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New Fortress Energy Inc (Fortress Energy) is an integrated gas-to-power company. The company provides energy infrastructure, logistics and natural gas-fueled energy solutions. Fortress Energy owns and operates liquefied natural gas (LNG) terminals, natural gas logistics infrastructure, power generation and combined heat and power, boiler conversion, and power generation facilities. Its products and services cater to pharmaceuticals, manufacturers, and food and beverage companies. The company operates in Brazil, the US, Caribbean, and the UK, among others. Fortress Energy is headquartered in New York, the US.
Headquarters
United States of America
Address
111 West 19th Street, New York City, 10011-4115
Website
www.newfortressenergy.com
Telephone
1 516 2687400
No of Employees
699
Industry
Energy and Utilities
Ticker Symbol & Exchange
NFE (NASD)
Revenue (2024)
$1.5B
-36.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-634%
(2024 vs 2023)
Market Cap*
$94.2M
Net Profit Margin (2024)
XYZ
-1,051.0%
(2024 vs 2023)
* As of and is in US$
New Fortress Energy Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Power Generation |
| Combined Heat and Power Solutions |
| LNG Supply and Logistics |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In September, the company signed an agreement with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the supply of liquefied natural gas to Puerto Rico. |
| 2025 | Others | In July, the company canceled its US$20 billion liquefied natural gas contract with Puerto Rico. |
| 2025 | Contracts/Agreements | In July, the company signed a 5-year contract with the Egyptian Natural Gas Holding Company for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit. |
Competitor Comparison
| Key Parameters | New Fortress Energy Inc | Cheniere Energy Inc | Excelerate Energy Inc | Golar LNG Ltd | Cameron LNG LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Bermuda | United States of America |
| City | New York City | Houston | The Woodlands | Hamilton | Houston |
| State/Province | New York | Texas | Texas | - | Texas |
| No. of Employees | 699 | 1,717 | 348 | 500 | 200 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wesley R. Edens | Chief Executive Officer; Chairman | Executive Board | 2018 | - |
| Christopher S. Guinta | Chief Financial Officer | Senior Management | 2018 | - |
| Frederick W. Hundt | Chief Accounting Officer | Senior Management | - | - |
| Desmond Iain Catterall | Director | Non Executive Board | 2019 | - |
| C. William Griffin | Director | Non Executive Board | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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