New Fortress Energy Inc.
For the period ended Dec 31, 2025. Filed Apr 13, 2026.
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FY2025 · Filed Apr 13, 2026
NFE$4.02-10.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
FINANCIAL INFORMATION
As of December 31, 2025 and 2024
(in thousands of U.S. dollars, except share and per share amounts)
| December 31,2025 | December 31, 2024(As Restated) | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $226,453 | $492,881 |
| Restricted cash | 130,489 | 472,696 |
| Receivables, net of allowances of $17,800 and $15,651, respectively | 451,962 | 331,419 |
| Inventory | 119,447 | 103,224 |
| Prepaid expenses and other current assets, net | 400,347 | 212,340 |
| Total current assets | 1,328,698 | 1,612,560 |
| Construction in progress | 3,593,971 | 3,526,984 |
| Property, plant and equipment, net | 4,892,737 | 5,928,919 |
| Right-of-use assets | 411,817 | 618,733 |
| Intangible assets, net | 187,596 | 179,510 |
| Goodwill | — | 782,730 |
| Deferred tax assets, net | — | 3,324 |
| Other non-current assets, net | 140,804 | 270,465 |
| Total assets | $10,555,623 | $12,923,225 |
| Liabilities | ||
| Current liabilities | ||
| Current portion of long-term debt and short-term borrowings | $7,073,477 | $539,132 |
| Accounts payable | 731,619 | 481,522 |
| Accrued liabilities | 597,776 | 434,681 |
| Current lease liabilities | 72,257 | 123,162 |
| Other current liabilities | 177,809 | 174,517 |
| Total current liabilities | 8,652,938 | 1,753,014 |
| Long-term debt | 1,105,442 | 8,361,776 |
| Non-current lease liabilities | 318,819 | 475,161 |
| Deferred tax liabilities, net | 76,502 | 74,838 |
| Other long-term liabilities | 92,291 | 167,165 |
| Total liabilities | 10,245,992 | 10,831,954 |
| Commitments and contingencies (Note 25) | ||
| Series B convertible preferred stock, $0.01 par value, — shares authorized, issued and outstanding as of December 31, 2025 (96,746 as of December 31, 2024); aggregate liquidation preference of $— and $96,746 at December 31, 2025 and December 31, 2024 | — | 90,570 |
| Stockholders’ equity | ||
| Class A common stock, $0.01 par value, 750.0 million shares authorized, 284.6 million issued and outstanding as of December 31, 2025; 266.5 million issued and outstanding as of December 31, 2024 | 2,845 | 2,664 |
| Additional paid-in capital | 1,776,306 | 1,674,312 |
| (Accumulated deficit) retained earnings | (1,650,592) | 193,561 |
| Accumulated other comprehensive income | 54,088 | 7,504 |
| Total stockholders’ equity attributable to NFE | 182,647 | 1,878,041 |
| Non-controlling interest | 126,984 | 122,660 |
| Total stockholders’ equity | 309,631 | 2,000,701 |
| Total liabilities and stockholders’ equity | $10,555,623 | $12,923,225 |
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