New Fortress Energy | 10-Q: FY2026 Q1 Revenue: USD 226.95 M

Revenue: As of FY2026 Q1, the actual value is USD 226.95 M.EPS: As of FY2026 Q1, the actual value is USD -1.4.EBIT: As of FY2026 Q1, the actual value is USD -38.61 M.Consolidated Segment Operating MarginFor the three months ended March 31, 2026, Consolidated Segment Operating Margin was - $21,651 thousand.For the three months ended December 31, 2025, Consolidated Segment Operating Margin was $131,668 thousand.For the three months ended March 31, 2025, Consolidated Segment Operating Margin was $107,789 thousand.Terminals and Infrastructure SegmentTotal Revenues:Three Months Ended March 31, 2026: $219,681 thousand.Three Months Ended December 31, 2025: $379,067 thousand.Three Months Ended March 31, 2025: $433,673 thousand.Cost of Sales (exclusive of depreciation and amortization):Three Months Ended March 31, 2026: $199,685 thousand.Three Months Ended December 31, 2025: $211,157 thousand.Three Months Ended March 31, 2025: $302,377 thousand.Vessel Operating Expenses:Three Months Ended March 31, 2026: $654 thousand.Three Months Ended December 31, 2025: $690 thousand.Three Months Ended March 31, 2025: - $0 thousand.Operations and Maintenance:Three Months Ended March 31, 2026: $48,265 thousand.Three Months Ended December 31, 2025: $48,866 thousand.Three Months Ended March 31, 2025: $54,940 thousand.Segment Operating Margin:Three Months Ended March 31, 2026: - $28,923 thousand.Three Months Ended December 31, 2025: $118,354 thousand.Three Months Ended March 31, 2025: $76,356 thousand.Total Assets:As of March 31, 2026: $10,308,215 thousand.As of March 31, 2025: $12,528,205 thousand.Capital Expenditures:Three Months Ended March 31, 2026: $143,103 thousand.Three Months Ended March 31, 2025: $324,138 thousand.Ships SegmentTotal Revenues:Three Months Ended March 31, 2026: $7,272 thousand.Three Months Ended December 31, 2025: $16,677 thousand.Three Months Ended March 31, 2025: $38,609 thousand.Vessel Operating Expenses:Three Months Ended March 31, 2026: - $0 thousand.Three Months Ended December 31, 2025: $3,363 thousand.Three Months Ended March 31, 2025: $7,176 thousand.Segment Operating Margin:Three Months Ended March 31, 2026: $7,272 thousand.Three Months Ended December 31, 2025: $13,314 thousand.Three Months Ended March 31, 2025: $31,433 thousand.Total Assets:As of March 31, 2026: $86,123 thousand.As of March 31, 2025: $554,186 thousand.Capital Expenditures:Three Months Ended March 31, 2026: - $0 thousand.Three Months Ended March 31, 2025: - $0 thousand.Consolidated Operational MetricsNet Loss:Three Months Ended March 31, 2026: - $400,604 thousand.Three Months Ended March 31, 2025: - $175,426 thousand.Operating Loss:Three Months Ended March 31, 2026: - $225,375 thousand.Three Months Ended March 31, 2025: - $12,519 thousand.Total Revenues:Three Months Ended March 31, 2026: $226,953 thousand.Three Months Ended March 31, 2025: $472,282 thousand.Total Operating Expenses:Three Months Ended March 31, 2026: $452,328 thousand.Three Months Ended March 31, 2025: $484,801 thousand.Cost of Sales:Three Months Ended March 31, 2026: $199,685 thousand.Three Months Ended March 31, 2025: $302,377 thousand.Selling, General and Administrative:Three Months Ended March 31, 2026: $47,494 thousand.Three Months Ended March 31, 2025: $51,820 thousand.Transaction and Integration Costs:Three Months Ended March 31, 2026: $53,284 thousand.Three Months Ended March 31, 2025: $11,931 thousand.Depreciation and Amortization:Three Months Ended March 31, 2026: $41,082 thousand.Three Months Ended March 31, 2025: $56,311 thousand.Asset Impairment Expense:Three Months Ended March 31, 2026: $61,864 thousand.Three Months Ended March 31, 2025: $246 thousand.Interest Expense:Three Months Ended March 31, 2026: $186,880 thousand.Three Months Ended March 31, 2025: $200,309 thousand.Other (Income) Expense, Net:Three Months Ended March 31, 2026: - $43,192 thousand.Three Months Ended March 31, 2025: - $63,937 thousand.Tax Provision:Three Months Ended March 31, 2026: $31,541 thousand.Three Months Ended March 31, 2025: $26,068 thousand.Cash FlowNet Cash Used in Operating Activities:Three Months Ended March 31, 2026: - $118,902 thousand.Three Months Ended March 31, 2025: - $7,237 thousand.Net Cash Used in Investing Activities:Three Months Ended March 31, 2026: - $43,566 thousand.Three Months Ended March 31, 2025: - $250,542 thousand.Net Cash (Used in) Provided by Financing Activities:Three Months Ended March 31, 2026: - $11,008 thousand.Three Months Ended March 31, 2025: $94,615 thousand.Unique Metrics and Operational HighlightsLNG Cargo Sales (Operating Revenue):Three Months Ended March 31, 2026: $43,927 thousand.Three Months Ended March 31, 2025: $182,731 thousand.Contract Novation Income:Three Months Ended March 31, 2026: $943 thousand.Three Months Ended March 31, 2025: $1,746 thousand.Operation and Maintenance Revenue:Three Months Ended March 31, 2026: $29,453 thousand.Three Months Ended March 31, 2025: $28,770 thousand.Volumes Delivered to Downstream Customers (Terminals and Infrastructure):Three Months Ended March 31, 2026: 6.9 TBtu.Three Months Ended March 31, 2025: 13.8 TBtu (due to Jamaica business sale).Henry Hub Index Pricing: Increased by 42% for Q1 2026 compared to Q4 2025, and by 38% for Q1 2026 compared to Q1 2025 for invoicing downstream customers.Weighted Average Cost of Gas Purchased: Increased from $8.58 per MMBtu in Q4 2025 to $9.23 per MMBtu in Q1 2026.Future Outlook and StrategyNew Fortress Energy Inc. is undertaking a Restructuring Transaction to separate into two independent entities, BrazilCo and CoreCo, aiming to significantly reduce CoreCo’s outstanding debt and annual interest expense while focusing on operational efficiency and cost-effective completion of development projects to return to profitability. CoreCo expects to meet LNG demand under long-term supply contracts starting in 2027 and 2029, and does not plan significant capital expenditures for the second Fast LNG unit (FLNG 2), instead seeking third-party co-development with an estimated remaining cost of $750 million to $1.5 billion. Key facility timelines include the Santa Catarina Facility lease beginning August 2026, the Barcarena Power Plant and PortoCem Power Plant completion in Q2 2026 and 2026 respectively, and the Puerto Sandino Facility terminal construction and commissioning by the first half of 2027.