New Fortress Energy Inc. (NASDAQ:NFE) Q2 2022 Earnings Conference Call August 4, 2022 8:00 AM ET

Company Participants

Brett Magill – Managing Director and Head of Investor Relations

Wes Edens – Chairman and Chief Executive Officer

Andrew Dete – Managing Director

Chris Guinta – Chief Financial Officer

Patrick Hughes – Chief Commercial Officer, NFE Zero

Cameron MacDougall – General Counsel and Secretary

Conference Call Participants

Devin McDermott – Morgan Stanley

Ryan Levine – Citi

Craig Shere – Tuohy Brothers

Operator

Good day, and welcome to the NFE Second Quarter 2022 Earnings Call. Today’s conference is being recorded.

And at this time, I’d like to turn the conference over to Brett Magill, Managing Director and Head of Investor Relations. Please go ahead, sir.

Brett Magill

Thank you, Emma. Good morning, everyone, and welcome to New Fortress Energy’s second quarter 2022 earnings call. This call is being recorded and will be available by replay within the Investors section of our website under Events & Presentations. There, you’ll also find our Q2 2022 investor presentation, which we’ll be referencing throughout today’s call.

The presentation includes a series of important disclosures related to forward-looking statements and non-GAAP financial measures. We encourage participants to review these important disclosures in addition to the description of risk factors contained within our SEC filings.

Joining me here today are Wes Edens, CEO and Chairman of the Board; and Chris Guinta, Chief Financial Officer. Also joining today’s call are other members of the team, including managing directors, Andrew Dete and Patrick Hughes.

With that, I’ll turn the call over to Wes.

Wes Edens

Great. Thanks, Brett, and thanks all for dialing in. Good morning. So let’s jump into it. So as usual, we will go through our – the presentation we posted to our website last night, and with that, let me start the beginning. So Page 4, a very, very good quarter for the firm by all measures. Total EBITDA, $283 million. If you take actually the last four quarters together, our trailing four quarters EBITDA is now just a shade over $1 billion, so $1.05 billion, so a real milestone.

We are affirming guidance for the remainder of the year that we expect 2022 to generate approximately $1 billion in EBITDA, and we’re actually providing guidance for 2023 of guidance of $1.5 billion, which we think has a substantial amounts of upside depending on the timing and nature of the FLNG installation. So from a financial metric standpoint, a very, very productive quarter.