ETF Movers on Friday: LIT and TPYP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Source: NASDAQ.COM
ETF Performance: The Tortoise North American Pipeline Fund ETF is underperforming, down approximately 0.8% in Friday afternoon trading.
Weakest Components: Key components contributing to the ETF's decline include Targa Resources and New Fortress Energy, both down about 2% on the day.
Market Context: The article mentions the broader context of ETF movements, highlighting other ETFs like LIT and TPYP.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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Analyst Views on NFE
Wall Street analysts forecast NFE stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 0.577
Low
1.00
Averages
1.00
High
1.00
Current: 0.577
Low
1.00
Averages
1.00
High
1.00
About NFE
New Fortress Energy Inc. is a global energy infrastructure company. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to global markets. Its segments include Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment includes the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities and conversion or development of natural gas-fired power generation. The Company sources LNG from long-term supply agreements with third-party suppliers. The Terminals and Infrastructure segment includes all terminal operations in Puerto Rico, Mexico and Brazil, as well as vessels utilized in its terminal or logistics operations. The Ships segment includes certain vessels which are chartered under long-term arrangements to third parties and are part of the Energos Formation Transaction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Stocks Decline as NYSE Energy Sector Index Falls 1.9%
- Market Weakness: Energy stocks were lower on Tuesday afternoon, with the NYSE Energy Sector Index dropping 1.9%, indicating market concerns over energy demand prospects, which may lead to decreased investor confidence.
- Investor Sentiment Impact: The decline in energy stocks, driven by expectations of a global economic slowdown, could affect the financing capabilities and shareholder returns of related companies, thereby impacting overall market performance.
- Increased Sector Volatility: The drop in the energy sector may prompt investors to reassess other related industries, particularly in the context of fluctuating oil and gas prices, potentially leading to a shift of funds towards more stable investment areas.
- Uncertain Future Outlook: As concerns over energy demand intensify, investors may adopt a more cautious approach, resulting in further volatility in energy stocks in the short term, which could affect the formulation of long-term investment strategies.
See More
NEW FORTRESS ENERGY INC - FOURTEENTH AMENDMENT RELIEVES SOME CURRENT DEFAULT EVENTS - SEC FILING
New Amendment Overview: The Fourteenth Amendment has been introduced to waive certain existing events related to default-sec filing.
Impact on Default Events: This amendment aims to address and potentially alleviate the consequences of specific default events in the context of securities filings.
See More
Goldman Sachs Predicts LNG Market Disruption Through 2027
- Market Disruption: Goldman Sachs anticipates that the liquefied natural gas (LNG) market will remain disrupted through 2027 due to the U.S.-Iran war, with Qatar's LNG export capacity reduced by 17% from Iranian attacks, impacting about 3% of global LNG supply.
- Earnings Upgrade: Goldman raised Venture Global's EBITDA estimates for 2026 through 2028 by 62% on average, maintaining a buy rating with a price target of $18.50, indicating a 17% upside from Monday's close, reflecting the company's strong leverage to rising global gas prices.
- Investment Potential: Cheniere Energy is also favored by Goldman, receiving a buy rating and a price target of $312, suggesting nearly a 9% gain from Monday's close, as its capital allocation strategy positions it well for significant stock buybacks in Q3 and Q4 of 2025.
- Risk Factors: Despite the upward revisions in earnings estimates across the LNG sector, Goldman cautions that significant commodity price volatility and uncertainty in energy markets pose risks to the growth outlook for Venture Global, Cheniere Energy, and Golar LNG.
See More
U.S. Government Reaches $1 Billion Deal with TotalEnergies
- Agreement Details: The U.S. government has agreed to pay TotalEnergies $1 billion to shelve offshore wind projects on the East Coast, redirecting funds towards U.S. LNG production, indicating a reassessment of renewable energy initiatives by the administration.
- Investment Redirection: TotalEnergies has committed to invest approximately $1 billion in oil and gas and LNG production in the U.S., particularly focusing on developing four trains at the Rio Grande LNG plant in Texas, aimed at enhancing U.S. energy security.
- National Security Considerations: The Department of the Interior highlighted that, in light of national security concerns, TotalEnergies has pledged not to develop any new offshore wind projects, reflecting the current global energy supply challenges.
- Policy Support: TotalEnergies' CEO stated that this agreement will support U.S. gas production and exports, expected to provide much-needed LNG to Europe while also supplying gas for U.S. data center development, showcasing improved capital efficiency.
See More
New Fortress Energy Unveils UK-Led Restructuring Plan to Cut Debt and Spin Off Brazil Operations
- Restructuring Overview: New Fortress Energy is pursuing a UK restructuring plan aimed at reducing corporate debt from approximately $5.7 billion to about $527 million, with existing shareholders retaining a 35% stake in the new entity, expected to be completed by mid-2026.
- Capital Structure Adjustment: Post-restructuring, the new company's capital structure targets a leverage profile of 2-3x EBITDA, featuring a five-year term loan and $2.5 billion of preferred equity that will mandatorily convert to common stock at maturity, ensuring creditors gain a substantial equity position.
- Cost Reduction Initiatives: The company anticipates cutting operating and SG&A expenses to around $100 million for 2026, alongside achieving approximately $616 million in balance sheet and vessel liability relief, with an expected adjusted EBITDA exceeding $400 million for 2027.
- Growth Project Advancements: New Fortress Energy will continue to advance several growth initiatives, including the completion of the Nicaragua terminal and conversion projects in Puerto Rico, which are expected to enhance the company's long-term supply capabilities and cash flows, thereby strengthening its competitive position in the market.
See More
New Fortress Energy Shares Plunge 20.3% Amid Major Dilution Risks
- Stock Volatility: New Fortress Energy (NFE) saw its shares plummet 20.3% on Wednesday after initially soaring over 30% following a creditor agreement, indicating market uncertainty about the company's future viability.
- Restructuring Plan: Under the agreement, New Fortress will split into two entities, with 'New NFE' continuing to trade publicly and retain operations in Jamaica, Puerto Rico, and Mexico, while a new private entity, 'BrazilCo', will take over the Brazilian business, directly impacting earnings potential.
- Shareholder Dilution Risks: Existing common stockholders will see their ownership diluted to just 35% of New NFE, with creditors claiming the remaining 65% stake and an additional $2.5 billion in preferred shares, significantly increasing dilution risks for shareholders.
- Turnaround Challenges Persist: While a leaner balance sheet provides some breathing room, it does not guarantee recovery, and analysts remain skeptical about the future performance of New NFE, reflecting a cautious market outlook.
See More
Energy Stocks Decline as NYSE Energy Sector Index Falls 1.9%
- Market Weakness: Energy stocks were lower on Tuesday afternoon, with the NYSE Energy Sector Index dropping 1.9%, indicating market concerns over energy demand prospects, which may lead to decreased investor confidence.
- Investor Sentiment Impact: The decline in energy stocks, driven by expectations of a global economic slowdown, could affect the financing capabilities and shareholder returns of related companies, thereby impacting overall market performance.
- Increased Sector Volatility: The drop in the energy sector may prompt investors to reassess other related industries, particularly in the context of fluctuating oil and gas prices, potentially leading to a shift of funds towards more stable investment areas.
- Uncertain Future Outlook: As concerns over energy demand intensify, investors may adopt a more cautious approach, resulting in further volatility in energy stocks in the short term, which could affect the formulation of long-term investment strategies.
See More
NEW FORTRESS ENERGY INC - FOURTEENTH AMENDMENT RELIEVES SOME CURRENT DEFAULT EVENTS - SEC FILING
New Amendment Overview: The Fourteenth Amendment has been introduced to waive certain existing events related to default-sec filing.
Impact on Default Events: This amendment aims to address and potentially alleviate the consequences of specific default events in the context of securities filings.
See More
Goldman Sachs Predicts LNG Market Disruption Through 2027
- Market Disruption: Goldman Sachs anticipates that the liquefied natural gas (LNG) market will remain disrupted through 2027 due to the U.S.-Iran war, with Qatar's LNG export capacity reduced by 17% from Iranian attacks, impacting about 3% of global LNG supply.
- Earnings Upgrade: Goldman raised Venture Global's EBITDA estimates for 2026 through 2028 by 62% on average, maintaining a buy rating with a price target of $18.50, indicating a 17% upside from Monday's close, reflecting the company's strong leverage to rising global gas prices.
- Investment Potential: Cheniere Energy is also favored by Goldman, receiving a buy rating and a price target of $312, suggesting nearly a 9% gain from Monday's close, as its capital allocation strategy positions it well for significant stock buybacks in Q3 and Q4 of 2025.
- Risk Factors: Despite the upward revisions in earnings estimates across the LNG sector, Goldman cautions that significant commodity price volatility and uncertainty in energy markets pose risks to the growth outlook for Venture Global, Cheniere Energy, and Golar LNG.
See More
U.S. Government Reaches $1 Billion Deal with TotalEnergies
- Agreement Details: The U.S. government has agreed to pay TotalEnergies $1 billion to shelve offshore wind projects on the East Coast, redirecting funds towards U.S. LNG production, indicating a reassessment of renewable energy initiatives by the administration.
- Investment Redirection: TotalEnergies has committed to invest approximately $1 billion in oil and gas and LNG production in the U.S., particularly focusing on developing four trains at the Rio Grande LNG plant in Texas, aimed at enhancing U.S. energy security.
- National Security Considerations: The Department of the Interior highlighted that, in light of national security concerns, TotalEnergies has pledged not to develop any new offshore wind projects, reflecting the current global energy supply challenges.
- Policy Support: TotalEnergies' CEO stated that this agreement will support U.S. gas production and exports, expected to provide much-needed LNG to Europe while also supplying gas for U.S. data center development, showcasing improved capital efficiency.
See More
New Fortress Energy Unveils UK-Led Restructuring Plan to Cut Debt and Spin Off Brazil Operations
- Restructuring Overview: New Fortress Energy is pursuing a UK restructuring plan aimed at reducing corporate debt from approximately $5.7 billion to about $527 million, with existing shareholders retaining a 35% stake in the new entity, expected to be completed by mid-2026.
- Capital Structure Adjustment: Post-restructuring, the new company's capital structure targets a leverage profile of 2-3x EBITDA, featuring a five-year term loan and $2.5 billion of preferred equity that will mandatorily convert to common stock at maturity, ensuring creditors gain a substantial equity position.
- Cost Reduction Initiatives: The company anticipates cutting operating and SG&A expenses to around $100 million for 2026, alongside achieving approximately $616 million in balance sheet and vessel liability relief, with an expected adjusted EBITDA exceeding $400 million for 2027.
- Growth Project Advancements: New Fortress Energy will continue to advance several growth initiatives, including the completion of the Nicaragua terminal and conversion projects in Puerto Rico, which are expected to enhance the company's long-term supply capabilities and cash flows, thereby strengthening its competitive position in the market.
See More
New Fortress Energy Shares Plunge 20.3% Amid Major Dilution Risks
- Stock Volatility: New Fortress Energy (NFE) saw its shares plummet 20.3% on Wednesday after initially soaring over 30% following a creditor agreement, indicating market uncertainty about the company's future viability.
- Restructuring Plan: Under the agreement, New Fortress will split into two entities, with 'New NFE' continuing to trade publicly and retain operations in Jamaica, Puerto Rico, and Mexico, while a new private entity, 'BrazilCo', will take over the Brazilian business, directly impacting earnings potential.
- Shareholder Dilution Risks: Existing common stockholders will see their ownership diluted to just 35% of New NFE, with creditors claiming the remaining 65% stake and an additional $2.5 billion in preferred shares, significantly increasing dilution risks for shareholders.
- Turnaround Challenges Persist: While a leaner balance sheet provides some breathing room, it does not guarantee recovery, and analysts remain skeptical about the future performance of New NFE, reflecting a cautious market outlook.
See More
