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These Analysts Slash Their Forecasts On New Fortress Energy Following Q2 Results
New Fortress Energy Inc. (NASDAQ:NFE) reported worse-than-expected second-quarter financial results on Friday.
New Fortress Energy reported quarterly losses of 41 cents per share which missed the analyst consensus estimate of 7 cents per share. The company reported quarterly sales of $428.01 million which missed the analyst consensus estimate of $509.24 million, according to data from Benzinga Pro.
"Our Adjusted EBITDA in the second quarter of $120 million was well below our expectation of $275 million. This was largely the result of delays in placing our FLNG 1 project into service, which was originally expected to occur ...