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New Fortress Energy Inc. (NFE) stock

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NASDAQ: NFE Nasdaq Oil & Gas Storage & Transportation Next results ~November 9, 2026

E Fundamentals grade

New Fortress Energy Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for New Fortress Energy Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

New Fortress Energy Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds63 adding, 117 cuttingOf 25 active managers that changed their stake, 8 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter New Fortress Energy files

Where New Fortress Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.27bn, down 37.3% on a year earlier, a smaller fall than the 41.3% decline a quarter earlier. That puts it 18 of 18 for growth among the oil & gas storage & transportation companies we cover. Free-cash-flow margin rose to -59.8% from -70.0% a year earlier. Operating margin narrowed to -86.3% from -4.6%. The diluted share count is up 12.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 5 financial-health checks.

Our model value for New Fortress Energy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

New Fortress Energy Inc.'s trailing-twelve-month revenue fell 37.3% year on year, with a free-cash-flow margin of -59.8%. Where it stands out: long-term debt as % of assets of 19.9% ranks 3 of 26 oil & gas storage & transportation companies we cover. Where it lags: revenue growth of -37.3% ranks 29 of 29 oil & gas storage & transportation companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 46.4% while net income fell 97.2%: a 144pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in New Fortress Energy Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 37.3% over the last 12 months.
  • Loss-making. Operating margin is -86.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 81.7 points on a year ago.
  • Burning cash. Free cash flow was -59.8% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 12.5% in a year.
  • High debt. Long-term debt exceeds cash by $2.0bn, more than 1.5 times annual revenue.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$32.61 against an average estimate of -$54.00: beat by 39.6%
Revenue
$313m, up 2.8% on a year earlier
Next report
November 9, 2026

New Fortress Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-11.0%
  • 1 week+31.9%
  • 1 month-33.3%
  • This year-92.3%
  • 1 year-93.2%
  • 5 years-99.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
-86.3%
Net margin
-149.4%
EPS (TTM, diluted)
$-6.66

Growth

Revenue growth
−37.3%
Change in growth rate
+4.0 pts
Share count change
+12.5%

Cash

Free cash flow (TTM)
-$758M
FCF margin
-59.8%
Stock pay % of revenue
1.6%

Earnings

Last results
September 8, 2025

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Leadership
  4. Leadership
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

New Fortress Energy Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value New Fortress Energy Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11%: the 10-year Treasury yield (4.9%) plus a beta of 1.34 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.4 ~$3.8–$19 Left out: out of range vs price (0.08x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare New Fortress Energy Inc. with Oil & Gas Storage & Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$141.37$666.11$572.59$1666.32$1870.65$756.00$57.00$4.38
Market value$29.5bn$142.1bn$115.5bn$349.7bn$386.3bn$165.3bn$15.9bn$1.2bn
+ Net debt (− = net cash)$592m$638m$3.7bn$3.9bn$6.8bn$8.6bn$8.1bn$8.7bn
Enterprise value$30.1bn$142.7bn$119.2bn$353.6bn$393.1bn$173.9bn$24.0bn$9.9bn
Multiples
Price / sales 156.0xn/m87.3x147.7x161.6x70.1x10.6x1.0x
Price / earnings ——n/mn/mn/m———
Price / free cash flow ————————
EV / EBITDA ——n/mn/mn/mn/m——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

33 /100

Weak moat

How hard New Fortress Energy's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Cash operating profit has been a median 5.6% of total assets over 7 years.

  • Pricing power 8 / 20

    Gross margin has been a median 46.2%, moving by 20.3 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -2.7%; its worst year was -104.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 8 years, at a median -69.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 770.7% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$4.19 +97% — —
Next $2.08 +150% — —

Next year's EPS estimate has moved −40.6% in 90 days, across 1 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2025 −$54.00 −$32.61 +39.6%
Sept 2025 −$42.00 −$47.71 −13.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold00%
Sell1100%

Monthly trend

  1. Oct 202611
  2. Sep 202611
  3. Aug 202611

Counts of recommendations published by analysts covering New Fortress Energy Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
1.3
at average volume
Short interest, 1 month
+8%
to September 30, 2026
Held by institutions
36%
of shares
Held by insiders
11.4%
of shares
Employees
699
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −93.2%

$64.50 on October 31, 2025 to $4.38

ThenNowEffect
Revenue (last 12 months) $2.0bn $1.3bn −37.3%
P/S multiple 8.1x 1.0x −87.8%
Share count 253m 284m −11.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −99.7%

$1477.98 on November 3, 2023 to $4.38

ThenNowEffect
Revenue (last 12 months) $2.4bn $1.3bn −47.6%
P/S multiple 127.5x 1.0x −99.2%
Share count 209m 284m −26.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NFE−14%+191%+12%−60%−93%−92%
Industry peers (median)+41%+21%+9%+28%+11%+23%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NFE50%50%58%25%8%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NFE−43%−30%−28%−79%−94%−96%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since January 31, 2019: 100% from September 8, 2022 to October 26, 2026. Getting back needed a 61908% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.32 – $87.00
From 52-week high
−95.0%
vs 50-day average
−48.3%
vs 200-day average
−85.0%
Volatility (1 year)
110%
Beta vs S&P 500
0.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±15.8%
After a week
5 up, 7 down
typical move ±16.7%
After a month
5 up, 7 down
typical move ±29.4%
Results releasedNext dayS&P 500 next day5 days21 days
September 8, 2025 −42.9% +0.5% −43.7% −3.3%
June 18, 2025 0.0% −0.2% +6.7% +87.4%
May 14, 2025 −64.4% +0.6% −63.0% −61.1%
March 3, 2025 −2.5% −2.9% −10.2% −24.2%
January 28, 2025 +4.5% +0.4% −2.7% −29.9%
November 7, 2024 −5.7% +1.2% −4.3% +35.7%
August 9, 2024 −17.1% +0.5% −23.3% −42.7%
May 8, 2024 +5.2% +0.6% +1.6% −10.9%
February 29, 2024 +8.7% +1.3% +6.2% −4.7%
November 8, 2023 +21.9% −0.7% +30.1% +37.0%
August 8, 2023 +5.4% −1.1% −1.3% +10.9%
May 4, 2023 +11.0% +1.1% +7.7% +5.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

New Fortress Energy Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) New Fortress Energy Inc.
$1B $1.5B $2B $2.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.2B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.5B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.4B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.5B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.2B
FY23 Q4 $2.4B
FY24 Q1 $2.5B
FY24 Q2 $2.4B
FY24 Q3 $2.4B
FY24 Q4 $2.4B
FY25 Q1 $2.1B
FY25 Q2 $2B
FY25 Q3 $1.8B
FY25 Q4 $1.5B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
Revenue growth, TTM YoY New Fortress Energy Inc.
-60% -40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -10.9% Revenue growth, TTM YoY, FY23 Q4: 0.9% Revenue growth, TTM YoY, FY24 Q1: 2.3% Revenue growth, TTM YoY, FY24 Q2: -2.3% Revenue growth, TTM YoY, FY24 Q3: 9.8% Revenue growth, TTM YoY, FY24 Q4: -1.3% Revenue growth, TTM YoY, FY25 Q1: -14.1% Revenue growth, TTM YoY, FY25 Q2: -14.4% Revenue growth, TTM YoY, FY25 Q3: -26.1% Revenue growth, TTM YoY, FY25 Q4: -36.2% Revenue growth, TTM YoY, FY26 Q1: -41.3% Revenue growth, TTM YoY, FY26 Q2: -37.3% -37.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -10.9%
FY23 Q4 0.9%
FY24 Q1 2.3%
FY24 Q2 -2.3%
FY24 Q3 9.8%
FY24 Q4 -1.3%
FY25 Q1 -14.1%
FY25 Q2 -14.4%
FY25 Q3 -26.1%
FY25 Q4 -36.2%
FY26 Q1 -41.3%
FY26 Q2 -37.3%
Operating margin (TTM) New Fortress Energy Inc.
-150% -100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 39.0% Operating margin (TTM), FY23 Q4: 39.1% Operating margin (TTM), FY24 Q1: 34.2% Operating margin (TTM), FY24 Q2: 29.6% Operating margin (TTM), FY24 Q3: 26.0% Operating margin (TTM), FY24 Q4: 22.4% Operating margin (TTM), FY25 Q1: 15.4% Operating margin (TTM), FY25 Q2: -4.6% Operating margin (TTM), FY25 Q3: -14.7% Operating margin (TTM), FY25 Q4: -74.5% Operating margin (TTM), FY26 Q1: -105.9% Operating margin (TTM), FY26 Q2: -86.3% -86.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 39.0%
FY23 Q4 39.1%
FY24 Q1 34.2%
FY24 Q2 29.6%
FY24 Q3 26.0%
FY24 Q4 22.4%
FY25 Q1 15.4%
FY25 Q2 -4.6%
FY25 Q3 -14.7%
FY25 Q4 -74.5%
FY26 Q1 -105.9%
FY26 Q2 -86.3%
FCF margin (TTM) New Fortress Energy Inc.
-100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -80.7% FCF margin (TTM), FY23 Q4: -87.9% FCF margin (TTM), FY24 Q1: -87.9% FCF margin (TTM), FY24 Q2: -88.5% FCF margin (TTM), FY24 Q3: -73.0% FCF margin (TTM), FY24 Q4: -64.8% FCF margin (TTM), FY25 Q1: -62.1% FCF margin (TTM), FY25 Q2: -70.0% FCF margin (TTM), FY25 Q3: -73.3% FCF margin (TTM), FY25 Q4: -82.1% FCF margin (TTM), FY26 Q1: -90.1% FCF margin (TTM), FY26 Q2: -59.8% -59.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -80.7%
FY23 Q4 -87.9%
FY24 Q1 -87.9%
FY24 Q2 -88.5%
FY24 Q3 -73.0%
FY24 Q4 -64.8%
FY25 Q1 -62.1%
FY25 Q2 -70.0%
FY25 Q3 -73.3%
FY25 Q4 -82.1%
FY26 Q1 -90.1%
FY26 Q2 -59.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 97 112 189 452 1,323 2,368 2,391 2,359 1,504 1,267
Gross profit 19 17 6 173 707 1,358 1,511 1,294 585 450
EBITDA −22 −54 −179 −122 338 881 1,097 688 −878 −890
Operating income −25 −58 −187 −155 239 737 936 528 −1,120 −1,094
Net income −32 −78 −34 −182 97 194 548 −272 −1,845 −1,893
Diluted EPS — — −$0.16 −$0.85 $0.47 $0.93 $2.65 −$1.26 −$6.63 −$6.66
Growth (year on year)
Revenue — +15.5% +68.4% +138.8% +192.9% +79.0% +0.9% −1.3% −36.2% −37.3%
EBITDA — — — — — +160.3% +24.5% −37.3% −227.7% <−999%
Operating income — — — — — +208.7% +26.9% −43.5% −312.0% —
Net income — — — — — +100.3% +181.7% −149.7% — —
Diluted EPS — — — — — +97.9% +184.9% −147.5% — —
Margins
Gross margin 19.1% 14.7% 3.0% 38.3% 53.4% 57.3% 63.2% 54.8% 38.9% 35.5%
EBITDA margin −22.4% −48.5% −94.5% −27.0% 25.6% 37.2% 45.9% 29.2% −58.4% −70.3%
Operating margin −25.7% −52.1% −99.0% −34.4% 18.1% 31.1% 39.1% 22.4% −74.5% −86.3%
Net margin −32.6% −69.5% −17.9% −40.3% 7.3% 8.2% 22.9% −11.5% −122.7% −149.4%
Free-cash-flow margin −86.0% −244.3% −323.2% −62.6% −44.2% −34.6% −87.9% −64.8% −82.1% −59.8%
Cash flow
Cash from operations −55 −93 −234 −126 85 355 819 602 −583 −525
Capital spending 29 181 377 157 669 1,174 2,920 2,131 651 233
Free cash flow −84 −274 −611 −283 −585 −819 −2,101 −1,528 −1,234 −758
Stock-based pay 0 0 41 9 37 30 2 51 15 20
Free cash flow after stock pay −84 −274 −653 −291 −622 −849 −2,103 −1,579 −1,249 −778
Balance sheet
Cash 118 78 27 602 188 675 155 493 226 161
Total debt 0 — 619 1,240 3,896 4,582 6,985 9,081 8,330 8,858
Net debt (negative = net cash) −118 −78 592 638 3,709 3,907 6,830 8,588 8,103 8,697
Diluted shares — — 209m 213m 202m 210m 206m 219m 278m 284m
Returned to shareholders
Dividends — 0 0 34 89 99 724 65 3 0
Total returned — 0 0 34 89 99 724 65 3 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · June 30, 2026
What it owns · $10.7bn
Short-term assets $1.4bnLonger-term assets $9.3bn
What it owes, and who funded it · $11.2bn
Short-term liabilities $8.7bnLonger-term liabilities $2.5bnShareholders' equity $-554m
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $8.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $2.5bn of longer-dated liabilities.
  • More cash than debt $161m of cash against $8.9bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$525m of operating cash flow against $8.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$1.1bn against $805m of interest.

From New Fortress Energy Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$458,000
Returned to shareholders
-0%
of free cash flow
Diluted share count
+12.5%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
26.2%
of revenue
Days sales outstanding
80 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated NFE AM DTM DKL TRMD EE Median
Revenue, last 12 months $1.3bn $1.3bn $1.3bn $1.2bn $1.3bn $1.5bn $2.0bn
Revenue growth, last 12 months −37.3% 7.3% 13.4% 30.3% −14.1% 49.0% 8.8%
Revenue growth, 3-year average −19.4% 7.3% 13.1% 4.4% — −8.2% 4.0%
Revenue growth, latest quarter 2.8% 10.9% 7.0% 56.2% — 61.0% 10.7%
Gross margin 35.5% — — 17.6% — — 42.6%
Operating margin −86.3% 81.3% 49.4% 15.3% 26.6% 21.8% 27.3%
Operating margin, 3-year average −20.5% 67.2% 49.6% 19.2% — 22.5% 20.8%
Net margin −149.4% 53.4% 35.4% 12.8% 21.3% 3.2% 13.1%
Cash from operations / revenue −41.5% 106.6% 70.4% 28.3% 37.2% 26.7% 29.5%
Free-cash-flow margin −59.8% 95.2% 40.0% 9.9% 14.2% 1.6% 11.8%
Free-cash-flow margin, 3-year average −72.8% 76.8% 39.9% 7.9% — 17.9% 8.8%
Stock pay / revenue 1.6% 3.4% 1.9% 0.3% 2.5% 0.9% 0.5%
Change in share count 12.5% −1.2% 0.7% — 3.9% — 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth -37.3% 8.8% 29 of 29
Change in growth rate Growth +4.0pp +0.5pp 13 of 29
Gross margin Profitability 35.5% 35.5% 8 of 15
Operating margin Profitability -86.3% 28.1% 27 of 27
Net margin Profitability -149.4% 13.1% 29 of 29
Free-cash-flow margin Cash generation -59.8% 13.6% 28 of 28
Stock pay as % of revenue Cash generation 1.6% 0.8% 16 of 20
Long-term debt as % of assets Balance sheet 19.9% 46.2% 3 of 26
Change in share count Balance sheet 12.5% 0.2% 17 of 19
Days sales outstanding Balance sheet 80 days 43 days 16 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
Outside the US $936M 62.2% ▼ 29.0%
United States $568M 37.8% ▼ 45.6%

From New Fortress Energy Inc.'s 10-K filed April 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$37.4M
Institutions reporting
146
Shares held vs prior quarter
▼ 22.6%
Positions opened / closed
25 / 60

Top buyers and sellers, Q2 2026: 63 institutions bought and 117 sold ; the biggest buyer was AQR Capital Management LLC (+1.5M shares) and the biggest seller Blackrock, Inc (−9.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Great Mountain Partners LLC $9.3M 25.6M 24.8% 0.0%
Fortress Investment Group LLC $4.9M 13.4M 13.0% 0.0%
Vanguard Capital Management LLC $2.6M 7.3M 7.0% ▲ 1.0%
Charles Schwab Investment Management Inc $2.1M 5.8M 5.6% ▼ 1.7%
Goldman Sachs Group Inc $1.5M 4.2M 4.1% ▲ 26.7%
AQR Capital Management LLC $1.4M 3.9M 3.8% ▲ 64.4%
UBS Group AG $1.4M 3.8M 3.6% ▼ 33.2%
Capital World Investors $1.3M 3.5M 3.4% 0.0%
Blackrock, Inc. $1.2M 3.3M 3.2% ▼ 74.3%
Vanguard Portfolio Management LLC $888,760 2.4M 2.4% ▼ 31.1%
Millennium Management LLC $880,689 2.4M 2.4% ▼ 34.7%
Barclays PLC $828,740 2.3M 2.2% ▼ 35.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not New Fortress Energy Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
Insider Date Trade Shares Price Value
Edens Wesley R Chief Executive Officer September 11, 2026 Buy 28,313 — $0

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in New Fortress Energy Inc. disclosed in the last 12 months; 2 earlier trades on record.

  • Maria Elvira Salazar(R-FL 27):Sale (full), $15,001 - $50,000, traded May 1, 2024, filed June 10, 2024
  • Maria Elvira Salazar(R-FL 27):Purchase, $15,001 - $50,000, traded October 24, 2023, filed November 8, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 24, 2025 estimated from the company's past filing pattern, not announced

  • September 8, 2025
  • June 18, 2025
  • May 14, 2025
  • March 3, 2025
  • January 28, 2025
  • November 7, 2024

Recent SEC filings

Data status

When each part of this page on New Fortress Energy Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

New Fortress Energy Inc. in brief

What does New Fortress Energy Inc. do?
New Fortress Energy Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is New Fortress Energy Inc.'s stock ticker?
New Fortress Energy Inc. trades under the ticker NFE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is New Fortress Energy Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, New Fortress Energy Inc. reported revenue of $1.3B, 37.3% lower than a year earlier, according to its SEC filings.
What is New Fortress Energy Inc.'s free cash flow?
New Fortress Energy Inc.'s free-cash-flow margin is -59.8% of revenue over the trailing twelve months, ranking 28 of the 28 oil & gas storage & transportation companies we cover.
Who are New Fortress Energy Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Great Mountain Partners LLC, Fortress Investment Group LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is New Fortress Energy Inc.'s market cap?
On November 2, 2026, New Fortress Energy Inc.'s market capitalisation was about $1.2B and net debt of $8.7B. Market figures come from third-party market data and may be delayed.
Does New Fortress Energy Inc. pay a dividend?
Yes: New Fortress Energy Inc. paid $458,000 in dividends over the trailing twelve months, a dividend yield of 0.04%.
Who are New Fortress Energy Inc.'s competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to New Fortress Energy Inc. are Antero Midstream Corp, DT Midstream, Inc., Delek Logistics Partners, LP, Torm plc and Excelerate Energy, Inc. The side-by-side comparison below sets their revenue, margins and growth against New Fortress Energy Inc.'s.
Are insiders buying or selling New Fortress Energy Inc. stock?
Over the last 12 months, New Fortress Energy Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is New Fortress Energy Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — New Fortress Energy Inc. announces its own schedule.