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New Fortress Energy Announces Third Quarter 2021 Results and Declares Dividend of $ 0.10 per Class A Common Share November 2 , 2021 at 10:30 PM EDT NEW YORK -- ( BUSINESS WIRE ) -- Nov . 2 , 2021-- New Fortress Energy Inc. ( NASDAQ : NFE ) ( “ NFE ” or the " Company " ) today reported its financial results for the third quarter ending September 30 , 2021 . Third Quarter Highlights Record Total Segment Operating Margin ( ¹ ) in Q3 of approximately $ 210 million , beating Illustrative Total Segment Operating Margin Goal ( 2 ) of $ 208 million Illustrative Total Segment Operating Margin Goal for the 2nd half of 2021 expected to be $ 585 million , a 50 % increase from the Illustrative Total Segment Operating Margin Goal set in July FY 2022 Illustrative Total Segment Operating Margin Goal is on track for over $ 1.1 billion with significant earnings growth as Brazil , Ireland and Fast LNG come Online ( 3 ) Growth Continued energy shortages in Brazil have led to emergency power measures , including an auction in the South and Southeast region which took place in October : 1.2 GW of new power projects were awarded in the October auction with an average variable power price of $ 0.14 / kWh NFE positioned to supply LNG through the Santa Catarina terminal to over 400MW ( > 900k GPD of LNG forecasted ) of new power plants Supply period will be Q2 2022 through end of 2025 NFE and Norsk Hydro executed definitive commercial terms for a 15 - year LNG supply agreement utilizing NFE's Barcarena LNG terminal ~ 1.0m GPD to supply the Alunorte alumina refinery ( co - located with the Barcarena terminal ) starting Q1 2023 Development update NFE continues to make great progress on our first Fast LNG assets , which we intend to deploy through two distinct business lines : Tolling agreements with high credit quality counterparties to lock in stable cash flows similar to our current FLNG asset , the Hilli Merchant production where we maximize flexibility by supplying through our owned infrastructure or into the spot market at more profitable rates In Nicaragua , we are completing terminal and power plant construction in Q4 2021 , and we expect to begin commissioning of our power plant in Q1 2022 Our La Paz terminal in Baja California Sur , Mexico is fully Operational ( 3 )