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NEW FORTRESS ENERGY INC.

(NFE)
  Report
Real-time Estimate Cboe BZX  -  03:30 2022-12-09 pm EST
44.69 USD   -1.62%
11/22New Fortress Energy Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K)
AQ
11/22New Fortress finalizes deal to develop Lakach gas project in Mexico
RE
11/22New Fortress finalizes deal for Mexico's Lakach gas project
RE
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New Fortress Energy : Fast LNG Update

03/31/2022 | 05:32pm EST

April 2022

Fast LNG Update

We've made significant progress on Fast LNG since last year

(i) Internal management estimates

Announced FID(1) on Fast LNG

  • We saw a significant need for additional market volumes of LNG to serve our customers

  • Traveled extensively around the world & spoke to numerous potential gas source partners

Announced Eni(2) partnership in Congo

  • 20-year partnership with one of world's premier energy producers with existing portfolio of liquefiers

  • First of potential series of offshore liquefiers for NFE in a tolling relationship

Announced MARAD(3) filing for 2.8 MTPA offshore liquefier in Louisiana

  • First ever offshore liquefaction facility in the US - cheaper, cleaner & faster than onshore facilities

  • Provides market volumes at a time when world is significantly short gas(i)

Our business model focuses on two primary uses for Fast LNG

Provides long-term stable cash flows

20-year commitment to provide & operate infrastructure for high-credit quality counterparties

results in balanced portfolio

Our goal is to build a virtual Fast LNG "factory"

Factory-built approach allows speed and scalability

Positions us to be one of the world's largest offshore liquefaction companies

Addition of Fast LNG creates a fully integrated business model(6)

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

New Fortress Energy LLC published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 21:30:28 UTC.


ę Publicnow 2022
All news about NEW FORTRESS ENERGY INC.
11/22New Fortress Energy Inc. : Entry into a Material Definitive Agreement, Regulation FD Discl..
AQ
11/22New Fortress finalizes deal to develop Lakach gas project in Mexico
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11/22New Fortress finalizes deal for Mexico's Lakach gas project
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11/22NFE Finalizes Agreements with Pemex to Complete Lakach Offshore Gas Field, Deploy FLNG ..
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11/22New Fortress Energy Inc. Finalizes Agreements with Pemex to Complete Lakach Offshore Ga..
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11/16New Fortress to sign deal for Mexico's Lakach gas project next week -CFO
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11/16New Fortress Energy Reportedly Expects to Sign Deal for Lakach LNG Project Soon
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11/08New Fortress Energy underperforms, but claims pole position for LNG
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Analyst Recommendations on NEW FORTRESS ENERGY INC.
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Financials (USD)
Sales 2022 2 418 M - -
Net income 2022 582 M - -
Net Debt 2022 3 481 M - -
P/E ratio 2022 23,2x
Yield 2022 0,95%
Capitalization 9 482 M 9 482 M -
EV / Sales 2022 5,36x
EV / Sales 2023 3,88x
Nbr of Employees 671
Free-Float 46,7%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 45,42 $
Average target price 69,33 $
Spread / Average Target 52,6%
EPS Revisions
Managers and Directors
Wesley Robert Edens Chairman & Chief Executive Officer
Christopher S. Guinta Chief Financial Officer
John Joseph Mack Independent Director
Desmond Iain Catterall Independent Director
David J. Grain Independent Director
Sector and Competitors