New Fortress Energy 2025 Q2 Earnings Worse Losses as Net Income Plummets 541%

New Fortress Energy reported its fiscal 2025 Q2 earnings on September 5, 2025, delivering a sharp increase in losses despite some operational progress. The company significantly missed expectations with a net loss of $556.83 million, or $2.02 per share, representing a 541.1% year-over-year decline. The results underscore ongoing financial strain, with no guidance adjustments or positive surprises provided in the report.

Revenue
New Fortress Energy’s total revenue declined by 20.3% year-over-year to $273.94 million in Q2 2025, falling below the $343.64 million recorded in the same period a year earlier. Within this total, operating revenue amounted to $227.20 million, driven by core operations, while vessel charter revenue added $46.74 million to the mix. Additional income of $27.75 million came from other non-core revenue streams, resulting in combined total revenues of $301.69 million before adjustments.

Earnings/Net Income
The company’s net loss widened to $556.83 million in Q2 2025, a 541.1% increase from the $86.86 million loss in Q2 2024. On a per-share basis, the loss expanded from $0.44 to $2.02, marking a 359.1% worsening. The performance highlights the deepening financial challenges faced by the company. The EPS outcome is clearly a negative development for shareholders and signals a deteriorating financial position.

Price Action
The stock price of New Fortress Energy saw mixed performance in the post-earnings period. While it gained 3.38% on the most recent trading day, the weekly decline of 6.84% and a 25.08% drop over the month reflect growing investor concerns amid the widening losses and uncertain outlook.

Post Earnings Price Action Review
Following the earnings report, New Fortress Energy’s shares exhibited a volatile price pattern, with a modest one-day rebound of 3.38% failing to offset a 6.84% weekly decline. Over the past month, the stock has fallen sharply by 25.08%, reflecting growing investor skepticism in the face of the company’s deteriorating financial results. The market remains cautious, weighing the severity of the reported losses against management’s forward-looking statements about operational progress and liquidity strategies.

CEO Commentary
CEO Wes Wheeler emphasized the company’s ongoing efforts to stabilize operations and improve liquidity, highlighting key developments such as the CELBA plant commissioning and long-term negotiations in Puerto Rico. He acknowledged the significant challenges, including a $557 million net loss and Adjusted EBITDA of $(4) million, primarily driven by non-cash impairments. Looking ahead, he expressed cautious optimism about future opportunities, including asset optimization, potential FEMA settlements, and Brazil’s power auction prospects.

Guidance
While no formal numerical guidance was provided, management indicated expectations for core earnings growth as new projects in Brazil and Nicaragua come online. The CEO noted confidence in resolving the Puerto Rico GSA and FEMA Request for Equitable Adjustment by year-end. The company anticipates increased operational liquidity and potential liquidity relief through asset sales, debt amendments, or refinancing, though uncertainties remain in these negotiations.

Additional News
Recent developments surrounding New Fortress Energy have largely focused on strategic initiatives rather than earnings. The company has initiated long-term negotiations in Puerto Rico to secure favorable terms for its operations, which could lead to significant stabilization in the region. Additionally, New Fortress Energy has been evaluating strategic alternatives to strengthen its capital structure, with discussions involving potential asset sales and refinancing options. In another key move, management has been finalizing the commissioning of the CELBA plant in Brazil, a critical milestone in the company’s growth strategy. These non-earnings developments highlight the company’s focus on operational momentum and financial restructuring in the coming months.