New Fortress Energy Inc. (NFE)
XMEX 
Summary
NFE Chart
New Fortress Energy secures UK court approval for restructuring plan
New Fortress Energy said on Thursday a UK court approved a restructuring plan for two of its subsidiaries, advancing the U.S. LNG company's efforts to reorganize debt obligations.
New Fortress Energy Inc. (NFE) Discusses Debt for Equity Exchange and Consensual Restructuring Plan Prepared Remarks Transcript
New Fortress Energy Inc. (NFE) Discusses Debt for Equity Exchange and Consensual Restructuring Plan Prepared Remarks Transcript
New Fortress Energy moves to separate Brazilian operations to reduce debt
New Fortress Energy said on Tuesday it will separate its Brazilian operations into a standalone company as part of a broader restructuring deal with creditors aimed at cutting its debt.
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New Fortress Energy Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Wesley Robert Edens CEO | XMEX Exchange | US6443931000 ISIN |
| US Country | 1,295 Employees | 13 Sep 2024 Last Dividend | - Last Split | 31 Jan 2019 IPO Date |
Overview
New Fortress Energy Inc. is a prominent global energy infrastructure company at the forefront of providing integrated gas-to-power solutions and development services. The company operates under two major segments: Terminals and Infrastructure, and Ships, catering to a wide range of energy needs for end-users worldwide. Notably, New Fortress Energy boasts significant operations in various locations, including Jamaica, Puerto Rico, Mexico, and a Miami facility, underscoring its international footprint. Founded in 1998 with its headquarters in New York, New York, the company continues to play a pivotal role in shaping the future of the energy sector through sustainable and efficient energy solutions.
Products and Services
- Terminals and Infrastructure
This segment focuses on the procurement and liquefaction of natural gas, coupled with comprehensive shipping and logistics services. It also includes facilities and conversion or development projects related to natural gas-fired power generation. The essence of this division is to ensure the seamless supply and transformation of natural gas into power, thereby supporting the energy infrastructure from the ground up.
- Ships
Under the Ships segment, New Fortress Energy provides floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers. These services are extended to customers either through long-term arrangements or on a spot basis, depending on the specific needs and demands. FSRUs and LNG carriers are crucial for the storage and transportation of LNG, offering flexible and efficient solutions for managing the global supply of natural gas.
- Operational Facilities
A highlight of New Fortress Energy’s operations includes a diverse range of facilities like the LNG storage and regasification facility at the Port of Montego Bay, and the marine LNG storage and regasification facility in Old Harbour, both in Jamaica. Additionally, the company operates a Dual-fired combined heat and power facility in Clarendon, Jamaica, a landed micro-fuel handling facility in San Juan, Puerto Rico, an LNG receiving facility, and a gas-fired power plant in Baja California Sur, Mexico, alongside a facility in Miami. These operational sites are instrumental in fulfilling the company's commitment to delivering reliable and clean energy solutions across its service territories.
