NFE
New Fortress Energy Inc.
NFE lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
NFE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Under pressure | |
| Weak |
NFE's revenue, profitability, cash flow and balance sheet are all currently under pressure.
NFE PE Valuation
NFE has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 0.1x next year's earnings.
NFE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NFE to return to profit, with revenue growing.
NFE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $36.52 | — |
| Q2 2026 | -$340.00 | -$149.00 |
| Q1 2026 | -$376.00 | -$264.00 |
| Q4 2025 | -$342.50 | -$280.00 |
| Q3 2025 | -$246.00 | -641% |
| Q2 2025 | -$191.00 | -424% |
| Q1 2025 | -$112.00 | -202% |
| Q4 2024 | -$62.50 | -147% |
| Q3 2024 | $45.50 | -52% |
NFE lost $340.00 per share over the past year, a bigger loss than the year before.
NFE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $312.5M | +3.6% |
| Q1 2026 | $227M | -52% |
| Q4 2025 | $395.7M | -42% |
| Q3 2025 | $327.4M | -42% |
| Q2 2025 | $301.7M | -30% |
| Q1 2025 | $470.5M | -32% |
| Q4 2024 | $679M | -10% |
| Q3 2024 | $567.5M | +10% |
NFE's revenue has slid since its 2023 peak: $313M last quarter, up 3.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -48% | +81 points |
| Q1 2026 | -99% | -95 points |
| Q4 2025 | -159% | -193 points |
| Q3 2025 | -32% | -46 points |
| Q2 2025 | -128% | -139 points |
| Q1 2025 | -3.9% | -31 points |
| Q4 2024 | 34% | -10 points |
| Q3 2024 | 14% | -15 points |
NFE's operating margin was −48% last quarter, up 81 points from the same quarter a year ago.
NFE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$199.6M | +$465.2M |
| Q1 2026 | -$162.5M | +$209.7M |
| Q4 2025 | -$134.8M | +$264.6M |
| Q3 2025 | -$296.7M | +$155M |
| Q2 2025 | -$664.8M | -$94.8M |
| Q1 2025 | -$372.2M | +$241.2M |
| Q4 2024 | -$399.4M | +$151.2M |
| Q3 2024 | -$451.7M | +$241M |
NFE has burned cash in almost every quarter: −$794M over the past year, against −$1.9B the year before.
NFE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1.9K shares |
| 1 year | +4.1% | +225K shares |
| 3 years | +36% | +1.5M shares |
| 5 years | +62% | +2.2M shares |
| Available history | +1159% | +5.3M shares |
NFE has 6M diluted shares, up 4.1% from a year ago.
NFE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 89.6x | High |
| Q1 2025 | 17.1x | High |
| Q4 2024 | 12.0x | High |
| Q3 2024 | 9.8x | High |
| Q2 2024 | 8.4x | High |
| Q1 2024 | 6.6x | High |
| Q4 2023 | 5.9x | High |
| Q3 2023 | 5.9x | High |
NFE's net debt is more than 20 years of its operating earnings (EBITDA), up from 8.4 years a year ago.
NFE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.8 | Oversold |
| Stochastic | 7.8 | Oversold |
NFE's weekly RSI is 28 (oversold) and its Stochastic is 8 (oversold).
NFE PE vs Utilities Sector
| Metric | NFE | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
NFE has no meaningful PE right now: it lost money over the past year.
NFE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.81 | 24% below |
| 20 week MA | $11.5 | 68% below |
| 50 week MA | $32.6 | 89% below |
| 100 week MA | $163.0 | 98% below |
| 200 week MA | $746.1 | 100% below |
NFE is in a downtrend: it's below all five of its weekly moving averages, and 100% below its 200-week average.
NFE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $804.5 | $2,850.0 | +254% |
| 2021 | $2,850.0 | $1,262.5 | -56% |
| 2022 | $1,262.5 | $2,145.0 | +70% |
| 2023 | $2,145.0 | $1,886.5 | -12% |
| 2024 | $1,886.5 | $722.5 | -62% |
| 2025 | $722.5 | $58.5 | -92% |
| 2026 YTD | $58.5 | $3.67 | -94% |
NFE has finished three years in a row lower, and it's down 94% so far in 2026.