What is New Fortress Energy's net debt?

New Fortress Energy (NFE) reported net debt of $1.28B in Q1 2026.

How has New Fortress Energy's net debt changed year-over-year?

New Fortress Energy's net debt decreased by 85.5% year-over-year, from $8.83B to $1.28B.

What is the long-term trend for New Fortress Energy's net debt?

Over 5 years (2020 to 2025), New Fortress Energy's net debt has grown at a 10.7% compound annual growth rate (CAGR), from $730.03M to $1.21B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

New Fortress Energy NFE Net debt

Discontinued — last reported Q1 '26

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HES

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3.1×-0.1×

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4.8×+2.6×

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Other financials

Income statement

See full

Revenue$227.0M-51.9%

Gross profit$27.3M-84.0%

Operating income-$225.4M-1,700%

Net income-$400.6M-128%

EPS (diluted)-$1.40-115%

Balance sheet

See full

Cash & equivalents$189.9M-77.3%

Total debt$1.5B-84.8%

Total equity-$180.2M-110%

Total assets$10.4B-20.5%

Cash flow

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Operating cash flow-$118.9M-1,543%

CapEx$43.6M-82.9%

Free cash flow-$162.5M+38.1%

Valuation

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Market cap$103.71M-84.2%

Enterprise value$1.38B-83.2%

P/S0.1×-0.2×

Profitability

See full

Gross margin35.2%-11.7pp

Operating margin-105.9%-121pp

Net margin-163.4%-194pp

FCF margin-90.1%+73.9pp

Returns & leverage

See full

Return on equity-177.8%-194pp

Debt / equity8.6×+3.7×

Current ratio0.1×-0.9×

Where this comes from

Calculated from New Fortress Energy’s reported figures.

$1.5Btotal debt−$189.9Mcash and equivalents=$1.28B

The official record: New Fortress Energy’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Fortress Energy's net debt?: New Fortress Energy (NFE) reported net debt of $1.28B in Q1 2026.
How has New Fortress Energy's net debt changed year-over-year?: New Fortress Energy's net debt decreased by 85.5% year-over-year, from $8.83B to $1.28B.
What is the long-term trend for New Fortress Energy's net debt?: Over 5 years (2020 to 2025), New Fortress Energy's net debt has grown at a 10.7% compound annual growth rate (CAGR), from $730.03M to $1.21B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.