NFE Earnings Prediction
The chart below shows how NFE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NFE sees a +9.71% change in stock price 10 days leading up to the earnings, and a +1.88% change 10 days following the report. On the earnings day itself, the stock moves by -2.21%. This data can give you a slight idea of what to expect for the next quarter's release.
NFE Key Earning Data
2024/Q4
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Gross Margin
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Net Margin
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NFE Earnings Analysis
New Fortress Energy Inc Corporation (NFE.O) Earnings Conference Call
Positive
EBITDA Surge: $313 million in EBITDA for Q4, a 50% increase over previous guidance, indicating strong financial performance.
Future EBITDA Confidence: Confirmed guidance of $1 billion in total EBITDA for 2025, showcasing confidence in future growth.
Asset Performance Excellence: FLNG asset performance exceeded expectations, contributing significantly to earnings and operational efficiency.
Capital Markets Success: Successful capital markets activities, including raising $400 million in equity and extending debt maturities, strengthening the balance sheet.
Gas Supply Optimization Strategy: Optimized gas supply strategy to manage excess supply and maximize profitability, demonstrating proactive risk management.
FLNG 2 Construction Progress: Progress in FLNG 2 construction with over 50% completion, indicating strong project execution and future capacity expansion.
Puerto Rico Gas Supply Opportunities: Significant opportunities in Puerto Rico with contracts for gas supply and potential for fuel-switching projects, expected to double portfolio size.
Brazil Operations Growth Potential: Brazil operations showing strong foundation with long-term contracts and upcoming capacity auction, positioning for substantial growth.
Construction Progress Success: Successful construction progress on Brazilian power plants, on schedule and on budget, indicating effective project management.
Negative
Net Loss Report: The company reported a net loss of $242 million for Q4 2024, translating to a loss of $1.11 per share, and a total net loss of $270 million for the fiscal year, indicating significant financial challenges.
Debt Management Concerns: The majority of the Q4 net loss was attributed to $235 million in charges related to the extinguishment of debt, which raises concerns about the company's debt management and financial stability.
Debt Rating Downgrades: The company experienced downgrades to its corporate debt ratings, which could impact its ability to secure favorable financing in the future.
Revenue Instability Forecast: The change in the O&M agreement with PREPA resulted in a reversal of previously recognized revenue, leading to an expected reduction of $83 million in EBITDA for fiscal year 2024, indicating potential revenue instability.
Asset Sales Dependency: Despite a strong EBITDA performance, the company is still heavily reliant on asset sales to deleverage, which introduces uncertainty regarding future cash flows and financial health.
Capital Expenditure Concerns: The company has a significant amount of capital expenditures planned, which could strain cash flow if not managed properly, especially given the current debt levels.
Puerto Rico Market Challenges: The company is facing challenges in the Puerto Rico market due to the complexities of the incentive structure with the government, which could hinder growth opportunities in that region.
NFE FAQs
How does NFE typically perform around its earnings report dates?
Is New Fortress Energy Inc (NFE) Q4 2024 Earnings Call Summary positive or negative?
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NFE Earning Call Sentiment
New Fortress Energy, Inc. (NFE) Q4 2024 Earnings Call Transcript
NFE.O
13.06%Positive
The earnings call summary shows mixed signals: strong EBITDA growth and positive asset sales plans are countered by a net loss and reduced Q4 guidance. The Q&A revealed management's evasiveness on certain financial details, which raises concerns. Despite a large market cap, the stock's reaction is likely muted due to these conflicting factors, resulting in a neutral outlook.
