Filing Flows › New Fortress Energy (NFE) › Q1 2025
New Fortress Energy (NFE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Jun 30, 2025
New Fortress Energy (NFE) reported revenue of $472M for the first quarter 2025 (Q1 2025), -31% from a year earlier and -30% from the quarter before. Operating margin was -3.9%, net loss $197M (41.8% of revenue).
New Fortress Energy, Q1 2025: revenue $472M (-31% year over year), operating margin -3.9%, net loss $197M, operating cash flow −$31.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $472M | -30% | -31% |
| Operating profit | −$18.5M | -108% | — |
| Net earnings | −$197M | — | — |
| Operating cash flow | −$31.7M | -107% | — |
What changed
Revenue was $472.3M in Q1 2025, down 31% year over year and down 30% from the previous quarter.
Operating costs exceeded revenue by $18.5M, an operating margin of -3.9%. Total costs fell 2% while revenue fell 31%. The fastest-growing cost line was Cost of revenue (+32%). The quarter ended with a net loss of $197.4M, narrower than the previous quarter's $225.7M loss. Net interest and other expense of $150.2M was the main reason.
Operating cash flow was −$31.7M. Non-cash charges added back $66.6M of depreciation and amortization. Working capital and other items added $99.1M. Capital expenditures of $340.5M exceeded it, leaving free cash flow of −$372.2M.
Questions
What was New Fortress Energy's revenue in the first quarter 2025?
New Fortress Energy (NFE) reported revenue of $472M for the first quarter 2025 (Q1 2025), -31% from a year earlier and -30% from the quarter before.
Was New Fortress Energy profitable in the first quarter 2025?
Operating loss was $18.5M (-3.9% of revenue) and net loss $197M.