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Stock impact report

New Fortress Energy Announces Second Quarter 2025 Results

New Fortress Energy Inc. - Class A (NFE) 
Last new fortress energy inc. - class a earnings: 3/4 12:02 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2025.Adjusted EBITDA(1) of $(4) million in the second quarter of 2025Net loss of $557 million in the second quarter of 2025Significant non-cash impairments of assets and goodwill totaling $699 millionGain on sale of our Jamaican operations of $473 millionEPS of $(2.02) on a fully diluted basis in the second quarter of 2025Total cash balance of $821 million, of which $551 million is unrestricted as of June 30, 2025We believe there are a number of substantial commercial opportunities to improve our results of operations and liquidity position by the end of 2025, including:We continue to negotiate a long-term gas sale agreement ("GSA") with PREPA to provide gas island-wide in Puerto Rico. During these negotiations we are extending the current island-wide GSA on a weekly basis as we work towards a long-term agreement that is in the b Show less Read more
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