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New Fortress Energy Announces Fourth Quarter and Full Year 2024 Results

1. NFE reported a net loss of $224 million in Q4 2024. 2. Adjusted EBITDA stood at $313 million for Q4 2024, indicating operational strength.

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$9.0403/03 04:35 PM EDTEvent Start
$9.7503/04 10:54 PM EDTLatest Updated
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FAQ

Why Bearish?

The significant net loss reflects financial distress, similar to previous periods when debt pressures influenced NFE's market performance.

How important is it?

The financial losses reported are critical for investors assessing NFE's viability and operational health, making this news significant.

Why Short Term?

Immediate market reactions are often driven by quarterly earnings; hence, this will likely impact NFE's stock in the short term.

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CVEETKMI
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the fourth quarter and for the year ended December 31, 2024. Summary Highlights Adjusted EBITDA(1) of $313 million in the fourth quarter of 2024 and $950 million in the full year 2024 Net loss of $224 million in the fourth quarter of 2024 and $242 million in the full year 2024, driven primarily by costs incurred with refinancing our debt including a Q4 loss on exti.

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