New Fortress Energy Inc. (NFE), the parent company of Genera PR, the private administrator of Puerto Rico’s legacy power plants, said it will delay filing its quarterly report for the period ended September 30. In a Form 12b-25 filed with the U.S. Securities and Exchange Commission (SEC) on November 10, the company said it needs more time to complete accounting and valuation work tied to its debt restructuring and the sale of its Brazilian operations.
NFE intends to file its Form 10-Q within the five-day extension period allowed under SEC rules. The restructuring of its principal-funded debt obligations was completed on September 11. NFE said it must still review the transaction’s accounting treatment, valuations and internal controls.
The company has not finished its financial closing and gave no quantitative estimate, but offered a preliminary view. For the three months ending September 30, revenue rose from a year earlier, driven by higher operating revenue and income from contract novations. NFE expects net income under U.S. generally accepted accounting principles, versus a net loss in the third quarter of 2025, as restructuring and debt extinguishment gains outweighed asset impairment charges and discontinued operations losses.
For the first nine months of 2026, revenue is expected to fall, largely due to the May 2025 sale of its Jamaica business and lower cargo sales. The net loss narrowed. Net loss attributable to common stockholders grew in both periods because of deemed dividends tied to its Series A Mandatorily Convertible Preferred Stock and preferred equity interests issued by NFE FLNG 2 Parent LLC. Interim chief financial officer and chief accounting officer Frederick W. Hundt signed the filing.