New Fortress Energy files application to deploy fast LNG solution in U.S. GOM 06:05 NFE New Fortress Energy announced that it has concurrently filed applications with the U.S. Maritime Administration, the U.S. Coast Guard and U.S. Department of Energy to request all necessary permits and regulatory approvals to site, construct and operate a new offshore LNG liquefaction terminal off the coast of Louisiana with a capacity of exporting approximately 145B cubic feet of natural gas per year, equivalent to approximately 2.8M tons per annum of LNG. The Project will be located in federal waters approximately 16 miles off the southeast coast of Grand Isle, Louisiana, and will access abundant U.S. gas supply by leveraging existing infrastructure. Procurement of all long-lead materials is complete and modular assembly of equipment is underway. Subject to the receipt of all required permits and approvals, NFE targets beginning operations in the first quarter of 2023.
New Fortress Energy reports Q4 EPS 72c vs. (5c) a year ago 03/01 NFE Reports Q4 revenue $648.63M vs. $304.66M a year ago. Last night, New Fortress Energy said it reported its "highest quarterly and annual net income and EPS in our history" as "robust LNG sales and power revenues produced record revenues in Q4 and FY 2021." New Fortress also announced it is adopting adjusted EBITDA as its new financial performance measure, while reporting adjusted EBITDA increased almost 100% over the previous quarter to approximately $334M in Q4 2021 from $170M in Q3 2021. The company's board of directors approved a dividend of 10c per share, with a record date of March 18 and a payment date of March 29.
New Fortress Energy reports Q4 EPS 72c vs. (5c) a year ago 03/01 NFE Reports Q4 revenue $648.63M vs. $304.66M a year ago. Last night, New Fortress Energy said it reported its "highest quarterly and annual net income and EPS in our history" as "robust LNG sales and power revenues produced record revenues in Q4 and FY 2021." New Fortress also announced it is adopting adjusted EBITDA as its new financial performance measure, while reporting adjusted EBITDA increased almost 100% over the previous quarter to approximately $334M in Q4 2021 from $170M in Q3 2021. The company's board of directors approved a dividend of 10c per share, with a record date of March 18 and a payment date of March 29.
