New Fortress Energy (NFE) Q2 2026 earnings summary

Executive summary

• Entered into a comprehensive restructuring support agreement (RSA) with creditors to address ongoing liquidity challenges and multiple debt defaults; restructuring expected to close in Q3 2026.

• Restructuring will separate the business into two entities, divesting the Brazil business and significantly reducing outstanding debt and interest expense.

• Substantial doubt remains about ability to continue as a going concern until restructuring is completed.

Financial highlights

• For the six months ended June 30, 2026: revenue was $539.5M, down from $776.4M year-over-year.

• Net loss attributable to common stockholders was $(771.4)M for the six months, compared to $(722.9)M in the prior year.

• Adjusted for non-recurring items, including $61.9M asset impairment and $582.2M goodwill impairment in 2025.

• Cash and cash equivalents at June 30, 2026 were $161.2M, with restricted cash of $339.0M.

• Total assets were $10.7B; total liabilities $11.2B, with stockholders’ deficit of $(432.4)M.

Outlook and guidance

• Post-restructuring, focus will shift to operational efficiency and completion of in-process projects, aiming for profitability.

• No specific forward guidance provided due to ongoing restructuring and uncertainty.