New Fortress Energy, Inc. (NASDAQ:NFE) Q1 2025 Earnings Conference Call May 14, 2025 4:30 PM ET
Company Participants
Matt Reinhard – MD
Wes Edens – Chairman & CEO
Leandro Cunha – MD, NFE Brazil
Jeremy Dawson – VP, Business Development
Chris Guinta – CFO
Conference Call Participants
Gregory Lewis – BTIG
Chris Robertson – Deutsche Bank
Wade Suki – Capital One
Craig Shere – Tuohy Brothers
Tarek Hamid – JPMorgan
Operator
Good day, and welcome to the NFE First Quarter 2025 Earnings Call. Today’s conference is being recorded.
At this time, I will be handing the call over to Matt Reinhard, Managing Director, for introductory remarks.
Matt Reinhard
Good afternoon, everyone. Thank you for joining today’s conference call, where we will be discussing our first quarter 2025 results.
The call is being recorded and will be available by replay on the Investors section of our website under the subheading Events and Presentations. At the same location, you will find a presentation that we will walk through on today’s call.
Please review this as it includes important information on forward-looking statements and non-GAAP measures.
With that, let me hand the call over to our Chairman and CEO, Wes Edens. Wes?
Wes Edens
Great. Thanks, Matt. Welcome, everyone.
So lots to go through here this afternoon and I’ll try and make my own statements brief. Start with the core earnings for the quarter, very much in line with expectation. If you look at the yellow boxes on the piece of paper, you can see that post the first quarter of 2024, which is the last quarter that we had the FEMA claims online in Puerto Rico, we’ve had basically extremely consistent core earnings $110 million, $177 million but then $109 million, $116 million, so very much in line with that. Our forecast for the core earnings for the remainder of the year are basically
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