New Fortress Energy Inc. (NFE) Q1 2026 Earnings Call

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WEBVTT 00:00:01.651 -- 00:00:06.457 Good day and welcome to the NFV first quarter 2025 earnings call. 00:00:06.457 -- 00:00:11.463 Today's conference is being recorded. At this time, I will be handing the call over to 00:00:11.463 -- 00:00:17.070 Matt Reinhardt, Managing Director for Introductory Remarks. 00:00:17.070 -- 00:00:20.875 Good afternoon, everyone. Thank you for joining today's conference call where we will 00:00:20.875 -- 00:00:24.560 be discussing our first quarter 2025 results. 00:00:24.560 -- 00:00:28.324 The call is being recorded and will be available by replay on the Investors section of 00:00:28.324 -- 00:00:31.790 our website under the subheading Events and Presentations. 00:00:31.790 -- 00:00:35.114 At the same location, you'll find a presentation that we will walk through on today's 00:00:35.114 -- 00:00:39.699 call. Please review this as it includes important information on forward-looking statements 00:00:39.699 -- 00:00:43.884 and non-GAAP measures. With that, let me hand the call over to our Chairman and CEO, 00:00:43.884 -- 00:00:45.125 Wes Edens. Wes? 00:00:45.125 -- 00:00:48.129 Great. Thanks, Matt. Welcome, everyone. 00:00:48.129 -- 00:00:53.896 So lots to go through here this afternoon, and I'll try and make my own statements brief. 00:00:53.896 -- 00:00:56.919 Start with the core earnings for the quarter. 00:00:56.919 -- 00:01:01.641 We're very much in line with expectation. If you look at the yellow boxes on the piece 00:01:01.641 -- 00:01:06.105 of paper, you can see that post the first quarter of 24, which is the last quarter that 00:01:06.105 -- 00:01:11.551 we had the FEMA plants online in Puerto Rico, we've had basically extremely consistent 00:01:11.551 -- 00:01:16.636 core earnings, 110, 177, but then 109, 116, so very much in ...