Filing Flows › Comparisons › NFE vs EE
New Fortress Energy vs Excelerate Energy: NFE and EE compared
New Fortress Energy is the larger company: $313M of revenue in its latest quarter (Q2 2026) against $297M for Excelerate Energy (Q3 2026). New Fortress Energy is growing faster (+3% against -24% a year earlier). Excelerate Energy is more profitable, with an operating margin of 31.8% against -47.6%.
Where the money goes: NFE and EE
New Fortress Energy (NFE) · Q2 2026
New Fortress Energy, Q2 2026: revenue $313M (+3% year over year), operating margin -47.6%, net loss $373M, operating cash flow −$159M. The chart follows the revenue to costs, profit and cash.
Excelerate Energy (EE) · Q3 2026
Excelerate Energy, Q3 2026: revenue $297M (-24% year over year), operating margin 31.8%, net earnings $14.2M, operating cash flow $80.3M. The chart follows the revenue to costs, profit and cash.
| New Fortress Energy (NFE) | Excelerate Energy (EE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $313M | $297M |
| Revenue growth, Y/Y | +3% | -24% |
| Operating margin | -47.6% | 31.8% |
| Net earnings | −$373M | $14.2M |
| Net margin | -119.3% | 4.8% |
| Operating cash flow | −$159M | $80.3M |
| Free cash flow | — | $50.5M |
| Market value | $994M | $1.1B |
| P/E | — | 5.6× |
| Analysts’ mean target | $2.00 | $43.54 |
Where the revenue comes from
Excelerate Energy
- Terminal Services: $166M (56%)
- LNG Gas and Power: $132M (44%)
Questions
Which is bigger, New Fortress Energy or Excelerate Energy?
New Fortress Energy is the larger company: $313M of revenue in its latest quarter (Q2 2026) against $297M for Excelerate Energy (Q3 2026).
Is New Fortress Energy or Excelerate Energy growing faster?
New Fortress Energy is growing faster (+3% against -24% a year earlier).
Which is more profitable, New Fortress Energy or Excelerate Energy?
Excelerate Energy is more profitable, with an operating margin of 31.8% against -47.6%.
More: New Fortress Energy earnings · how New Fortress Energy makes money · Excelerate Energy earnings · how Excelerate Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.