New Fortress Energy Inc. income statement
In fiscal 2025, New Fortress Energy Inc. reported revenue of $1.50bn, down 36.2% on the year before, operating income of −$1.12bn (a -74.5% margin) and net income of −$1.84bn, or −$6.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 97 | 112 | 189 | 452 | 1,323 | 2,368 | 2,391 | 2,359 | 1,504 | 1,267 |
| Cost of revenue | 79 | 96 | 183 | 279 | 616 | 1,010 | 879 | 1,065 | 919 | 817 |
| Gross profit | 19 | 17 | 6 | 173 | 707 | 1,358 | 1,511 | 1,294 | 585 | 450 |
| Selling, general and administrative | 33 | 62 | 153 | 120 | 200 | 236 | 203 | 293 | 307 | 332 |
| Operating income | −25 | −58 | −187 | −155 | 239 | 737 | 936 | 528 | −1,120 | −1,094 |
| Interest expense | 6 | 11 | 19 | 66 | 154 | 237 | 278 | 316 | 778 | 805 |
| Income before tax | −31 | −79 | −204 | −259 | 105 | 61 | 651 | −174 | −1,771 | −1,835 |
| Income tax | 1 | −0 | 0 | 5 | 12 | −123 | 103 | 70 | 61 | 48 |
| 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 |
| Diluted shares (average) | — | — | 209m | 213m | 202m | 210m | 206m | 219m | 278m | 284m |
| EBITDA | −22 | −54 | −179 | −122 | 338 | 881 | 1,097 | 688 | −878 | −890 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 569 | 677 | 472 | 304 | 332 | 396 | 227 | 313 |
| Cost of revenue | 325 | 289 | 302 | 208 | 197 | 210 | 200 | 210 |
| Gross profit | 243 | 388 | 170 | 96 | 135 | 185 | 27 | 102 |
| Selling, general and administrative | 81 | 70 | 52 | 57 | 86 | 113 | 47 | 85 |
| Operating income | 80 | 228 | −13 | −388 | −90 | −630 | −225 | −149 |
| Interest expense | 72 | 97 | 200 | 186 | 198 | 193 | 187 | 227 |
| Income before tax | 13 | −185 | −149 | −536 | −258 | −828 | −369 | −381 |
| Income tax | 3 | 40 | 26 | 10 | 5 | 19 | 32 | −8 |
| Net income | 9 | −247 | −178 | −545 | −270 | −852 | −400 | −371 |
| Diluted EPS | $0.03 | −$1.10 | −$0.65 | −$1.99 | −$0.96 | −$3.04 | −$1.40 | −$1.30 |
| EBITDA | 114 | 266 | 54 | −336 | −41 | −573 | −174 | −103 |
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