New Fortress Energy: Expansion in Puerto Rico Energy Sector As A Vital Factor Driving Growth!

New Fortress Energy, a company involved in the development and operationalization of liquefied natural gas (LNG) projects, reported its third-quarter 2024 earnings. Overall, New Fortress Energy achieved an adjusted EBITDA of $176 million, aligning with prior forecasts. Operational highlights include the progress of the Fast LNG (FLNG) unit, which met and exceeded nameplate capacity in trials. This positions the unit favorably, even as operational optimization and maintenance reduced fourth-quarter guidance. Within the Brazil segment, notable progress is being made on construction projects, notably the Salva 2 power plant which is 80% complete and ahead of schedule.