New Fortress Energy Inc. reported a wider second-quarter loss on September 6, 2025, with total revenues of $772.228 million for the six months ended June 30, 2025. The company posted a net loss of $754.200 million for the same period, significantly impacted by a goodwill impairment expense of $582.172 million and an asset impairment expense of $117.558 million.
Operating cash flow for the six months ended June 30, 2025, was a negative $384.156 million. The company's TTM Gross Profit Margin stood at 35.57%, TTM Operating Profit Margin at -4.76%, TTM Net Profit Margin at -48.02%, and TTM EBITDA Margin at -17.26%.
Critically, management concluded that there is 'substantial doubt as to the Company’s ability to continue as a going concern' due to current liquidity and forecasted cash flows. The company also failed to provide a required $79.1 million bank guarantee to PortoCem Debenture holders by August 17, 2025, which could trigger an early maturity event for substantially all outstanding indebtedness. New Fortress Energy anticipates non-compliance with certain covenants in its Revolving Facility, Letter of Credit Facility, and Term Loan A Credit Agreement for Q3 2025, despite forecasting full-year 2025 EBITDA plus gains of $1.25 billion to $1.5 billion and 2026 EBITDA of $1.3 billion.
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