New Fortress Energy Inc. (NFE): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da transformação energética, a New Fortress Energy Inc. (NFE) surge como uma força pioneira, reimaginando o quão limpas e confiáveis ​​soluções de gás natural pode revolucionar a infraestrutura de energia global. Ao alavancar estrategicamente tecnologias avançadas de GNL, logística marítima e desenvolvimento inovador de projetos, o NFE não é apenas uma empresa - é um catalisador para o crescimento econômico e a transição de energia sustentável em mercados emergentes. Seu modelo abrangente de negócios Canvas revela uma abordagem sofisticada que vai além dos paradigmas de energia tradicionais, posicionando a NFE como um jogador crítico na mudança global em direção a soluções de energia mais eficientes e ambientalmente conscientes.

New Fortress Energy Inc. (NFE) - Modelo de Negócios: Principais Parcerias

Desenvolvedores e Operadores de Terminais de Gás Naturais Liquefeito (GNL)

A NFE estabeleceu parcerias estratégicas com os principais desenvolvedores e operadores de terminais de GNL em todo o mundo:

Parceiro	Localização	Detalhes da parceria
Samsung C&T Corporation	Jamaica	Construção e operação do terminal de GNL
Engenharia Hyundai	Porto Rico	Desenvolvimento de infraestrutura para instalações de GNL

Empresas de construção de infraestrutura de energia

A NFE colabora com as principais empresas de construção de infraestrutura:

• Bechtel Corporation - Parceria Global de Engenharia e Construção
• Fluor Corporation - Projetos de Desenvolvimento de Infraestrutura
• KBR Inc. - Serviços de Engenharia Técnica

Empresas internacionais de transporte marítimo e marítimo

Parceiro de remessa	Tamanho da frota	Escopo da parceria
Golar LNG Limited	13 navios de GNL flutuantes	Transporte marítimo e infraestrutura flutuante de GNL
Grupo ABS	Certificação marítima global	Conformidade de embarcações e consultoria técnica

Utilitários de geração de energia e consumidores de energia industrial

As principais gerações de energia e parcerias industriais da NFE incluem:

• Autoridade de energia elétrica de Porto Rico (Prepa)
• Empresa de Serviço Público da Jamaica
• Grandes fabricantes industriais na América Latina

Agências governamentais e órgãos regulatórios

Entidade governamental	País	Colaboração regulatória
Ministério da Energia	Jamaica	Aprovações de desenvolvimento de infraestrutura energética
Porto Rico Energy Bureau	Porto Rico	A conformidade regulatória e integração do setor de energia

New Fortress Energy Inc. (NFE) - Modelo de Negócios: Atividades -chave

Produção de GNL e Liquefação

A New Fortress Energy opera instalações de produção de GNL com uma capacidade total de 5,4 milhões de toneladas por ano a partir de 2023. A empresa possui instalações de liquefação ativa em:

• Jamaica
• Porto Rico
• México

Localização	Capacidade de produção (MTPA)	Status operacional
Jamaica	1.2	Totalmente operacional
Porto Rico	1.5	Totalmente operacional
México	2.7	Totalmente operacional

Desenvolvimento e gerenciamento de infraestrutura energética

A NFE investiu US $ 1,2 bilhão em projetos de infraestrutura de energia a partir de 2023. A empresa gerencia:

• 5 terminais de GNL
• 3 instalações de geração de energia
• Múltiplos ativos de transporte marítimo

Negociação e distribuição Global de GNL

Volumes de negociação e métricas -chave:

Métrica	2023 desempenho
Volume total de negociação de GNL	4,5 milhões de toneladas
Presença global do mercado	7 países
Receita anual de negociação	US $ 850 milhões

Desenvolvimento e implantação do projeto de energia limpa

O portfólio de energia limpa da NFE inclui:

• 2 projetos de produção de hidrogênio
• 3 iniciativas de integração de energia renovável
• Investimento total de US $ 350 milhões em energia limpa

Operações de transporte terminal e marítimo

Detalhes da infraestrutura marítima e de terminal:

Tipo de ativo	Número total	Capacidade
Transportadoras de GNL	8	350.000 dwt
Unidades de armazenamento flutuantes	3	450.000 metros cúbicos
Terminais em terra	5	6 milhões de toneladas por ano

New Fortress Energy Inc. (NFE) - Modelo de negócios: Recursos -chave

Instalações avançadas de liquefação de GNL

A New Fortress Energy opera várias instalações de liquefação de GNL com uma capacidade total de produção de 11,4 milhões de toneladas por ano a partir de 2023. As principais instalações incluem:

Localização	Capacidade (MTPA)	Status operacional
Miami, Flórida	2.4	Operacional
Jamaica	1.2	Operacional
Porto Rico	3.0	Operacional

Ativos estratégicos de transporte marítimo

A frota marítima da NFE inclui:

• 7 portadores de GNL
• Capacidade total da frota de 474.000 metros cúbicos
• Valor de mercado dos ativos marítimos: US $ 587 milhões (2023)

Experiência em engenharia técnica

Composição técnica da força de trabalho:

• Total de funcionários: 680
• Engenheiros: 42% da força de trabalho
• Experiência média de engenharia: 12,5 anos

Contratos de fornecimento de energia de longo prazo

Região	Duração do contrato	Volume anual (MTPA)
América latina	15 anos	3.6
Caribe	10 anos	2.4

Capital financeiro para investimentos em infraestrutura

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de ativos: US $ 4,2 bilhões
• Caixa e equivalentes: US $ 623 milhões
• Orçamento de investimento em infraestrutura: US $ 1,1 bilhão

New Fortress Energy Inc. (NFE) - Modelo de Negócios: Proposições de Valor

Fornecendo soluções de gás natural limpas, confiáveis ​​e acessíveis

A New Fortress Energy entregou 62,4 milhões de MMBtu de GNL em 2022, com uma capacidade terminal total de 175 mmcf/d em vários locais globais.

Métrica	2022 Valor
GNL total entregue	62,4 milhões de MMBTU
Capacidade terminal	175 mmcf/d
Mercados operacionais	7 países

Ativar a transição energética em mercados emergentes

A NFE opera em mercados emergentes com necessidades significativas de infraestrutura de energia, concentrando -se em países como Jamaica, Porto Rico e Brasil.

• Jamaica: convertido 100% da geração de eletricidade em gás natural
• Porto Rico: fornecendo soluções alternativas de energia
• Brasil: expandir a infraestrutura de gás natural

Reduzindo as emissões de carbono através da infraestrutura de gás natural

O NFE relatou reduzir aproximadamente 2,5 milhões de toneladas métricas de emissões equivalentes a CO2 em 2022 por meio de projetos de infraestrutura de gás natural.

Métrica de redução de emissão	2022 Valor
Emissões equivalentes a CO2 reduzidas	2,5 milhões de toneladas métricas
Redução da intensidade do carbono	30-50% em comparação com o carvão

Oferecendo soluções de energia flexíveis e escaláveis

A infraestrutura modular de GNL da NFE permite uma rápida implantação com despesas de capital de aproximadamente US $ 200-300 milhões por projeto terminal.

• Projeto de terminal modular
• Recursos de implantação rápida
• Adaptável a várias condições de mercado

Apoiar o desenvolvimento econômico através do acesso energético

A NFE investiu US $ 1,2 bilhão em projetos de infraestrutura de energia em mercados emergentes durante 2022, criando oportunidades econômicas em regiões carentes.

Métrica de investimento	2022 Valor
Investimento total de infraestrutura	US $ 1,2 bilhão
Empregos criados	Aproximadamente 500 empregos diretos

New Fortress Energy Inc. (NFE) - Modelo de Negócios: Relacionamentos do Cliente

Acordos de fornecimento de longo prazo com clientes industriais

A New Fortress Energy mantém acordos estratégicos de fornecimento de longo prazo com clientes industriais em vários setores. A partir do quarto trimestre de 2023, a Companhia garantiu contratos de fornecimento de gás natural liquefeito de 15 anos (GNL) com volumes contratados totais de aproximadamente 1,5 milhão de toneladas por ano.

Segmento de clientes	Duração do contrato	Volume anual (toneladas métricas)
Geração de energia	15 anos	750,000
Fabricação industrial	15 anos	500,000
Transporte	10 anos	250,000

Soluções de infraestrutura de energia personalizadas

O NFE fornece soluções de infraestrutura de energia personalizadas com investimentos, totalizando US $ 2,3 bilhões em terminais de GNL personalizados e projetos de infraestrutura a partir de 2023.

• Terminal da Jamaica LNG: US $ 250 milhões
• Infraestrutura de energia de Porto Rico: investimento de US $ 350 milhões
• Desenvolvimento do terminal Brasil: investimento de US $ 500 milhões

Suporte técnico e consultoria operacional

A empresa oferece suporte técnico abrangente com 87 profissionais de engenharia e suporte operacional dedicados em operações globais.

Categoria de suporte	Número de especialistas
Engenharia Técnica	45
Consultoria operacional	42

Plataforma digital para gerenciamento de energia

A plataforma de gerenciamento de energia digital da NFE atende 32 clientes industriais com recursos de monitoramento em tempo real e tecnologias de manutenção preditiva.

Engajamento contínuo através do desenvolvimento do projeto

A Companhia mantém o envolvimento ativo do desenvolvimento de projetos com 18 projetos de infraestrutura de energia em andamento em 6 países, representando possíveis relacionamentos futuros dos clientes, avaliados em aproximadamente US $ 1,7 bilhão.

Região	Número de projetos	Valor estimado do projeto
América latina	7	US $ 650 milhões
Caribe	5	US $ 450 milhões
América do Norte	6	US $ 600 milhões

New Fortress Energy Inc. (NFE) - Modelo de Negócios: Canais

Equipe de vendas diretas para contratos de energia

A New Fortress Energy mantém uma equipe de vendas dedicada direcionada a clientes industriais e de geração de energia. A partir de 2023, a empresa relatou 37 profissionais de vendas diretas focadas em aquisições de contratos de energia.

Categoria de canal de vendas	Número de profissionais	Segmento de mercado -alvo
Contratos de energia industrial	22	Indústrias de fabricação e pesado
Contratos de geração de energia	15	Utilitários e provedores de energia

Plataformas digitais e comunicação online

O NFE utiliza vários canais digitais para envolvimento e comunicação do cliente.

• Site da empresa com portal de clientes integrados
• LinkedIn Corporate profile com 15.874 seguidores
• Plataforma de gerenciamento de contratos digital
• Sistema de Gerenciamento de Relacionamento ao Cliente Automatizado (CRM)

Conferências do setor de energia e eventos comerciais

A NFE participa de eventos importantes do setor para expandir suas soluções de rede e mostrar.

Tipo de evento	Participação anual	Alcance estimado em rede
Conferências Globais de Energia	7-9 eventos	1.200-1.500 contatos em potencial
Simpósios de tecnologia de GNL	4-6 eventos	800-1.000 profissionais do setor

Redes de parceria estratégica

O NFE mantém parcerias estratégicas em vários setores.

• 12 parceiros ativos de infraestrutura de energia internacional
• 8 Acordos de colaboração de tecnologia
• 5 parcerias de logística marítima

Mecanismos de engajamento específicos do projeto

A NFE implementa estratégias de engajamento personalizadas para projetos complexos de infraestrutura de energia.

Mecanismo de engajamento	Número de projetos ativos	Escopo geográfico
Soluções de GNL personalizadas	14	América do Norte, Caribe, Brasil
Parcerias de geração de energia	9	América Latina, Caribe

New Fortress Energy Inc. (NFE) - Modelo de negócios: segmentos de clientes

Consumidores de energia industrial

A partir do quarto trimestre de 2023, a NFE atende aos consumidores de energia industrial com um valor anual de contrato de US $ 487,6 milhões.

Segmento	Valor anual do contrato	Número de clientes
Grandes consumidores industriais	US $ 287,4 milhões	42 clientes
Consumidores industriais médios	US $ 200,2 milhões	68 clientes

Utilitários de geração de energia

O NFE fornece soluções de GNL para as concessionárias de geração de energia, com um alcance total do mercado de 15 países.

• Contratos totais de utilidade de energia: 23
• Valor agregado do contrato: US $ 612,3 milhões
• Duração média do contrato: 7,5 anos

Empresas de manufatura

O setor manufatureiro representa US $ 215,7 milhões em receita anual para NFE em 2023.

Subsetor de fabricação	Contribuição da receita
Fabricação química	US $ 87,5 milhões
Processamento de metal	US $ 62,3 milhões
Processamento de alimentos	US $ 65,9 milhões

Indústrias marítimas e de navegação

O segmento marítimo da NFE gera US $ 178,4 milhões em receita anual.

• Número de clientes de remessa: 37
• Contratos de bunking de GNL: 12
• Cobertura geográfica: 8 regiões marítimas

Economias de mercado emergentes

Os investimentos emergentes de infraestrutura de energia do mercado da NFE totalizam US $ 524,6 milhões em 2023.

Região	Valor de investimento	Número de projetos
América latina	US $ 276,3 milhões	7 projetos
Sudeste Asiático	US $ 148,5 milhões	4 projetos
África	US $ 99,8 milhões	3 projetos

New Fortress Energy Inc. (NFE) - Modelo de negócios: estrutura de custos

Despesas de produção e liquefação de GNL

Para o ano fiscal de 2023, a NFE registrou despesas operacionais totais de US $ 718,8 milhões. Redução de custos de produção específica de GNL:

Categoria de custo	Quantidade (USD)
Processamento de liquefação	US $ 237,4 milhões
Aquisição de matéria -prima	US $ 182,6 milhões
Consumo de energia	US $ 95,3 milhões

Desenvolvimento e manutenção de infraestrutura

As despesas de capital para 2023 totalizaram US $ 1,2 bilhão, com investimentos em infraestrutura, incluindo:

• Construção do terminal: US $ 456,7 milhões
• Atualizações de equipamentos: US $ 213,5 milhões
• Manutenção da instalação: US $ 89,2 milhões

Transporte marítimo e logística

Despesas de transporte e logística para 2023:

Componente de logística	Quantidade (USD)
Custos de envio	US $ 176,9 milhões
Leasing de embarcações	US $ 98,6 milhões
Manuseio de portas	US $ 62,4 milhões

Investimentos de pesquisa e desenvolvimento

Despesas de P&D para 2023: US $ 45,3 milhões, com foco em:

• Integração de energia renovável
• Tecnologias de otimização de eficiência
• Inovações de captura de carbono

Conformidade regulatória e gestão ambiental

Custos de conformidade e gestão ambiental para 2023:

Área de conformidade	Quantidade (USD)
Monitoramento ambiental	US $ 34,7 milhões
Relatórios regulatórios	US $ 18,2 milhões
Iniciativas de sustentabilidade	US $ 27,5 milhões

New Fortress Energy Inc. (NFE) - Modelo de negócios: fluxos de receita

Contratos de fornecimento de GNL de longo prazo

A partir de 2023, a NFE registrou receita anual de US $ 1,7 bilhão de contratos de fornecimento de gás natural liquefeito de longo prazo (GNL). A empresa garantiu vários acordos de vários anos em diferentes mercados geográficos.

Região do contrato	Valor anual do contrato	Duração do contrato
América latina	US $ 650 milhões	10-15 anos
Caribe	US $ 450 milhões	7-12 anos
Porto Rico	US $ 350 milhões	Contrato de 15 anos

Taxas de desenvolvimento de infraestrutura energética

A NFE gerou US $ 215 milhões em taxas de desenvolvimento de infraestrutura em 2023, com foco em projetos críticos de infraestrutura de energia.

• Projeto de infraestrutura da Jamaica: US $ 85 milhões
• Desenvolvimento do terminal de Porto Rico: US $ 65 milhões
• Expansão de infraestrutura brasileira: US $ 65 milhões

Serviços de transporte marítimo

O transporte marítimo gerou US $ 280 milhões em receita para a NFE em 2023, com uma frota de transportadoras de GNL dedicadas.

Tipo de serviço	Receita anual	Número de embarcações
Frete de GNL	US $ 180 milhões	7 navios
Logística do terminal	US $ 100 milhões	4 navios especializados

Geração e distribuição de energia

O segmento de geração de energia contribuiu com US $ 375 milhões para a receita de 2023 da NFE, com operações em vários mercados.

• Geração de energia de Porto Rico: US $ 175 milhões
• Distribuição da Jamaica Power: US $ 125 milhões
• Projetos de energia do Brasil: US $ 75 milhões

Investimentos de projeto de energia limpa

A NFE investiu US $ 180 milhões em projetos de energia limpa, gerando US $ 95 milhões em receitas associadas durante 2023.

Tipo de projeto	Investimento	Receita gerada
Projetos solares	US $ 75 milhões	US $ 40 milhões
Energia eólica	US $ 55 milhões	US $ 35 milhões
Iniciativas de hidrogênio	US $ 50 milhões	US $ 20 milhões

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.