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New Fortress Energy falls on wider Q2 loss

ReutersSep 8, 2025 10:47 AM

** 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

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