Benzinga | Aug 3, 2020 07:45AM EDT

New Fortress Energy: Q2 Earnings Insights

Shares of New Fortress Energy (NASDAQ:NFE) moved higher by 0.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 14.29% over the past year to ($0.24), which beat the estimate of ($0.30).

Revenue of $94,566,000 rose by 137.81% from the same period last year, which missed the estimate of $130,560,000.

Guidance

New Fortress Energy hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 03, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/o7ztiz9b

Technicals

52-week high: $22.05

Company's 52-week low was at $7.01

Price action over last quarter: Up 68.82%

Company Overview

New Fortress Energy LLC is an integrated gas-to-power company. The company is mainly engaged in providing modern infrastructure solutions to create a cleaner, reliable energy while generating a positive economic impact. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. Geographically, it has operations in North America, the Caribbean, and Europe.