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U.S. liquefied natural gas firm New Fortress Energy said on Friday it had completed its restructuring plan, bringing its debt down to $700 million from $5.7 billion.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its direct and indirect subsidiaries, “NFE” or the “Company”) is pleased to announce that it has successfully completed its restructuring and recapitalization transaction in relation to the consensual UK Restructuring Plan (the "UK RP") between its subsidiaries and certain of their creditors (the “Plan Creditors”). The UK RP was approved on June 18, 2026 and recognition of the UK RP was confirmed by the United Stat.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced an update on the previously announced reverse stock split of the Company's Class A common stock, par value $0.01 per share, at a ratio of 1-for-50 (the “Reverse Stock Split”). The Company expects trading of its Class A common stock to be halted prior to 8:00 p.m. Eastern Time on September 10, 2026. The Company's Class A common stock is expected to begin trading on a split-adjusted basis on the Nasd.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced that its Board of Directors has approved a reverse stock split of the Company's Class A common stock, par value $0.01 per share, at a ratio of 1-for-50 (the "Reverse Stock Split"). The Reverse Stock Split is intended to help the Company regain compliance with the minimum bid price requirement for continued listing of its Class A common stock on the Nasdaq Global Select Market. The Reverse Stock Spl.
New Fortress Energy said on Friday its Chief Financial Officer, Christopher Guinta, would step down, effective August 21, 2026.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
New Fortress Energy operates global liquefied natural gas infrastructure but is currently navigating a complex financial restructuring. ONEOK provides a stable, fee-based midstream pipeline network that achieved significant revenue growth and multi-billion dollar profits in 2025.
New Fortress Energy said on Thursday a UK court approved a restructuring plan for two of its subsidiaries, advancing the U.S. LNG company's efforts to reorganize debt obligations.