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New Fortress Energy Announces Second Quarter 2021 Results and Reaffirms Dividend of $0.10 per Class A Common Share - Vimarsana News

New Fortress Energy Announces Second Quarter 2021 Results and Reaffirms Dividend of $0.10 per Class A Common Share

Press release content from Business Wire. The AP news staff was not involved in its creation.

Source: apnews.com
New Fortress Energy Announces First Quarter 2021 Results; Forms Joint Venture with Fortress Transportation and Infrastructure LLC Focused on Renewable and Clean Fuels; Declares Dividend of $0.10 per Class A Common Share - Vimarsana News

New Fortress Energy Announces First Quarter 2021 Results; Forms Joint Venture with Fortress Transportation and Infrastructure LLC Focused on Renewable and Clean Fuels; Declares Dividend of $0.10 per Class A Common Share

Quarterly revenue of $145.7 million, remaining stable from Q4 2020 Net loss was $39.5 million, as compared to the Q4 2020 net loss of $0.5 million, which was primarily a result of higher LNG cost in Q1 2021 vs. Q4 2020 as well as costs associated with Hygo and GMLP acquisitions Operating Margin* (4) decreased by $28.1 million in Q1 2021 vs Q4 2020, which is line with our expectations due to higher LNG cost Average daily volumes sold in Q1 2021 were approximately 1.4 million GPD *Operating Margin is a non-GAAP financial measure. For definitions and reconciliations of non-GAAP results please re...

New Fortress Energy Announces Fourth Quarter and Full Year 2020 Results; Final Investment Decision on - Vimarsana News

New Fortress Energy Announces Fourth Quarter and Full Year 2020 Results; Final Investment Decision on

Record quarterly revenue of $145.7 million, increasing $8.8 million from Q3 2020 Net loss was $0.5 million, as compared to the Q3 2020 net loss of $36.7 million Operating Margin* (6) was over $60 million, representing 42% of revenue in Q4 2020, improving from 38% of revenue in Q3 2020 Average daily volumes sold in Q4 2020 were approximately 1.4 million GPD In December 2020, issued $250.0 million of 6.75% senior secured notes, at a premium for net proceeds of $259 million Issued 5,882,352 shares of Class A common stock and received proceeds of $290.8 million *Operating Margin is a non-GAAP fin...