Santa Catarina are advancing on schedule.

Headline financials

Total Revenue

$224M

Previous: $94.6M+136.7%
EPS (adj)

-$0.03

Previous: -$0.24+87.5%
Capital Expenditures

-$235M

Previous: -$95.4M-146.6%
Free Cash Flow

-$241M

Previous: -$233M-3.7%
Net Income

-$6.04M

Previous: -$137M+95.6%
Operating Income

-$12.2M

Previous: -$148M+91.7%
Gross Profit

$122M

Previous: $24.7M+396.2%
Cash & Equivalents

$143M

Previous: $167M-14.5%
Total Assets

$6.39B

Previous: $1.42B+349.7%
Stock-Based Comp

$1.61M

Previous: $1.92M-16.1%

Revenue & EPS history

New Fortress Energy · Revenue · Quarterly

$224M

Q2 2021+136.7%vs Q2 2020
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

New Fortress Energy · $130M total across 2 segments · Q2 2021

  • Ships
    $75.6M
  • Terminals & Infra
    $54.5M

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 Q2 2021

Historical avgQ2 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

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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