New Fortress Energy Flags Going Concern and Debt Overhaul
New Fortress Energy disclosed going-concern risk alongside a debt and equity restructuring. For the six months ended June 30, 2026, it reported $539,455k in revenue, $773,559k net loss, $10,728,820k total assets, and $8,858,351k total debt. Under the Restructuring Support Agreement, creditors receive CoreCo Convertible Preferred Stock that mandatorily converts after three years into shares representing 87% of fully diluted Class A, significantly reshaping ownership.