Is New Fortress Energy going out of business?

New Fortress Energy Inc. (NFE) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

New Fortress Energy Inc. (NFE) scores 9 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)

Five questions, kept separate

Survival - Critical

1-2 mo of estimated runway from 2026-06-30, based on $161M of cash and short-term investments against $2.0B of annual burn. Debt pressure is the other decisive risk.

Business quality - Poor

-86.3% operating margin and -157.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Contracting

Revenue weakened 37.4%; operating margin weakened 81.8pp; FCF margin weakened 2.6pp. A Q4 estimate uses filing bases that conflict.

Valuation - Extreme expectations

-2119.8% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 3 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -157.50%
• Revenue CAGR (3Y): -19.39%
• ROE quality: 340.22%
• Return on Assets: -17.56%
• Net income trend: 31.75% (Loss narrowing)
• Gross margin (industrial): 32.68%
• Asset Efficiency: 0.12x
• Debt Maturity Runway: 24% long-term (Near-term refinancing risk)
• Cash Burn Deceleration: -61.86% QoQ improvement (Worsening)
• Revenue Quality: Quality concerns (DSO +31d, Rev +3%)

Read from filings through 2026-08-21.

Price as of 2026-09-11.