Financial Snapshot

Revenue
$2.444B
TTM
Gross Margin
55.61%
TTM
Net Earnings
$191.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
38.17%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.787B
Q3 2024
Cash
Q3 2024
P/E
14.88
Nov 29, 2024 EST
Free Cash Flow
-$2.186B
TTM

Revenues

Revenues

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Revenue YoY Change

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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

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Gross Profit

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Gross Profit Margin

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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

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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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

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Interest Expenses To Operating Income %

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Other Expense/Income

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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

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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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

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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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

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
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

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.8536 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, L.P. DCP Midstream, LP ENTERPRISE PRODUCTS PARTNERS L.P. Hess Midstream LP Magellan Midstream Partners, L.P. ONEOK INC /NEW/ PLAINS ALL AMERICAN PIPELINE LP Shell Midstream Partners, L.P. Targa Resources Corp. Western Midstream Partners, LP