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New Fortress Energy Inc. (NFE) is a global energy infrastructure company focused on providing reliable, affordable, and clean energy solutions. The company engages in the supply and liquefaction of natural gas and LNG, operating a network of infrastructure and logistics assets to deliver turnkey energy solutions worldwide. NFE sells LNG and natural gas, leveraging its infrastructure to support energy transitions and enhance global energy security.
- Terminals and Infrastructure - Develops and operates natural gas and LNG infrastructure, including liquefaction and storage facilities, to supply energy to power plants and customers globally.
- Ships - Leases, owns, or operates a fleet of regasification units and LNG carriers, facilitating the transportation and storage of LNG across various markets.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Wesley R. Edens ExecutiveBoard | CEO & Chairman of the Board | Member of the Board of Directors of Fortress Investment Group LLC | Founder of NFE; leads the company in addressing energy poverty and clean energy transition; extensive experience in private equity and finance. | |
Christopher S. Guinta Executive | Chief Financial Officer | None | CFO of NFE since 2018; previously CFO of New Fortress Energy Holdings and Ranger Offshore Inc.; background in investment banking and private equity. | |
Yunyoung Shin Executive | Chief Accounting Officer | None | CAO of NFE since 2019; previously at Fortress and KPMG LLP; expertise in accounting, financial reporting, and energy industry advisory. | |
C. William Griffin Board | Director | Executive Chairman of ServiceMac | Director at NFE since 2019; extensive experience in financial services and mortgage sub-servicing; currently leads ServiceMac. | |
David J. Grain Board | Director | CEO of Grain Management, LLC; Board member at The Southern Company and Dell Technologies; Trustee of Brookings Institution | Director at NFE since 2019; founder of Grain Management, a private equity firm; serves on multiple boards and advisory councils. | |
Desmond Iain Catterall Board | Director | Principal and CEO of Kirkham Capital | Director at NFE since 2019; extensive experience in investment management, equities, and private equity; previously Head of Equities at Rand Merchant Bank. | |
John J. Mack Board | Director | Senior Advisor to Morgan Stanley | Director at NFE since 2019; former Chairman and CEO of Morgan Stanley; significant leadership experience in global financial institutions. | |
Katherine E. Wanner Board | Director | Founding Partner at Fairway Capital Management | Director at NFE since 2019; extensive experience in private equity and venture capital; founding partner of Fairway Capital Management. | |
Randal A. Nardone Board | Director | Director of Eurocastle Investment Limited | Director at NFE since 2018; co-founder of Fortress Investment Group; extensive experience in private equity, law, and financial management. | |
Timothy W. Jay Board | Director | None | Director at NFE since 2023; former Head of Government Bond Sales at CRT Capital Group; extensive experience in financial markets and U.S. Treasury advisory. |
- Regarding the potential sale of your Jamaica assets, which generate approximately $125 million in annual EBITDA, how do you anticipate this divestiture will impact your overall EBITDA guidance and the timeline for your deleveraging plans?
- Could you provide more detail on the status and expected timing of the FEMA claim resolution, and how confident are you in the projected $425 million cash inflow for 2025, especially since it's excluded from your current EBITDA guidance?
- With respect to your LNG hedging strategy, can you quantify the portion of your excess volumes that have been hedged versus those exposed to spot market prices, and how might fluctuations in TTF prices impact your profitability and cash flows?
- In participating in Brazil's upcoming power auctions, how are you balancing the goal of minimizing CapEx and avoiding building assets on your balance sheet with the need to secure turbines and ensure timely project execution amid potential supply chain constraints?
- Given that some of your contracts in Puerto Rico are short-term and linked to diesel prices, what risks do you foresee in renewing these contracts under less favorable terms, and how might transitioning to Henry Hub-based pricing affect your margins and strategic position in that market?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Usina Termeletrica de Lins S.A. (Lins) | 2024 | The acquisition involved buying 100% of Lins’ equity with a $2,000 cash payment plus up to $18,500 in contingent payments (fair value of $8,080), aimed at developing a 2.05 GW combined cycle gas-fired power plant, with the deal structured as an asset acquisition that recorded no goodwill and included a deferred tax liability of $4,163. |
PortoCem Geração de Energia S.A. (PortoCem) | 2024 | Completed on March 20, 2024, the deal was structured through the issuance of 96,746 Series A Convertible Preferred Stock and the assumption of existing indebtedness to acquire a 15-year, 1.6 GW capacity reserve contract valued at $162,860 (including a deferred tax liability of $37,662), with planned energy delivery starting in July 2026 and detailed preferred stock terms. |
No recent press releases or 8-K filings found for NFE.