New Fortress Energy Inc. (NFE)

1.8 -0.01 (-0.55%)

As of 2025-10-17 00:20:21 EST

Wesley Robert Edens (born October 30, 1961) is an American billionaire businessman and private equity investor. He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. Edens is co-owner of the Milwaukee Bucks franchise of the NBA based in Milwaukee, Wisconsin. While Edens was co-owner, the Bucks won the 2021 NBA championship. He is also the co-owner of association football holding company V Sports alongside Nassef Sawiris, whose assets include ownership of Premier League football club Aston Villa and a 29% stake in Portuguese Primeira Liga team Vitória S.C.

Traded asNasdaq: NFE
ISINUS6443931000
CIK0001749723
LEI254900EICTYTCHA5X705
EIN831482060
Sector—
IndustryNatural Gas Distribution
CEO—
Employees231
Fiscal Year End1231
Address111 W. 19TH STREET, NEW YORK, NY, 10011
Phone(516) 268-7400
Websitehttp://newfortressenergy.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
NFENew Fortress Energy Inc.2025-10-17 00:20:211.8-0.01-0.55
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
NFE0001749723New Fortress Energy Inc.US6443931000254900EICTYTCHA5X705831482060Nasdaq4924Natural Gas Distribution1231DE111 W. 19TH STREETNEW YORKNY10011UNITED STATESUS(516) 268-7400111 W. 19TH STREET, NEW YORK, NY, 10011111 W. 19TH STREET, NEW YORK, NY, 10011New Fortress Energy LLC———231http://newfortressenergy.com2,274,600,000274,200,000284,552,811Wesley Robert Edens (born October 30, 1961) is an American billionaire businessman and private equity investor. He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. Edens is co-owner of the Milwaukee Bucks franchise of the NBA based in Milwaukee, Wisconsin. While Edens was co-owner, the Bucks won the 2021 NBA championship. He is also the co-owner of association football holding company V Sports alongside Nassef Sawiris, whose assets include ownership of Premier League football club Aston Villa and a 29% stake in Portuguese Primeira Liga team Vitória S.C.2025-10-10 21:38:46
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NFE Stock Price (End-of-Day)
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NFE Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20242,274,600,000-501,400,000-18.062273,771,81168,738,25433.5254
20232,776,000,000-1,152,700,000-29.3405205,033,557-3,736,531-1.7898
20223,928,700,0001,174,600,00042.6491208,770,0881,906,8460.9218
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Yunyoung ShinChief Accounting Officer2024250,0001,500,0003,636,299—05,386,299
Andrew DetePresident2024250,0003,500,00042,503,501—046,253,501
Wesley R. EdensChief Executive Officer2024000—00
Christopher S. GuintaChief Financial Officer2024350,0006,000,0005,300,718—011,650,718
Wesley R. EdensChief Executive Officer2023000—00
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Employee Count
Fiscal YearEmployee Count
2022577
2021671
2020231
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Income Statements
Fiscal Year202420232022
Revenue2,364,860,0002,413,296,0002,368,272,000
Cost Of Revenue1,064,667,000877,451,0001,010,428,000
Gross Profit———
Research And Development Expenses———
General And Administrative Expenses285,520,000205,104,000236,051,000
Operating Expenses1,826,221,0001,470,629,0001,630,892,000
Operating Income538,639,000942,667,000737,380,000
Net Income-242,387,000547,882,000194,479,000
Earnings Per Share Basic-1.242.660.93
Earnings Per Share Diluted-1.252.650.93
Weighted Average Shares Outstanding Basic217,578,487205,942,837209,501,298
Weighted Average Shares Outstanding Diluted218,622,419206,481,977209,854,413
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents492,881,000155,414,000675,492,000
Marketable Securities Current———
Accounts Receivable335,813,000342,371,000280,313,000
Inventories103,224,000113,684,00039,070,000
Non Trade Receivables———
Other Assets Current31,199,00078,153,00027,504,000
Total Assets Current1,610,110,000979,973,0001,387,154,000
Marketable Securities Non Current———
Property Plant And Equipment———
Other Assets Non Current272,899,000126,903,000137,078,000
Total Assets Non Current11,257,386,0009,521,272,0006,317,928,000
Total Assets12,867,496,00010,501,245,0007,705,082,000
Accounts Payable473,736,000549,489,00080,387,000
Deferred Revenue14,415,00065,287,00012,748,000
Short Term Debt539,132,000292,625,00064,820,000
Other Liabilities Current174,829,000227,951,00052,878,000
Total Liabilities Current1,707,418,0001,706,288,0001,409,238,000
Long Term Debt8,894,835,0006,803,148,0004,541,685,000
Other Liabilities Non Current166,358,00055,627,00049,010,000
Total Liabilities Non Current9,070,420,0007,017,088,0004,853,985,000
Total Liabilities10,777,838,0008,723,376,0006,263,223,000
Common Stock2,664,0002,050,0002,088,000
Retained Earnings196,363,000527,986,00062,080,000
Accumulated Other Comprehensive Income3,089,00071,528,00055,398,000
Total Shareholders Equity1,876,428,0001,640,094,0001,289,820,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization162,014,000187,324,000142,640,000
Share Based Compensation Expense50,625,0001,573,00030,382,000
Other Non Cash Income Expense-153,338,000-21,438,00014,186,000
Change In Accounts Receivable-64,726,00041,019,000139,938,000
Change In Inventories2,751,00039,790,0007,933,000
Change In Non Trade Receivables———
Change In Other Assets65,445,000-41,828,00030,086,000
Change In Accounts Payable187,792,00078,065,00067,741,000
Change In Other Liabilities-37,171,000141,335,0005,314,000
Cash From Operating Activities586,742,000824,756,000355,111,000
Purchases Of Marketable Securities———
Sales Of Marketable Securities———
Acquisition Of Property Plant And Equipment2,621,234,0003,029,834,0001,174,008,000
Acquisition Of Business———
Other Investing Activities-22,887,000-9,227,0001,794,000
Cash From Investing Activities-2,074,647,000-2,904,143,000-82,726,000
Tax Withholding For Share Based Compensation—9,519,00072,602,000
Payments Of Dividends65,310,000723,962,00099,050,000
Issuance Of Common Stock386,583,000——
Repurchase Of Common Stock———
Issuance Of Long Term Debt350,000,00062,928,000—
Repayment Of Long Term Debt———
Other Financing Activities-14,248,000-18,642,000—
Cash From Financing Activities2,224,568,0001,528,950,000321,957,000
Change In Cash654,763,000-544,269,000591,053,000
Cash At End Of Period492,881,000155,414,000675,492,000
Income Taxes Paid27,932,00052,897,000151,210,000
Interest Paid105,784,000100,304,000160,618,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share-1.242.660.93
Price To Earnings Ratio-12.193514.184245.6129
Earnings Growth Rate-146.6165186.021589.7959
Price Earnings To Growth Ratio0.08320.07630.508
Book Value Per Share9.60428.63286.8823
Price To Book Ratio1.57434.37056.1636
Ebitda275,936,0001,065,945,000725,190,000
Enterprise Value12,230,872,723.4414,710,582,240.0112,818,058,061.16
Dividend Yield0.01990.09320.0111
Dividend Payout Ratio-0.26941.32140.5093
Debt To Equity Ratio5.02764.32643.5714
Capital Expenditures———
Free Cash Flow———
Return On Equity-0.12920.33410.1508
One Year Beta0.92421.36311.3593
Three Year Beta1.27051.44371.1
Five Year Beta1.10671.11171.0884
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Shin YunyoungChief Accounting Officer2025-04-2144,558D83,557
Guinta Christopher S.Chief Financial Officer2025-03-135,000A206,653
EDENS WESLEY RDirector, Chief Executive Officer, 10% owner2025-03-12100,000A36,021,915
EDENS WESLEY RDirector, Chief Executive Officer, 10% owner2025-03-11200,000A35,921,915
Shin YunyoungChief Accounting Officer2025-01-0280,455A128,115
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
Maria Elvira Salazar2024-06-10FL27Sale2024-05-01Spouse$15,001 - $50,000
Maria Elvira Salazar2023-11-08FL27Purchase2023-10-24Spouse$15,001 - $50,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
180 WEALTH ADVISORS, LLC2025-09-30139,02762,9082.21
CWM, LLC2025-09-3010,0004,4702.2371
Stephens Consulting, LLC2025-09-303871752.2114
HARBOR CAPITAL ADVISORS, INC.2025-09-3022,0009,8152.2415
Farther Finance Advisors, LLC2025-09-3013,6256,1652.2101
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
Pacer Funds Trust2025-07-31Pacer American Energy Independence ETFUSAI766,4412,088,551.732.2172
Advisors' Inner Circle Fund III2025-07-31I SharesKCXIX8022,185.450.0009
INVESCO EXCHANGE-TRADED FUND TRUST2025-07-31Invesco RAFI US 1500 Small-Mid ETFPRFZ242,453660,684.430.0279
Global X Funds2025-07-31Global X Russell 2000 ETFRSSL86,591235,960.480.0179
BNY Mellon ETF Trust2025-07-31BNY Mellon US Small Cap Core Equity ETFBKSE4,21611,488.60.018
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