New Fortress Energy Plunges 31.27% on Disappointing Earnings

On May 15, 2025, New Fortress Energy's stock experienced a significant drop of 31.27% in pre-market trading.

New Fortress Energy reported a first-quarter adjusted loss of $0.73 per share, which was notably lower than the analyst consensus estimate of a $0.16 per share loss. This disappointing earnings report contributed to the stock's decline.

The company's net loss for the quarter was $197.4 million, or 73 cents per share, a stark contrast to the net income of $56.7 million, or 26 cents per share, reported in the same period last year. This significant drop in earnings further weighed on investor sentiment.

The company's quarterly revenue fell short of Wall Street expectations, adding to the negative market reaction. The combination of lower-than-expected earnings and revenue led to a substantial sell-off in the stock.