Filing Flows › New Fortress Energy (NFE) › Q4 2024
New Fortress Energy (NFE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 10, 2025
New Fortress Energy (NFE) reported revenue of $677M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and +19% from the quarter before. Operating margin was 33.7%, net loss $226M (33.3% of revenue).
New Fortress Energy, Q4 2024: revenue $677M (-8% year over year), operating margin 33.7%, net loss $226M, operating cash flow $456M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $677M | +19% | -8% |
| Operating profit | $228M | — | — |
| Net earnings | −$226M | — | — |
| Operating cash flow | $456M | — | +62% |
What changed
Revenue was $677.3M in Q4 2024, down 8% year over year and up 19% from the previous quarter.
Operating profit was $228.0M, a 33.7% margin (down 10.9 points year over year). Total costs grew 10% against a revenue fall of 8%. The fastest-growing cost line was SG&A (+52%). The quarter ended with a net loss of $225.7M, after a profit of $11.3M the previous quarter. Net interest and other expense of $411.4M was the main reason.
Operating cash flow was $456.0M (up 62% year over year). Non-cash charges added back $37.7M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $641.2M. Capital expenditures of $840.0M exceeded it, leaving free cash flow of −$383.9M.
Questions
What was New Fortress Energy's revenue in the fourth quarter 2024?
New Fortress Energy (NFE) reported revenue of $677M for the fourth quarter 2024 (Q4 2024), -8% from a year earlier and +19% from the quarter before.
Was New Fortress Energy profitable in the fourth quarter 2024?
Operating profit was $228M (33.7% of revenue) and net loss $226M.