Sep. 12 at 9:12 AM
$NFE Q2 2025: a net loss across the board, with every business segment underperforming. The company added insult to injury by requesting an extension to file its quarterly report, which earned it a Nasdaq delinquency notice. To stem the bleeding, New Fortress is offloading its Jamaica assets to Excelerate Energy for ~
$1.06B, a debt-trimming maneuver. The balance sheet remains heavy, with long-term debt near ~
$8.9B. Margins are poor, operational performance is weak across segments, & a loss on clearing debt underscores the fragility. Reporting delays raise disclosure risk.