What caused the operating profit rebound in late 2024?

The operating profit rebound in late 2024 can be attributed to several key factors: 1. **Adjusted EBITDA Performance**: Both NFE and GTX demonstrated strong adjusted EBITDA results, with NFE reporting $313 million for Q4 2024, surpassing its guidance, and GTX achieving $153 million in adjusted EBITDA for the same period. This indicates improved operational efficiency and portfolio optimization, which has contributed to the rebound in operating profit. 2. **Cost Management and Operational Cost Management**: NFE's completion of its Fast LNG asset and significant progress in international projects, along with GTX's focus on zero-emission technologies and operational cost management, have led to improved profitability. These strategic initiatives have likely resulted in cost savings and enhanced revenue streams, boosting operating profit. 3. **Revenue Growth and Market Expansion**: GTX's revenue growth, despite missing estimates in certain quarters, has been driven by strategic expansions, such as entering the Chinese market and securing new business wins. This expansion into new markets and customer segments has likely increased revenue and contributed to the operating profit rebound. 4. **Financial Restructuring and Liquidity Management**: NFE's successful issuance of new senior secured notes and completion of a private exchange, which enhanced liquidity and bolstered its capital position, has provided a solid financial foundation for improved operating profit. Similarly, GTX's focus on free cash flow generation and share repurchases suggests effective liquidity management, supporting its profitability trajectory. In conclusion, the operating profit rebound in late 2024 is a result of a combination of factors including strong EBITDA performance, effective cost management, revenue growth through strategic market expansion, and sound financial restructuring. These elements have collectively contributed to the improved profitability of NFE and GTX during this period.