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0 0 0.0104845115170771 0.0115965051628276 0.0189038919777601 0.0260524225575854 0.0165210484511517 0.0114376489277204
Stock impact report

New Fortress Energy Announces Sale of Jamaica Assets & Operations to Excelerate Energy [Yahoo! Finance]

Excelerate Energy, Inc. Class A (EE) 
Last excelerate energy, inc. class a earnings: 2/27 07:50 am Check Earnings Report
US:NYSE Investor Relations: ir.epelectric.com/investor-relations
Company Research Source: Yahoo! Finance
Excelerate Energy, Inc. (NYSE: EE) ("Excelerate") to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and enhance financial flexibility. The transaction includes the sale of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure. Since entering Jamaica in 2016, NFE has partnered with the government, local businesses, and communities to expand acc Read more
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