Recent Updates — NFE
New Fortress Energy Inc. has agreed to lease ten mobile turbines, capable of generating up to 300 megawatts of power, to a US-based investment-grade company under an initial five-year term. Deliveries are expected in stages starting in the fourth quarter of 2026 and concluding in the first quarter of 2027. The transaction is anticipated to be accretive to earnings and enhance liquidity. Additionally, the company confirmed that its FLNG 1 liquefier remains on track to return to service in the fourth quarter of 2026 following discussions with the turbine manufacturer. New Fortress Energy Inc. operates natural gas and LNG infrastructure and logistics assets to deliver energy solutions globally.
New Fortress Energy Inc. completed a comprehensive restructuring of its principal funded debt obligations on September 11, 2026, separating into two entities: CoreCo (retaining non-Brazil assets) and BrazilCo. The transaction involved exchanging obligations for approximately $571.3 million in new senior secured term loans, 2,454,936 shares of Series A mandatorily convertible preferred stock with a $2.46 billion liquidation preference, 10,608,922 shares of common stock (65% post-split), and $600 million in FLNG 2-related debt and equity. The company also raised $136.5 million in new financing and amended its letter of credit facility to $250 million. A 1-for-50 reverse stock split was effected on the closing date. New Fortress Energy Inc. operates in the energy infrastructure sector, specializing in liquefied natural gas (LNG) production, storage, and regasification.
New Fortress Energy Inc. consummated a comprehensive restructuring of its principal funded debt obligations on September 11, 2026, pursuant to UK Restructuring Plans sanctioned by the High Court of Justice of England and Wales and recognized under Chapter 15 of the U.S. Bankruptcy Code. The transaction separated the company into two entities: CoreCo, retaining non-Brazil assets, and BrazilCo, comprising Brazilian businesses. Approximately $5.7 billion in third-party debt was extinguished, with creditors receiving 100% of BrazilCo equity, $571.3 million in new senior secured term loans for CoreCo, 2,454,936 shares of Series A Mandatorily Convertible Preferred Stock, and 10,608,922 shares (65%) of CoreCo common stock. The company also raised $136.5 million in new financing through a combination of senior and junior term loans. Concurrently, the board was reconstituted with five new directors appointed by creditors, six existing directors resigned, and the board size decreased to seven members. The filing effects a 1-for-50 reverse stock split effective September 11, 2026, and amends the certificate of incorporation to remove the staggered board structure. New Fortress Energy Inc. operates in the global energy infrastructure sector, owning and operating natural gas, liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets.
On September 3, 2026, New Fortress Energy Inc.'s Board appointed Frederick Hundt as interim Chief Financial Officer while the company searches for a permanent replacement. Hundt, age 49, previously served as Global Controller and Chief Accounting Officer since July 1, 2026, after joining in June 2025. He brings over 25 years of experience from roles at GXO Logistics and Mastercard. This executive change is material as it impacts the company's financial leadership structure. New Fortress Energy Inc. operates in the energy infrastructure industry, specializing in liquefied natural gas (LNG) terminals and midstream assets.
On August 17, 2026, Christopher S. Guinta announced his resignation as Chief Financial Officer of New Fortress Energy Inc., effective August 21, 2026. The company intends to commence a search process involving both internal and external candidates to identify a new Chief Financial Officer. This executive departure represents a material change in the company's senior leadership team. New Fortress Energy Inc. operates in the energy infrastructure industry, specializing in liquefied natural gas (LNG) and renewable fuel logistics.
NFE Brazil Financing Limited issued $973.5 million in 12.000% senior secured notes due 2029. The proceeds will be used to refinance $477 million of existing debt and fund operations, capital expenditures, and restructuring costs. New Fortress Energy Inc. is an energy infrastructure company providing natural gas solutions.