# New Fortress Energy Inc. (NFE) · Edgar & Edgarette company card

> 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.

SEC CIK 1749723 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NFE) · [JSON](https://www.pops4.com/boards/company/NFE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.5B |
| Revenue growth, 1 year | -36.2% |
| Revenue growth per year | 3.3% |
| Operating margin | -74.5% (prior year 22.4%) |
| Net margin | -121.8% |
| Operating cash flow | −$583M |
| Capital spending | $651M |
| Free cash flow | −$1.2B |
| Cash | $226M |
| Long-term debt | $8.2B |
| Total assets | $10.6B |
| Total equity | $183M |
| Equity ÷ assets | 1.7% |
| Return on equity | -1003.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, earlier statements no longer to be relied on, late quarterly report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -74.5% in FY2025; revenue is hard to predict: its 80% range is ±43%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

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 $691.8M and $1.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $492.9M to $2.5B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin -74.5% against a 33.8% median; growth -36.2% against 17.1%.

Range logged 2026-09-24, receipt 315de78743691c5e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-17 ([filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000011/0001749723-26-000011-index.htm))
- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-05-07 ([filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000045/0001749723-26-000045-index.htm))
- Item 4.02 Earlier statements no longer to be relied on: 1, latest 2026-03-17 ([filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000008/0001749723-26-000008-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-05-12 ([filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000058/0001749723-26-000058-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-09-11 ([filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000118/0001749723-26-000118-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000172/0001749723-26-000172-index.htm)
- 8-K · filed 2026-10-05 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000166/0001749723-26-000166-index.htm)
- 8-K · filed 2026-09-11 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000118/0001749723-26-000118-index.htm)
- 8-K · filed 2026-09-10 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000114/0001749723-26-000114-index.htm)
- 8-K · filed 2026-08-21 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000110/0001749723-26-000110-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1749723/000174972326000106/0001749723-26-000106-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001749723.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1749723

## Cite

POPS4, Edgar & Edgarette: New Fortress Energy Inc. (NFE) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/NFE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.