New Historical Income Statement
| NFE Stock | USD 9.75 0.24 2.52% |
Historical analysis of New Fortress income statement accounts such as Interest Expense of 291.7 M can show how well New Fortress Energy performed in making a profits. Evaluating New Fortress income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of New Fortress's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining New Fortress Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether New Fortress Energy is a good buy for the upcoming year.
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About New Income Statement Analysis
New Fortress Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to New Fortress shareholders. The income statement also shows New investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
New Fortress Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts New Fortress Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of New Fortress Energy. It is also known as New Fortress overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on New Fortress Energy income statement and represents the costs associated with goods and services New Fortress provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from New Fortress' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into New Fortress Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At present, New Fortress' Interest Income is projected to increase significantly based on the last few years of reporting. The current year's Depreciation And Amortization is expected to grow to about 196.7 M, whereas Selling General Administrative is forecasted to decline to about 144.9 M.
| 2023 | 2024 (projected) | Depreciation And Amortization | 187.3M | 196.7M | Interest Income | 8.2M | 8.2M |
New Fortress income statement Correlations
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New Fortress Account Relationship Matchups
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New Fortress income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 439K | 4.8M | 12.5M | (123.4M) | 72.3M | 75.9M | |
| Net Interest Income | (19.4M) | (65.7M) | (154.3M) | (236.9M) | (281.4M) | (267.3M) | |
| Depreciation And Amortization | 11.4M | 33.2M | 98.8M | 142.6M | 187.3M | 196.7M | |
| Interest Expense | 19.4M | 65.7M | 154.3M | 236.9M | 277.8M | 291.7M | |
| Selling General Administrative | 152.9M | 124.2M | 199.9M | 236.1M | 227.1M | 144.9M | |
| Total Revenue | 189.1M | 451.7M | 1.3B | 2.4B | 2.4B | 2.5B | |
| Gross Profit | (21.1M) | 125.3M | 581.8M | 1.2B | 1.1B | 1.2B | |
| Other Operating Expenses | 376.4M | 607.0M | 1.0B | 1.6B | 1.5B | 743.1M | |
| Operating Income | (187.3M) | (155.4M) | 238.9M | 385.7M | 931.2M | 977.8M | |
| Net Income From Continuing Ops | (204.3M) | (264.0M) | 83.9M | 184.8M | 399.8M | 419.8M | |
| Ebit | (187.3M) | (193.4M) | 251.6M | 298.2M | 942.2M | 989.3M | |
| Ebitda | (175.8M) | (160.2M) | 350.5M | 440.8M | 1.1B | 1.2B | |
| Cost Of Revenue | 210.3M | 326.3M | 741.0M | 1.2B | 1.3B | 1.3B | |
| Total Operating Expenses | 166.1M | 280.7M | 298.3M | 378.7M | 205.1M | 199.5M | |
| Income Before Tax | (203.9M) | (259.1M) | 105.2M | 61.3M | 664.4M | 697.6M | |
| Total Other Income Expense Net | (16.6M) | (103.8M) | (133.7M) | (324.3M) | (266.8M) | (253.5M) | |
| Net Income Applicable To Common Shares | (33.8M) | (182.1M) | 97.1M | 194.5M | 223.7M | 234.8M | |
| Net Income | (204.3M) | (264.0M) | 97.1M | 194.5M | 547.9M | 575.3M | |
| Income Tax Expense | 439K | 4.8M | 12.5M | (123.4M) | 115.5M | 121.3M | |
| Minority Interest | 302.5M | 8.1M | (4.4M) | 9.7M | (5.0M) | (4.8M) | |
| Reconciled Depreciation | 8.6M | 33.3M | 99.5M | 143.6M | 162.3M | 170.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Fortress Energy is a strong investment it is important to analyze New Fortress' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Fortress' future performance. For an informed investment choice regarding New Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Fortress. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Fortress listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Dividend Share 0.4 | Earnings Share 0.91 | Revenue Per Share 11.791 | Quarterly Revenue Growth 0.103 |
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.