From Yahoo Finance: 2025-05-14 16:23:00

New Fortress Energy reported a loss in Q1, with shares dropping 19% due to weak performance. The company sold Jamaican assets for $1.06 billion, aiming to reduce debt. CEO Wes Edens highlighted the importance of the sale. The company’s total revenue fell to $470.5 million, and operating margins declined in both segments.

Financial struggles stemmed from the inability to secure LNG at competitive prices due to credit rating issues. Operating margin at terminals and ships segments declined in Q1. New Fortress Energy posted a net loss of $197.4 million, compared to a net income of $56.7 million a year earlier. The company is valued at $1.93 billion.

Read more: New Fortress Energy posts quarterly loss as all segments show weak performance