New Fortress Energy: Q1 Earnings Insights

New Fortress Energy NFE reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

New Fortress Energy beat estimated earnings by 175.61%, reporting an EPS of $1.13 versus an estimate of $0.41.

Revenue was up $359.43 million from the same period last year.

Last quarter the company missed on EPS by $0.19 which was followed by a 5.52% increase in the share price the next day.

Here's a look at New Fortress Energy's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.91	0.32	0.16	0.01
EPS Actual	0.72	-0.05	-0.03	-0.21
Revenue Estimate	446.21M	366.00M	340.09M	162.46M
Revenue Actual	648.63M	304.66M	223.84M	145.68M

To track all earnings releases for New Fortress Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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