Filing Flows › New Fortress Energy (NFE) › Q2 2025
New Fortress Energy (NFE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Sep 5, 2025
New Fortress Energy (NFE) reported revenue of $304M for the second quarter 2025 (Q2 2025), -29% from a year earlier and -36% from the quarter before. Operating margin was -127.7%, net loss $546M (179.7% of revenue).
New Fortress Energy, Q2 2025: revenue $304M (-29% year over year), operating margin -127.7%, net loss $546M, operating cash flow −$352M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304M | -36% | -29% |
| Operating profit | −$388M | — | — |
| Net earnings | −$546M | — | — |
| Operating cash flow | −$352M | — | — |
What changed
Revenue was $304.1M in Q2 2025, down 29% year over year and down 36% from the previous quarter.
Operating costs exceeded revenue by $388.4M, an operating margin of -127.7%. Total costs grew 81% against a revenue fall of 29%. The fastest-growing cost line was Other operating costs (+390%). The quarter ended with a net loss of $546.5M, wider than the previous quarter's $197.4M loss. Minority interests bore $1.8M of it: to shareholders the quarter was a loss of $544.7M.
Operating cash flow was −$352.5M. Non-cash charges added back $61.2M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $127.8M. Capital expenditures of $312.3M exceeded it, leaving free cash flow of −$664.8M.
Questions
What was New Fortress Energy's revenue in the second quarter 2025?
New Fortress Energy (NFE) reported revenue of $304M for the second quarter 2025 (Q2 2025), -29% from a year earlier and -36% from the quarter before.
Was New Fortress Energy profitable in the second quarter 2025?
Operating loss was $388M (-127.7% of revenue) and net loss $546M.