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New Fortress Energy falls on quarterly loss

ReutersNov 21, 2025 12:29 PM

Shares of U.S. LNG company New Fortress Energy NFE.O down ~20% at $1.1 premarket

Company posts Q3 net loss of $293.4 million compared to a profit of $11.3 million a year earlier

Q3 interest expenses triples to $210.6 million from $71.1 million a year earlier

NFE says in filing that its accounts were prepared on a "going concern" basis, but management warned there was "substantial doubt" the company can continue operating without new financing or a broader restructuring

Up to last close, shares down 90.3% YTD

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