The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 11.54% between December 17 and December 24, 2025, putting it among the Energy Stocks that Lost the Most This Week.
New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.
New Fortress Energy Inc. (NASDAQ:NFE) made headlines and soared earlier this month when the company announced that it had secured final approval for its long-anticipated 7-year LNG agreement with Puerto Rico. The news came at a critical time for NFE, which had been making strong efforts to negotiate an out-of-court restructuring with its creditors and had revealed last month that it may seek bankruptcy protection in the US if negotiations don’t succeed.
However, New Fortress Energy Inc. (NASDAQ:NFE) has now again witnessed a downturn after the company revealed on December 17 that it failed to make a scheduled interest payment to some lenders due December 10, 2025. Moreover, it also informed lenders that it didn’t plan to make principal payments due at year-end. NFE has now struck a forbearance agreement with certain lenders that expires on January 9, 2026, after which they could demand immediate payment and force the company into a restructuring.
Despite the positive news earlier this month, New Fortress Energy Inc. (NASDAQ:NFE)’s current debt situation could lead to potentially adverse consequences for shareholders. Given the company’s financial challenges, S&P lowered its issuer credit rating on NFE from ‘CCC-’ to ‘SD’ (‘Selective Default’) on December 23, in addition to trimming its assessment of the company’s liquidity from ‘less than adequate’ to ‘weak’. The rating agency believes that ‘a debt restructuring that is tantamount to a default will likely occur within the next few weeks’.
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