NASDAQ$NFE
New Fortress Energy Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2022.
New Fortress Energy reported Q3 2022 Adjusted EBITDA of $291 million and net income of $56 million. Adjusted EPS for the period was $0.41 per share.
- Reported Q3 2022 Adjusted EBITDA of $291 million.
- Adjusted EPS for the period was $0.41 per share on a fully diluted basis.
- On track to achieve Illustrative Adjusted EBITDA Goal of ~$1.1 billion for 2022.
- Construction of Fast LNG units is progressing rapidly with the first FLNG unit expected to achieve Mechanical Completion in March 2023 and commence Operations by mid-2023.
Headline financials
Revenue & EPS history
New Fortress Energy · Revenue · Quarterly
$732M
Revenue by segment
New Fortress Energy · $339M total across 2 segments · Q3 2022
- Terminals & Infra$251M+117.5%74.1%
- Ships$87.9M-7.4%25.9%
Forward guidance
The company is focused on achieving its Illustrative Adjusted EBITDA Goals, driven primarily by the expected Deployment of FLNG 1 in the first half of 2023, as well as higher expected operating margins and continued LNG portfolio optimization.
Tailwinds
- Expected Deployment of FLNG 1 in the first half of 2023.
- Higher expected operating margins.
- Continued LNG portfolio optimization.
- Fast LNG units represent more than half of the world’s expected incremental LNG supply in 2023-2024.
- Expect five Fast LNG units under Development to add approximately 7+ mtpa of new liquefaction capacity by the end of 2024.
Headwinds
- Risks associated with the development of new technologies such as the Fast LNG technology.
- Risks related to the development, construction, completion or commissioning schedule for the facilities.
- Risks related to the operation and maintenance of facilities and assets.
- Failure of third-party contractors, equipment manufacturers, suppliers and operators to perform their obligations.
- Cyclical changes in the demand and price of LNG and natural gas.
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 Q3 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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