New Fortress Energy Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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Item 5. Market Information
Our Class A common stock is traded on the Nasdaq Global Select Market under the symbol “NFE.” On February 28, 2025, there were 204 holders of record of our Class A common stock. This number does not include shareholders whose shares are held for them in “street name” meaning that such shares are held for their accounts by a broker or other nominee. The actual number of beneficial shareholders is greater than the number of holders of record.
Dividends
We declared dividends of $0.10 per share of our Class A common stock totaling $61,517 during the year ended December 31, 2024, of which $41,010 have been paid. Under certain intercompany agreements entered into in conjunction with the debt exchange and refinancing transactions completed in the fourth quarter of 2024, New Fortress Energy Inc. is no longer permitted to pay dividends to common shareholders declared after September 30, 2024.
Share Performance Graph
The following graph compares the cumulative total return to shareholders on our Class A common stock relative to the S&P 500, iShares Global Clean Energy ETF Index (“ICLN”), Vanguard Energy ETF (“VDE”), and Energy Select Sector SPDR Fund ("XLE"), including reinvestment of dividends. The addition of XLE reflects that as a global energy infrastructure company, our common stock can trade in correlation with global oil, gas and consumable fuel companies, and such companies are the components of XLE.
The graph assumes that on December 31, 2019, $100 was invested in our Class A shares and in each index based on the closing market price, and that all dividends were reinvested. The returns shown are based on historical results and are not intended to suggest future performance.
The following Performance Graph and related information is being furnished and shall not be deemed “soliciting material” or “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent we specifically incorporate it by reference into such filing.
| Cumulative Total Return Percentage | ||||||
|---|---|---|---|---|---|---|
| Company / Index | December 31, 2019(1) | December 31, 2020(1) | December 31, 2021(1) | December 31, 2022(1) | December 31, 2023(1) | December 31, 2024(1) |
| NFE | 100.0% | 244.0% | 56.8% | 178.2% | 171.4% | 9.6% |
| S&P 500 | 100.0% | 18.4% | 52.3% | 24.7% | 57.5% | 96.8% |
| iShares Global Clean Energy ETF Index ("ICLN") | 100.0% | 141.8% | 83.3% | 73.4% | 38.1% | 2.6% |
| Energy Select Sector SPDR Fund ("XLE") | 100.0% | (32.5)% | 3.5% | 69.9% | 68.8% | 78.1% |
| Vanguard Energy ETF ("VDE") | 100.0% | (33.1)% | 4.6% | 70.3% | 70.3% | 81.8% |
(1)Last trading day of the month
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.