New Fortress Energy Inc. (NASDAQ:NFE) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET
Company Participants
Wes Edens - Chairman, Chief Executive Officer
Chris Guinta - Chief Financial Officer
Brannen McElmurray - Managing Director
Andrew Dete - Managing Director
Chance Pipitone - Managing Director of Strategy, Investor Relations
Conference Call Participants
Chris Robertson - Deutsche Bank
Sam Margolin - Wolfe Research
Craig Shere - Tuohy Brothers
Sherif Elmaghrabi - BTIG
Ryan Levine - Citi
Operator
Good morning everyone and welcome to the New Fortress Energy fourth quarter and full year 2023 earnings conference call. Today’s conference is being recorded and all participants are in a listen-only mode, but later we’ll have the opportunity to ask questions.
To get us started today with opening remarks and introductions, I’m pleased to turn the floor over to Managing Director of Strategy and Investor Relations, Mr. Chance Pipitone. Please go ahead, sir.
Chance Pipitone
Thank you Lisa, and good morning everyone. Thank you for joining today’s conference call, where we will discuss our record fourth quarter and full year 2023 results, recent developments, operational highlights, and future here at NFE.
As Lisa said, the call is being recorded and will be available by replay on the Investors section of our website under the subheading, Events and Presentations. In that same location, you will find a press release regarding our fourth quarter and full year results and the corresponding presentation, that we’ll walk through on the today’s call. As we proceed through the discussion, we will be referring to that presentation, and in that same presentation you will also find 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.
Now let’s dive into the call. My name is again Chance Pipitone, and joining me today from New Fortress Energy are Wes Edens, Chairman and CEO, Chris Guinta, CFO, Andrew Dete, Managing Director, and Brannen McElmurray, Managing Director.
Thank you. Wes, over to you.
Wes Edens
Great, thanks Chance, and welcome everybody. As Chance said, as usual, please refer to the deck that we posted here just a few minutes ago, and let’s start at the beginning.
Page 3 - 2023 was a very good year, fourth quarter a record for us as well, and from an operating perspective $1.3 billion in EBITDA, $388 million in EBITDA for the quarter, more than doubled earnings per share and FFO for 2022 to 2023, and we’re poise to roughly double that again this year, so tremendous financial results.