• In early December 2025, New Fortress Energy Inc. received final approval for a seven-year Gas Supply Agreement with Puerto Rico, securing delivery of approximately 75 TBtu of natural gas under an estimated US$3.20 billion contract to support the island’s cleaner power generation and grid stability.
• This long-term deal arrives as the company works through financial distress and restructuring talks, making the contracted cash-flow visibility especially important for its ongoing viability.
• We’ll now examine how this seven-year Puerto Rico LNG contract reshapes New Fortress Energy’s investment narrative and alters perceived risk-reward.

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New Fortress Energy Investment Narrative Recap

To own New Fortress Energy today, you need to believe its integrated gas to power model can survive current financial stress and eventually benefit from long dated LNG contracts in core markets like Puerto Rico. The new seven year, roughly US$3.20 billion Puerto Rico deal improves short term cash flow visibility, but it does not eliminate the immediate refinancing and restructuring risk that still appears to be the main near term catalyst for the stock.

Among recent announcements, the sharp rise in New Fortress Energy’s indicative borrow rate to about 82.79% stands out as highly relevant. It underlines how serious the company’s leverage and liquidity pressures have become, and why even substantial contract wins, such as the Puerto Rico GSA, sit alongside significant balance sheet risk that could influence how much value existing shareholders ultimately retain.

Yet behind the contract headlines, investors should also be aware that the company’s elevated borrowing costs and forbearance arrangements could...

New Fortress Energy's narrative projects $3.8 billion revenue and $557.9 million earnings by 2028. This requires 23.2% yearly revenue growth and an earnings increase of about $1.6 billion from -$1.0 billion today.

Uncover how New Fortress Energy's forecasts yield a $3.38 fair value, a 148% upside to its current price.

Exploring Other Perspectives

Six fair value estimates from the Simply Wall St Community span roughly US$0.09 to US$8.50 per share, showing very different views on New Fortress Energy’s potential. Against that wide spread, the company’s heavy reliance on a few key markets such as Puerto Rico gives those differing opinions real weight for how you think about future performance and risk.

Explore 6 other fair value estimates on New Fortress Energy - why the stock might be worth less than half the current price!

Build Your Own New Fortress Energy Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your New Fortress Energy research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free New Fortress Energy research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate New Fortress Energy's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.