Earnings release
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New Fortress Energy Announces First Quarter 2021 Results ; Forms Joint Venture with Fortress Transportation and Infrastructure LLC Focused on Renewable and Clean Fuels ; Declares Dividend of $ 0.10 per Class A Common Share May 7 , 2021 at 12:07 AM EDT NEW YORK -- ( BUSINESS WIRE ) -- May 7 , 2021-- New Fortress Energy Inc. ( NASDAQ : NFE ) ( “ NFE ” or the " Company " ) today reported its financial results for the first quarter ending March 31 , 2021 . Business Highlights Closed previously announced acquisitions of Hygo Energy Transition Ltd. ( “ Hygo ” ) and Golar LNG Partners LP ( " GMLP " ) for $ 5.1bn enterprise value Development projects are advancing on budget and schedule ( 1 ) Our Mexico and Nicaragua terminals are expected to be operational ( 2 ) in Q2 2021 Our first ISO Flex vessel has arrived in La Paz and two more expected in Nicaragua in Q2 2021 We are FID ( 3 ) and currently developing new terminals at Santa Catarina , Barcarena , and Suape in Brazil We continue to make great progress on our Fast LNG asset which we expect will provide us with surety of stable supply at rates well below the current open market prices Actively engaging with gas suppliers around the globe to supply long - term , fixed - price feedstock Secured two world class jack up rigs from Maersk Progressed engineering and design , complete with full operational simulations and deployment scenarios