New Fortress Energy reports Q2 adjusted EPS 58c, consensus 51c

Reports Q2 revenue $561.3M, consensus $588.2M. “We are at an exciting period in the Company’s history as we near the end of our large-scale buildout with more than $3.2 billion of high-quality, contracted projects entering service over the next 90 days. We expect a significant increase in free cash flow as these projects enter service and capital expenditures decline. Our focus is on significantly growing cash flows from our portfolio, operational execution, deleveraging, and low cost, high return organic growth opportunities,” said Wes Edens, Chairman and CEO of New Fortress Energy.