New Fortress Energy Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
NFE$3.58-10.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive (Loss) Income
(in thousands of U.S. dollars, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Operating revenue | $1,698,348 | $2,060,212 | $1,978,645 |
| Vessel charter revenue | 212,609 | 276,843 | 357,158 |
| Contract novation income | 295,558 | — | — |
| Other revenue | 158,345 | 76,241 | 32,469 |
| Total revenues | 2,364,860 | 2,413,296 | 2,368,272 |
| Operating expenses | |||
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 1,064,667 | 877,451 | 1,010,428 |
| Vessel operating expenses | 33,372 | 45,439 | 63,518 |
| Operations and maintenance | 174,313 | 166,785 | 105,800 |
| Selling, general and administrative | 285,520 | 205,104 | 236,051 |
| Transaction and integration costs | 12,279 | 6,946 | 21,796 |
| Depreciation and amortization | 162,014 | 187,324 | 142,640 |
| Asset impairment expense | 16,494 | 10,958 | 50,659 |
| Loss (gain) on sale of assets, net | 77,562 | (29,378) | — |
| Total operating expenses | 1,826,221 | 1,470,629 | 1,630,892 |
| Operating income | 538,639 | 942,667 | 737,380 |
| Interest expense | 328,377 | 277,842 | 236,861 |
| Other expense (income), net | 113,077 | 10,408 | (48,044) |
| Loss on extinguishment of debt, net | 270,063 | — | 14,997 |
| (Loss) income before income from equity method investments and income taxes | (172,878) | 654,417 | 533,566 |
| Income (loss) from equity method investments | — | 9,972 | (472,219) |
| Tax provision (benefit) | 69,509 | 115,513 | (123,439) |
| Net (loss) income | (242,387) | 548,876 | 184,786 |
| Net (loss) income attributable to common stockholders | $(270,106) | $547,882 | $194,479 |
| Net (loss) income per share – basic | $(1.24) | $2.66 | $0.93 |
| Net (loss) income per share – diluted | $(1.25) | $2.65 | $0.93 |
| Weighted average number of shares outstanding – basic | 217,578,487 | 205,942,837 | 209,501,298 |
| Weighted average number of shares outstanding – diluted | 218,622,419 | 206,481,977 | 209,854,413 |
| Other comprehensive (loss) income: | |||
| Currency translation adjustment | (69,468) | 18,005 | 68,403 |
| Reclassification of net foreign currency translation adjustment realized upon sale of foreign subsidiary | — | (1,457) | — |
| Comprehensive (loss) income | (311,855) | 565,424 | 253,189 |
| Comprehensive (income) loss attributable to non-controlling interest | (5,623) | (1,412) | 10,795 |
| Comprehensive (loss) income attributable to stockholders | $(317,478) | $564,012 | $263,984 |
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