New Fortress Energy falls on quarterly loss

ReutersMay 14, 2025 9:14 PM

Shares of U.S.-based LNG company New Fortress Energy NFE.O down 31% to $4.69 in extended trading

Company reports Q1 loss, hurt by weak performance in ships, terminal and infrastructure segments

NFE reports Q1 net loss of $197.4 million, compared with net income of $56.7 million a year ago

Company reports Q1 revenue of $470.5 million, vs estimates of $620.51 million, according to data compiled by LSEG

NFE also closed the sale of its Jamaica assets and operations to Excelerate Energy EE.N for $1.06 billion

Up till last close, stock down 58.4% YTD

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