New Fortress extends forbearance agreement; shares rise

Shares of U.S. LNG firm New Fortress Energy NFE.O rise ~5% to $1.22

NFE extends its forbearance agreement with representatives of the holders of its new senior secured notes due 2029

The agreement, which was previously set to expire on December 15, 2025, has now been extended to January 9, 2026

NFE has been grappling with a severe liquidity crunch, as mounting debt and missed interest payments overshadowed the progress on its new projects

Shares were also helped by a rise in U.S. natgas futures NGc1, up 2.7% at $3.99 per million British thermal unit

Including session's move, stock down 91.8% YTD