New Fortress Energy Inc. (NFE) Form 10-Q — Aug 6, 2026

$NFEForm 10-QFiled Aug 6, 2026, 4:19 PM ET0001749723-26-000106Original filing

New Fortress Energy's Q2 2026 10-Q discloses substantial doubt about the company's ability to continue as a going concern, following missed interest and principal payments that triggered events of default on the New 2029 Notes, Term Loan A, Term Loan B, the Revolving Facility, the 2026 Notes and the 2029 Notes. The quarter showed a net loss of $373.0 million, or $1.30 per share, on revenue of $312.5 million, alongside $8.86 billion of total debt — $6.73 billion of it classified as current — and a stockholders' deficit of $432.4 million.

Key figures

Eps: -$1.30 Q2 2026 basic and diluted; -$2.70 H1 2026
Revenue: $312.5 million Q2 2026; $539.5 million H1 2026
Net Income: -$373.0 million Q2 2026; -$773.6 million H1 2026
Total Debt: $8.86 billion ($6.73 billion current, $2.13 billion long-term)
Revenue Yoy: +2.8% Q2 2026 YoY; -30.5% H1 2026 YoY
Total Assets: $10.73 billion
Cash Position: $161.2 million cash and equivalents plus $339.0 million restricted cash at June 30, 2026
Shares Outstanding: 285634650
Q2 operating loss: -$148.7 million
Q2 interest expense: $226.7 million
Rsa termination date: September 15, 2026 (extendable to December 31, 2026)
Stockholders deficit: -$432.4 million at June 30, 2026
New coreco term loans: ~$571.3 million senior secured term loans to creditors
Flng2 preferred equity: $200 million
H1 operating cash flow: -$278.2 million
Reverse split authorized: 1-for-50
Macquarie turbine proceeds: $265.9 million
New brazil notes principal: $973.5 million at 12% paid-in-kind, due November 15, 2029
H1 asset impairment expense: $61.9 million
Minimum liquidity threshold: $100 million
Q2 segment operating margin: $55.1 million
Flng2 nonrecourse term loans: $400 million
Restructuring expected close: Q3 2026
Missed interest new 2029 notes: $163.8 million
Senior capital raise term loans: up to $35 million
Common stock retained post restructuring: 35% of Class A shares before incentive plan and preferred conversion
Preferred conversion fully diluted ownership: 87% of fully diluted Class A stock upon mandatory conversion
Coreco convertible preferred liquidation preference: ~$2.46 billion

Price after filing

1 day: -3.6%7 days: -6.0%30 days: -20.9%

Close on the filing date to close N calendar days later (from $0.35). Historical, not a forecast.

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