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New Fortress Energy (NFE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · New Fortress Energy (NFE) Q2 2026 earnings results →
Q2 2026 Revenue up 3% year over year to $313M · 119¢ of every $1 of revenue lost · operating margin -47.6%
New Fortress Energy made $313M in Q2 2026 (+3% Y/Y). Operating margin -47.6%, net loss $373M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $312.5M in Q2 2026, up 3% year over year and up 38% from the previous quarter.
Operating costs exceeded revenue by $148.7M, an operating margin of -47.6%. Total costs fell 33% while revenue rose 3%. The fastest-growing cost line was SG&A (+51%). The quarter ended with a net loss of $373.0M, narrower than the previous quarter's $400.6M loss. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $371.4M. Net interest and other expense of $232.2M was the main reason.
Operating cash flow was −$159.3M. Non-cash charges added back $56.4M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $152.2M. Capital expenditures of $40.3M exceeded it, leaving free cash flow of −$199.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $313M | +3% | -47.6% | −$373M | −$159M |
| Q1 2026 | 10-Q | May 14, 2026 | $227M | -52% | -99.3% | −$401M | −$119M |
| Q4 2025 | 10-K | Apr 13, 2026 | $396M | -42% | -159.1% | −$847M | −$76.2M |
| Q3 2025 | 10-Q | Nov 21, 2025 | $332M | -42% | -31.2% | −$293M | −$191M |
| Q2 2025 | 10-Q | Sep 5, 2025 | $304M | -29% | -127.7% | −$546M | −$352M |
| Q1 2025 | 10-Q | Jun 30, 2025 | $472M | -31% | -3.9% | −$197M | −$31.7M |
| Q4 2024 | 10-K | Mar 10, 2025 | $677M | -8% | 33.7% | −$226M | $456M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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New Fortress Energy against its Natural Gas Distribution peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +7%. Operating margin: -47.6% against the peers' median 31.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NFE New Fortress Energy | Q2 2026 | $313M | +3% | -47.6% |
| LNG Cheniere Energy | Q3 2026 | $6.2B | +39% | 31.0% |
| VG Venture Global | Q2 2026 | $4.6B | +48% | 47.8% |
| Cheniere Corpus Christi Holdings, LLC | Q3 2026 | $2.7B | +84% | 21.2% |
| CQP Cheniere Energy Partners, L.P. | Q3 2026 | $2.6B | +7% | 31.7% |
| Sabine Pass Liquefaction, LLC | Q3 2026 | $2.5B | +7% | 29.4% |
| ATO Atmos Energy | Q3 FY26 | $879M | +5% | 36.4% |
| NFG National Fuel Gas | Q3 FY26 | $537M | +1% | 38.9% |
| SR Spire | Q3 FY26 | $420M | -0.4% | 5.6% |
Source: New Fortress Energy 10-Q on SEC EDGAR · CIK 1749723 · Natural Gas Distribution
More on NFE
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results