Full-Time
Posted on 7/4/2025
Global LNG-based energy infrastructure provider
No salary listed
New York, NY, USA
In Person
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New Fortress Energy provides integrated gas-to-power energy infrastructure with turnkey LNG solutions and power generation. It handles the full natural gas value chain, from procurement and liquefaction to shipping, logistics, and building and operating terminals, plants, and pipelines, then selling gas-fired power under long-term contracts. The company differentiates itself by owning and managing the entire supply chain to offer end-to-end, bundled services in emerging markets such as Latin America and the Caribbean. Its goal is to deliver cleaner, affordable, and reliable energy by expanding gas-based power through integrated infrastructure and long-term partnerships.
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2014
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
401(k) Retirement Plan
Commuter Benefits
New Fortress Energy has completed a $265.9 million sale-leaseback transaction involving its power generation turbines. The deal allows the company to unlock liquidity from physical assets whilst maintaining operational control through a lease agreement. The transaction provides immediate cash flow for the LNG and power generation company, which can be deployed for project development, debt reduction or operational needs. The arrangement shifts assets off the balance sheet to a lease obligation, improving capital allocation efficiency without disrupting operations. This asset-light strategy enables New Fortress Energy to accelerate growth without significant shareholder dilution or high-interest corporate debt. The move demonstrates proactive financial management as the company expands its global LNG infrastructure footprint. The terms of the leaseback and deployment of proceeds will be key factors for investors to monitor.
New-look New Fortress plans to fire up Nicaragua LNG terminal this year. 'Truly new company' set to emerge from large debt restructuring, CEO says * TradeWinds correspondent * London Published 18 March 2026, 09:30 US-listed New Fortress Energy is aiming to fire up a floating storage and regasification unit-based LNG import terminal in Nicaragua under its large restructuring plan unveiled on Tuesday. Speaking on an "informational call" today, New Fortress Energy chairman and chief executive Wes Edens said the marine infrastructure is under development and commissioning of the 3 million tonnes per annum terminal in Puerto Sandinao is expected to start in October 2026.
New Fortress Energy, a global liquefied natural gas company, is facing severe financial distress that poses significant risks to investors. The company has accumulated nearly $9 billion in debt, with $6.5 billion due within one year, whilst burning through cash at an alarming rate of $1.73 billion in negative free cash flow over the trailing 12 months. New Fortress is already behind on approximately $500 million in payments and is currently in forbearance whilst negotiating with creditors to avoid default. The proposed restructuring would see creditors receive preferred equity and significant assets, with no guarantee that common shareholders would retain any value. Despite some positives, including a seven-year Puerto Rico contract and strong global LNG demand, the company's $300 million market capitalisation reflects the precarious situation facing existing and potential investors.
New Fortress Energy has entered into two short-term forbearance agreements and executed three financing amendments with major lenders following missed interest payments on its Term Loan A and Term Loan B facilities. The forbearances, effective through 9 January 2026 unless terminated earlier, temporarily prevent debt acceleration whilst the company explores further relief or restructuring options. Amendments to the Letter of Credit, Revolving Credit Facility and Term Loan A add cross-defaults tied to the forbearances and impose tighter restrictions on dividends, new debt, asset sales, intercompany transfers and investments. If the forbearances lapse or terms are breached, lenders may accelerate debt or require cash collateral for letters of credit, potentially triggering broader restructuring actions.
New Fortress Energy Inc. (NASDAQ:NFE) announced Thursday it has entered into the Ninth Amendment to its Uncommitted Letter of Credit and Reimbursement Agreement with Natixis, New York Branch, and other lenders. The amendment, signed August 8, changes the facility from uncommitted to committed status and extends the maturity date to November 14, 2025. According to InvestingPro data, the company operates with a total debt of $9.63 billion and a concerning debt-to-equity ratio of 5.51x.