Home / Restatements / New Fortress Energy Inc.

5/5New Fortress Energy Inc. (NFE): Non-reliance / restatement

Filed 2026-03-17 路 Form 8-K 路 Accession 0001749723-26-000008 small

Market data

Price before filing: $54.5 (2026-03-16 close, split/dividend-adjusted)
Market cap at flag: $328.6M (2026-03-17) 路 Latest: $23.7M (2026-10-16)

What happened next

WindowNFESPYvs SPY
30 days-36.8%+5.2%-42.0%2026-04-16
90 days-55.0%+13.1%-68.1%2026-06-15
180 days-74.5%+14.3%-88.9%2026-09-14

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-17 to 2026-04-16. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"(the " Company "), based on the recommendation of management, determined that the Company's previously issued audited consolidated financial statements for the years ended December 31, 2024 and 2023 included in its Annual Report on Form 10-K/A filed on June 30, 2025, and each of the Company's previously issued unaudited condensed consolidated financial statements included in its Quarterly Reports on Form 10-Q as of..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Going-concern doubt, Late annual report (NT 10-K)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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