Filing Flows › New Fortress Energy (NFE) › Q1 2026
New Fortress Energy (NFE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
New Fortress Energy (NFE) reported revenue of $227M for the first quarter 2026 (Q1 2026), -52% from a year earlier and -43% from the quarter before. Operating margin was -99.3%, net loss $401M (176.5% of revenue).
New Fortress Energy, Q1 2026: revenue $227M (-52% year over year), operating margin -99.3%, net loss $401M, operating cash flow −$119M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $227M | -43% | -52% |
| Operating profit | −$225M | — | — |
| Net earnings | −$401M | — | — |
| Operating cash flow | −$119M | — | — |
What changed
Revenue was $227.0M in Q1 2026, down 52% year over year and down 43% from the previous quarter.
Operating costs exceeded revenue by $225.4M, an operating margin of -99.3%. Total costs fell 7% while revenue fell 52%. The fastest-growing cost line was Other operating costs (+57%). The quarter ended with a net loss of $400.6M, narrower than the previous quarter's $847.1M loss. Minority interests bore $659K of it: to shareholders the quarter was a loss of $399.9M.
Operating cash flow was −$118.9M. Non-cash charges added back $51.4M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $226.5M. Capital expenditures of $43.6M exceeded it, leaving free cash flow of −$162.5M.
Questions
What was New Fortress Energy's revenue in the first quarter 2026?
New Fortress Energy (NFE) reported revenue of $227M for the first quarter 2026 (Q1 2026), -52% from a year earlier and -43% from the quarter before.
Was New Fortress Energy profitable in the first quarter 2026?
Operating loss was $225M (-99.3% of revenue) and net loss $401M.