Market Summary
USD30.28+0.48
Market Closed1.61%
NFE Alerts
NFE Stock Price
NFE RSI Chart
NFE Valuation
NFE Price/Sales (Trailing)
NFE Profitability
NFE Fundamentals
NFE Revenue
NFE Earnings
Price Action
52 Week Range
25.0660.33
(Low)(High)
Last 7 days
-7.5%
Last 30 days
0.1%
Last 90 days
8.6%
Trailing 12 Months
-39.0%
NFE Financial Health
NFE Investor Care
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Net sales
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Latest Insider Trading transactions for NFE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-26 | Catterall Desmond Iain | bought | 125,640 | 26.54 | 4,734 | - |
2023-05-24 | Jay Timothy W. | bought | 7,000 | 28.00 | 250 | - |
2023-05-24 | Jay Timothy W. | bought | 55,700 | 27.85 | 2,000 | - |
2023-05-23 | Jay Timothy W. | bought | 21,215 | 28.2867 | 750 | - |
2023-05-23 | Jay Timothy W. | bought | 84,845 | 28.2817 | 3,000 | - |
2023-04-05 | Guinta Christopher S. | sold (taxes) | -678,743 | 28.99 | -23,413 | chief financial officer |
2023-04-05 | Shin Yunyoung | sold (taxes) | -653,116 | 28.99 | -22,529 | chief accounting officer |
2023-04-03 | Shin Yunyoung | acquired | - | - | 42,338 | chief accounting officer |
2023-04-03 | Guinta Christopher S. | acquired | - | - | 42,338 | chief financial officer |
2022-12-30 | Wilkinson Matthew | sold | -169,135 | 42.2837 | -4,000 | - |
Which funds bought or sold NFE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -370,818 | - | -% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 896,165 | 896,165 | 0.37% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 32.21 | 342,476 | 2,028,930 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -24.43 | -82,611 | 182,384 | -% |
2023-08-16 | Thomas J. Herzfeld Advisors, Inc. | unchanged | - | -195,045 | 1,971,060 | 0.78% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -1.98 | -522,295 | 4,312,700 | -% |
2023-08-16 | CASTLEARK MANAGEMENT LLC | reduced | -49.91 | -46,850 | 39,233 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | added | 133 | 557,670 | 1,054,010 | -% |
2023-08-15 | O'Brien Greene & Co. Inc | added | 5.73 | -13,000 | 321,000 | 0.11% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | added | 6.97 | -21,000 | 785,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
NFE Alerts
Schedule 13G FIlings of New Fortress Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| May 22, 2023 | nardone randal a | 12.8% | 26,196,526 | SC 13D/A | |
| May 22, 2023 | edens wesley r | 23.2% | 47,540,924 | SC 13D/A | |
| Feb 13, 2023 | capital world investors | 5.2% | 10,788,975 | SC 13G | |
| Dec 21, 2022 | energy transition holdings llc | 12.2% | 25,559,846 | SC 13D/A | |
| Nov 10, 2022 | golar lng ltd | 4.9% | 10,220,368 | SC 13D/A | |
| Apr 21, 2022 | nfe smrs holdings llc | 15.7% | 32,459,846 | SC 13D/A | |
| Apr 07, 2022 | golar lng ltd | 6.01% | 12,427,451 | SC 13D/A | |
| Jun 15, 2021 | edens lynn | 12.1% | 25,086,851 | SC 13D/A | |
| Jun 15, 2021 | edens wesley r | 23.0% | 47,540,925 | SC 13D/A | |
| May 12, 2021 | nfe smrs holdings llc | 16.8% | 34,701,279 | SC 13D/A |
Recent SEC filings of New Fortress Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 08, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report |
Peers (Alternatives to New Fortress Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CQP | - | 14.5B | 10.20% | 4.04% | - | - | 11.12% | 227.86% |
WMB | 40.7B | 11.5B | -3.41% | 6.29% | 15.34 | 3.54 | 7.16% | 69.50% |
ET | 40.6B | 80.8B | 5.71% | 20.91% | 8.97 | 1.48 | -1.23% | 0.82% |
KMI | 36.9B | 17.1B | -4.00% | -4.00% | 14.7 | 2.15 | -3.10% | 3.16% |
OKE | 29.5B | 19.2B | 1.74% | 14.73% | 12.14 | 1.54 | -10.28% | 54.38% |
| MID-CAP | ||||||||
NFE | 6.1B | 2.4B | 0.13% | -38.96% | 15.4 | 2.53 | 18.38% | 86.75% |
ENLC | 4.7B | 8.0B | 2.30% | 26.28% | 12.19 | 0.52 | -9.16% | 99.38% |
ETRN | 4.0B | 1.4B | -3.72% | 9.41% | -15.14 | 2.93 | 9.71% | 80.43% |
DKL | 2.0B | 1.1B | 5.20% | -15.54% | 13.01 | 1.9 | 42.53% | -0.22% |
DCP | - | 11.9B | 0.51% | 28.75% | - | - | -14.57% | 7.44% |
| SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 9.31% | 23.07% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -6.90% | -16.64% | - | - | -2.94% | 38.53% |
VTNR | 469.9M | 3.1B | 23.53% | -18.84% | 12.02 | 0.15 | 156.21% | 157.73% |
New Fortress Energy News
Returns for NFE
Cumulative Returns on NFE
-7.0%
3-Year Cumulative Returns
Risks for NFE
What is the probability of a big loss on NFE?
97.5%
Probability that New Fortress Energy stock will be more than 20% underwater in next one year
93.0%
Probability that New Fortress Energy stock will be more than 30% underwater in next one year.
62.3%
Probability that New Fortress Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NFE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if New Fortress Energy was unfortunately bought at previous high price.
Drawdowns
Financials for New Fortress Energy
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -1.0% | 2,418,775,000 | 2,442,285,000 | 2,368,272,000 | 2,470,534,000 | 2,043,260,000 | 1,682,244,000 | 1,322,810,000 | 819,875,000 | 652,077,000 | 522,804,000 | 451,650,000 | 375,706,000 | 288,504,000 | 233,704,000 | 189,125,000 | 150,742,000 | 129,510,000 | 116,543,000 | 112,301,000 | 107,909,333 | 105,016,000 |
| Operating Expenses | -13.3% | 46,660,000 | 53,845,000 | 63,518,000 | 82,886,000 | 77,869,000 | 74,641,000 | 51,677,000 | 30,701,000 | 15,400,000 | - | - | - | - | - | - | - | - | - | - | - | - |
| S&GA Expenses | 2.3% | 245,641,000 | 240,148,000 | 236,051,000 | 240,879,000 | 220,080,000 | 214,306,000 | 199,881,000 | 157,824,000 | 137,843,000 | 125,153,000 | 120,142,000 | 117,296,000 | 131,388,000 | 131,711,000 | 152,922,000 | 144,141,000 | 116,651,000 | 100,017,000 | 62,137,000 | 54,436,000 | 54,808,000 |
| EBITDA | -100.0% | - | 969,190,000 | 913,067,000 | 852,446,000 | 745,658,000 | 590,161,000 | 357,873,000 | 128,144,000 | 32,083,000 | -131,714,000 | -161,049,000 | -219,303,000 | -261,355,000 | -162,540,000 | -176,528,000 | -175,002,000 | -136,780,000 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.40 | 0.39 | 0.35 | 0.36 | 0.35 | 0.27 | 0.16 | 0.05 | -0.25 | -0.36 | -0.58 | -0.91 | -0.70 | -0.93 | -1.16 | -1.06 | - | - | - | - |
| Interest Expenses | 6.3% | 280,174,000 | 263,618,000 | 236,861,000 | 202,911,000 | 196,918,000 | 180,560,000 | 154,324,000 | 122,579,000 | 84,797,000 | 70,513,000 | 65,723,000 | 55,856,000 | 41,017,000 | 30,018,000 | 19,412,000 | 19,316,000 | 17,525,000 | 12,929,000 | 11,248,000 | 8,518,667 | 6,412,000 |
| Earnings Before Taxes | 4.5% | 588,043,000 | 562,847,000 | 533,566,000 | 512,799,000 | 416,603,000 | 272,380,000 | 90,729,000 | -72,529,000 | -109,103,000 | -239,239,000 | -259,148,000 | -299,731,000 | -319,385,000 | -204,061,000 | -203,880,000 | -201,112,000 | -159,999,000 | -127,466,000 | -78,520,000 | -57,360,000 | -59,290,000 |
| EBT Margin | -100.0% | - | 0.23 | 0.23 | 0.21 | 0.20 | 0.17 | 0.08 | -0.09 | -0.17 | -0.46 | -0.57 | -0.80 | -1.11 | -0.87 | -1.08 | -1.33 | -1.24 | - | - | - | - |
| Net Income | 268.2% | 396,789,000 | 107,776,000 | 194,479,000 | 284,121,000 | 212,467,000 | 380,498,000 | 97,104,000 | -50,879,000 | -77,431,000 | -242,284,000 | -262,998,000 | -270,511,000 | -240,876,000 | -80,475,000 | -33,809,000 | -61,195,000 | -68,081,000 | -80,720,000 | -78,076,000 | -57,796,000 | -59,476,000 |
| Net Income Margin | -100.0% | - | 0.04 | 0.08 | 0.11 | 0.10 | 0.22 | 0.07 | -0.07 | -0.12 | -0.40 | -0.40 | -0.50 | -0.55 | -0.12 | -0.18 | -0.41 | -0.53 | - | - | - | - |
| Free Cashflow | 100.0% | - | -1,107,186,000 | -818,897,000 | -710,403,000 | -508,677,000 | -466,621,000 | -584,578,000 | -621,246,000 | -453,492,000 | -367,948,000 | -282,561,000 | -392,467,000 | -462,641,000 | -551,392,000 | -611,312,000 | -558,757,000 | -494,631,000 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
| Assets | 11.1% | 9,135 | 8,224 | 7,705 | 7,441 | 7,251 | 7,366 | 6,876 | 6,665 | 6,392 | 1,832 | 1,908 | 1,400 | 1,422 | 1,489 | 1,124 | 1,148 | 1,057 | 1,117 | 699 |
| Current Assets | -38.2% | 714 | 1,154 | 1,387 | 1,045 | 737 | 606 | 585 | 616 | 476 | 548 | 762 | 281 | 345 | 415 | 211 | 317 | 319 | 432 | 154 |
| Cash Equivalents | -64.9% | 104 | 297 | 675 | 364 | 138 | 156 | 264 | 335 | 230 | 379 | 629 | 153 | 223 | 291 | 93.00 | 244 | 258 | 417 | 101 |
| Inventory | 67.8% | 128 | 77.00 | 39.00 | 63.00 | 72.00 | 54.00 | 37.00 | 82.00 | 61.00 | 28.00 | 23.00 | 19.00 | 51.00 | 29.00 | 63.00 | 29.00 | 20.00 | 27.00 | 16.00 |
| Goodwill | 0% | 777 | 777 | 777 | 778 | 778 | 760 | 760 | 740 | 749 | - | - | - | - | - | - | - | - | - | - |
| Liabilities | 12.0% | 7,584 | 6,774 | 6,263 | 5,439 | 5,179 | 5,048 | 4,882 | 4,781 | 4,390 | 1,541 | 1,533 | 1,301 | 1,271 | 1,175 | 736 | 727 | 590 | 607 | 417 |
| Current Liabilities | 48.1% | 2,068 | 1,396 | 1,409 | 571 | 596 | 578 | 563 | 768 | 635 | 196 | 191 | 222 | 250 | 152 | 102 | 599 | 574 | 595 | 405 |
| LT Debt, Current | -100.0% | - | 277 | 65.00 | 58.00 | 100 | 101 | 97.00 | 250 | 205 | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 2.3% | 5,064 | 4,952 | 4,477 | 4,397 | 4,052 | 3,837 | 3,758 | 3,598 | 3,326 | 1,240 | 1,240 | 980 | 950 | 945 | 619 | 113 | - | - | - |
| Shareholder's Equity | -3.0% | 1,406 | 1,449 | 1,290 | 1,847 | 2,073 | 2,318 | 1,994 | 1,884 | 2,002 | 291 | 375 | 99.00 | 150 | 314 | 387 | 420 | 467 | 509 | 283 |
| Retained Earnings | 51.5% | 291 | 192 | 62.00 | -2.05 | -63.89 | 106 | -132 | -283 | -273 | -267 | -229 | -229 | -192 | -55.43 | -45.82 | -38.48 | -31.76 | -25.57 | -158 |
| Additional Paid-In Capital | -0.8% | 1,039 | 1,048 | 1,170 | 1,802 | 1,869 | 1,889 | 1,924 | 1,913 | 1,932 | 551 | 595 | 325 | - | - | - | - | - | - | - |
| Shares Outstanding | 0.1% | 205 | 205 | 209 | 210 | 210 | 210 | 207 | 207 | 202 | 177 | 107 | 170 | 57.00 | 26.00 | 21.00 | 20.00 | 18.00 | 14.00 | - |
| Minority Interest | -3.9% | 145 | 151 | 152 | 155 | 187 | 204 | 202 | 228 | 240 | 6.00 | 8.00 | 8.00 | 7.00 | 243 | 303 | 335 | 388 | 433 | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 56.1% | 688 | 441 | 355 | 316 | 367 | 311 | 85.00 | -149 | -156 | -186 | -125 | -195 | -222 | -254 | -234 | -194 | -157 | -106 | -93.23 | -70.87 | -55.43 |
| Share Based Compensation | - | - | - | 30.00 | 47.00 | 35.00 | 36.00 | 37.00 | 7.00 | 8.00 | 8.00 | 9.00 | 12.00 | 18.00 | 25.00 | 41.00 | 36.00 | 28.00 | 19.00 | - | - | - |
| Cashflow From Investing | -182.6% | -1,008 | -356 | -82.73 | -438 | -884 | -2,372 | -2,273 | -2,073 | -1,893 | -191 | -157 | -196 | -239 | -296 | -376 | -367 | -340 | -279 | -184 | -149 | -152 |
| Cashflow From Financing | -3.2% | 318 | 328 | 322 | 193 | 499 | 1,902 | 1,817 | 2,402 | 2,058 | 466 | 819 | 301 | 428 | 425 | 603 | 738 | 674 | 675 | 260 | 154 | 134 |
| Dividend Payments | 0.5% | 729 | 725 | 99.00 | 99.00 | 95.00 | 95.00 | 89.00 | 82.00 | 75.00 | 51.00 | 34.00 | 17.00 | - | - | - | - | - | - | - | - | - |
| Buy Backs | -100.0% | - | 491 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NFE Income Statement
2023-06-30Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues | ||||
| Operating revenue | $ 494,619 | $ 497,240 | $ 996,307 | $ 897,315 |
| Vessel charter revenue | 65,840 | 75,134 | 142,364 | 167,554 |
| Other revenue | 886 | 12,481 | 1,805 | 25,104 |
| Total revenues | 561,345 | 584,855 | 1,140,476 | 1,089,973 |
| Operating expenses | ||||
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 225,768 | 272,401 | 410,706 | 480,699 |
| Vessel operating expenses | 11,443 | 18,628 | 24,734 | 41,592 |
| Operations and maintenance | 33,697 | 20,490 | 60,368 | 43,658 |
| Selling, general and administrative | 55,803 | 50,310 | 107,941 | 98,351 |
| Transaction and integration costs | 1,554 | 4,866 | 2,048 | 6,767 |
| Depreciation and amortization | 42,115 | 36,356 | 76,490 | 70,646 |
| Asset impairment expense | 0 | 48,109 | 0 | 48,109 |
| Total operating expenses | 370,380 | 451,160 | 682,287 | 789,822 |
| Operating income | 190,965 | 133,695 | 458,189 | 300,151 |
| Interest expense | 64,396 | 47,840 | 136,069 | 92,756 |
| Other (income) expense, net | (6,584) | (22,102) | 18,421 | (41,827) |
| Income before income from equity method investments and income taxes | 133,153 | 107,957 | 303,699 | 249,222 |
| Income (loss) from equity method investments | 2,269 | (372,927) | 12,249 | (322,692) |
| Tax provision (benefit) | 15,322 | (86,539) | 44,282 | (136,220) |
| Net income (loss) | 120,100 | (178,431) | 271,666 | 62,750 |
| Net (income) loss attributable to non-controlling interest | (852) | 8,666 | (2,212) | 5,754 |
| Net income (loss) attributable to stockholders | $ 119,248 | $ (169,765) | $ 269,454 | $ 68,504 |
| Net income (loss) per share - basic (in dollars per share) | $ 0.58 | $ (0.81) | $ 1.30 | $ 0.33 |
| Net income (loss) per share - diluted (in dollars per share) | $ 0.58 | $ (0.81) | $ 1.29 | $ 0.33 |
| Weighted average number of shares outstanding, basic (in shares) | 205,045,121 | 209,669,188 | 206,867,828 | 209,797,133 |
| Weighted average number of shares outstanding - diluted (in shares) | 205,711,467 | 209,669,188 | 207,534,174 | 209,810,647 |
| Other comprehensive income (loss): | ||||
| Net income (loss) | $ 120,100 | $ (178,431) | $ 271,666 | $ 62,750 |
| Currency translation adjustment | 16,908 | (39,703) | 19,049 | 81,127 |
| Comprehensive income (loss) | 137,008 | (218,134) | 290,715 | 143,877 |
| Comprehensive (income) loss attributable to non-controlling interest | (758) | 9,812 | (2,313) | 4,944 |
| Comprehensive income (loss) attributable to stockholders | $ 136,250 | $ (208,322) | $ 288,402 | $ 148,821 |
NFE Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 104,342 | $ 675,492 |
| Restricted cash | 100,513 | 165,396 |
| Receivables, net of allowances of $805 and $884, respectively | 275,292 | 280,313 |
| Inventory | 128,411 | 39,070 |
| Prepaid expenses and other current assets, net | 105,133 | 226,883 |
| Total current assets | 713,691 | 1,387,154 |
| Construction in progress | 4,593,132 | 2,418,608 |
| Property, plant and equipment, net | 2,161,930 | 2,116,727 |
| Equity method investments | 138,569 | 392,306 |
| Right-of-use assets | 504,299 | 377,877 |
| Intangible assets, net | 74,540 | 85,897 |
| Goodwill | 776,760 | 776,760 |
| Deferred tax assets, net | 8,074 | 8,074 |
| Other non-current assets, net | 164,244 | 141,679 |
| Total assets | 9,135,239 | 7,705,082 |
| Current liabilities | ||
| Current portion of long-term debt and short-term borrowings | 366,945 | 64,820 |
| Accounts payable | 602,759 | 80,387 |
| Accrued liabilities | 821,137 | 1,162,412 |
| Current lease liabilities | 133,431 | 48,741 |
| Other current liabilities | 143,598 | 52,878 |
| Total current liabilities | 2,067,870 | 1,409,238 |
| Long-term debt | 5,064,188 | 4,476,865 |
| Non-current lease liabilities | 349,331 | 302,121 |
| Deferred tax liabilities, net | 27,192 | 25,989 |
| Other long-term liabilities | 75,783 | 49,010 |
| Total liabilities | 7,584,364 | 6,263,223 |
| Commitments and contingencies (Note 19) | ||
| Stockholders’ equity | ||
| Class A common stock, $0.01 par value, 750 million shares authorized, 205.0 million issued and outstanding as of June 30, 2023; 208.8 million issued and outstanding as of December 31, 2022 | 2,050 | 2,088 |
| Additional paid-in capital | 1,039,201 | 1,170,254 |
| Retained earnings | 290,564 | 62,080 |
| Accumulated other comprehensive income | 74,346 | 55,398 |
| Total stockholders’ equity attributable to NFE | 1,406,161 | 1,289,820 |
| Non-controlling interest | 144,714 | 152,039 |
| Total stockholders’ equity | 1,550,875 | 1,441,859 |
| Total liabilities and stockholders’ equity | $ 9,135,239 | $ 7,705,082 |
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.