What was the total reduction in New Fortress Energy's debt following its restructuring, and what were the key structural changes implemented?

New Fortress Energy reduced its debt from $5.7 billion to $700 million, extinguishing nearly $5.7 billion of third-party debt. As part of the restructuring, its Brazilian business was separated into a standalone entity called BrazilCo, while the remaining operations became New NFE; the company received all equity of BrazilCo and, in New NFE, holds preferred equity with $2.45 billion liquidation preference, 65% of common equity, and nearly $571.3 million of term loans, alongside $136.5 million in new financing.

According to CEO Wes Edens, how has New Fortress Energy’s corporate structure and asset profile changed after the restructuring?

According to CEO Wes Edens, the company is now 'much simpler and more streamlined' and owns a portfolio of critical LNG and power assets, including a substantial and growing LNG portfolio, terminal operations and logistics in Mexico and Puerto Rico, and a 735-megawatt power and turbine portfolio.

New Fortress completes restructuring, cuts debt to $700 million

Sep 11, 2026

U.S. liquefied natural gas firm New Fortress Energy completed its restructuring plan, reducing debt from $5.7 billion to $700 million by separating its Brazilian operations. The company now holds a streamlined portfolio of critical LNG and power assets following the deal.

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