New Fortress Energy LLC Class A Aktie News

Puerto Rico's Financial Oversight and Management Board granted final approval for an important contract. While the contract provides a lifeline, New Fortress is still in serious financial trouble.

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today received final approval for a 7-year Gas Supply Agreement from the Financial Oversight and Management Board for Puerto Rico. The contract secures the delivery of approximately 75 TBtu of natural gas to support the island's ongoing energy transformation initiatives. Under the terms of the agreement, NFE will ...

Key government officials from Puerto Rico spoke to the press on Tuesday, expressing support for New Fortress Energy's supply contract. Earlier this week, the contract received conditional approval from the Financial Oversight and Management Board after an intense review.

New Fortress Energy received conditional approval from Puerto Rico's Financial Oversight and Management Board. With creditors closing in, the Puerto Rico contract is critical if New Fortress hopes to avoid bankruptcy.

New Fortress Energy (NASDAQ: NFE) soared nearly 30% in premarket on Monday after securing conditional approval from Puerto Rico for a 7-year liquefied natural gas (LNG) supply agreement. The $3.2 billion deal represents a major commercial opportunity for the energy infrastructure firm, which has been expanding its footprint in the Caribbean.

New Fortress Energy is heavily indebted and struggling to secure a critical contract in Puerto Rico. The company was given a lifeline by creditors, but its problems are far from solved.

On Friday, debt-laden LNG infrastructure player New Fortress Energy reported another set of dismal quarterly results with substantial operating losses and cash outflows. The company entered into a forbearance agreement with noteholders after failing to make a $163.8 million interest payment last week. In addition, credit facility lenders agreed to limited covenant relief in order to provide mor...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced that it has signed a forbearance agreement with representatives of the holders of its new senior secured notes due 2029. Under this agreement, the due date for interest payments scheduled for November 17, 2025 has been effectively extended to December 15, 2025. During the forbearance perio...