← New Fortress Energy Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying Value | $78.3m | $27.1m | $601.5m | $187.5m | $675.5m | $155.4m | $492.9m | $447.9m | |
| Prepaid Expense and Other Assets, Current | $30.0m | $38.7m | $48.3m | $83.1m | $226.9m | $213.1m | $205.5m | $204.7m | |
| Cash and cash equivalents | $78.3m | $27.1m | $601.5m | $187.5m | $675.5m | $155.4m | $492.9m | $226.5m | |
| Receivables, net of allowances | $28.5m | $49.9m | $76.5m | $208.5m | $280.3m | $342.4m | $335.8m | $452.0m | |
| Prepaid expenses and other current assets, net | $30.0m | $38.7m | $48.3m | $83.1m | $226.9m | $213.1m | $205.5m | $400.3m | |
| Accounts Receivable | — | — | — | — | $280.3m | $342.4m | $331.4m | $452.0m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | ($884k) | ($1.2m) | ($15.7m) | ($17.8m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | $675.5m | $155.4m | $492.9m | $226.5m | |
| Gross Accounts Receivable | — | — | — | — | $281.2m | $343.5m | $347.1m | $469.8m | |
| Non Current Prepaid Assets | — | — | — | $9.7m | $9.2m | $8.9m | — | — | |
| Other Current Assets | — | — | — | — | $27.5m | $69.4m | $212.3m | $49.2m | |
| Other Inventories | — | — | — | $21.6m | $23.6m | $85.5m | $75.2m | — | |
| Other Receivables | — | — | — | — | — | $8.7m | — | $87.7m | |
| Prepaid Assets | — | — | — | — | $56.4m | $31.5m | $28.7m | $24.2m | |
| Taxes Receivable | — | — | — | — | $37.5m | $80.6m | $98.1m | $179.4m | |
| Inventory, Net | $16.0m | $63.4m | $22.9m | $37.2m | $39.1m | $113.7m | $103.2m | $66.7m | |
| Assets, Current | $153.8m | $211.1m | $762.0m | $584.9m | $1.4b | $980.0m | $1.6b | $1.5b | |
| Total current assets | $153.8m | $211.1m | $762.0m | $584.9m | $1.4b | $980.0m | $1.6b | $1.3b | |
| Property, plant and equipment, net | $94.0m | $192.2m | $614.2m | $2.1b | $2.1b | $2.5b | $5.8b | $4.9b | |
| Goodwill | — | — | $0 | $760.1m | $776.8m | $776.8m | $766.4m | $608.7m | |
| Intangible Assets, Net (Excluding Goodwill) | $43.1m | $43.5m | $46.1m | $142.9m | $85.9m | $51.8m | $179.5m | $188.1m | |
| Intangible assets, net | $43.1m | $43.5m | $46.1m | $142.9m | $85.9m | $51.8m | $179.5m | $187.6m | |
| Goodwill And Other Intangible Assets | — | — | — | — | $862.7m | $828.6m | $962.2m | $187.6m | |
| Other Intangible Assets | — | — | — | — | $85.9m | $51.8m | $179.5m | $187.6m | |
| Operating Lease, Right-of-Use Asset | — | — | $141.3m | $285.8m | $355.9m | $538.1m | $599.9m | — | |
| Other Assets, Noncurrent | $35.3m | $81.6m | $86.0m | $98.4m | $137.1m | $126.9m | $272.9m | $217.6m | |
| Right-of-use assets | — | $0 | $141.3m | $309.7m | $377.9m | $588.4m | $618.7m | $411.8m | |
| Additional Financial Items | |||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $28.5m | $49.9m | $76.5m | $208.5m | $280.3m | $342.4m | $335.8m | $271.9m | |
| Accrued Liabilities, Current | $67.5m | $54.9m | $90.4m | $244.0m | $1.2b | $471.7m | $391.4m | $288.0m | |
| Restricted cash | $22.5m | $35.0m | $15.0m | $8.0m | $165.4m | $155.4m | $472.7m | $130.5m | |
| Construction in progress | $254.7m | $466.6m | $234.0m | $1.0b | $2.4b | $5.3b | $3.6b | $3.6b | |
| Deferred tax assets, net | $185k | $34k | $2.3m | $6.0m | $8.1m | $9.9m | $2.7m | $0 | |
| Other non-current assets, net | $35.3m | $81.6m | $86.0m | $98.4m | $137.1m | $126.9m | $272.9m | $140.8m | |
| Current lease liabilities | — | $0 | $35.5m | $47.1m | $48.7m | $164.5m | $128.4m | $72.3m | |
| Other current liabilities | $17.4m | $25.5m | $35.0m | $106.0m | $52.9m | $228.0m | $174.8m | $177.8m | |
| Non-current lease liabilities | — | $0 | $84.3m | $234.1m | $302.1m | $406.5m | $475.2m | $318.8m | |
| Non-controlling interest | $14.3m | $302.5m | $8.1m | $202.5m | $152.0m | $137.8m | $122.7m | $127.0m | |
| Accumulated Depreciation | — | — | — | — | ($248.1m) | ($377.8m) | ($455.0m) | ($408.7m) | |
| Assets Held For Sale Current | — | — | — | — | $0 | $21.3m | $0 | — | |
| Available For Sale Securities | — | — | — | $18.9m | $17.8m | $7.7m | — | — | |
| Capital Lease Obligations | — | — | — | — | $350.9m | $571.0m | $598.3m | $391.1m | |
| Current Accrued Expenses | — | — | — | — | $498.4m | $430.3m | $434.7m | $597.8m | |
| Current Capital Lease Obligation | — | — | — | — | $48.7m | $164.5m | $123.2m | $72.3m | |
| Current Debt | — | — | — | — | $64.8m | $292.6m | $539.1m | $7.1b | |
| Current Debt And Capital Lease Obligation | — | — | — | — | $113.6m | $457.2m | $662.3m | $7.1b | |
| Current Deferred Liabilities | — | — | — | — | $12.7m | $65.3m | $14.4m | $14.1m | |
| Derivative Product Liabilities | — | — | — | — | — | $18.4m | $19.9m | $2.6m | |
| Duefrom Related Parties Current | — | — | — | $3.3m | $698k | $1.6m | $2.6m | — | |
| Dueto Related Parties Current | — | — | — | — | $7.5m | $9.6m | $11.5m | $4.7m | |
| Finished Goods | — | — | — | — | $23.6m | $85.5m | $103.2m | $119.4m | |
| Gross PPE | — | — | — | — | $5.2b | $8.8b | $10.5b | $9.3b | |
| Hedging Assets Current | — | — | — | $0 | $104.8m | $0 | — | — | |
| Income Tax Payable | — | — | — | — | $6.3m | $54.0m | $93.0m | $18.3m | |
| Interest Payable | — | — | — | — | $52.0m | $82.5m | $84.6m | $404.4m | |
| Invested Capital | — | — | — | — | $5.8b | $8.4b | $10.8b | $8.4b | |
| Investmentin Financial Assets | — | — | — | $18.9m | $17.8m | $7.7m | — | — | |
| Investments And Advances | — | — | — | $1.2b | $410.1m | $137.8m | $0 | — | |
| Land And Improvements | — | — | — | — | $53.0m | $54.3m | $51.9m | $56.7m | |
| Leases | — | — | — | — | $9.4m | $140.0m | $49.9m | $39.3m | |
| Long Term Capital Lease Obligation | — | — | — | — | $302.1m | $406.5m | $475.2m | $318.8m | |
| Long Term Equity Investment | — | — | — | $1.2b | $392.3m | $137.8m | $0 | — | |
| Machinery Furniture Equipment | — | — | — | — | $1.5b | $1.5b | $1.6b | $974.1m | |
| Net Debt | — | — | — | — | $3.9b | $6.6b | $8.4b | $8.0b | |
| Net PPE | — | — | — | — | $4.9b | $8.4b | $10.1b | $8.9b | |
| Net Tangible Assets | — | — | — | — | $427.2m | $811.5m | $915.8m | ($4.9m) | |
| Non Current Accounts Receivable | — | — | — | — | $28.7m | $19.9m | $134.9m | $65.9m | |
| Non Current Deferred Assets | — | — | — | — | $17.8m | $32.3m | $23.9m | $10.4m | |
| Non Current Deferred Liabilities | — | — | — | — | $26.0m | $76.1m | $86.6m | $102.2m | |
| Non Current Deferred Taxes Assets | — | — | — | — | $8.1m | $9.9m | $3.3m | $0 | |
| Ordinary Shares Number | — | — | — | — | $208.8m | $205.0m | $266.5m | $284.6m | |
| Other Current Borrowings | — | — | — | — | $64.8m | $292.6m | $539.1m | $7.1b | |
| Other Equity Adjustments | — | — | — | — | $55.4m | $71.5m | $7.5m | $54.1m | |
| Other Non Current Assets | — | — | — | — | $76.3m | $84.6m | $114.7m | $64.5m | |
| Other Non Current Liabilities | — | — | — | — | $49.0m | $5.5m | $135.5m | $64.0m | |
| Other Properties | — | — | — | — | $2.1b | $1.8b | $5.3b | $4.6b | |
| Preferred Securities Outside Stock Equity | — | — | — | — | — | $0 | $90.6m | $0 | |
| Properties | — | — | — | $619.5m | $649.3m | — | — | — | |
| Raw Materials | — | — | — | $15.6m | $15.5m | $28.1m | — | — | |
| Share Issued | — | — | — | — | $208.8m | $205.0m | $266.5m | $284.6m | |
| Tangible Book Value | — | — | — | — | $427.2m | $811.5m | $915.8m | ($4.9m) | |
| Working Capital | — | — | — | — | ($22.1m) | ($726.3m) | ($140.5m) | ($7.3b) | |
| Total stockholders’ equity attributable to NFE | — | $84.8m | $367.0m | $1.8b | $1.3b | $1.6b | $1.9b | $182.6m | |
| Total stockholders’ equity | $282.6m | $387.3m | $375.1m | $2.0b | $1.4b | $1.8b | $2.0b | $309.6m | |
| Total Capitalization | — | — | — | — | $5.8b | $8.2b | $10.2b | $1.3b | |
| Total Debt | — | — | — | — | $4.9b | $7.4b | $9.5b | $8.6b | |
| Total Non Current Assets | — | — | — | — | $6.3b | $9.5b | $11.3b | $9.2b | |
| Total Tax Payable | — | — | — | — | $6.3m | $54.0m | $93.0m | $18.3m | |
| Assets | $699.4m | $1.1b | $1.9b | $6.9b | $7.7b | $10.5b | $12.9b | $13.1b | |
| Total assets | $699.4m | $1.1b | $1.9b | $6.9b | $7.7b | $10.5b | $12.9b | $10.6b | |
| LIABILITIES AND EQUITY | |||||||||
| Total liabilities and stockholders’ equity | $699.4m | $1.1b | $1.9b | $6.9b | $7.7b | $10.5b | $12.9b | $10.6b | |
| Current liabilities: | |||||||||
| Operating Lease, Liability, Current | — | — | $35.5m | $43.4m | $44.4m | $135.9m | $124.4m | — | |
| Accounts Payable, Current | $43.2m | $11.6m | $21.3m | $68.1m | $80.4m | $549.5m | $473.7m | $657.8m | |
| Long-term Debt, Current Maturities | $272.2m | $0 | — | $97.3m | $64.8m | $292.6m | $539.1m | — | |
| Operating Lease, Liability, Noncurrent | — | — | $84.3m | $219.2m | $290.9m | $390.5m | $472.0m | — | |
| Long-term Debt, Excluding Current Maturities | $0 | $619.1m | $1.2b | $3.8b | $4.5b | $6.5b | $8.4b | $8.9b | |
| Dividends Payable, Current | — | — | — | — | $626.3m | $0 | — | — | |
| Current portion of long-term debt and short-term borrowings | — | — | $0 | $97.3m | $64.8m | $292.6m | $539.1m | $7.1b | |
| Current Deferred Revenue | — | — | — | — | $12.7m | $65.3m | $14.4m | $14.1m | |
| Dividends Payable | — | — | — | $333k | $626.3m | $0 | — | — | |
| Payables And Accrued Expenses | — | — | — | — | $1.2b | $1.0b | $1.0b | $1.4b | |
| Liabilities, Current | $404.8m | $102.3m | $191.2m | $562.5m | $1.4b | $1.7b | $1.7b | $1.5b | |
| Total current liabilities | $404.8m | $102.3m | $191.2m | $562.5m | $1.4b | $1.7b | $1.7b | $8.7b | |
| Deferred Income Tax Liabilities, Net | $0 | $241k | $2.3m | $269.5m | $26.0m | $44.4m | $73.2m | $53.2m | |
| Other Liabilities, Noncurrent | $12.0m | $14.9m | $15.6m | $58.5m | $49.0m | $55.6m | $166.4m | $174.1m | |
| Other long-term liabilities | $12.0m | $14.9m | $15.6m | $58.5m | $49.0m | $55.6m | $166.4m | $92.3m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | $4.8b | $6.9b | $8.8b | $1.4b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | $26.0m | $44.4m | $74.8m | $92.4m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | $27.6m | $37.7m | $41.4m | $37.4m | — | |
| Deferred Tax Liabilities, Net | $0 | $207k | $15k | $263.5m | $17.9m | $34.5m | $70.5m | $76.5m | |
| Liabilities | $416.8m | $736.5m | $1.5b | $4.9b | $6.3b | $8.7b | $10.8b | $11.1b | |
| Total liabilities | $416.8m | $736.5m | $1.5b | $4.9b | $6.3b | $8.7b | $10.8b | $10.2b | |
| Stockholders’ equity: | |||||||||
| Common Stock, Value, Issued | — | — | — | — | $2.1m | $2.0m | $2.7m | $2.7m | |
| Additional Paid in Capital | — | $0 | $594.5m | $1.9b | $1.2b | $1.0b | $1.7b | $1.7b | |
| Retained Earnings (Accumulated Deficit) | ($158.4m) | ($45.8m) | ($229.5m) | ($132.4m) | $62.1m | $528.0m | $196.4m | $15.4m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($11k) | ($30k) | $182k | ($2.1m) | $55.4m | $71.5m | $3.1m | $31.1m | |
| Series B convertible preferred stock, $0.01 par value, — shares authorized, issued and outstanding as of December 31, 2025 (96,746 as of December 31, 2024); aggregate liquidation preference of $— and $96,746 at December 31, 2025 and December 31, 2024 | — | — | — | — | — | 0 | 90.6m | 0 | |
| Class A common stock, $0.01 par value, 750.0 million shares authorized, 284.6 million issued and outstanding as of December 31, 2025; 266.5 million issued and outstanding as of December 31, 2024 | 0 | 130.7m | 1.7m | 2.1m | 2.1m | 2.0m | 2.7m | 2.8m | |
| (Accumulated deficit) retained earnings | ($158.4m) | ($45.8m) | ($229.5m) | ($132.4m) | $62.1m | $528.0m | $196.4m | ($1.7b) | |
| Accumulated other comprehensive income | ($11k) | ($30k) | $182k | ($2.1m) | $55.4m | $71.5m | $3.1m | $54.1m | |
| Capital Stock | — | — | — | — | $2.1m | $2.0m | $2.7m | $2.8m | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | $55.4m | $71.5m | $7.5m | $54.1m | |
| Stockholders' Equity Attributable to Parent | — | $84.8m | $367.0m | $1.8b | $1.3b | $1.6b | $1.9b | $1.8b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $302.5m | $8.1m | $202.5m | $152.0m | $137.8m | $122.7m | $123.1m | |
| Minority Interest | — | — | — | — | $152.0m | $137.8m | $122.7m | $127.0m | |
| Total Equity Gross Minority Interest | — | — | — | — | $1.4b | $1.8b | $2.0b | $309.6m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | $4.9b | $7.0b | $9.2b | $1.6b | |
| Liabilities and Equity | $699.4m | $1.1b | $1.9b | $6.9b | $7.7b | $10.5b | $12.9b | $13.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.