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New Fortress Energy (NFE)

(Real Time Quote from BATS)

$25.68 USD

25.68
2,917,479

+0.08 (0.31%)

Updated Jul 22, 2024 03:55 PM ET

After-Market: $25.66 -0.02 (-0.08%) 4:10 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 30% (176 out of 250)

Industry: Oil and Gas - Integrated - International

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Balance Sheet

Research for NFE

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for New Fortress Energy LLC falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 311 841 256 614 58
Receivables 342 280 209 77 50
Notes Receivable 0 0 0 0 0
Inventories 114 39 37 23 63
Other Current Assets 213 227 83 48 40
Total Current Assets 980 1,387 585 762 211
Net Property & Equipment 2,481 2,117 2,138 614 192
Investments & Advances 138 392 1,182 0 3
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 10 8 6 2 0
Intangibles 829 863 903 46 44
Deposits & Other Assets 5,475 2,560 1,753 342 674
Total Assets 10,501 7,705 6,876 1,908 1,124
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 549 80 68 21 12
Current Portion Long-Term Debt 293 65 97 9 10
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 472 1,162 244 90 55
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 228 53 106 35 25
Total Current Liabilities 1,706 1,409 563 191 102
Mortgages 0 0 0 0 0
Deferred Taxes/Income 44 26 270 2 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,511 4,477 3,758 1,240 619
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 56 49 58 16 15
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,723 6,263 4,882 1,533 736
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 2 2 2 2 131
Capital Surplus 1,039 1,170 1,924 595 0
Retained Earnings 528 62 -132 -230 -46
Other Equity 209 207 200 8 302
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,778 1,442 1,994 375 387
Total Liabilities & Shareholder's Equity 10,501 7,705 6,876 1,908 1,124
Total Common Equity 1,778 1,442 1,994 375 387
Shares Outstanding 205.00 208.80 206.90 174.60 167.90
Book Value Per Share 8.67 6.91 9.64 2.15 2.31

Fiscal Year End for New Fortress Energy LLC falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 315 311 237 205
Receivables NA 335 342 361 275
Notes Receivable NA 0 0 0 0
Inventories NA 187 114 103 128
Other Current Assets NA 202 213 165 105
Total Current Assets NA 1,039 980 866 714
Net Property & Equipment NA 2,176 2,481 2,564 2,162
Investments & Advances NA 0 138 139 139
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 28 10 8 8
Intangibles NA 989 829 844 851
Deposits & Other Assets NA 5,923 5,475 4,900 4,757
Total Assets NA 10,880 10,501 9,796 9,135
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 525 549 893 603
Current Portion Long-Term Debt NA 292 293 271 367
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 418 472 436 821
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 185 228 170 144
Total Current Liabilities NA 1,567 1,706 1,911 2,068
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 93 44 27 27
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 6,735 6,511 5,898 5,064
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 56 64 76
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 8,984 8,723 8,218 7,584
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 97 0 0 0
Common Stock (Par) NA 2 2 2 2
Capital Surplus NA 1,044 1,039 1,039 1,039
Retained Earnings NA 561 528 331 291
Other Equity NA 193 209 206 219
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,896 1,778 1,579 1,551
Total Liabilities & Shareholder's Equity NA 10,880 10,501 9,796 9,135
Total Common Equity 0 1,800 1,778 1,579 1,551
Shares Outstanding 205.00 205.00 205.00 205.00 205.00
Book Value Per Share 0.00 8.78 8.67 7.70 7.57