New Fortress Energy Discloses Liquidity Plan in Delayed Filing

New Fortress Energy’s shares are up as much as 36.4%, the most intraday since the company’s IPO in 2019, after management approved a plan to support its liquidity position, the company said in a delayed 10-Q quarterly report due from the first quarter of the year.

• Filing on Monday says co. has availability of a backstop agreement from March 2025 that provides for $100 million of liquidity
  • Going concern first flagged by company earlier this year
• Company reported $3.3 billion in its LNG liquefaction facilities as of end of December 2024; costs represent overruns at its floating project offshore ...