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...
Source: benzinga.com
