August 12, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--New Fortress Energy Incorporated (NASDAQ:NFE) (New York, New York) registered lower earnings before interest, tax, depreciation and amortization (EBITDA) and a net loss following delays in starting up its FLNG 1 floating liquefied natural gas (FLNG) project in Mexico. The company announced an adjusted EBITDA of $120 million and a net loss of $87 million in second-quarter 2024. The delay in starting up FLNG 1 in Mexico impacted the financial results.
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