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New Fortress Energy NFE Q3 2025 earnings

Reported November 21, 2025 · Before market open

Revenue$327.4MBeat by $2.5M
EPS-$1.07Miss by $0.32
Revenue estimate$324.9M
EPS estimate-$0.76

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$331.9M-41.6%
Gross profit$135.0M-44.5%
Operating income-$89.9M-213%
Net income-$263.0M-2,928%
EPS (diluted)-$0.96-3,300%

Balance sheet

See full
Cash & equivalents$389.3M+64.5%
Total debt$2.8B-63.5%
Total equity$1.1B-32.5%
Total assets$12.0B+0.2%

Cash flow

See full
Operating cash flow-$171.0M—
CapEx--100%
Free cash flow-$110.4M+69.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$628.86M-66.3%
Enterprise value$3.04B-67.3%
P/S0.4×-0.4×

Profitability

See full
Gross margin44.1%-12.4pp
Operating margin-14.7%-40.7pp
Net margin-67.4%-75.4pp
FCF margin-73.3%+0.3pp

Returns & leverage

See full
Return on equity-92%-105pp
Debt / equity2.7×-2.3×
Current ratio0.2×-0.2×

Segments

By segment

See full
Terminals and Infrastructure$301.8M-37.4%
Ships$25.6M-40.5%

By geography

See full
United States$142.0M-45.6%

Versus estimates

Revenue

Q1 2026$227.0MMiss by $281.6MQ4 2025$395.7MBeat by $38.3M
Q3 2025$327.4MBeat by $2.5M
Q2 2025$301.7MMiss by $367.5MQ1 2025$470.5MQ4 2024$679.0MBeat by $64.5M

Diluted EPS

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

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Questions, answered.

When did New Fortress Energy report Q3 2025 earnings?
New Fortress Energy (NFE) reported Q3 2025 earnings on November 21, 2025 before market open.
What were New Fortress Energy's Q3 2025 revenue and EPS?
New Fortress Energy reported revenue of $327.4M and eps of $-1.07 for Q3 2025.
Did New Fortress Energy beat estimates in Q3 2025?
Revenue beat the consensus estimate of $324.9M by $2.5M. EPS missed the consensus estimate of $-0.76 by $0.32.
How did New Fortress Energy's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 42.3% from $567.5M a year earlier.
Where can I find New Fortress Energy's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001749723-25-000145) and the 10-Q periodic report (0001749723-25-000149) directly on SEC EDGAR. The filing index links above go to sec.gov.