NFE · New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock

Summary

FY2025 delivered catastrophic losses with revenue down 36% to $1.5B and net loss expanding to -$1.8B amid lower volumes and operational challenges, while operating cash flow turned negative at -$583M reflecting intensified cash burn pressures.

Key takeaways

• Operating income swung to -$1.1B loss from $539M profit (-308% YoY), yielding -74.5% operating margin due to cost pressures exceeding revenue drop.
• Net loss widened to -$1.8B (-656% YoY) with diluted EPS at -$6.63 versus -$1.25, reflecting broader profitability deterioration.
• Operating cash flow reversed to -$583M from +$587M prior year, signaling operational cash consumption amid lower activity levels.
• Capital expenditures fell to $651M from $2.6B, contributing to free cash flow of -$1.2B as investments moderated but cash burn persisted.
• Management focuses future business on operational efficiency of remaining facilities and cost-effective completion of in-process projects to return to profitability.