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.
Stay updated with breaking news from Committed Volumes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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...
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...