New Fortress Energy, Inc. (NFE) Q3 2024 Earnings Call Transcript

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New Fortress Energy, Inc. (NFE) Q3 2024 Earnings Call Transcript

Matthew Reinhard - Managing Director

Wesley Edens - Chairman and Chief Executive Officer

Andrew Dete - Managing Director

Christopher Guinta - Chief Financial Officer

Good day, and welcome to the New Fortress Energy Third Quarter 2024 Earnings Results Conference Call. Today's conference is being recorded.

At this time, I would like to turn the call over to Matthew Reinhard, Managing Director. Please go ahead.

Matthew Reinhard

Thank you, and good morning, everyone. Thank you for joining today's conference call, where we will discuss our third quarter 2024 results. The call is being recorded and will be available by replay on the Investors section of our website under the subheading Events and Presentations. At the same location, you will find a presentation that we will walk through on today's call. Please review this as it includes important information on forward looking statements and non-GAAP measures.

With that, let me hand it over to our Chairman and CEO, Wes Edens. Wes?

Wesley Edens

Great. Thanks, Matt, and thanks everyone for dialing in. So as usual, we will refer to the deck as we flip through here, but let's start at the beginning.

So Page 3, first with the quarterly financial results. Q3 adjusted EBITDA $176 million that was basically right on top of what we forecast here last summer. From an operational standpoint, the quarter was a very placid one. So we continue to operationalize FLNG operations. I'll talk about that in a minute. We sold our first full cargo was sold and transported to Europe. We obtained the non FTA permits in Labor Day, which allowed

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