NASDAQ$NFE
New Fortress Energy Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported financial results for the second quarter of 2022.
New Fortress Energy reported a net loss of $(178.4) million for Q2 2022 but an adjusted EPS of $0.69 per share. The company is on track to achieve an Illustrative Adjusted EBITDA Goal of $1.0+ billion for 2022 and $1.5+ billion for 2023 before accounting for Fast LNG (FLNG) contribution.
- Reported Q2 2022 Adjusted EBITDA of $283 million and $1.05 billion over the trailing twelve months ended June 30, 2022.
- Adjusted EPS for the period was $0.69 per share on a fully diluted basis.
- Increased FLNG deployment opportunities from one Gulf of Mexico location to three.
- Secured over $2.0 billion of internally generated liquidity and upsized LoC facility to $250 million.
Headline financials
Revenue & EPS history
New Fortress Energy · Revenue · Quarterly
$585M
Revenue by segment
New Fortress Energy · $327M total across 2 segments · Q2 2022
- Terminals & Infra$238M+336.5%72.6%
- Ships$89.7M+18.7%27.4%
Forward guidance
The company is on track to achieve Illustrative Adjusted EBITDA Goal of $1.0+ billion for 2022 and $1.5+ billion for 2023 before taking into account the contribution expected from Fast LNG (FLNG) during the year.
Tailwinds
- Increased FLNG deployment opportunities from one Gulf of Mexico location to three (offshore Louisiana, Altamira, and Lakach) representing approximately 8 MTPA of capacity ramping from 1H23 through 2H24.
- Nearing completion of Barcarena and Santa Catarina terminals and began construction on the 605 MW Barcarena power plant in Brazil.
- Signed an LOI to expand existing gas supply contract with CFE and extend term to 10 years in Mexico.
- Made significant progress on permits in Ireland and leased one of FSRUs to a new terminal in the Netherlands expected to start up Q3 2022.
- Fully-funded on committed capital needs for Fast LNG, with additional developments capable of being funded through operating cash flow.
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 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
| 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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