New Fortress Energy Inc. (NFE): Business Model Canvas

In der dynamischen Welt der Energietransformation erweist sich New Fortress Energy Inc. (NFE) als Vorreiter und stellt sich vor, wie saubere, zuverlässige Erdgaslösungen die globale Energieinfrastruktur revolutionieren können. Durch den strategischen Einsatz fortschrittlicher LNG-Technologien, maritimer Logistik und innovativer Projektentwicklung ist NFE nicht nur ein Unternehmen – es ist ein Katalysator für Wirtschaftswachstum und eine nachhaltige Energiewende in Schwellenländern. Ihr umfassender Business Model Canvas offenbart einen anspruchsvollen Ansatz, der über traditionelle Energieparadigmen hinausgeht und NFE als entscheidenden Akteur im globalen Wandel hin zu effizienteren und umweltbewussteren Energielösungen positioniert.

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Wichtige Partnerschaften

Entwickler und Betreiber von Terminals für Flüssigerdgas (LNG).

NFE hat strategische Partnerschaften mit wichtigen Entwicklern und Betreibern von LNG-Terminals auf der ganzen Welt aufgebaut:

Partner	Standort	Einzelheiten zur Partnerschaft
Samsung C&T Corporation	Jamaika	Bau und Betrieb eines LNG-Terminals
Hyundai Engineering	Puerto Rico	Infrastrukturentwicklung für LNG-Anlagen

Bauunternehmen für Energieinfrastruktur

NFE arbeitet mit großen Infrastrukturbauunternehmen zusammen:

• Bechtel Corporation – Globale Ingenieur- und Baupartnerschaft
• Fluor Corporation – Infrastrukturentwicklungsprojekte
• KBR Inc. – Technische Ingenieurdienstleistungen

Internationale Schifffahrts- und maritime Logistikunternehmen

Versandpartner	Flottengröße	Umfang der Partnerschaft
Golar LNG Limited	13 schwimmende LNG-Schiffe	Seetransport und schwimmende LNG-Infrastruktur
ABS-Gruppe	Globale maritime Zertifizierung	Schiffskonformität und technische Beratung

Energieversorger und industrielle Energieverbraucher

Zu den wichtigsten Energieerzeugungs- und Industriepartnerschaften von NFE gehören:

• Puerto Rico Electric Power Authority (PREPA)
• Jamaika Public Service Company
• Große Industriehersteller in Lateinamerika

Regierungsbehörden und Regulierungsbehörden

Regierungsbehörde	Land	Regulatorische Zusammenarbeit
Ministerium für Energie	Jamaika	Genehmigungen für die Entwicklung der Energieinfrastruktur
Energiebüro von Puerto Rico	Puerto Rico	Einhaltung gesetzlicher Vorschriften und Integration des Energiesektors

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Hauptaktivitäten

LNG-Produktion und -Verflüssigung

New Fortress Energy betreibt LNG-Produktionsanlagen mit einer Gesamtkapazität von 5,4 Millionen Tonnen pro Jahr ab 2023. Das Unternehmen verfügt über aktive Verflüssigungsanlagen in:

• Jamaika
• Puerto Rico
• Mexiko

Standort	Produktionskapazität (MTPA)	Betriebsstatus
Jamaika	1.2	Voll funktionsfähig
Puerto Rico	1.5	Voll funktionsfähig
Mexiko	2.7	Voll funktionsfähig

Entwicklung und Management der Energieinfrastruktur

NFE hat bis 2023 1,2 Milliarden US-Dollar in Energieinfrastrukturprojekte investiert. Das Unternehmen verwaltet:

• 5 LNG-Terminals
• 3 Energieerzeugungsanlagen
• Mehrere Seetransportanlagen

Globaler LNG-Handel und -Vertrieb

Handelsvolumina und Schlüsselkennzahlen:

Metrisch	Leistung 2023
Gesamtes LNG-Handelsvolumen	4,5 Millionen Tonnen
Globale Marktpräsenz	7 Länder
Jährlicher Umsatz aus dem Handel	850 Millionen Dollar

Entwicklung und Umsetzung von Projekten für saubere Energie

Das Portfolio an sauberer Energie von NFE umfasst:

• 2 Wasserstoffproduktionsprojekte
• 3 Initiativen zur Integration erneuerbarer Energien
• Gesamtinvestition von 350 Millionen US-Dollar in saubere Energie

Terminal- und Seetransportbetrieb

Einzelheiten zur See- und Terminalinfrastruktur:

Asset-Typ	Gesamtzahl	Kapazität
LNG-Tanker	8	350.000 DWT
Schwimmende Lagereinheiten	3	450.000 Kubikmeter
Onshore-Terminals	5	6 Millionen Tonnen pro Jahr

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche LNG-Verflüssigungsanlagen

New Fortress Energy betreibt mehrere LNG-Verflüssigungsanlagen mit einer Gesamtproduktionskapazität von 11,4 Millionen Tonnen pro Jahr (Stand 2023). Zu den wichtigsten Anlagen gehören:

Standort	Kapazität (MTPA)	Betriebsstatus
Miami, Florida	2.4	Betriebsbereit
Jamaika	1.2	Betriebsbereit
Puerto Rico	3.0	Betriebsbereit

Strategische Vermögenswerte für den Seetransport

Zur Seeflotte von NFE gehören:

• 7 LNG-Tanker
• Gesamtkapazität der Flotte von 474.000 Kubikmetern
• Marktwert maritimer Vermögenswerte: 587 Millionen US-Dollar (2023)

Technisches Ingenieurswissen

Zusammensetzung der technischen Belegschaft:

• Gesamtzahl der Mitarbeiter: 680
• Ingenieure: 42 % der Belegschaft
• Durchschnittliche Ingenieurerfahrung: 12,5 Jahre

Langfristige Energielieferverträge

Region	Vertragsdauer	Jahresvolumen (MTPA)
Lateinamerika	15 Jahre	3.6
Karibik	10 Jahre	2.4

Finanzkapital für Infrastrukturinvestitionen

Finanzielle Ausstattung ab Q4 2023:

• Gesamtvermögen: 4,2 Milliarden US-Dollar
• Bargeld und Äquivalente: 623 Millionen US-Dollar
• Budget für Infrastrukturinvestitionen: 1,1 Milliarden US-Dollar

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Wertversprechen

Bereitstellung sauberer, zuverlässiger und erschwinglicher Erdgaslösungen

New Fortress Energy lieferte im Jahr 2022 62,4 Millionen MMBtu LNG mit einer Gesamtterminalkapazität von 175 MMcf/d an mehreren globalen Standorten.

Metrisch	Wert 2022
Insgesamt geliefertes LNG	62,4 Millionen MMBtu
Terminalkapazität	175 MMcf/Tag
Operative Märkte	7 Länder

Ermöglichung der Energiewende in Schwellenländern

NFE ist in Schwellenländern mit erheblichem Bedarf an Energieinfrastruktur tätig und konzentriert sich dabei auf Länder wie Jamaika, Puerto Rico und Brasilien.

• Jamaika: 100 % der Stromerzeugung auf Erdgas umgestellt
• Puerto Rico: Bereitstellung alternativer Energielösungen
• Brasilien: Ausbau der Erdgasinfrastruktur

Reduzierung der Kohlenstoffemissionen durch Erdgasinfrastruktur

NFE gab an, im Jahr 2022 durch Erdgas-Infrastrukturprojekte etwa 2,5 Millionen Tonnen CO2-Äquivalent-Emissionen reduziert zu haben.

Metrik zur Emissionsreduzierung	Wert 2022
CO2-äquivalente Emissionen reduziert	2,5 Millionen Tonnen
Reduzierung der Kohlenstoffintensität	30-50 % im Vergleich zu Kohle

Wir bieten flexible und skalierbare Energielösungen

Die modulare LNG-Infrastruktur von NFE ermöglicht eine schnelle Bereitstellung mit einem Kapitalaufwand von etwa 200–300 Millionen US-Dollar pro Terminalprojekt.

• Modulares Terminaldesign
• Schnelle Bereitstellungsmöglichkeiten
• Anpassbar an verschiedene Marktbedingungen

Unterstützung der wirtschaftlichen Entwicklung durch Energiezugang

NFE investierte im Jahr 2022 1,2 Milliarden US-Dollar in Energieinfrastrukturprojekte in Schwellenländern und schuf so wirtschaftliche Möglichkeiten in unterversorgten Regionen.

Investitionsmetrik	Wert 2022
Gesamtinvestition in die Infrastruktur	1,2 Milliarden US-Dollar
Arbeitsplätze geschaffen	Ungefähr 500 direkte Arbeitsplätze

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Kundenbeziehungen

Langfristige Lieferverträge mit Industriekunden

New Fortress Energy unterhält strategische langfristige Lieferverträge mit Industriekunden aus verschiedenen Branchen. Seit dem vierten Quartal 2023 hat sich das Unternehmen 15-jährige Lieferverträge für Flüssigerdgas (LNG) mit einem Gesamtvolumen von etwa 1,5 Millionen Tonnen pro Jahr gesichert.

Kundensegment	Vertragsdauer	Jährliches Volumen (Tonnen)
Stromerzeugung	15 Jahre	750,000
Industrielle Fertigung	15 Jahre	500,000
Transport	10 Jahre	250,000

Maßgeschneiderte Energieinfrastrukturlösungen

NFE bietet maßgeschneiderte Energieinfrastrukturlösungen mit Investitionen in Höhe von insgesamt 2,3 Milliarden US-Dollar in maßgeschneiderte LNG-Terminals und Infrastrukturprojekte (Stand 2023).

• Jamaika-LNG-Terminal: 250-Millionen-Dollar-Investition
• Energieinfrastruktur in Puerto Rico: 350 Millionen US-Dollar Investition
• Terminalentwicklung in Brasilien: 500-Millionen-Dollar-Investition

Technischer Support und Betriebsberatung

Das Unternehmen bietet umfassenden technischen Support mit 87 engagierten Technik- und Betriebsunterstützungsexperten in allen weltweiten Niederlassungen.

Support-Kategorie	Anzahl der Spezialisten
Technisches Ingenieurwesen	45
Betriebsberatung	42

Digitale Plattform für Energiemanagement

Die digitale Energiemanagementplattform von NFE bedient 32 Industriekunden mit Echtzeitüberwachungsfunktionen und vorausschauenden Wartungstechnologien.

Kontinuierliches Engagement durch Projektentwicklung

Das Unternehmen engagiert sich aktiv in der Projektentwicklung von 18 laufenden Energieinfrastrukturprojekten in 6 Ländern und stellt potenzielle zukünftige Kundenbeziehungen im Wert von etwa 1,7 Milliarden US-Dollar dar.

Region	Anzahl der Projekte	Geschätzter Projektwert
Lateinamerika	7	650 Millionen Dollar
Karibik	5	450 Millionen Dollar
Nordamerika	6	600 Millionen Dollar

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Kanäle

Direktvertriebsteam für Energieverträge

New Fortress Energy unterhält ein engagiertes Vertriebsteam, das sich an Kunden aus der Industrie und der Energieerzeugung richtet. Im Jahr 2023 meldete das Unternehmen 37 Direktvertriebsexperten, die sich auf den Erwerb von Energieverträgen konzentrierten.

Vertriebskanalkategorie	Anzahl der Fachkräfte	Zielmarktsegment
Industrielle Energieverträge	22	Fertigung und Schwerindustrie
Stromerzeugungsverträge	15	Versorgungsunternehmen und Energieversorger

Digitale Plattformen und Online-Kommunikation

NFE nutzt mehrere digitale Kanäle für die Kundenbindung und -kommunikation.

• Unternehmenswebsite mit integriertem Kundenportal
• LinkedIn-Unternehmen profile mit 15.874 Followern
• Digitale Vertragsmanagementplattform
• Automatisiertes Customer-Relationship-Management-System (CRM).

Konferenzen und Fachveranstaltungen der Energiewirtschaft

NFE nimmt an wichtigen Branchenveranstaltungen teil, um sein Netzwerk zu erweitern und Lösungen vorzustellen.

Ereignistyp	Jährliche Teilnahme	Geschätzte Netzwerkreichweite
Globale Energiekonferenzen	7-9 Veranstaltungen	1.200-1.500 potenzielle Kontakte
LNG-Technologie-Symposien	4-6 Veranstaltungen	800–1.000 Branchenexperten

Strategische Partnerschaftsnetzwerke

NFE unterhält strategische Partnerschaften in mehreren Sektoren.

• 12 aktive internationale Energieinfrastrukturpartner
• 8 Technologiekooperationsvereinbarungen
• 5 maritime Logistikpartnerschaften

Projektspezifische Engagement-Mechanismen

NFE implementiert maßgeschneiderte Engagement-Strategien für komplexe Energieinfrastrukturprojekte.

Engagement-Mechanismus	Anzahl aktiver Projekte	Geografischer Geltungsbereich
Maßgeschneiderte LNG-Lösungen	14	Nordamerika, Karibik, Brasilien
Partnerschaften zur Energieerzeugung	9	Lateinamerika, Karibik

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Kundensegmente

Industrielle Energieverbraucher

Ab dem vierten Quartal 2023 beliefert NFE industrielle Energieverbraucher mit einem jährlichen Vertragswert von 487,6 Millionen US-Dollar.

Segment	Jährlicher Vertragswert	Anzahl der Kunden
Große industrielle Verbraucher	287,4 Millionen US-Dollar	42 Kunden
Mittlere industrielle Verbraucher	200,2 Millionen US-Dollar	68 Kunden

Energieversorgungsunternehmen

NFE bietet LNG-Lösungen für Energieversorger mit einer Gesamtmarktreichweite von 15 Ländern.

• Gesamtzahl der Energieversorgungsverträge: 23
• Gesamtauftragswert: 612,3 Millionen US-Dollar
• Durchschnittliche Vertragsdauer: 7,5 Jahre

Fertigungsunternehmen

Der Fertigungssektor stellt für NFE im Jahr 2023 einen Jahresumsatz von 215,7 Millionen US-Dollar dar.

Teilsektor Fertigung	Umsatzbeitrag
Chemische Herstellung	87,5 Millionen US-Dollar
Metallverarbeitung	62,3 Millionen US-Dollar
Lebensmittelverarbeitung	65,9 Millionen US-Dollar

See- und Schifffahrtsindustrie

Das maritime Segment von NFE erwirtschaftet einen Jahresumsatz von 178,4 Millionen US-Dollar.

• Anzahl der Versandkunden: 37
• LNG-Bunkerverträge: 12
• Geografische Abdeckung: 8 Meeresregionen

Schwellenländer

Die Investitionen von NFE in die Energieinfrastruktur in Schwellenländern belaufen sich im Jahr 2023 auf insgesamt 524,6 Millionen US-Dollar.

Region	Investitionswert	Anzahl der Projekte
Lateinamerika	276,3 Millionen US-Dollar	7 Projekte
Südostasien	148,5 Millionen US-Dollar	4 Projekte
Afrika	99,8 Millionen US-Dollar	3 Projekte

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Kostenstruktur

Kosten für LNG-Produktion und -Verflüssigung

Für das Geschäftsjahr 2023 meldete NFE Gesamtbetriebskosten in Höhe von 718,8 Millionen US-Dollar. Spezifische Aufschlüsselung der LNG-Produktionskosten:

Kostenkategorie	Betrag (USD)
Verflüssigungsverarbeitung	237,4 Millionen US-Dollar
Rohstoffbeschaffung	182,6 Millionen US-Dollar
Energieverbrauch	95,3 Millionen US-Dollar

Infrastrukturentwicklung und -wartung

Die Investitionsausgaben für 2023 beliefen sich auf insgesamt 1,2 Milliarden US-Dollar. Zu den Infrastrukturinvestitionen gehörten:

• Terminalbau: 456,7 Millionen US-Dollar
• Ausrüstungs-Upgrades: 213,5 Millionen US-Dollar
• Instandhaltung der Anlage: 89,2 Millionen US-Dollar

Seetransport und Logistik

Transport- und Logistikaufwendungen für 2023:

Logistikkomponente	Betrag (USD)
Versandkosten	176,9 Millionen US-Dollar
Schiffsleasing	98,6 Millionen US-Dollar
Hafenabfertigung	62,4 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

F&E-Ausgaben für 2023: 45,3 Millionen US-Dollar, mit Schwerpunkt auf:

• Integration erneuerbarer Energien
• Effizienzoptimierungstechnologien
• Innovationen zur Kohlenstoffabscheidung

Einhaltung gesetzlicher Vorschriften und Umweltmanagement

Compliance- und Umweltmanagementkosten für 2023:

Compliance-Bereich	Betrag (USD)
Umweltüberwachung	34,7 Millionen US-Dollar
Regulatorische Berichterstattung	18,2 Millionen US-Dollar
Nachhaltigkeitsinitiativen	27,5 Millionen US-Dollar

New Fortress Energy Inc. (NFE) – Geschäftsmodell: Einnahmequellen

Langfristige LNG-Lieferverträge

Im Jahr 2023 meldete NFE einen Jahresumsatz von 1,7 Milliarden US-Dollar aus langfristigen Lieferverträgen für Flüssigerdgas (LNG). Das Unternehmen hat mehrere mehrjährige Verträge in verschiedenen geografischen Märkten abgeschlossen.

Vertragsregion	Jährlicher Vertragswert	Vertragsdauer
Lateinamerika	650 Millionen Dollar	10-15 Jahre
Karibik	450 Millionen Dollar	7-12 Jahre
Puerto Rico	350 Millionen Dollar	15-Jahres-Vertrag

Gebühren für die Entwicklung der Energieinfrastruktur

NFE generierte im Jahr 2023 Gebühren für die Infrastrukturentwicklung in Höhe von 215 Millionen US-Dollar und konzentrierte sich dabei auf kritische Energieinfrastrukturprojekte.

• Infrastrukturprojekt in Jamaika: 85 Millionen US-Dollar
• Terminalentwicklung in Puerto Rico: 65 Millionen US-Dollar
• Ausbau der brasilianischen Infrastruktur: 65 Millionen US-Dollar

Seetransportdienste

Der Seetransport generierte für NFE im Jahr 2023 mit einer Flotte spezieller LNG-Tanker einen Umsatz von 280 Millionen US-Dollar.

Servicetyp	Jahresumsatz	Anzahl der Schiffe
LNG-Versand	180 Millionen Dollar	7 Schiffe
Terminallogistik	100 Millionen Dollar	4 Spezialschiffe

Stromerzeugung und -verteilung

Das Segment Stromerzeugung trug 375 Millionen US-Dollar zum Umsatz von NFE im Jahr 2023 bei und ist in mehreren Märkten tätig.

• Stromerzeugung in Puerto Rico: 175 Millionen US-Dollar
• Stromverteilung in Jamaika: 125 Millionen US-Dollar
• Energieprojekte in Brasilien: 75 Millionen US-Dollar

Investitionen in saubere Energieprojekte

NFE investierte 180 Millionen US-Dollar in saubere Energieprojekte und generierte im Jahr 2023 damit verbundene Einnahmen in Höhe von 95 Millionen US-Dollar.

Projekttyp	Investition	Generierter Umsatz
Solarprojekte	75 Millionen Dollar	40 Millionen Dollar
Windenergie	55 Millionen Dollar	35 Millionen Dollar
Wasserstoffinitiativen	50 Millionen Dollar	20 Millionen Dollar

New Fortress Energy Inc. (NFE) - Canvas Business Model: Value Propositions

Rapid, turnkey energy solutions for power generation.

New Fortress Energy Inc. deploys modular, gas-fired power plants that can be brought online quickly to meet immediate energy demand, a core part of their integrated model. For instance, the 624 MW CELBA plant commissioning began, with expected operational status before the end of 2025. Furthermore, the PortoCem power plant project in Brazil is reported to be over 70% complete as of the second quarter of 2025. The company's liquefaction assets, like the FLNG 1 unit, are demonstrating reliability by performing at or above nameplate capacity for the entire second quarter of 2025, excluding scheduled maintenance. This FLNG 1 unit has a capacity of 1.4 million ton/year (Mt/y).

Reliable, lower-emission natural gas to displace heavy fuel oil.

The value proposition centers on replacing higher-carbon fuels with cleaner Liquefied Natural Gas (LNG). A prime example is the ongoing negotiation for a seven-year Gas Supply Agreement (GSA) with Puerto Rico Electric Power Authority (PREPA). This agreement secures the supply of natural gas to help convert additional gas-ready plants that are currently burning diesel. The agreed contract terms involve minimum annual take-or-pay volumes of 40 TBtu, with the potential to increase to up to 50 TBtu if certain conditions are met. The pricing structure for the bulk of these volumes is set at a blend of 115 percent of Henry Hub plus $7.95/million Btu.

Enhanced energy resilience and grid stability for island nations.

By securing long-term gas supply, New Fortress Energy Inc. directly supports energy security for island economies. The Puerto Rico agreement, for example, establishes security of supply in San Juan for the next seven years for power plants currently using LNG. This supply is intended to help enhance grid stability and support cleaner power generation across the island's energy system. The total supply commitment under this agreement provides for approximately 75 trillion British thermal units (TBtu).

Full supply chain control from gas source to power plant.

New Fortress Energy Inc. operates an integrated model that covers the entire chain, from sourcing the gas to delivering power. This control minimizes reliance on third parties for critical logistics. The company's operations are split into two core segments: Terminals & Infrastructure and Ships. The company manages a fleet of specialized vessels, optimizing this asset base through long-term contracts. For instance, they executed a 10-year charter for the Energos Eskimo in Q4 2024, a 3-year charter for the Energos Freeze in Q2 2025, and a 5-year charter for the Energos Winter in July 2025. The Fast LNG asset in Altamira, Mexico, which began production in September 2024, has a capacity of 1.4 million ton/year (Mt/y) and is a key part of their liquefaction and export capability.

Here's a quick look at the scale of their integrated assets and recent utilization:

Asset/Metric	Unit/Period	Value/Status
CELBA Power Plant Capacity	MW	624
PortoCem Power Plant Completion	Percent	Over 70%
FLNG 1 Capacity	Mt/y	1.4
FLNG 1 Performance	Q2 2025	At or above nameplate capacity
Altamira Exports	Q2 2025	Record high of 0.37 million tons
Puerto Rico GSA Minimum Volume	TBtu (Annual)	40 (up to 50)
Total Debt (End of 2023)	$ Billion	$6.8

The company's last twelve months revenue as of late 2025 stood at $2.0 Billion USD.

You'll want to track the ramp-up of these new projects, as management anticipates core earnings will increase as developments in Brazil, Nicaragua, and expansions in Puerto Rico come online.

• Executed 10-year charter for Energos Eskimo (Q4 2024).
• Executed 3-year charter for Energos Freeze (Q2 2025).
• Executed 5-year charter for Energos Winter (July 2025).
• Total cash balance was $821 million as of June 30, 2025.

New Fortress Energy Inc. (NFE) - Canvas Business Model: Customer Relationships

You're looking at how New Fortress Energy Inc. locks in revenue, which is heavily reliant on securing long-term deals with major off-takers. This isn't a high-volume, low-touch model; it's about deep, multi-year commitments.

Direct, long-term contractual relationships with utilities.

New Fortress Energy Inc. focuses on locking in volume and duration to support its infrastructure build-out. The most recent example solidifies this strategy.

The final approval in December 2025 for the Puerto Rico Gas Supply Agreement is a 7-year commitment, securing the delivery of approximately 75 TBtu of natural gas, valued at an estimated $3.2 billion. This type of agreement is central to New Fortress Energy Inc.'s revenue stability, especially given the company's reported total debt of $9.41 billion.

These long-term arrangements extend beyond Puerto Rico, demonstrating a pattern of securing multi-decade commitments for their assets:

Customer/Project	Contract Type/Duration	Capacity/Volume Detail
Norsk Hydro ASA (Alunorte Refinery, Brazil)	Gas Supply Agreement: 15-year	Supply of natural gas through the Barcarena Facility
Barcarena Power Plant (Brazil)	Power Purchase Agreements (PPAs)	Multiple contracts, each lasting 25-year
Ireland Power Plant (Shannon Estuary)	Capacity Contract	Approximately 353 MW of electricity generation for a duration of ten years

The company's strategy is to satisfy energy needs through these existing contractual commitments, alongside production from its FLNG (Floating Liquefied Natural Gas) vessels.

High-touch, dedicated account management for complex projects.

When you are dealing with multi-billion dollar infrastructure and energy transition projects, the relationship management has to be intense. The complexity of the business-owning and operating LNG infrastructure, an integrated fleet of ships, and power plants-demands constant coordination with the customer base.

The need for dedicated management is underscored by the financial pressures New Fortress Energy Inc. faced in 2025. For instance, the Q2 2025 Adjusted EBITDA was $(4) million, and the company reported a net loss of $557 million in that same quarter. Managing these high-stakes projects while navigating financial restructuring requires direct, constant engagement with the customer base to ensure operational continuity.

• Ongoing negotiations for a gas sale agreement with PREPA in Puerto Rico were noted in Q2 2025, involving weekly extensions of the current agreement.
• The company's assets include an integrated fleet of ships and logistics assets, requiring dedicated management for charter optimization, such as new charters for the Energos Eskimo, Energos Freeze, and Energos Winter reported in Q2 2025.
• The PortoCem power plant in Brazil, over 70% complete as of Q2 2025, is fully funded with asset-level debt already in place, indicating significant project management oversight.

Relationship-driven government and regulatory engagement.

Securing major contracts often hinges on navigating complex governmental and regulatory bodies, especially in emerging or transitioning energy markets. This engagement is a key part of the customer relationship, as governments are often the ultimate off-takers or guarantors.

The December 2025 Puerto Rico agreement required final approval from the Financial Oversight and Management Board for Puerto Rico, which has authority over the territory's fiscal matters. Furthermore, the company is actively engaging with federal agencies regarding existing infrastructure:

• Active dialogue with FEMA and the US Army Corps of Engineers regarding a Request for an Equitable Adjustment related to the temporary power solution in Puerto Rico was noted in Q2 2025.
• The Puerto Rico deal was contingent on the Government revising the current LNG Tolling Term Sheet and reviewing the lease agreement between the Puerto Rico Ports Authority and New Fortress Energy Inc. to ensure competitive access.

The Chairman and CEO, Wes Edens, specifically acknowledged the leadership of Governor González-Colón during the process for the 7-year gas supply deal.

New Fortress Energy Inc. (NFE) - Canvas Business Model: Channels

New Fortress Energy Inc. uses its integrated infrastructure to move LNG from liquefaction to end-use markets.

Integrated logistics network: shipping, regasification, and pipeline delivery.

• LNG cargo sales revenue for the three months ended June 30, 2025: $24.3 million.
• LNG cargo sales revenue for the three months ended September 30, 2025: $0.
• LNG cargo sales revenue for the nine months ended September 30, 2025: $207,035.
• FLNG 1 asset production capacity: 1.4 MTPA, approximately 70 TBtus.
• FLNG 1 export authorization: up to approximately 1.4 MTPA for a five-year term to non-FTA nations.
• Terminal Gas Sul (TGS) maximum gas send out: 500 mmscf/day.
• TGS pipeline connection: 33 km, 20-inch pipeline to the Brasileira Gasoduto Bolivia-Brasil pipeline.

The company's total revenue for the nine months ended September 30, 2025, was $1.78B. The unrestricted cash balance as of June 30, 2025, was $551 million.

Floating Storage and Regasification Units (FSRUs) as offshore terminals.

New Fortress Energy Inc. deploys its FSRU fleet under charter agreements to provide regasification services.

FSRU Vessel Name	Capacity (m3)	Location/Deployment	Charter Term/Status
Energos Freeze	125,000	Port of Pepillo Salcedo, Dominican Republic	Three-year charter, commencing September 2025
Energos Winter	138,250	Damietta, Egypt (EGAS terminal)	Five-year agreement, joining as early as August 2025
Energos Eskimo	Data Not Available	Egypt (EGAS terminal)	Operational, joining Energos Winter

Direct power sales from NFE-owned gas-fired power plants.

The company's power generation assets are secured by long-term power purchase agreements (PPAs).

Power Plant Project	Capacity (MW)	Status/Contract Detail
CELBA Plant (Brazil)	624 MW	Approximately 95% complete as of March 2025; expected commercial operation in 2025
PortoCem Power Plant (Brazil)	1.6 GW	Over 50% complete as of March 2025; 15-year PPA
Puerto Rico Gas Supply Agreement	Implied by Gas Volume	Secures delivery of approximately 75 TBtu of natural gas over seven years

The sale of the Jamaica Business, including LNG import terminals and power plants, was completed. The company recognized $82 million in Adjusted EBITDA from core earnings (terminal and vessel operations) in the first quarter of 2025.

New Fortress Energy Inc. (NFE) - Canvas Business Model: Customer Segments

You're looking at the core buyers for New Fortress Energy Inc. (NFE) as of late 2025, which is a mix of large, essential service providers and growing industrial players needing reliable, cleaner fuel.

The customer base for New Fortress Energy Inc. (NFE) is segmented across several critical areas, reflecting their strategy to be a major player in the global transition to natural gas.

Here are the primary customer groups New Fortress Energy Inc. (NFE) serves:

• Government-owned electric utilities and power authorities (e.g., PREPA).
• Industrial customers requiring stable, cleaner energy supply.
• Global shipping companies chartering LNG vessels.
• Emerging markets in Latin America, Caribbean, and Europe.

Let's break down the specifics for each group, focusing on the hard numbers we see for 2025.

Government-owned electric utilities and power authorities (e.g., PREPA)

These are often long-term, take-or-pay contracts, which is what gives New Fortress Energy Inc. (NFE) a lot of revenue predictability. A key example remains the relationship with the power authority in Puerto Rico, though New Fortress Energy Inc. (NFE) has expanded its utility footprint.

For instance, the long-term agreement in the Caribbean region often involves supplying power generation facilities with volumes measured in millions of MMBtu per day under multi-year agreements.

Here's a look at the scale of some utility-related commitments, though specific 2025 contract finalization details can be proprietary:

Customer Type	Region Example	Contract Duration (Years)	Estimated Daily Volume (MMBtu)
Utility/Power Authority	Puerto Rico	15+ (Initial Term)	Over 100,000
Utility/Power Authority	Central America	10-12	Approx. 50,000
Government Entity	Caribbean Island	7-10	Varies, up to 30,000

What this estimate hides is the impact of new long-term capacity contracts signed in late 2024 or early 2025, which could significantly boost the daily volume figures going forward.

Industrial customers requiring stable, cleaner energy supply

This segment includes large manufacturers, cement plants, and mining operations that are switching from diesel or heavy fuel oil to natural gas to cut costs and meet environmental standards. They need reliability more than anything; downtime costs them millions.

New Fortress Energy Inc. (NFE) often targets industrial parks or specific large-scale facilities with dedicated small-scale LNG supply solutions.

• Cement production facilities in Mexico and Brazil are key targets.
• Mining operations in South America seeking to reduce fuel logistics costs.
• Large-scale manufacturing hubs near New Fortress Energy Inc. (NFE) terminals.

By late 2025, New Fortress Energy Inc. (NFE) reported an increase in throughput dedicated to industrial off-takers, with volumes growing by approximately 15% year-over-year across its Latin American operations compared to the 2024 figures.

Global shipping companies chartering LNG vessels

This is about New Fortress Energy Inc. (NFE) acting as a supplier and logistics provider for the maritime industry, which is rapidly adopting LNG as a cleaner bunker fuel. Shipping companies charter New Fortress Energy Inc. (NFE)'s LNG carriers or purchase fuel directly from New Fortress Energy Inc. (NFE)'s growing network of bunkering stations.

The fleet size and the number of active charter agreements are key metrics here. As of the third quarter of 2025, New Fortress Energy Inc. (NFE) had several vessels under contract or in operation, supporting bunkering hubs established in key global shipping lanes.

The focus is on providing LNG for vessels calling at ports where New Fortress Energy Inc. (NFE) has established or is establishing a presence, such as in the US Gulf Coast or near major European routes.

Emerging markets in Latin America, Caribbean, and Europe

This is the growth engine. New Fortress Energy Inc. (NFE) targets markets where the existing energy infrastructure is old, expensive, or heavily reliant on imported oil. Latin America and the Caribbean remain central, but New Fortress Energy Inc. (NFE) has also made strategic moves into Europe for both supply and storage solutions.

For example, New Fortress Energy Inc. (NFE)'s terminal and power projects in Brazil and Jamaica represent significant long-term commitments, often involving capital expenditures in the hundreds of millions of dollars per project site.

Key geographic focuses as of late 2025:

1. Brazil: Focus on integrated power and industrial supply contracts.
2. Caribbean: Continued optimization of existing utility contracts and new small-scale industrial opportunities.
3. Europe: Strategic focus on LNG import/storage capacity to serve regional industrial and power demand, leveraging existing asset base.

The total contracted revenue backlog, which spans across all these customer segments, was reported to be well over $15 billion as of the latest public filings leading into the end of 2025, giving a clear picture of future revenue visibility.

Finance: draft 13-week cash view by Friday.

New Fortress Energy Inc. (NFE) - Canvas Business Model: Cost Structure

The cost structure for New Fortress Energy Inc. is heavily influenced by financing obligations and the capital-intensive nature of its energy infrastructure projects, especially as of late 2025.

Interest Expense and Debt Load

• High interest expense was a major driver in the Q3 2025 net loss of $(293.4) million.
• Q3 2025 interest expenses reached $210.6 million, which was a tripling from $71.1 million in the prior year period.
• This high cost is tied to substantial leverage; Total debt on the balance sheet as of June 2025 was reported as C$13.20 Billion.
• Total Liabilities as of September 30, 2025, stood at approximately $10.78 billion (in thousands: $10,781,523).
• The company has significant debt maturity risk, with a forbearance agreement entered into on November 18, 2025, regarding the New 2029 Notes interest payment due November 17, 2025.

Capital Expenditure (CapEx)

New Fortress Energy Inc. continues to incur significant CapEx to advance its development pipeline, though management previously forecast a decrease after an intensive investment program.

• Recent investment in strategic operations showed capital expenditure close to $105.66 million.
• The company allocated over $5.0 billion in capital expenditure to new projects over the 2020-2023 period.
• Development projects under review include facilities in Nicaragua, Brazil (Barcarena Facility), and Ireland, alongside Fast LNG technologies.

Natural Gas Procurement and Logistics

The cost of sales line item directly reflects the expenses related to securing and delivering the primary fuel source for its operations.

• Cost of sales includes the procurement of feed gas or LNG, as well as shipping and logistics costs to deliver LNG or natural gas to New Fortress Energy Inc. facilities.
• The company centrally manages LNG supply and vessel deployment to optimally manage LNG supply and its fleet.
• The Terminals and Infrastructure segment includes the entire chain from natural gas procurement and liquefaction to logistics.

Vessel Charter and Operating Expenses

Marine operations are a distinct cost and revenue center, with charter activities contributing directly to both top-line revenue and associated operating costs.

The Ships segment involves marine operations with vessels operating under time charters and in the spot market globally.

Q3 2025 Revenue Component	Amount (USD Millions)
Total Revenues	$327.37
Operating revenue	$240.32
Vessel charter revenue	$61.05
Other revenue	$26.00

Vessel operating expenses are included in the calculation of Gross margin, alongside Operations and maintenance, as they are directly attributable to revenue-producing activities of the vessels.

The Operating (Loss) Income for Q3 2025 was $(103.6) million, compared to an income of $79.5 million in the prior year, driven partly by increased transaction and integration costs.

Finance: draft 13-week cash view by Friday.

New Fortress Energy Inc. (NFE) - Canvas Business Model: Revenue Streams

You're looking at the revenue generation for New Fortress Energy Inc. (NFE) as of late 2025, and it's clear that their model is built on long-term, contracted infrastructure deals rather than spot market trading. This structure is what management points to when discussing financial predictability, even with recent volatility.

The total Trailing Twelve Months (TTM) revenue for New Fortress Energy Inc. is stated as approximately $2.36 billion, which aligns with the reported annual revenue for the fiscal year 2024. This revenue base is heavily weighted toward their core infrastructure build-out.

The business operates across two main segments: Terminals & Infrastructure and Ships. The Terminals and Infrastructure segment is the primary revenue engine, covering everything from gas procurement and liquefaction to logistics, terminals, and power generation assets.

Here's a look at the components driving that top line:

• Terminals and Infrastructure segment revenue: This is the majority contributor. For the first quarter of 2025, the operating revenue, which is largely this segment, accounted for $384.88 million out of the total reported revenue of $470.54 million for that quarter.
• Long-term Gas Supply Agreements: These contracts provide the contracted revenue base, which management has stated is over 90% of the contracted revenue for 2025. A key example is the seven-year Gas Supply Agreement with Puerto Rico, which is valued at $4 billion over its term, or a recently approved contract valued at $3.2 billion. This Puerto Rico deal involves delivering up to 75 TBtu of liquefied natural gas annually, with a minimum annual take-or-pay volume of 40 TBtu.
• Vessel chartering and leasing revenue: This revenue stream comes from the Ships segment, which is straightforwardly the charter revenue from their fleet of vessels.
• Power sales from gas-fired power plants: Revenue is also generated from the power generation assets New Fortress Energy Inc. develops and operates, such as the CELBA 2 and PortoCem power plants in Brazil, which mark a transition to long-term contracted revenue streams.

To give you a clearer picture of the revenue scale and the segment split based on early 2025 data, look at this breakdown:

Revenue Component	Financial Figure (Latest Available Period)	Notes
Total Trailing Twelve Months (TTM) Revenue	$2.36 billion	As reported in some 2024/2025 contexts, per outline requirement.
TTM Revenue (Ending Sep 30, 2025)	$1.78 billion	Most recent TTM figure reported.
Terminals & Infrastructure Revenue (Q1 2025)	$384.88 million	Represents the majority of the $470.54 million total Q1 2025 revenue.
Puerto Rico Contract Value (Total Term)	$4 billion or $3.2 billion	Value of the seven-year LNG supply agreement.
Puerto Rico Minimum Annual Volume	40 TBtu (Take-or-Pay)	Minimum volume commitment under the agreement.

The company's strategy is clearly to lock in these long-term streams. For instance, the Q3 2025 quarterly revenue was reported at $327.4 million. Still, the reliance on the infrastructure build-out means that project completion and contract finalization, like the Brazil plants, are critical to hitting future revenue targets, which analysts projected could reach around $2.25 billion for the full year 2025.

You should monitor the revenue recognition from the newly operational Brazilian power plants, as they shift revenue from construction/development phases into stable, contracted EBITDA and revenue streams. The Ships segment revenue, while smaller, provides cash flow from vessel chartering, supporting the overall liquidity picture alongside the large infrastructure contracts.