New Fortress Energy Inc - Understand $nfe stock

$NFE Market Cap: $2.315 Billion

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Financial Snapshot

Revenue

$2.391B

TTM

Gross Margin

60.98%

TTM

Net Earnings

$243.7M

TTM

Current Assets

$1.124B

Q2 2024

Current Liabilities

$1.565B

Q2 2024

Current Ratio

71.85%

Q2 2024

Total Assets

$11.41B

Q2 2024

Total Liabilities

$9.623B

Q2 2024

Book Value

$1.785B

Q2 2024

Cash

$133.0M

Q2 2024

P/E

9.502

Sep 17, 2024 EST

Free Cash Flow

-$2.427B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.413B	$2.368B	$1.323B	$451.7M	$189.1M	$112.3M	$97.26M	$21.40M
YoY Change	1.9%	79.03%	192.88%	138.81%	68.41%	15.46%	354.5%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.413B	$2.368B	$1.323B	$451.7M	$189.1M	$112.3M	$97.26M	$21.40M
Cost Of Revenue	$877.5M	$1.010B	$616.0M	$278.8M	$183.4M	$95.74M	$78.69M	$22.70M
Gross Profit	$1.536B	$1.358B	$706.8M	$172.9M	$5.766M	$16.56M	$18.57M	-$1.400M
Gross Profit Margin	63.64%	57.33%	53.43%	38.28%	3.05%	14.75%	19.09%	-6.54%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$205.1M	$236.1M	$199.9M	$120.1M	$152.9M	$62.14M	$33.34M	$23.40M
YoY Change	-13.11%	18.1%	66.37%	-21.44%	146.1%	86.36%	42.49%
% of Gross Profit	13.35%	17.38%	28.28%	69.49%	2652.13%	375.25%	179.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$187.3M	$143.6M	$99.54M	$33.30M	$8.641M	$4.034M	$3.214M	$2.390M
YoY Change	30.46%	44.25%	198.9%	285.41%	114.2%	25.51%	34.48%
% of Gross Profit	12.2%	10.57%	14.08%	19.26%	149.86%	24.36%	17.31%
Operating Expenses	$205.1M	$236.1M	$199.9M	$120.1M	$152.9M	$62.14M	$33.34M	$25.70M
YoY Change	-13.11%	18.1%	66.37%	-21.44%	146.1%	86.36%	29.74%
Operating Profit	$942.7M	$737.4M	$238.9M	-$155.4M	-$187.3M	-$58.49M	-$24.99M	-$27.10M
YoY Change	27.84%	208.68%	-253.76%	-17.04%	220.19%	134.05%	-7.79%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$277.8M	$236.9M	$154.3M	$65.72M	$19.41M	$11.25M	$6.456M	-$5.100M
YoY Change	17.3%	53.48%	134.81%	238.57%	72.58%	74.23%	-226.59%
% of Operating Profit	29.47%	32.12%	64.6%
Other Income/Expense, Net	-$10.41M	$48.04M	$17.15M	-$5.005M	$2.807M	$784.0K	$301.0K	$100.0K
YoY Change	-121.66%	180.14%	-442.66%	-278.3%	258.04%	160.47%	201.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$664.4M	$61.35M	$105.2M	-$259.1M	-$203.9M	-$78.52M	-$31.15M	-$33.30M
YoY Change	983.0%	-41.67%	-140.58%	27.11%	159.65%	152.11%	-6.47%
Income Tax	$115.5M	-$123.4M	$12.46M	$4.817M	$439.0K	-$338.0K	$526.0K	-$400.0K
% Of Pretax Income	17.39%	-201.21%	11.85%
Net Earnings	$547.9M	$194.5M	$97.10M	-$182.1M	-$33.81M	-$78.08M	-$31.67M	-$32.90M
YoY Change	181.72%	100.28%	-153.31%	438.75%	-56.7%	146.52%	-3.74%
Net Earnings / Revenue	22.7%	8.21%	7.34%	-40.33%	-17.88%	-69.52%	-32.56%	-153.74%
Basic Earnings Per Share	$2.66	$0.93	$0.49	-$1.71	-$1.62
Diluted Earnings Per Share	$2.65	$0.93	$0.47	-$1.71	-$1.62	-$465.2K	-$187.2K	-$194.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$155.4M	$675.5M	$187.5M	$601.5M	$27.10M	$78.30M	$84.70M	$180.7M
YoY Change	-76.99%	260.25%	-68.83%	2119.56%	-65.39%	-7.56%	-53.13%
Cash & Equivalents	$155.4M	$675.5M	$187.5M	$601.5M	$27.10M	$78.30M	$84.70M	$180.7M
Short-Term Investments
Other Short-Term Assets	$279.2M	$346.7M	$112.4M	$57.40M	$69.70M	$30.00M	$38.50M	$6.800M
YoY Change	-19.48%	208.37%	95.86%	-17.65%	132.33%	-22.08%	466.18%
Inventory	$113.7M	$39.07M	$37.18M	$22.90M	$63.40M	$16.00M	$11.20M	$7.700M
Prepaid Expenses
Receivables	$351.1M	$288.4M	$216.0M	$80.20M	$49.90M	$28.50M	$19.40M	$16.20M
Other Receivables	$80.63M	$37.50M	$31.79M	$0.00	$1.100M	$1.000M	$1.200M	$500.0K
Total Short-Term Assets	$980.0M	$1.387B	$584.9M	$762.0M	$211.1M	$153.8M	$155.0M	$211.9M
YoY Change	-29.35%	137.17%	-23.25%	260.97%	37.26%	-0.77%	-26.85%
Property, Plant & Equipment	$8.418B	$4.913B	$3.491B	$989.6M	$658.8M	$348.7M	$104.8M	$75.30M
YoY Change	71.34%	40.72%	252.82%	50.21%	88.93%	232.73%	39.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$145.5M	$410.1M	$1.201B		$2.500M	$3.700M	$6.300M	$3.400M
YoY Change	-64.53%	-65.85%			-32.43%	-41.27%	85.29%
Other Assets	$109.2M	$98.70M	$56.75M	$72.90M	$116.6M	$58.00M	$21.10M	$6.200M
YoY Change	10.68%	73.92%	-22.16%	-37.48%	101.03%	174.88%	240.32%
Total Long-Term Assets	$9.521B	$6.318B	$6.292B	$1.146B	$912.7M	$545.6M	$226.2M	$177.2M
YoY Change	50.7%	0.42%	448.96%	25.57%	67.28%	141.2%	27.65%
Total Assets	$10.50B	$7.705B	$6.876B	$1.908B	$1.124B	$699.4M	$381.2M	$389.1M
YoY Change
Accounts Payable	$549.5M	$80.39M	$68.09M	$21.30M	$11.60M	$43.20M	$6.400M	$5.300M
YoY Change	583.55%	18.07%	219.65%	83.62%	-73.15%	575.0%	20.75%
Accrued Expenses	$607.5M	$1.207B	$287.4M	$125.8M	$54.90M	$67.50M	$17.50M	$10.40M
YoY Change	-49.66%	319.87%	128.47%	129.14%	-18.67%	285.71%	68.27%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$321.3M	$69.19M	$101.0M		$0.00	$272.2M	$5.800M	$5.800M
YoY Change	364.38%	-31.47%			-100.0%	4593.1%	0.0%
Total Short-Term Liabilities	$1.706B	$1.409B	$562.5M	$191.2M	$102.3M	$404.8M	$32.10M	$24.50M
YoY Change	21.08%	150.53%	194.2%	86.9%	-74.73%	1161.06%	31.02%
Long-Term Debt	$6.526B	$4.488B	$3.773B	$1.240B	$619.1M	$0.00	$69.40M	$74.60M
YoY Change	45.42%	18.96%	204.35%	100.23%		-100.0%	-6.97%
Other Long-Term Liabilities	$446.1M	$339.9M	$277.7M	$100.0M	$14.90M	$12.00M	$600.0K	$600.0K
YoY Change	31.25%	22.42%	177.66%	571.14%	24.17%	1900.0%	0.0%
Total Long-Term Liabilities	$6.973B	$4.828B	$4.050B	$1.340B	$634.0M	$12.00M	$70.00M	$75.20M
YoY Change	44.42%	19.2%	202.36%	111.29%	5183.33%	-82.86%	-6.91%
Total Liabilities	$8.861B	$6.415B	$5.085B	$1.541B	$1.039B	$431.1M	$102.3M	$99.70M
YoY Change	38.13%	26.16%	229.95%	48.33%	141.01%	321.41%	2.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	205.9M shares	209.5M shares	198.6M	106.7M	20.86M
Diluted Shares Outstanding	206.5M shares	209.9M shares	201.7M	106.7M	20.86M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $2.3152 Billion

About New Fortress Energy Inc

New Fortress Energy, Inc. is a holding company engaged in the management of integrated gas-to-power energy infrastructure. The company is headquartered in New York City, New York and currently employs 677 full-time employees. The company went IPO on 2019-01-31. The firm owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to rapidly deliver energy solutions to global markets. The firm operates through two segments: Ships, and Terminals and Infrastructure. Its Ships segment includes all vessels, which are leased to customers under long-term or spot arrangements. Ships segment includes Floating Storage and Regasification Units (FSRUs), Floating Storage Units (FSUs) and LNG carriers (LNGCs). The Terminals and Infrastructure segment includes the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities and conversion or development of natural gas-fired power generation. This segment includes all terminal operations in Jamaica, Puerto Rico, Mexico and Brazil.

Industry: Natural Gas Distribution Peers: Cheniere Energy Partners LP DCP Midstream, LP Enterprise Products Partners LP Hess Midstream LP Magellan Midstream Partners, L.P. ONEOK Inc Plains All American Pipeline LP Shell Midstream Partners, L.P. Targa Resources Corp Western Midstream Partners LP