New Fortress Energy Inc. (NFE) Financial Statements
Industry: Natural Gas Distribution
In fiscal 2025, New Fortress Energy reported revenue of $1.50B, down 36.4% from $2.36B the year before. Net income was -$1.84B (a -122.6% net margin), or -$331.50 per diluted share. Gross margin was 38.9% and operating margin was -74.5%. Operating activities generated -$583.4M of cash, leaving -$1.23B of free cash flow. At fiscal year end, New Fortress Energy held $10.56B in total assets against $10.25B in total liabilities, including $226.5M of cash and equivalents.
Open the full interactive New Fortress Energy financials → Quarterly statements, key ratios, valuation history and price charts.
New Fortress Energy Key Stats
| Share Price | $4.31 |
|---|---|
| Market Cap | $24.6M |
| Dividend Yield | 1.86% |
| Revenue YoY Growth | -36.4% |
| 52-Week Range | $0.26 – $17.70 |
| Shares Outstanding | 5.7 million (basic, 2026 Q2) |
New Fortress Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $451.6M | $1.32B | $2.37B | $2.41B | $2.36B | $1.50B |
| Cost of Goods Sold | $278.8M | $616.0M | $1.01B | $877.5M | $1.06B | $918.6M |
| Gross Profit | $172.9M | $706.8M | $1.36B | $1.54B | $1.30B | $585.4M |
| Operating Income | -$155.4M | $238.9M | $737.4M | $942.7M | $538.6M | -$1.12B |
| Pre-Tax Income | -$259.1M | $105.2M | $61.3M | $664.4M | -$172.9M | -$1.77B |
| Income Tax | $4.8M | $12.5M | -$123.4M | $115.5M | $69.5M | $61.4M |
| Net Income | -$182.1M | $97.1M | $194.5M | $547.9M | -$249.0M | -$1.84B |
| Diluted EPS | -$85.50 | $23.50 | $46.50 | $132.50 | -$62.50 | -$331.50 |
New Fortress Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $327.4M | $404.4M | $227.0M | $312.5M |
| Net Income | -$299.7M | -$789.7M | -$399.9M | -$371.4M |
| Diluted EPS | -$53.50 | -$2.84 | -$70.00 | -$65.00 |
New Fortress Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $601.5M | $187.5M | $675.5M | $155.4M | $492.9M | $226.5M |
| Current Assets | $762.0M | $584.9M | $1.39B | $980.0M | $1.61B | $1.33B |
| Total Assets | $1.91B | $6.88B | $7.71B | $10.50B | $12.87B | $10.56B |
| Current Liabilities | $191.2M | $562.5M | $1.41B | $1.71B | $1.71B | $8.65B |
| Total Long-Term Debt | $1.24B | $3.86B | $4.54B | $6.80B | $8.89B | $8.18B |
| Total Liabilities | $1.53B | $4.88B | $6.26B | $8.72B | $10.78B | $10.25B |
| Shareholders' Equity | $367.0M | $1.79B | $1.29B | $1.64B | $1.88B | $182.6M |
New Fortress Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$125.6M | $84.8M | $355.1M | $824.8M | $586.7M | -$583.4M |
| Cash From Investing | -$157.6M | -$2.27B | -$82.7M | -$2.90B | -$2.07B | $465.8M |
| Cash From Financing | $819.5M | $1.82B | $322.0M | $1.53B | $2.22B | -$543.6M |
| Free Cash Flow | -$282.6M | -$584.6M | -$818.9M | -$2.21B | -$2.03B | -$1.23B |
| Dividends Paid | $33.7M | $88.8M | $99.0M | $724.0M | $65.3M | $3.5M |
Figures from New Fortress Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full New Fortress Energy financials page for every line item.
New Fortress Energy Company Profile
| Ticker | NFE |
|---|---|
| Exchange | Nasdaq |
| Industry | Natural Gas Distribution |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001749723 |
Frequently Asked Questions
What was New Fortress Energy's revenue in fiscal 2025?
New Fortress Energy (NFE) reported revenue of $1.50B for fiscal 2025.
What is New Fortress Energy's annual revenue history?
New Fortress Energy's annual revenue by fiscal year: 2020: $451.6M; 2021: $1.32B; 2022: $2.37B; 2023: $2.41B; 2024: $2.36B; 2025: $1.50B.
What was New Fortress Energy's net income in fiscal 2025?
New Fortress Energy reported net income of -$1.84B for fiscal 2025.
What was New Fortress Energy's earnings per share (EPS) in fiscal 2025?
New Fortress Energy's diluted EPS was -$331.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did New Fortress Energy generate in fiscal 2025?
New Fortress Energy generated -$1.23B of free cash flow in fiscal 2025.
What was New Fortress Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), New Fortress Energy reported revenue of $312.5M.
How much debt does New Fortress Energy have?
New Fortress Energy reported $8.18B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of New Fortress Energy are outstanding?
New Fortress Energy reported a weighted average of 5.7 million basic shares outstanding in 2026 Q2.
What is New Fortress Energy's market cap?
Based on its latest closing price, New Fortress Energy (NFE) has a market capitalization of about $24.6M.
When does New Fortress Energy's fiscal year end?
New Fortress Energy's fiscal year end, as registered with the SEC, is December 31.
Where is New Fortress Energy headquartered?
New Fortress Energy lists its business address in New York, New York in its SEC filings.