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NFE on Nasdaq

New Fortress Energy

Energy company1

In its 2026 annual report the company says: “We are a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable and clean energy. We own and operate natural gas and liquefied natural gas infrastructure, and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.”68 It is headquartered in New York, United States.1 Its shares trade on Nasdaq under the symbol NFE.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNFE on Nasdaq1
  • Industryenergy industry1
  • HeadquartersNew York, United States1
  • Websitewww.newfortressenergy.com
  • Incorporated inDE4
  • Business address111 W. 19Th Street, 8Th Floor, New York, Ny 100114
  • Filer categoryAccelerated filer4
  • Legal formCorporation3
  • LEI254900EICTYTCHA5X7053
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 70069443

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-95.0%Operating margin6
-155.3%Net margin6
-30.5%Revenue growth, 20256
-1003.0%Return on equity6
6.05×Debt to equity6
-$1.2BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Terminals and Infrastructure brought in 92% of the revenue New Fortress Energy broke down this way in fiscal 2025.

  1. Terminals and Infrastructure$1.4B692%down 32% from 2024
  2. Ships$119.3M68%down 30% from 2024
Business segments by year
Business segments202320242025
Terminals and Infrastructure$2.1B$2.0B$1.4B
Ships$293.6M$170.6M$119.3M

Regions

Outside the United States brought in 62% of the revenue New Fortress Energy broke down this way in fiscal 2025.

  1. Outside the United States$936.2M662%down 29% from 2024
  2. United States$567.8M638%down 46% from 2024
Regions by year
Regions202320242025
Outside the United States$1.4B$1.3B$936.2M
United States$1.1B$1.0B$567.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$918.6M
  • Selling, general and admin24¢$307.4M
  • Income tax5¢$61.4M

Out of $1.2B in revenue.6 The company lost money this year.

Financial statements

Revenue789106$1.2B in 2025+711% since 2019
0$1.0B$2.0B$3.0B2019: $145.5M$145.5M20192020: $318.3M$318.3M2020+119%2021: $930.8M$930.8M2021+192%2022: $2.0B$2.0B2022+113%2023: $2.1B$2.1B2023+4%2024: $1.7B$1.7B2024−18%2025: $1.2B$1.2B2025−31%
Operating income789106-$1.1B in 2025+498% since 2019
-$2.0B-$1.0B0$1.0B2019: -$187.3M-$187.3M20192020: -$155.4M-$155.4M2020−17%2021: $238.9M$238.9M20212022: $737.4M$737.4M2022+209%2023: $935.7M$935.7M2023+27%2024: $528.5M$528.5M2024−44%2025: -$1.1B-$1.1B2025
Net income7896-$1.8B in 2025+5319% since 2019
-$2.0B-$1.0B0$1.0B2019: -$33.8M-$33.8M20192020: -$182.1M-$182.1M2020+439%2021: $97.1M$97.1M20212022: $194.5M$194.5M2022+100%2023: $547.9M$547.9M2023+182%2024: -$244.5M-$244.5M20242025: -$1.8B-$1.8B2025+649%
Fiscal year2019202020212022202320242025
Revenue$145.5M7$318.3M8$930.8M9$2.0B10$2.1B6$1.7B6$1.2B6
Cost of revenue$183.4M7$278.8M8$616.0M9$1.0B10$879.2M6$1.1B6$918.6M6
Selling, general and admin$152.9M7$120.1M8$199.9M9$236.1M10$203.4M6$293.4M6$307.4M6
Operating expenses$1.1B9$1.6B10$1.5B6$1.8B6$2.6B6
Operating income-$187.3M7-$155.4M8$238.9M9$737.4M10$935.7M6$528.5M6-$1.1B6
Interest$19.4M7$65.7M8$154.3M9$236.9M9$277.8M9
Income before tax$105.2M9$61.3M10$651.2M6-$174.2M6-$1.8B6
Income tax$439.0K7$4.8M8$12.5M9-$123.4M10$103.0M6$70.3M6$61.4M6
Net income-$33.8M7-$182.1M8$97.1M9$194.5M9$547.9M9-$244.5M6-$1.8B6
Earnings per share-$1.627-$1.718$0.499$0.9310$2.666-$1.256-$6.636
Earnings per share (diluted)-$1.627-$1.718$0.479$0.9310$2.656-$1.266-$6.636
Shares (weighted, basic)198.6M shares9209.5M shares10205.9M shares6217.6M shares6278.5M shares6
Shares (weighted, diluted)201.7M shares9209.9M shares10206.5M shares6218.6M shares6278.5M shares6

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Corporate structure

New Fortress Energy sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of New Fortress Energy

  • Lynn Edens Filed SCHEDULE 13D/A on New Fortress Energy, latest Oct 14, 2026
  • Capital World Investors Filed SCHEDULE 13G on New Fortress Energy, latest Oct 7, 2026 (8 filings since Feb 13, 2023)
  • KING STREET CAPITAL MANAGEMENT, L.P. Filed SCHEDULE 13G on New Fortress Energy, latest Oct 7, 2026
  • Strategic Value Partners, LLC Filed SCHEDULE 13D on New Fortress Energy, latest Sep 18, 2026
  • Randal A. Nardone Filed SCHEDULE 13D/A on New Fortress Energy, latest Sep 15, 2026 (2 filings since May 22, 2023)
  • Wesley R. Edens Filed SCHEDULE 13D/A on New Fortress Energy, latest Sep 15, 2026 (4 filings since May 22, 2023)
  • Rubric Capital Management LP Filed SCHEDULE 13G/A on New Fortress Energy, latest May 15, 2026 (3 filings since Feb 13, 2025)
  • BlackRock Filed SCHEDULE 13G/A on New Fortress Energy, latest Apr 27, 2026 (3 filings since Jul 17, 2025)
  • Peter Levinson Filed SCHEDULE 13D on New Fortress Energy, latest Mar 9, 2026
  • Energy Transition Holdings LLC Filed SCHEDULE 13G on New Fortress Energy, latest Feb 17, 2026 (4 filings since Apr 21, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on New Fortress Energy, latest Oct 31, 2025 (3 filings since Apr 30, 2025)
  • WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Filed SCHEDULE 13G/A on New Fortress Energy, latest Aug 1, 2025 (2 filings since Nov 14, 2024)
  • New Fortress Energy New York, New York, United States
    • NFE Nicaragua Development Partners LLC, Sucursal Subsidiary · Nicaragua

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What New Fortress Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$3.6B6 Dec 31, 2025$3.5B6 Dec 31, 2024+1.9%
Accumulated depreciation$408.7M6 Dec 31, 2025$455.0M6 Dec 31, 2024−10.2%
Finance-lease assets$17.0M6 Dec 31, 2025$18.8M6 Dec 31, 2024−9.4%
Operating-lease assets (leased space)$394.8M6 Dec 31, 2025$599.9M6 Dec 31, 2024−34.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$226.5M6 Dec 31, 2025$492.9M6 Dec 31, 2024−54.1%
Stakes in other companies (equity method)$06 Dec 31, 2025$06 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$06 Dec 31, 2025$782.7M6 Dec 31, 2024−100.0%
Intangible assets, net (excluding goodwill)$187.6M6 Dec 31, 2025$179.5M6 Dec 31, 2024+4.5%
Accumulated amortization$24.9M6 Dec 31, 2025$27.7M6 Dec 31, 2024−10.0%
Finite-lived intangibles, net$186.3M6 Dec 31, 2025$178.4M10 Dec 31, 2024+4.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$119.4M6 Dec 31, 2025$103.2M6 Dec 31, 2024+15.7%

Leadership

Who has led New Fortress Energy, and when. Pick a name to see everywhere that person has worked.

President

  1. Andrew Dete2024

Chief financial officer

  1. Christopher S. Guinta2019–now

Chief operating officer

  1. Michael J. Utsler2019
20202025
Board members and other officers (13)

Subsidiaries and ownership

Owners

Subsidiaries (Exhibit 21)

  • NFE Nicaragua Development Partners LLC, Sucursal Nicaragua5

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • New Fortress Energy LLCSep 17, 2018 to Aug 4, 20204
  • NFE Financial Holdings LLCAug 16, 2018 to Nov 7, 20184

Timeline

  1. Oct 5, 20268-K Other events30
  2. Sep 15, 20268-K Financial statements and exhibits31
  3. Sep 11, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale32
  4. Sep 10, 20268-K Executive or director change33
  5. Aug 21, 20268-K Executive or director change34
  6. Jun 25, 20268-K Entered a material agreement; New debt or obligation35
  7. Jun 17, 20268-K Executive or director change; Shareholder vote36
  8. Jun 5, 20268-K Executive or director change37
  9. May 18, 20268-K Other events38
  10. May 12, 20268-K Other events39
  11. May 7, 20268-K Listing notice or transfer40
  12. Apr 14, 20268-K Entered a material agreement; Other events41
  13. Aug 6, 2018Founded New Fortress Energy is founded3

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/202642

When it reported results

  1. Sep 8, 2025Reported quarterly or annual results43
  2. Jun 18, 2025Reported quarterly or annual results44
  3. May 14, 2025Reported quarterly or annual results45
  4. Mar 3, 2025Reported quarterly or annual results46
  5. Jan 28, 2025Reported quarterly or annual results47
  6. Nov 7, 2024Reported quarterly or annual results48
  7. Aug 9, 2024Reported quarterly or annual results49
  8. May 8, 2024Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

236 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 86 major events, 47 insider forms, 42 large holders, 39 other. The latest 20:

  1. Oct 14, 2026SCHEDULE 13D/A EDGAR
  2. Oct 7, 2026SCHEDULE 13G EDGAR
  3. Oct 7, 2026SCHEDULE 13G EDGAR
  4. Oct 6, 2026SCHEDULE 13G EDGAR
  5. Oct 5, 20268-K EDGAR
  6. Oct 1, 20264 EDGAR
  7. Oct 1, 20263 EDGAR
  8. Sep 23, 20263 EDGAR
  9. Sep 22, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 18, 20263 EDGAR
  11. Sep 18, 20263 EDGAR
  12. Sep 18, 20263 EDGAR
  13. Sep 18, 2026SCHEDULE 13D EDGAR
  14. Sep 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Sep 16, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Sep 15, 20264 EDGAR
  17. Sep 15, 2026SCHEDULE 13D/A EDGAR
  18. Sep 15, 20268-K/A EDGAR
  19. Sep 15, 2026SCHEDULE 13D/A EDGAR
  20. Sep 11, 20268-A12B EDGAR

The 236 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 15 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026EDENS WESLEY RChief Executive OfficerBuy28,313Form 4
Mar 13, 2025Guinta Christopher S.Chief Financial OfficerBuy5,000$8.57$42.9KForm 4
Mar 12, 2025EDENS WESLEY RChief Executive OfficerBuy100,000$9.07$907.0KForm 4
Mar 11, 2025EDENS WESLEY RChief Executive OfficerBuy200,000$8.77$1.8MForm 4
Oct 1, 2024EDENS WESLEY RChief Executive OfficerBuy5,793,742$8.63$50.0MForm 4
May 26, 2023Catterall Desmond IainDirectorBuy4,734$26.54$125.6KForm 4
May 24, 2023Jay Timothy W.DirectorBuy2,250$27.87$62.7KForm 4
May 23, 2023Jay Timothy W.DirectorBuy3,750$28.28$106.1KForm 4
Dec 30, 2022Wilkinson MatthewDirectorSale4,000$42.28$169.1KForm 4
Dec 29, 2022Wilkinson MatthewDirectorSale6,800$41.94$285.2KForm 4
Dec 28, 2022Griffin C. WilliamDirectorBuy10,000$41.06$410.6KForm 4
Dec 22, 2022Wanner KatherineDirectorBuy3,370$41.79$140.8KForm 4
Dec 20, 2022Griffin C. WilliamDirectorBuy116$44.20$5.1KForm 4
Dec 19, 2022Great Mountain Partners LLC10% ownerSale6,900,000$45.56$314.4MForm 4
Sep 21, 2022Griffin C. WilliamDirectorBuy103$49.66$5.1KForm 4
Jun 28, 2022Griffin C. WilliamDirectorBuy131$39.12$5.1KForm 4
Apr 19, 2022Great Mountain Partners LLC10% ownerSale300,000$45.28$13.6MForm 4
Apr 7, 2022Thomson Alexander10% ownerSale19,943$41.54$828.4KForm 4
Apr 6, 2022Thomson Alexander10% ownerSale280,057$41.62$11.7MForm 4
Apr 1, 2022Rotolo Jonathan10% ownerSale400,000$44.86$17.9MForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 1, 2024Maria Elvira SalazarRepublican, HouseSale$15,001 - $50,000+138.1%Report
Oct 24, 2023Maria Elvira SalazarRepublican, HouseBuy$15,001 - $50,000−169.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How New Fortress Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNew Fortress Energy Inc.2
  • CIK0001749723
  • Employer ID (EIN)83-148206068
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company68
  • Incorporated inDelaware68
  • Fiscal year endsDecember 312
  • Industry code (SIC)4924 Natural Gas Distribution2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address111 W. 19Th Street, 8Th Floor, New York, NY 100112
  • Phone(516) 268-74002
  • Shares outstanding285,634,650 as of Jul 31, 202612
  • Public float$557.5M as of Jun 30, 202568
  • AuditorErnst & Young LLP, Philadelphia, Pennsylvania PCAOB ID 42; it also attests to the company’s internal control over financial reporting68
  • On EDGAR sinceAug 16, 20182
  • Filings431 in all: 8-K (118), 4 (94), 3 (25), 10-Q (23), SC 13D/A (14), SC 13G (14), SC 13G/A (13), SCHEDULE 13G/A (13)2
    All 47 form types

    10-K (8), CORRESP (8), UPLOAD (8), 424B7 (7), DEF 14A (7), DEFA14A (7), SCHEDULE 13G (7), SC 13D (6), SCHEDULE 13D/A (5), ARS (4), NT 10-Q (4), S-1/A (4), 424B5 (3), DRS/A (3), EFFECT (3), 10-K/A (2), 8-A12B (2), CERT (2), DEFR14A (2), DRSLTR (2), FWP (2), NT 10-K (2), S-3ASR (2), SCHEDULE 13D (2), 15-12B (1), 25-NSE (1), 424B4 (1), 8-A12B/A (1), 8-K/A (1), CT ORDER (1), DRS (1), POS AM (1), PRE 14A (1), S-1 (1), S-3 (1), S-3/A (1), S-3MEF (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Apr 13, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stockNFENasdaq

From the cover page of the 10-K filed Apr 13, 2026 (Section 12(b) of the Exchange Act).68

Risk factors and legal proceedings

The risks New Fortress Energy names in Item 1A of its 10-K filed Apr 13, 2026: 76 risks under these headings, as written.68

  • Risks Related to Our Business
  • We are subject to risks and uncertainties associated with the Restructuring Transaction, the Restructuring Plans and the RSA.
  • Our ability to continue as a going concern is dependent upon our ability to complete the Restructuring Transaction and delay capital expenditures.
  • If the RSA is terminated, our ability to consummate the Restructuring Plans may be materially and adversely affected.
  • Effectiveness of the Restructuring Plans requires the approval of the Restructuring Plan creditors.
  • Effectiveness of the Restructuring Plans requires the sanction of the UK High Court.
  • Certain of the Company’s contracts may contain termination clauses which could be triggered by the Restructuring Plans.
  • The Restructuring Plans may not be recognized or enforced in the United States or Mexico.
  • Ongoing events of default subject to forbearance could result in the acceleration of substantially all of our indebtedness.
  • The separation of the Company into two independent entities as part of the Restructuring Transaction may result in operational, financial, tax and other risks, and there can be no assurance that the anticipated benefits of the separation will be realized.
  • The market price of our Class A common stock may decline in the future as a result of the Restructuring Transaction, including the proposed equity issuances and future grants under the Incentive Plan.
  • Our ability to implement our business strategy may be materially and adversely affected by many known and unknown factors.
The other 65 risks
  • We are subject to various construction risks.
  • Operation of our infrastructure, facilities and vessels involves significant risks.
  • We depend on third-party contractors, operators and suppliers.
  • Failure of LNG to be a competitive source of energy in the markets in which we operate, and seek to operate, could adversely affect our expansion strategy.
  • We operate in a highly regulated environment and our operations could be adversely affected by actions by governmental entities or changes to regulations and legislation.
  • Failure to obtain and maintain permits, approvals and authorizations from governmental and regulatory agencies and third parties on favorable terms could impede operations and construction.
  • When we invest significant capital to develop a project, we are subject to the risk that the project is not successfully developed and that our customers do not fulfill their payment obligations to us following our capital investment in a project.
  • Failure to maintain sufficient working capital could limit our growth and harm our business, financial condition and results of operations.
  • Our ability to generate revenues is substantially dependent on our current and future long-term agreements and the performance by customers under such agreements.
  • Our current lack of asset and geographic diversification could have an adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • Because we are currently dependent upon a limited number of customers, the loss of a significant customer could adversely affect our operating results.
  • We may not be able to convert our anticipated customer pipeline into binding long-term contracts, and if we fail to convert potential sales into actual sales, we will not generate the revenues and profits we anticipate.
  • Our contracts with our customers are subject to termination under certain circumstances.
  • Competition in the LNG industry is intense, and some of our competitors have greater financial, technological and other resources than we currently possess.
  • Cyclical or other changes in the demand for and price of LNG and natural gas may adversely affect our business and the performance of our customers.
  • Developments related to the ongoing war between Russia and Ukraine and the ongoing conflicts in the Middle East, as well as geopolitical instability in Venezuela, could adversely affect our business, contracts, financial condition, operating results, cash flows, liquidity and prospects.
  • Our risk management strategies cannot eliminate all LNG price and supply risks. In addition, any non-compliance with our risk management strategies could result in significant financial losses.
  • Any use of hedging arrangements may adversely affect our future operating results or liquidity.
  • We are dependent on third-party LNG suppliers and the development of our own portfolio is subject to various risks and assumptions.
  • LNG that is processed, transported and/or stored on FSRUs and transported via pipeline is subject to risk of loss or damage.
  • We rely on tankers and other vessels outside of our fleet for our LNG transportation and transfer.
  • Hire rates for FSRUs and LNG carriers may fluctuate substantially. If rates are lower when we are seeking a new charter, our earnings may decline.
  • We may not be able to fully utilize the capacity of our FSRUs and other facilities.
  • The operation of our vessels is dependent on our ability to deploy our vessels to an NFE terminal or to long-term charters.
  • Vessel values may fluctuate substantially and, if these values are lower at a time when we are attempting to dispose of vessels, we may incur a loss.
  • Maritime claimants could arrest our vessels, which could interrupt our cash flow.
  • We seek to develop innovative and new technologies as part of our strategy that are not yet proven and may not realize the time and cost savings we expect to achieve.
  • Technological innovation may impair the economic attractiveness of our projects.
  • Our Fast LNG technology is a new strategy and may encounter unforeseen or unknown operational risks.
  • We have incurred, and may in the future incur, a significant amount of debt. The agreements governing our significant indebtedness place restrictions on us and our subsidiaries, reducing operational and financing flexibility and creating default risks.
  • Despite our substantial level of indebtedness, we and our subsidiaries will be permitted to incur additional indebtedness in the future. This could further exacerbate the risks associated with our substantial indebtedness.
  • We have entered into, and may in the future enter into or modify existing, joint ventures that might restrict our operational and corporate flexibility or require credit support.
  • The swaps regulatory and other provisions of the Dodd-Frank Act and the rules adopted thereunder and other regulations, including EMIR and REMIT, could adversely affect our ability to hedge risks associated with our business and our operating results and cash flows.
  • We may incur impairments to long-lived assets.
  • Weather events or other natural or manmade disasters or phenomena, some of which may be adversely impacted by global climate change, could have a material adverse effect on our operations and projects, as well as on the economies in the markets in which we operate or plan to operate.
  • Existing and future environmental, social, health and safety laws and regulations could result in increased or more stringent compliance requirements, which may be difficult to comply with or result in additional costs and may otherwise lead to significant liabilities and reputational damage.
  • We are subject to numerous governmental export laws, and trade and economic sanctions laws and regulations, and anti-corruption laws and regulation.
  • Our charterers may inadvertently violate applicable sanctions and/or call on ports located in, or engage in transactions with, countries that are subject to restrictions imposed by the U.S. or other governments, which could adversely affect their business.
  • Increasing transportation regulations may increase our costs and negatively impact our results of operations.
  • Our chartered vessels operating in certain jurisdictions, including the United States, now or in the future, may be subject to cabotage laws, including the Merchant Marine Act of 1920, as amended (the “Jones Act”).
  • We may not own the land on which our projects are located and are subject to leases, rights-of-ways, easements and other property rights for our operations.
  • We could be negatively impacted by sustainability-related matters.
  • Information technology failures and cyberattacks could affect us significantly.
  • Concerns relating to the responsible use of new and evolving technologies, such as AI, may result in reputational or financial harm and liability.
  • Our insurance may be insufficient to cover losses that may occur to our property or result from our operations.
  • Our success depends on key members of our management, the loss of any of whom could disrupt our business operations.
  • We may experience increased labor costs and regulation, and the unavailability of skilled workers or our failure to attract and retain qualified personnel, as well as our ability to comply with such labor laws, could adversely affect us.
  • Our business could be affected adversely by labor disputes, strikes or work stoppages.
  • Risks Related to the Jurisdictions in Which We Operate
  • We are subject to the economic, political, social and other conditions in the jurisdictions in which we operate.
  • Our financial condition and operating results may be adversely affected by foreign exchange fluctuations.
  • Risks Related to Ownership of Our Class A Common Stock
  • The market price and trading volume of our Class A common stock has in the past and may continue to be volatile, which has subjected and may in the future subject us to securities class action litigation and could result in rapid and substantial losses for our stockholders.
  • Prior to the consummation of the Restructuring Transaction, a small number of our original investors have the ability to direct the voting of a significant amount of our common stock, and their interests may conflict with those of our other stockholders.
  • Future sales and issuances of our Class A common stock, securities convertible or exchangeable into our Class A common stock or rights to purchase our Class A common stock could result in additional dilution of the percentage ownership of our shareholders and may cause our share price to fall.
  • Our Certificate of Incorporation and By-Laws, as well as Delaware law, contain provisions that could discourage acquisition bids or merger proposals, which may adversely affect the market price of our Class A common stock and could deprive our investors of the opportunity to receive a premium for their Class A common stock.
  • Our By-Laws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • The declaration and payment of dividends to holders of our Class A common stock is at the discretion of our board of directors and we do not expect to pay dividends for the foreseeable future.
  • The incurrence or issuance of debt which ranks senior to our Class A common stock upon our liquidation and future issuances of equity or equity-related securities, which would dilute the holdings of our existing Class A common stockholders and may be senior to our Class A common stock for the purposes of making distributions, periodically or upon liquidation, may negatively affect the market price of our Class A common stock.
  • Sales or issuances of our Class A common stock could adversely affect the market price of our Class A common stock.
  • An active, liquid and orderly trading market for our Class A common stock may not be maintained and the price of our Class A common stock may fluctuate significantly.
  • We may be unable to maintain the listing of our common stock on the Nasdaq stock market or another national securities exchange.
  • General Risks
  • We are a holding company and our operational and consolidated financial results are dependent on the results of our subsidiaries, affiliates, joint ventures and special purpose entities in which we invest.
  • We have and may in the future continue to engage in mergers, sales and acquisitions, divestments, reorganizations or similar transactions related to our businesses or assets and we may fail to successfully complete such transaction or to realize the expected value.
  • The disposition of our Jamaica Business is expected to have a material adverse effect on our consolidated results of operations and consolidated financial condition and we may not be able to realize some or all of the anticipated benefits
  • from the transaction. Failure to replace the earnings from our Jamaica Business could have a material adverse effect on our business, liquidity, consolidated results of operations and consolidated financial condition.
  • A change in tax laws in any country in which we operate could adversely affect us.

Legal proceedings

From time to time, we are involved in, and may in the future become involved in, various legal and regulatory claims and proceedings relating to claims arising out of our operations and activities in the normal course of business. If we become a party to proceedings in the future, we may be unable to predict with certainty the ultimate outcome of such claims and proceedings. Refer to Note 25 - Commitments and Contingencies to the consolidated financial statements included in Part II, Item 8. These matters also include the following:

In re New Fortress Energy Inc. Securities Litigation, 24-cv-07032 (S.D.N.Y.)

On September 17, 2024, plaintiff Mikolaj Bojdol filed a putative class action lawsuit in the U.S. District Court for the Southern District of New York against the Company and certain officers alleging violations of Sections 10(b) and 20(a) of the Exchange Act and certain rules promulgated thereunder relating to statements concerning the Company’s FLNG project in Altamira, Mexico. On November 1, 2024, plaintiff Taylor Anderson filed a similar class action lawsuit also in the U.S. District Court for the Southern District of New York. The cases were consolidated and a lead plaintiff was appointed on December 17, 2024. The lead plaintiff filed an amended complaint on February 18, 2025 asserting claims on behalf of persons and entities that purchased the Company’s securities between September 20, 2022 and August 8, 2024 and seeks compensatory damages, interest, fees, and costs. On February 19, 2026, the Court denied the defendants’ motion to dismiss. The Company believes the claims are without merit and intends to vigorously defend against this lawsuit.

Derivative Cases

The opening of Item 3, Legal Proceedings.68

Sources

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