New Fortress Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

New Fortress Energy (NASDAQ:NFE) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.36b (flat on FY 2023).
• Net loss: US$270.1m (down by 149% from US$547.9m profit in FY 2023).
• US$1.24 loss per share (down from US$2.66 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New Fortress Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for New Fortress Energy (2 make us uncomfortable!) that you should be aware of.

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