New Fortress Energy falls on wider Q2 loss

Shares of U.S.-based LNG company New Fortress Energy NFE.O fall 15.5% to $2.07 premarket

Co late on Friday reported wider Q2 loss as lower contributions due to asset sales weighed on its performance

NFE posts a net loss of $556.8 million, or $2.02 per share, compared to a loss of $86.9 million, or 44 cents per share, a year earlier

Q2 revenue drops to $301.7 million from $428 million a year earlier

Co has initiated a process to evaluate its strategic alternatives to improve its capital structure

It will consider all options, including asset sales, capital raising, debt amendments and refinancing to provide additional liquidity and relief from acceleration under debt agreements

As of last close, NFE shares down 83.8% YTD