Short answer
New Fortress Energy Inc. (NFE) filed its Q3 2025 10-Q quarterly report on Nov 21, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $240M (down 46.1% year over year) with net income of −$300M.
Q3 2025 key financials · XBRL
- Revenue
- $240M
- −46.1% YoY · +5.8% QoQ
- Net income
- −$300M
- −3786.0% YoY · +46.0% QoQ
- Operating margin
- -43.1%
- EPS (diluted)
- −$1.06
- −3633.3% YoY · +47.8% QoQ
Source: XBRL data from the New Fortress Energy Inc. (NFE) Q3 2025 10-Q on SEC EDGAR. USD.
New Fortress Energy Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Operating losses and negative operating cash flows during first three quarters of 2025, with decline accelerating in Q2 2025
- Jamaica Business sale generated approximately $678M net cash proceeds, with additional $99M held in escrow
- Liquidity concerns: $510.9M 2026 Notes, $660.4M revolver loans, and $1.27B Term Loan B outstanding
- $163.8M New 2029 Notes interest payment missed November 17, 2025; forbearance agreement expires December 15, 2025
- Management evaluating asset sales, capital raising, debt amendments, refinancing, and potential restructuring due to going-concern uncertainty
Risk Factors
- New labor-cost risk: skilled-worker shortages and jurisdiction-specific labor laws could raise wages, benefits, and operating costs
- Regulatory risk: Brazil crewing requirements could disrupt vessel operations if qualified local personnel remain unavailable
- Political risk: Puerto Rico counterparties may purchase substantially less natural gas than currently expected
- Foreign-exchange risk: euro, Mexican peso, and Brazilian real volatility could reduce margins and reported cash flows
- Equity risk: Founder Entities and Energy Transition Holdings LLC control approximately 41.8% of voting power combined
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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