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New Fortress Energy seeks to delay quarterly filing amid debt restructuring talks
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New Fortress Energy seeks to delay quarterly filing amid debt restructuring talks
Nov 12, 2025 3:37 PM

Nov 12 (Reuters) - New Fortress Energy ( NFE ) has

sought more time to file its third-quarter results, the U.S.

liquefied natural gas company said on Wednesday, as it

negotiates a debt restructuring amid an upcoming interest

payment.

The company, which has delayed its quarterly filings

throughout this year, said the outcome of the talks could affect

what it discloses in its financial statements for the three

months ended September 30.

New Fortress said it would assess how potential defaults

under its debt agreements could affect its cash position if the

extension is not granted.

Long-term debt stood at $7.8 billion, as of June 30.

The company has struggled to secure long-term LNG supply for

power plants in Latin America because it lacks an

investment-grade credit rating, forcing it to buy fuel at higher

prices.

The vast majority of the company's revenue is generated

outside the United States, primarily from Latin America and the

broader Caribbean region.

Last year, New Fortress began exploring options such as

bringing in strategic partners or selling assets after deferring

shareholder dividends to preserve cash and working out a deal

with bondholders to push back maturities.

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