Company Overview
New Fortress Energy Inc. operates as an integrated gas-to-power energy infrastructure company that delivers energy solutions and development services to a global clientele. The firm functions within the Energy sector, specifically classified under the Oil & Gas Midstream industry, which involves the transportation, storage, and processing of hydrocarbons rather than upstream extraction. As of the latest data, the company maintains a market capitalization of $201.95M, reports annual revenue of $1.77B, and employs a workforce of 722 individuals. These financial metrics indicate that while the company generates substantial gross revenue in the midstream space, its market valuation suggests a distinct position relative to larger peers, potentially reflecting specific operational challenges or segment-specific dynamics within its Terminals, Infrastructure, and Ships segments.
Financial Health
The company reported total revenue of $1.77B over the trailing twelve months, yet recorded a net income of -$1,317,192,960, highlighting a severe disparity between top-line generation and bottom-line profitability. This massive gap between revenue and net income reveals a cost structure where operating expenses, interest costs, or asset depreciation significantly outweigh earnings before interest and taxes, resulting in an EBITDA of $296.03M. The free cash flow stands at -$2,088,385,408, indicating that the company is currently burning cash rather than generating liquidity, which severely limits its financial flexibility and ability to fund capital expenditures or debt service without external financing. Margin analysis shows a gross margin of 37.5%, suggesting that the core production or service delivery retains a significant portion of revenue before operating costs, but this is negated by an operating margin of -22.0% and a profit margin of -73.4%, indicating high operational inefficiencies or heavy overhead burdens. The balance sheet is highly leveraged, evidenced by total debt of $9.31B compared to cash holdings of $145.24M, resulting in a debt-to-equity ratio of 827.97. This extreme leverage implies that the company relies heavily on creditor financing and faces substantial interest obligations that could strain solvency if revenue streams fluctuate. Liquidity is constrained further by a current ratio of 0.17, which signifies that current assets are insufficient to cover current liabilities, raising immediate concerns about short-term solvency. Return metrics reveal a return on equity of -87.3% and a return on assets of 0.4%, demonstrating that management has been ineffective at generating value for shareholders or utilizing the asset base productively, as equity is being eroded rapidly.
Valuation Assessment
The valuation metrics present a complex picture, with a trailing P/E ratio listed as N/A due to negative earnings and a forward P/E of -0.31, which implies that the market is pricing in a scenario where future earnings are expected to remain negative or turn positive very slowly. The price-to-book ratio is 0.20, indicating that the stock trades at a significant discount to its book value, which often signals a deep undervaluation or, conversely, that the asset base is impaired or not performing as expected by the market. Alternative valuation measures include a price-to-sales ratio of 0.11 and an EV/EBITDA of 32.07, suggesting that the market is willing to pay a premium relative to earnings but a very low multiple relative to sales, potentially reflecting high risk or cyclical downturn expectations. Regarding trading range, the stock has a 52-week high of $12.59 and a 52-week low of $0.68; without a specific current price provided in the facts, the valuation context relies heavily on the extreme volatility between these bounds. The beta value is 1.02, which means the stock's price volatility is slightly higher than the broader market average, indicating that price movements will likely track or slightly exceed the S&P 500's fluctuations during market swings.
Growth & Income
Revenue growth year-over-year is -42.1%, while earnings growth is N/A due to the lack of positive earnings data to calculate a growth rate. The contraction in revenue suggests that the company is currently losing market share, facing lower demand, or exiting projects, and since earnings are negative, a comparison of earnings growth versus revenue growth is not mathematically possible in the traditional sense, though the revenue decline is the primary driver of current financial distress. The company does not pay a dividend, as indicated by a dividend yield of N/A and a payout ratio of 0.0%, meaning it retains all available cash flow (which is currently negative) rather than distributing income to shareholders. Consequently, the overall growth and income profile is characterized by significant revenue contraction and a complete absence of income distribution, reflecting a company in a challenging operational phase rather than a growth or yield vehicle.