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. The company operates in Brazil, the US, Jamaica and Ireland among others. Fortress Energy is headquartered in New York, the US.
Headquarters
United States of America
Address
111 W 19th St, New York, 10011-4115
Website
www.newfortressenergy.com
Telephone
1 516 2687400
No of Employees
677
Industry
Energy and Utilities
Ticker Symbol & Exchange
NFE (NASD)
Revenue (2022)
$2.4B
1.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
181.7%
(2022 vs 2021)
Market Cap*
$5.8B
Net Profit Margin (2022)
XYZ
176.5%
(2022 vs 2021)
* As of and is in US$
New Fortress Energy Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Power Generation and Combined Heat and Power Solutions |
| LNG Supply and Logistics |
| Boiler Conversion Solutions |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In March, the company acquired 1.6 GW, 15-year contracted power asset in Brazil. |
| 2024 | Contracts/Agreements | In March, the company signed a new island-wide 80 TBtu gas supply contract with PREPA for the continuous gas supply to these power plants for up to four years. |
| 2024 | Asset Disposal | In March, the company sold the emergency power plants in San Juan and Palo Seco to PREPA for US$373 million. |
Competitor Comparison
| Key Parameters | New Fortress Energy Inc | ConocoPhillips | Cheniere Energy Inc | Hess Corp | Cameron LNG LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York | Houston | Houston | New York | Houston |
| State/Province | New York | Texas | Texas | New York | Texas |
| No. of Employees | 677 | 9,900 | 1,605 | 1,756 | - |
| 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 | 61 |
| Christopher S. Guinta | Chief Financial Officer | Senior Management | 2018 | 40 |
| Yunyoung Shin | Chief Accounting Officer | Senior Management | 2019 | 45 |
| Randal A. Nardone | Director | Non Executive Board | 2018 | 67 |
| Katherine E. Wanner | Director | Non Executive Board | 2019 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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