New Fortress Energy reaffirms FY24 adjusted EBITDA view $2.4B

The company said: “Expecting an increase in earnings and decrease in capex in the second half of 2023 through 2024 as we place $3.2B of invested capital projects online over the next 90 days. Capital expenditures for 2024 to decline to $250M to reflect completion of a number of our projects. Illustrative Adjusted EBITDA Guidance for 2023 revised to $1.6B to reflect lower expected cargo earnings and timing of infrastructure projects coming online, while 2024 guidance reiterated at $2.4B.”