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06.09.25 - 01:51
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New Fortress Energy Announces Second Quarter 2025 Results (Business Wire)
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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 2025
Net loss of $557 million in the second quarter of 2025
Significant non-cash impairments of assets and goodwill totaling $699 million
Gain on sale of our Jamaican operations of $473 million
EPS of $(2.02) on a fully diluted basis in the second quarter of 2025
Total cash balance of $821 million, of which $551 million is unrestricted as of June 30, 2025
We 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 ...
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29.07.25 - 23:24
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Excelerate Energy Raises FY 2025 Guidance and Reports Jamaica Acquisition Pro Forma Financial Results (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) today raised its full year 2025 Adjusted EBITDA guidance range and filed a Form 8-K/A with pro forma financial results related to the acquisition of New Fortress Energy Inc.'s (“Seller”) business in Jamaica.
KEY HIGHLIGHTS
Excelerate closed its acquisition of the integrated LNG and power platform in Jamaica in May 2025 (the “Jamaica Acquisition”)
Following the closing of the Jamaica Acquisition, the Company now expects full year 2025 Adjusted EBITDA guidance to range between $420 million and $440 million
The Company has filed a Form 8-K/A with pro forma financial information that incorporates the Seller's historical results from its Jamaica operations
The pro forma financial results include certain cost allocations to the Jamaica business based on assumptions and methodologies specific to the Seller
After removing these Seller-specific cost allocations, pro forma Adjusted EBITDA for ...
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25.07.25 - 05:30
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Puerto Rico kippt geplanten LNG-Pakt mit New Fortress – Konkurrenz wittert Chance (Sharedeals)
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Puerto Rico zieht die Notbremse: Warum der 20 Milliarden US$ schwere LNG-Deal mit New Fortress platzt – und was das für die Insel und andere Anbieter bedeutet. Puerto Rico kappt den geplanten, 20 Milliarden US$ schweren LNG-Vertrag mit New Fortress Energy. Die Beschaffungsbehörde begründet den Abbruch laut einem Bloomberg-Bericht mit verpassten Fristen und fehlender Preisnachbesserung. […]
The post Puerto Rico kippt geplanten LNG-Pakt mit New Fortress – Konkurrenz wittert Chance first appeared on sharedeals.de....
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24.07.25 - 01:01
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New Fortress Energy Taps Houlihan for Advice Amid Bond Rout (Bloomberg)
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Billionaire investor Wes Edens' New Fortress Energy Inc. has tapped Houlihan Lokey for advice in anticipation of talks with creditors to cut its debt load, according to people with knowledge of the situation who asked not to be identified because they're not authorized to speak publicly....
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14.07.25 - 23:24
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Puerto Rico Faces Blackout Threat After New Fortress Halts LNG Shipment (ZeroHedge)
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Puerto Rico Faces Blackout Threat After New Fortress Halts LNG Shipment
Weeks after New Fortress Energy rallied on news of a temporary contract extension for LNG supply to Puerto Rico, Bloomberg now reports the island has idled temporary power plants after the company abruptly halted a critical gas shipment, raising the risk of power outages at the peak of summer demand.
Puerto Rico Energy Chief Josue Colon slammed the LNG shipment cancellation as "unjustified," disputing New Fortress's claims of being owed millions of dollars since 2020. With 10 out of 14 temporary generators offline and the rest running on expensive, dirty diesel, Colon warned the island now faces an elevated risk of blackouts.
He said LNG tankers were supposed to dock in San Juan in recent days, but failed to come to port, adding that weather on Saturday would have allowed them to dock, "but suddenly, and without any valid reason, contractually, the ship was diverted."
Colon described existing ...
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