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 +5.90% change in stock price 10 days leading up to the earnings, and a +0.34% change 10 days following the report. On the earnings day itself, the stock moves by -0.71%. This data can give you a slight idea of what to expect for the next quarter's release.
NFE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
567.53M
10.32%
32.60%
Gross Margin
35.00%
-31.24%
-6.52%
Operating Margin
14.83%
-49.78%
26.00%
Net Margin
1.99%
-83.58%
-109.81%
EPS
0.03
-90.00%
-106.82%
No Data Available
NFE Earnings Analysis
New Fortress Energy Inc. Class A Common Stock Corporation (NFE.O) Earnings Conference Call
Positive
Adjusted EBITDA Performance: 1. Strong Adjusted EBITDA: New Fortress Energy reported an adjusted EBITDA of $176 million for Q3 2024, aligning with previous forecasts and contributing to a total of $636 million for the first nine months of the year.
Operating Margin Analysis: 2. Significant Operating Margin: The total segment operating margin for Q3 was $220 million, with $185 million generated from sales to customers through downstream terminals and cargoes sold to the market.
Construction Milestone Achieved: 3. Successful Construction Progress: The CELBA 2 combined cycle plant in Brazil is now 80% complete, with cash flows expected to commence in the second half of 2025, indicating strong project execution.
Enhanced Financial Flexibility: 4. Increased Liquidity: The company successfully completed a $400 million equity raise and refinanced its corporate debt, extending maturities and enhancing liquidity by approximately $727 million.
Operational Performance Excellence: 5. Operational Efficiency: The FLNG operations achieved a production run of 14 consecutive days at 105% of nameplate capacity, demonstrating strong operational performance and flexibility in logistics.
Negative
Stagnant EBITDA Performance: Q3 adjusted EBITDA was $176 million, which is flat compared to previous forecasts, indicating stagnation in financial performance.
Q4 Guidance Reduction: The company reduced its guidance for Q4 due to maintenance, suggesting potential operational inefficiencies and lower expected volumes in FLNG operations.
Impairment Charge Impact: A $2 million impairment charge for the Miami liquefier negatively impacted adjusted net income, which was only $11 million for Q3, reflecting financial strain.
Strategic Partnerships for Liquidity: The company is exploring strategic partnerships and asset sales to enhance liquidity, indicating potential financial distress and a need for capital infusion.
Debt Maturities and Financial Challenges: Despite refinancing efforts, the company still faces significant debt maturities, with $875 million in 2025 notes and $327 million raised in new money, highlighting ongoing financial challenges.
NFE FAQs
How does NFE typically perform around its earnings report dates?
Is New Fortress Energy, Inc. (NFE) Q3 2024 Earnings Call Summary positive or negative?
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NFE Earning Call Sentiment
New Fortress Energy, Inc. (NFE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NFE.O
-7.3%Positive
The earnings call presents a mixed outlook. Financial health shows improved liquidity and debt management, but operational challenges and regulatory uncertainties are concerning. The Q&A highlights potential in Puerto Rico and the FSRU market, yet lacks clarity on key projects. Strong financial metrics are tempered by reduced guidance and unresolved risks, leading to a neutral sentiment. The company's market cap suggests moderate volatility, aligning with a neutral stock price prediction (-2% to 2%).
