2024-05-08 14:17:10 ET
New Fortress Energy (NFE)
Q1 2024 Earnings Conference Call
May 8, 2024 08:00 ET
Company Participants
Chance Pipitone - Managing Director of Strategy & Investor Relations
Wes Edens - Chairman & Chief Executive Officer
Brannen McElmurray - Managing Director
Andrew Dete - Managing Director
Chris Guinta - Chief Financial Officer
Conference Call Participants
Craig Shere - Tuohy Brothers
Theresa Chen - Barclays
Sherif Elmaghrabi - BTIG
Martin Malloy - Johnson Rice
Chris Robertson - Deutsche Bank
Presentation
Operator
Good morning, everyone and welcome to the New Fortress Energy First Quarter 2024 Earnings Conference Call. Today’s conference is being recorded and all phone lines -- all phone participant lines are in a listen-only mode but later we will have an opportunity to ask questions.
To get us started today with opening remarks and introductions, I am 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 first 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, including disclosures and risk factors.
With that, I'll now hand over the call to our Chairman and CEO, Wes Edens.
Wes Edens
Great. Thanks, Chance and welcome, everybody. As usual, please refer to the materials that we've sent out, as that's what we'll be using to kind of walk through the financial presentation for the day.
So flip to Page number 3. And first, let's start with the results. Quarterly results were very solid. $340 million EBITDA, right on top of our estimates, still tracking on our guidance for the year. So financially, a very, very good quarter for us. Financial results were exactly as expected and the path for the rest of the year is now very clear. Our business now is one that is fully focused on generating long-term sustainable and growing results and we've never felt better about it than we do today....
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New Fortress Energy (NFE) Q1 2024 Earnings Call Transcript