Terminals & Infrastructure was New Fortress Energy’s largest segment in fiscal 2025, bringing in $1.38B of $1.50B (92%).
| Segment | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Terminals & Infrastructure | $2.17B | $2.14B | $2.04B | $1.38B | |||
| Ships | $444.62M | $293.61M | $170.59M | $119.34M | |||
| Terminals & Infrastructure Includes The Company's Vertically Integrated Gas To Power Solutions, Spanning The Entire Production And Delivery Chain From Natural Gas Procurement And Liquefaction To Logistics, Shipping, Facilities And Conversion Or Development Of Natural Gas-Fired Power Generation. Leased Vessels As Well As Acquired Vessels That Are Utilized In The Company's Terminal Or Logistics Operations Are Included In This Segment | — | — | — | — | |||
| Consolidation & Other | -$244.91M | -$45.89M | $146.78M | — | |||
| Total | $2.37B | $2.39B | $2.36B | $1.50B |
New Fortress Energy brought in $1.50B from its two segments in fiscal 2025, the year ended December 31, 2025. New Fortress Energy regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $2.36B. Terminals & Infrastructure was the largest at $1.38B (92.1%), ahead of Ships at $119.34M (7.9%).
Compared with fiscal 2024, Ships fell 30.0% to $119.34M and Terminals & Infrastructure fell 32.2% to $1.38B.
New Fortress Energy stopped reporting Consolidation & Other as a separate segment after fiscal 2024, when it brought in $146.78M.
Non-Us was New Fortress Energy’s largest region in fiscal 2025, bringing in $936.24M of $1.50B (62%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Non-Us | $2.12B | $1.35B | $1.32B | $936.24M | |||||
| Outside Of United States | — | — | — | — | |||||
| United States | $246.63M | $1.06B | $1.04B | $567.80M | |||||
| Total | $2.37B | $2.42B | $2.36B | $1.50B |
New Fortress Energy brought in $1.50B from its two regions in fiscal 2025, the year ended December 31, 2025. That was down 36.3% from $2.36B in fiscal 2024. Non-Us was the largest at $936.24M (62.2%), ahead of United States at $567.80M (37.8%).
Compared with fiscal 2024, Non-Us fell 29.0% to $936.24M and United States fell 45.6% to $567.80M. From fiscal 2022 to 2025, combined revenue from these regions fell from $2.37B to $1.50B, a compound annual decline of 14.0%. Non-Us' share of the total fell from 89.6% to 62.2%.
As Reported was New Fortress Energy’s largest revenue line in fiscal 2024, bringing in $2.36B of $2.36B (100%).
| Revision of Prior Period | FY 2023 | FY 2024 |
|---|---|---|
| As Reported | $2.41B | $2.36B |
| Adjustments | -$22.69M | -$5.92M |
| Total | $2.39B | $2.36B |
New Fortress Energy brought in $2.36B from its two revenue lines in fiscal 2024, the year ended December 31, 2024. That was down 1.3% from $2.39B in fiscal 2023. As Reported was the largest at $2.36B (100.3%).
The total is net of Adjustments, which took $5.92M off revenue in fiscal 2024.
New Fortress Energy (NFE) reports its revenue by segment, by geography and by revision of prior period. In fiscal 2025, Terminals & Infrastructure was its largest segment, bringing in $1.38B (92.1% of the total), followed by Ships at $119.34M (7.9%).
Terminals & Infrastructure was New Fortress Energy's largest segment in fiscal 2025, bringing in $1.38B, or 92.1% of the $1.50B total across its two segments.
Non-Us was New Fortress Energy's largest region in fiscal 2025, bringing in $936.24M, or 62.2% of the $1.50B total across its two regions.
As Reported was New Fortress Energy's largest revenue line in fiscal 2024, bringing in $2.36B, or 100.3% of the $2.36B total across its two revenue lines.
Every figure comes from New Fortress Energy's annual financial filings, as reported. Each line keeps the name New Fortress Energy gives it, and years follow its fiscal calendar.
New Fortress Energy's revenue by segment goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.