New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock
NFEGP
NASDAQ405.00
USD
+5.00
- -
New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock
NFEGP
(NASDAQ)
Recent
price
405.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- New Fortress Energy Inc. is an integrated gas-to-power energy infrastructure company that provides natural gas and liquefied natural gas sourcing, liquefaction, logistics, shipping, storage, regasification, terminal, and power generation solutions to industrial, utility, and other end users worldwide; the company also operates floating storage and regasification units, LNG carriers, and related energy infrastructure, with activities spanning the United States, the Caribbean, Mexico, Latin America, and Brazil. Founded in 2014 and headquartered in New York, New York, New Fortress Energy serves customers through its Terminals and Infrastructure and Ships segments, supporting fuel supply, power generation, and development services across its portfolio. In 2025, the company entered into an agreement to sell its Jamaica assets and operations to Excelerate Energy for $1.055 billion, and it won a new 7-year gas supply agreement with PREPA to deliver up to 75 TBtu of natural gas annually from its San Juan facility. In 2026, New Fortress Energy entered into a restructuring support agreement with creditors for a comprehensive UK restructuring plan, later advancing a court-approved restructuring that reduced debt dramatically, split the business into CoreCo and BrazilCo, and created a new Series A mandatorily convertible preferred stock structure intended to convert into 87% of the fully diluted common equity after three years; the company also completed a sale and leaseback of turbines with Macquarie Energy and terminated certain long-term vessel charter arrangements with Energos as part of its portfolio rationalization.