Recap: New Fortress Energy Q1 Earnings

New Fortress Energy (NASDAQ:NFE) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.

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

New Fortress Energy beat estimated earnings by 9.76%, reporting an EPS of $0.9 versus an estimate of $0.82.

Revenue was up $74.01 million from the same period last year.

Last quarter the company beat on EPS by $0.34 which was followed by a 1.09% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.53	0.77	0.50	0.41
EPS Actual	0.87	0.41	0.69	1.13
Revenue Estimate	734.38M	618.64M	654.41M	501.72M
Revenue Actual	546.37M	731.93M	584.86M	505.12M

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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