What is New Fortress Energy's contract novation income?

New Fortress Energy (NFE) reported contract novation income of $943K in Q1 2026.

How has New Fortress Energy's contract novation income changed year-over-year?

New Fortress Energy's contract novation income decreased by 46.0% year-over-year, from $1.75M to $943K.

What does contract novation income mean?

Income recognized from the transfer of contractual obligations or rights to a third party, effectively replacing an existing contract with a new one. This reflects the company's ability to monetize or restructure its commercial agreements as part of its strategic portfolio management.

New Fortress Energy NFE Contract novation income

Contract novation income at other companies

Ligand PharmaceuticalsLGND

$110K-97.5%

Ligand PharmaceuticalsLGND

$110K-97.5%

CorMedixCRMD

$5.51M—

Ligand PharmaceuticalsLGND

$110K-97.5%

Paycom SoftwarePAYC

$12.9M-5.1%

Rigel PharmaceuticalsRIGL

$3.9M-60.2%

Other financials

Income statement

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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

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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

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Gross margin35.2%-11.7pp

Operating margin-105.9%-121pp

Net margin-163.4%-194pp

FCF margin-90.1%+73.9pp

Returns & leverage

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Return on equity-177.8%-194pp

Debt / equity8.6×+3.7×

Current ratio0.1×-0.9×

Where this comes from

Reported directly by New Fortress Energy in its filing.

Tagged under the XBRL concept nfe:ContractNovationRevenue.

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 contract novation income?: New Fortress Energy (NFE) reported contract novation income of $943K in Q1 2026.
How has New Fortress Energy's contract novation income changed year-over-year?: New Fortress Energy's contract novation income decreased by 46.0% year-over-year, from $1.75M to $943K.
What does contract novation income mean?: Income recognized from the transfer of contractual obligations or rights to a third party, effectively replacing an existing contract with a new one. This reflects the company's ability to monetize or restructure its commercial agreements as part of its strategic portfolio management.