New Fortress Energy (NFE)
Market Price (6/15/2026): $0.52 | Market Cap: $148.6 MilSector: Energy | Industry: Oil & Gas Storage & Transportation
New Fortress Energy (NFE)
Market Price (6/15/2026): $0.52Market Cap: $148.6 MilSector: EnergyIndustry: Oil & Gas Storage & Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46% Megatrend and thematic driversMegatrends include Hydrogen Economy, and US Energy Independence. Themes include Green Hydrogen Production, Hydrogen Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -137%, 3Y Excs Rtn is -172% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Penny stockMkt Price is 0.5 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -275 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -22% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5821% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -41%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -18%, Rev Chg QQuarterly Revenue Change % is -52% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -99% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1407% High stock price volatilityVol 12M is 131% Key risksNFE key risks include [1] severe financial distress and a high probability of bankruptcy, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46% |
| Megatrend and thematic driversMegatrends include Hydrogen Economy, and US Energy Independence. Themes include Green Hydrogen Production, Hydrogen Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -137%, 3Y Excs Rtn is -172% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Penny stockMkt Price is 0.5 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -275 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -22% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 5821% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -41%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -18%, Rev Chg QQuarterly Revenue Change % is -52% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -99% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1407% |
| High stock price volatilityVol 12M is 131% |
| Key risksNFE key risks include [1] severe financial distress and a high probability of bankruptcy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
New Fortress Energy (NFE) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Significant Earnings Miss and Widening Losses in Q1 2026.
New Fortress Energy reported a substantial loss per share of -$1.18 for the first quarter of 2026, missing the consensus analyst estimate of -$0.7272 by 62.27%. The company's net loss for the quarter reached $399.95 million, a significant increase compared to a net loss of $178.18 million in the same period a year prior, highlighting deteriorating profitability.
2. Downward Revision of Adjusted EBITDA Guidance and Reduced Sales Volumes.
The company revised its adjusted EBITDA guidance downward from $2.4 billion to $2.0 billion, signaling a material reduction in expected profitability. This was compounded by lower revenues, driven by the absence of third-party LNG sales and a decrease in overall sales volumes, with only 20.1 TBtu sold against previous expectations.
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Stock Movement Drivers
Fundamental Drivers
The -53.2% change in NFE stock from 2/28/2026 to 6/14/2026 was primarily driven by a -33.1% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.09 | 0.51 | -53.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,774 | 1,260 | -29.0% |
| P/S Multiple | 0.2 | 0.1 | -33.1% |
| Shares Outstanding (Mil) | 281 | 286 | -1.6% |
| Cumulative Contribution | -53.2% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| NFE | -53.2% | |
| Market (SPY) | 8.4% | 33.8% |
| Sector (XLE) | 3.6% | 5.4% |
Fundamental Drivers
The -58.2% change in NFE stock from 11/30/2025 to 6/14/2026 was primarily driven by a -40.2% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.22 | 0.51 | -58.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,774 | 1,260 | -29.0% |
| P/S Multiple | 0.2 | 0.1 | -40.2% |
| Shares Outstanding (Mil) | 281 | 286 | -1.6% |
| Cumulative Contribution | -58.2% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| NFE | -58.2% | |
| Market (SPY) | 9.2% | 22.3% |
| Sector (XLE) | 29.2% | 10.3% |
Fundamental Drivers
The -79.5% change in NFE stock from 5/31/2025 to 6/14/2026 was primarily driven by a -57.1% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.49 | 0.51 | -79.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,359 | 1,260 | -46.6% |
| P/S Multiple | 0.3 | 0.1 | -57.1% |
| Shares Outstanding (Mil) | 255 | 286 | -10.7% |
| Cumulative Contribution | -79.5% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| NFE | -79.5% | |
| Market (SPY) | 27.3% | 11.0% |
| Sector (XLE) | 45.7% | 7.6% |
Fundamental Drivers
The -98.0% change in NFE stock from 5/31/2023 to 6/14/2026 was primarily driven by a -94.7% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.59 | 0.51 | -98.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,442 | 1,260 | -48.4% |
| P/S Multiple | 2.2 | 0.1 | -94.7% |
| Shares Outstanding (Mil) | 209 | 286 | -26.9% |
| Cumulative Contribution | -98.0% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| NFE | -98.0% | |
| Market (SPY) | 84.5% | 24.6% |
| Sector (XLE) | 65.7% | 25.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NFE Return | -54% | 77% | -2% | -59% | -92% | -54% | -99% |
| Peers Return | 36% | 36% | -1% | 60% | -1% | 21% | 248% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| NFE Win Rate | 17% | 50% | 50% | 25% | 8% | 33% | |
| Peers Win Rate | 67% | 59% | 55% | 65% | 53% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NFE Max Drawdown | -62% | -34% | -36% | -78% | -94% | -71% | |
| Peers Max Drawdown | -17% | -22% | -21% | -13% | -24% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LNG, EE, GLNG, SRE, WMB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | NFE | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.6% | -6.7% |
| % Gain to Breakeven | 52.9% | 7.1% |
| Time to Breakeven | 148 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.2% | -24.5% |
| % Gain to Breakeven | 25.3% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.1% | -33.7% |
| % Gain to Breakeven | 104.5% | 50.9% |
| Time to Breakeven | 107 days | 140 days |
In The Past
New Fortress Energy's stock fell -4.6% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 4.8% gain to breakeven.
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Asset Allocation
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| Event | NFE | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.6% | -6.7% |
| % Gain to Breakeven | 52.9% | 7.1% |
| Time to Breakeven | 148 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.2% | -24.5% |
| % Gain to Breakeven | 25.3% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.1% | -33.7% |
| % Gain to Breakeven | 104.5% | 50.9% |
| Time to Breakeven | 107 days | 140 days |
In The Past
New Fortress Energy's stock fell -4.6% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 4.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About New Fortress Energy (NFE)
AI Analysis | Feedback
Here are 1-3 brief analogies for New Fortress Energy:
- Think of an integrated energy major like Shell, but focused entirely on natural gas, building the entire supply chain from turning gas into LNG to generating electricity in specific regions.
- It's like Kinder Morgan (a major energy infrastructure company) for natural gas, but they also build and operate the power plants that use the gas.
AI Analysis | Feedback
- LNG Supply & Distribution: New Fortress Energy procures, liquefies, and delivers liquefied natural gas to various end-users.
- Gas-to-Power Infrastructure Development: The company develops and operates natural gas-fired power generation facilities and related energy infrastructure.
- LNG Shipping & Storage Solutions: New Fortress Energy leases floating storage and regasification units (FSRUs) and LNG carriers to customers.
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New Fortress Energy (NFE) - Major Customers
New Fortress Energy Inc. primarily sells its energy infrastructure, gas-to-power services, and LNG logistics solutions to other companies and large organizations, not directly to individual consumers. The provided background information does not list specific names of customer companies or their public symbols.
Based on its business description as an integrated gas-to-power infrastructure company operating LNG facilities and leasing LNG carriers, New Fortress Energy's major customers typically fall into the following categories:
- Utility Companies and Power Generators: These are entities that purchase natural gas or power from NFE's facilities to generate electricity for grids and distribute to their own customer base. NFE is involved in the "development of natural gas-fired power generation," indicating these companies as key partners or clients.
- Industrial and Commercial Enterprises: Large industrial and commercial users that require significant volumes of natural gas for their operations, particularly in the regions where NFE has its LNG storage, regasification, and micro-fuel handling facilities (e.g., Jamaica, Puerto Rico, Brazil, Mexico).
- Shipping, Logistics, and Other Energy Companies: Companies that lease New Fortress Energy's Floating Storage and Regasification Units (FSRUs) and Liquefied Natural Gas (LNG) carriers for their own supply chain management, transportation, and energy trading activities, under long-term or spot arrangements.
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- BP (BP)
- Petrobras (PBR)
- Chesapeake Energy (CHK)
- Baker Hughes (BKR)
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Wes Edens, Chief Executive Officer and Chairman of the Board
Wes Edens founded New Fortress Energy in 2014. He is also the co-founder and co-CEO of Fortress Investment Group, a global investment management firm, and was a member of its Management Committee since co-founding it in May 1998 to May 2024. Prior to co-founding Fortress, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he led BlackRock Asset Investors, a private equity fund. He was also formerly a partner and managing director of Lehman Brothers Holdings Inc. Mr. Edens has extensive private equity finance and management expertise and has been involved with various public companies. He is also a co-owner of the Milwaukee Bucks and Aston Villa Football Club sports franchises.
Christopher S. Guinta, Chief Financial Officer
Christopher S. Guinta has served as the Chief Financial Officer of New Fortress Energy since August 2018, and as CFO of New Fortress Energy Holdings since April 2017. Before joining NFE, he served as Chief Financial Officer of Ranger Offshore Inc. from November 2011 to April 2017.
Michael Lowe, Chief Accounting Officer
Michael Lowe became New Fortress Energy's Chief Accounting Officer on April 29, 2025. He has been a Senior Vice President of the company's accounting team since 2019, where he was responsible for all financial reporting and technical accounting matters. Prior to joining NFE, Mr. Lowe was a Director in PwC's Capital Markets and Accounting Advisory Services practice, providing advice to clients on capital markets transactions and complex accounting issues. He began his career with PwC in 2008.
Cameron D. MacDougall, Secretary
Cameron D. MacDougall serves as the Secretary of New Fortress Energy, Inc. He is also currently a Director at Shanghai Starcastle Senior Living Services Ltd. Mr. MacDougall previously held multiple leadership positions at other companies, including President, CEO, CFO, Secretary, Treasurer, and CAO at New Senior Investment Group, Inc. He also served as a Managing Director at Fortress Investment Group LLC and as General Counsel for Fortress Private Equity. Additionally, he was a Principal at Drive Shack, Inc. and Secretary at Rithm Capital Corp.
AI Analysis | Feedback
New Fortress Energy (NFE) faces several significant risks to its business operations and financial health. The most prominent challenges revolve around its substantial debt burden, project execution issues, and the potential for shareholder dilution arising from financial restructuring efforts. Here are the key risks:1. Substantial Debt Burden and Liquidity Crisis
New Fortress Energy is grappling with a significant debt load, reported to be around $9 billion, with a considerable portion (approximately $6.5 billion) maturing within the next year. This high level of indebtedness has led to constrained liquidity, increased interest expenses, and a high risk of default or even bankruptcy. The company has already defaulted on some payments and is actively engaged in negotiations with its creditors, including exploring debt restructuring through a UK scheme of arrangement. Analysts have downgraded NFE's credit rating, citing significant refinancing risks and liquidity concerns. The company's negative free cash flow further exacerbates its financial distress, as it struggles to generate sufficient cash to service its existing debt.2. Project Delays and Execution Risk
The company has experienced significant delays in bringing key projects online, notably its Fast LNG facilities, such as Fast LNG 1 in Mexico. These delays have negatively impacted NFE's financial performance, contributing to missed earnings targets, negative adjusted EBITDA, and substantial non-cash impairment charges. The capital-intensive nature of its integrated gas-to-power infrastructure projects means that delays can lead to increased costs and a deferral of anticipated revenues, further straining the company's leveraged balance sheet and hindering its ability to improve cash flow.3. Shareholder Dilution and Restructuring Impact
To address its debt and liquidity issues, New Fortress Energy has undertaken equity offerings and debt exchanges, and is actively pursuing various restructuring options. These measures, particularly potential restructuring scenarios, pose a significant risk of dilution for existing common shareholders. In such restructurings, creditors may receive preferred equity or take control of major corporate assets, which could prioritize creditor protection over the interests of common shareholders, potentially leading to a substantial reduction or even loss of their equity stakes.AI Analysis | Feedback
The rapid acceleration in the development and deployment of increasingly cost-effective renewable energy sources (such as solar and wind power) combined with advanced battery storage solutions poses a clear emerging threat to New Fortress Energy.
NFE's business model is centered on providing integrated gas-to-power infrastructure, leveraging natural gas as a transition fuel to displace dirtier traditional fossil fuels. However, as renewable energy and storage become cheaper and more reliable, they offer a direct, cleaner, and often more rapidly deployable alternative to new natural gas infrastructure and power generation, particularly in the island nations and developing economies where NFE frequently operates. This trend threatens to shorten the "transition" period for natural gas or allow markets to bypass it entirely, thereby diminishing the long-term demand for NFE's core offerings.
AI Analysis | Feedback
New Fortress Energy (NFE) operates within several significant addressable markets for its integrated gas-to-power infrastructure services and products.
Global and Regional Natural Gas/LNG Markets:
- The global liquefied natural gas (LNG) market was valued at approximately USD 122.60 billion in 2024 and is projected to reach USD 226.97 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.6% from 2025 to 2030.
- Global LNG demand reached an all-time high of 401 million tonnes (mt) in 2023, equivalent to 52.9 billion cubic feet per day (Bcf/d). Shell forecasts global LNG demand to increase by at least 54% by 2040, reaching between 650 million and 710 million tonnes per year.
- In **Brazil**, the natural gas market size reached USD 24.4 billion in 2025 and is expected to grow to USD 51.8 billion by 2034, with an 8.74% CAGR from 2026 to 2034. The liquefied natural gas market in Brazil specifically is projected to reach USD 524.3 million by 2030, growing at an 8.2% CAGR from 2021 to 2030.
- In **Mexico**, the natural gas market size was USD 13.53 billion in 2024 and is anticipated to reach USD 30.02 billion by 2033, demonstrating an 8.30% CAGR from 2025 to 2033.
- For **Jamaica**, natural gas consumption was 29.05 billion cubic feet in 2023.
- For **Puerto Rico**, LNG imports reached a new high of 82 billion cubic feet in 2023. New Fortress Energy has a deal to supply Puerto Rico with up to 75 TBtu/year of natural gas, with minimum take-or-pay volumes of 40-50 TBtu/year.
LNG-to-Power Generation Market:
- Globally, power generation represented the largest application segment within the liquefied natural gas market, accounting for a 47.90% revenue share in 2024. In Brazil, power generation was also identified as the largest and most lucrative application segment for the liquefied natural gas market in 2020.
Floating Storage and Regasification Units (FSRUs) Market:
- The global FSRU market was valued at USD 903.34 million in 2024 and is projected to grow to USD 1,783.33 million by 2033, with a CAGR of 7.85% during the forecast period. Another report indicates the global FSRU market size was USD 970.96 million in 2025 and is expected to reach USD 1,760.64 million by 2032, at a CAGR of 8.9%.
Liquefied Natural Gas (LNG) Carriers Market:
- The global LNG carrier market size was valued at USD 140.05 billion in 2024 and is projected to increase to USD 238.63 billion by 2033, with a CAGR of 6.1% from 2026 to 2033. Other estimates include a market size of USD 135.1 billion in 2023, projected to reach USD 244.8 billion by 2033 at a CAGR of 6.2%.
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New Fortress Energy (NFE) is poised for significant revenue growth over the next two to three years, driven by its strategic expansion in LNG production and infrastructure development across key markets.
Here are the primary expected drivers of future revenue growth:
-
Increased LNG Production and Vertical Integration via Fast LNG Fleet: New Fortress Energy is transitioning from an LNG distributor to a producer, significantly enhancing its vertical integration. The company's Fast LNG (FLNG) units are central to this strategy, aiming to increase self-sourced LNG supply, reduce procurement costs, and improve gross margins. The first Fast LNG unit, FLNG1, commenced production in Altamira, Mexico, in 2024. A second unit, FLNG2, is targeted to begin operations in the first half of 2027 at the same location. The full deployment of the Fast LNG suite is expected by mid-2025, adding 4 to 5 million tons per annum (MTPA) of supply.
-
Expansion of Brazilian Terminals and Power Generation Assets: Brazil represents a substantial growth market for NFE. The company's Barcarena and Santa Catarina terminals are fully commissioned and are anchoring local gas demand, feeding industrial clusters and power plants. NFE is actively expanding its power generation capacity in Brazil, including a 1.2 GW power complex at Barcarena with an expected commercial operations date (COD) in 2026, alongside an existing 630 MW development scheduled for COD in the third quarter of 2025. Furthermore, NFE acquired a 1.6 GW capacity reserve contract (PPA) in Brazil, which is projected to generate firm capacity payments of $280 million annually, with cash flows expected to commence no later than July 2026. The completion of these Brazilian contracts in mid-2026 is anticipated to materially boost revenue.
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Growth in Puerto Rico Operations and Strategic Market Entry: NFE is focusing on expanding its footprint in Puerto Rico through its subsidiary, Genera PR, which manages the island's thermal fleet. Plans include integrating additional natural gas capacity and battery storage to enhance grid reliability by late 2025. While requiring regulatory approval, proposed projects involve converting existing diesel-fueled units to natural gas, potentially increasing gas demand. Beyond Puerto Rico, NFE is executing a "hub-and-spoke" international model to rapidly enter new markets, particularly in Southeast Asia and the Caribbean, utilizing modular regasification units and aiming for deployment timelines under 12 months to expand its market access through both organic growth and strategic acquisitions.
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Share Issuance
- In October 2024, New Fortress Energy issued 46,349,942 shares of its Class A common stock at a public offering price of $8.63 per share, raising a total of $400 million.
- Wes Edens, the Chairman and CEO of New Fortress Energy, personally purchased approximately $50 million of shares in this October 2024 offering.
- The number of outstanding Class A shares increased from 273,771,811 as of February 28, 2025, to 284,552,811 as of November 14, 2025.
Inbound Investments
- Wes Edens, Chairman and CEO of New Fortress Energy, purchased approximately $50 million of Class A common stock in October 2024.
- Institutional investors and hedge funds collectively own 58.61% of the company's stock, with several firms increasing their positions during the first and second quarters of 2025.
Outbound Investments
- In 2025, New Fortress Energy completed the sale of its Jamaica Business, resulting in approximately $678.5 million in net cash proceeds and a recognized gain of $472.7 million.
Capital Expenditures
- Over the period of 2020–2023, New Fortress Energy allocated more than $5.0 billion in capital expenditure towards new projects.
- Capital expenditures are projected to decrease in 2024 and beyond, following the completion of an intensive investment program.
- In the third quarter of 2025, New Fortress Energy invested $105.7 million in capital expenditures.
- Restricted cash is primarily designated for capital expenditures in Brazil for projects such as CELBA and PortoCem.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.62 |
| Mkt Cap | 28.0 |
| Rev LTM | 6,639 |
| Op Inc LTM | 1,762 |
| FCF LTM | -85 |
| FCF 3Y Avg | -73 |
| CFO LTM | 2,668 |
| CFO 3Y Avg | 2,745 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.7% |
| Rev Chg 3Y Avg | -7.2% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | 6.2% |
| Op Inc Chg 3Y Avg | -0.2% |
| Op Mgn LTM | 23.5% |
| Op Mgn 3Y Avg | 22.7% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 31.7% |
| CFO/Rev 3Y Avg | 34.7% |
| FCF/Rev LTM | -18.5% |
| FCF/Rev 3Y Avg | -10.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 28.0 |
| P/S | 3.5 |
| P/Op Inc | 14.8 |
| P/EBIT | 13.7 |
| P/E | 31.2 |
| P/CFO | 10.6 |
| Total Yield | 4.9% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | -1.9% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.2% |
| 3M Rtn | -2.0% |
| 6M Rtn | 24.4% |
| 12M Rtn | 18.1% |
| 3Y Rtn | 70.7% |
| 1M Excs Rtn | -4.5% |
| 3M Excs Rtn | -14.0% |
| 6M Excs Rtn | 15.9% |
| 12M Excs Rtn | -5.7% |
| 3Y Excs Rtn | -4.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Terminals and Infrastructure | 1,385 | 2,042 | 2,141 | 2,169 | 1,366 |
| Ships | 119 | 171 | 294 | 445 | 330 |
| Consolidation and Other | 0 | 147 | -21 | -245 | -373 |
| Total | 1,504 | 2,359 | 2,413 | 2,368 | 1,323 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Terminals and Infrastructure | 10,468 | 12,349 | 9,681 | 5,914 | 4,775 |
| Ships | 88 | 574 | 820 | 1,791 | 2,101 |
| Consolidation and Other | 0 | 0 | 0 | 0 | |
| Total | 10,556 | 12,923 | 10,501 | 7,705 | 6,876 |
Price Behavior
| Market Price | $0.51 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 01/31/2019 | |
| Distance from 52W High | -88.8% | |
| 50 Days | 200 Days | |
| DMA Price | $0.64 | $1.24 |
| DMA Trend | down | down |
| Distance from DMA | -19.7% | -59.0% |
| 3M | 1YR | |
| Volatility | 95.4% | 130.9% |
| Downside Capture | 498.51 | 190.70 |
| Upside Capture | 39.78 | -59.10 |
| Correlation (SPY) | 37.6% | 10.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.27 | 0.81 | 2.22 | 1.55 | 1.14 | 1.69 |
| Up Beta | -8.29 | 1.12 | 0.56 | 0.26 | 1.04 | 1.72 |
| Down Beta | -1.54 | 2.51 | 4.45 | 2.60 | 2.71 | 2.74 |
| Up Capture | -174% | -0% | 47% | 43% | -27% | 2% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 17 | 28 | 51 | 105 | 340 |
| Down Capture | 193% | 110% | 352% | 228% | 146% | 112% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 24 | 35 | 70 | 139 | 402 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NFE | |
|---|---|---|---|---|
| NFE | -84.2% | 130.6% | -0.78 | - |
| Sector ETF (XLE) | 37.8% | 20.6% | 1.45 | 7.7% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 10.7% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 1.9% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -0.7% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 12.9% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 8.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NFE | |
|---|---|---|---|---|
| NFE | -57.3% | 89.6% | -0.50 | - |
| Sector ETF (XLE) | 20.1% | 26.0% | 0.70 | 30.3% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 29.4% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 4.0% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 19.0% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 22.3% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 12.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NFE | |
|---|---|---|---|---|
| NFE | -26.7% | 83.5% | -0.10 | - |
| Sector ETF (XLE) | 10.0% | 29.6% | 0.38 | 27.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 29.3% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 5.7% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 19.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 22.6% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 12.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/8/2025 | 0.0% | -1.4% | 69.3% |
| 6/18/2025 | 3.7% | 10.7% | 89.8% |
| 3/3/2025 | 7.9% | -0.7% | -16.2% |
| 11/7/2024 | -1.4% | -6.6% | 29.4% |
| 8/9/2024 | -23.6% | -20.7% | -40.1% |
| 5/8/2024 | 1.4% | 10.5% | -9.4% |
| 2/29/2024 | 11.0% | 6.0% | -3.1% |
| 11/8/2023 | 16.6% | 28.5% | 35.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 14 |
| # Negative | 8 | 10 | 6 |
| Median Positive | 5.8% | 11.9% | 11.5% |
| Median Negative | -4.2% | -6.0% | -18.3% |
| Max Positive | 27.4% | 28.5% | 89.8% |
| Max Negative | -23.6% | -20.7% | -40.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 04/13/2026 | 10-K |
| 09/30/2025 | 11/21/2025 | 10-Q |
| 06/30/2025 | 09/05/2025 | 10-Q |
| 03/31/2025 | 06/30/2025 | 10-Q |
| 12/31/2024 | 03/10/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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