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New Fortress Energy NFE Q2 2025 earnings

Reported September 5, 2025 · Before market open

Revenue$301.7MMiss by $367.5M
EPS-$0.84Miss by $0.55
Revenue estimate$669.2M
EPS estimate-$0.29

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$511.6M
EPS estimate-$0.21

Financials

Q2 2025

Income statement

See full
Revenue$304.1M-28.8%
Gross profit$95.9M-53.3%
Operating income-$388.4M-1,184%
Net income-$546.5M-515%
EPS (diluted)-$1.99-374%

Balance sheet

See full
Cash & equivalents$821.4M+176%
Total debt$8.4B+2.5%
Total equity$1.3B-19.3%
Total assets$12.0B+5.4%

Cash flow

See full
Operating cash flow-$329.0M-389%
CapEx$397.7M-34.5%
Free cash flow-$726.7M-47.3%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$641.62M-85.8%
Enterprise value$8.21B-33.8%
P/S0.3×-1.6×

Profitability

See full
Gross margin44.3%-16.8pp
Operating margin-4.6%-34.2pp
Net margin-46.1%-56.4pp
FCF margin-77.5%-8.6pp

Returns & leverage

See full
Return on equity-66.1%-82.5pp
Debt / equity6.7×+1.4×
Current ratio0.7×0.0×

Segments

By segment

See full
Terminals and Infrastructure$263.2M-31.7%
Ships$38.5M-9.7%

By geography

See full
United States$142.0M-45.6%

Versus estimates

Revenue

Q1 2026$227.0MMiss by $281.6MQ4 2025$395.7MBeat by $38.3MQ3 2025$327.4MBeat by $2.5M
Q2 2025$301.7MMiss by $367.5M
Q1 2025$470.5MQ4 2024$679.0MBeat by $64.5M

Diluted EPS

Q1 2026-$1.40Miss by $1.21Q4 2025-$1.40Miss by $0.93Q3 2025-$1.07Miss by $0.32
Q2 2025-$0.84Miss by $0.55
Q1 2025-$0.73Miss by $1.62Q4 2024-$0.73Miss by $0.69

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Questions, answered.

When did New Fortress Energy report Q2 2025 earnings?
New Fortress Energy (NFE) reported Q2 2025 earnings on September 5, 2025 before market open.
What were New Fortress Energy's Q2 2025 revenue and EPS?
New Fortress Energy reported revenue of $301.7M and eps of $-0.84 for Q2 2025.
Did New Fortress Energy beat estimates in Q2 2025?
Revenue missed the consensus estimate of $669.2M by $367.5M. EPS missed the consensus estimate of $-0.29 by $0.55.
How did New Fortress Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 29.5% from $428.0M a year earlier and eps declined 104.9% from $-0.41.
Where can I find New Fortress Energy's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001749723-25-000100) directly on SEC EDGAR. The filing index links above go to sec.gov.