New Fortress Energy, Inc. (NASDAQ:NFE) Q4 2024 Results Conference Call March 3, 2025 5:00 PM ET
Company Participants
Matt Reinhard – Managing Director
Wes Edens – Chairman and Chief Executive Officer
Chris Guinta – Chief Financial Officer
Jeremy Dawson – Vice President of Business Development
Conference Call Participants
Ben Nolan – Stifel
Chris Robertson – Deutsche Bank
Sherif Elmaghrabi – BTIG
Craig Shere – Tuohy Brothers
Wade Suki – Capital One
Operator
Good day, and welcome to the NFE Fourth Quarter 2024 Earnings Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Matt Reinhard, Managing Director for introductory remarks. Please go ahead.
Matt Reinhard
Thank you, and good afternoon, everyone. Thank you for joining today’s conference call, where we will discuss our fourth quarter and full year 2024 results. This 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, I’ll turn it over to our Chairman and CEO, Wes Edens.
Wes Edens
Alright. Great, Matt, and thanks, everyone, for dialing in. So let’s just jump into it here and start with the presentation that we sent out. So starting on Page 3, quarterly financial results and annual financial results.
So very, very good quarter, concluding a very, very good year. $313 million in EBITDA for the quarter. That’s roughly a 50% increase over the guidance that we had previously provided. So it was a big beat for that. Very positive outlook for 2025 and beyond. We were confirming our guidance of $1 billion for this year in total. So by the numbers, a very, very good report. The
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