{ "ok": true, "cik": "1749723", "ticker": "NFE", "name": "New Fortress Energy Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-11", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "2.03 Creation of a Direct Financial Obligation", "3.02 Unregistered Sales of Equity Securities", "3.03 Material Modifications to Rights of Security Holders", "5.02 Departure or Election of Directors; Appointment of Officers", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000118/0001749723-26-000118-index.htm" }, { "form": "8-K", "filed": "2026-09-10", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000114/0001749723-26-000114-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000110/0001749723-26-000110-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000106/0001749723-26-000106-index.htm" }, { "form": "8-K", "filed": "2026-06-25", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000101/0001749723-26-000101-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000094/0001749723-26-000094-index.htm" } ], "events12m": 18, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001749723.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1749723" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up New Fortress Energy Inc. ($NFE). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-11. 18 event filings (8-K) in the past twelve months. Non-reliance (8-K Item 4.02) filed 2026-03-17.", "auditor": { "changes": [], "nonReliance": [ { "filed": "2026-03-17", "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000008/0001749723-26-000008-index.htm" } ], "restatedSince": true }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 1504037000, "revenueGrowth1y": -0.36241089233148394, "revenueGrowthPerYear": 0.03261935900911728, "yearsOfData": 5, "operatingMargin": -0.7449377907591369, "operatingMarginPrior": 0.2240320244990979, "netMargin": -1.2180238916994728, "operatingCashFlow": -583382000, "capitalSpending": 650811000, "freeCashFlow": -1234193000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 226453000, "longTermDebt": 8178919000, "longTermDebtChange": -0.08111408409119614, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1322810000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 2368272000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 2390605000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 2358944000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 1504037000 } ], "totalEquity": 182647000, "totalAssets": 10555623000, "equityRatio": 0.017303289441087465, "returnOnEquity": -10.030019655400855, "dividendsPaid": 3472000, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 895414755.2566926, "high": 1327078300.039059, "baseline": 1125883006.7354364, "n": 4599, "band": "b1" }, "ifPaceHeld": { "low": 895414755.2566926, "high": 1327078300.039059 } }, "edgarette": "🔖 Exposure: revenue $1.5B (FY2025), total debt $8.2B. Experience: revenue down 36.2% on the year, up 3.3% a year over 4 years; operating margin -74.5%, down from 22.4%. Soundness: equity 1.7% of assets, return on equity -1003.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $895.4M and $1.3B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin -74.5% against a 33.8% median; growth -36.2% against 17.1%.", "peers": { "sic": 4924, "sicDescription": "Natural Gas Distribution", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4924", "growth": [ 0.1711, 13 ], "opMargin": [ 0.3381, 12 ], "equityRatio": [ 0.264, 8 ] }, "summary": "New Fortress Energy (NFE) saw revenue fall 36.2% in FY2025 to $1.5 billion, operating margin -74.5% against a 33.8% median for natural gas distribution, equity 1.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
New Fortress Energy Inc. against its own record and its peers
Operating marginPeer median 33.8%-74.5%Revenue, on the yearPeer median 17.1%-36.2%Equity of assetsPeer median 26.4%1.7%Return on equity-1003.0%Gold tick: the median of 8–8 peers with $50M+ revenue in natural gas distribution
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:00.781Z", "hash": "fbbc610bb1d31f5e", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "New Fortress Energy (NFE) saw revenue fall 36.2% in FY2025 to $1.5 billion, operating margin -74.5% against a 33.8% median for natural gas distribution, equity 1.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 1504037000, "totalDebt": 8178919000, "cash": 226453000 }, "experience": { "revenueGrowth1y": -0.36241089233148394, "revenueGrowthPerYear": 0.03261935900911728, "operatingMargin": -0.7449377907591369, "operatingMarginPrior": 0.2240320244990979, "netMargin": -1.2180238916994728, "freeCashFlow": -1234193000 }, "soundness": { "equityRatio": 0.017303289441087465, "returnOnEquity": -10.030019655400855, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4924, "sicDescription": "Natural Gas Distribution", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4924", "growth": [ 0.1711, 13 ], "opMargin": [ 0.3381, 12 ], "equityRatio": [ 0.264, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": { "filed": "2026-03-17", "url": "https://www.sec.gov/Archives/edgar/data/1749723/000174972326000008/0001749723-26-000008-index.htm", "restatedSince": true, "markedDown": false }, "auditorChange": null }, "range": { "low": 895414755.2566926, "high": 1327078300.039059, "baseline": 1125883006.7354364, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4599, "sizeBand": "b1" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:00.781Z", "hash": "fbbc610bb1d31f5e", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001749723.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1749723" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }