New Fortress Energy posts quarterly loss as all segments show weak performance

Reuters

Wed, May 14, 2025, 1:23 PM 1 min read

(Reuters) - U.S. LNG steadfast New Fortress Energy posted a nonaccomplishment successful the archetypal 4th connected Wednesday, wounded by anemic show crossed some its segments of ships, and terminals and infrastructure, sending the shares down astir 19% successful extended trading.

At NFE's terminals and infrastructure unit, operating borderline declined 78.7% to $74.6 cardinal during the quarter.

Operating borderline astatine the ships conception fell to $31.4 cardinal during the January-March period, from $34.2 cardinal a twelvemonth earlier.

The New York-based institution reported a nett nonaccomplishment of $197.4 million, oregon 73 cents per stock successful the 4th ended March 31, compared with a nett income of $56.7 million, oregon 26 cents per share, a twelvemonth earlier.

(Reporting by Pooja Menon successful Bengaluru; Editing by Leroy Leo)