v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 161,191 $ 226,453
Restricted cash 338,956 130,489
Receivables, net of allowances of $17,533 and $17,800, respectively 276,693 451,962
Inventory 119,834 119,447
Prepaid expenses and other current assets, net 512,557 400,347
Total current assets 1,409,231 1,328,698
Construction in progress 3,557,258 3,593,971
Property, plant and equipment, net 5,253,168 4,892,737
Right-of-use assets 209,583 411,817
Intangible assets, net 190,358 187,596
Other non-current assets, net 109,222 140,804
Total assets 10,728,820 10,555,623
Current liabilities    
Current portion of long-term debt and short-term borrowings 6,727,175 7,073,477
Accounts payable 608,408 731,619
Accrued liabilities 1,032,745 597,776
Current lease liabilities 83,040 72,257
Other current liabilities 247,889 177,809
Total current liabilities 8,699,257 8,652,938
Long-term debt 2,131,176 1,105,442
Non-current lease liabilities 172,277 318,819
Deferred tax liabilities, net 70,195 76,502
Other long-term liabilities 88,353 92,291
Total liabilities 11,161,258 10,245,992
Commitments and contingencies (Note 18)
Stockholders’ (deficit) equity    
Class A common stock, $0.01 par value, 750 million shares authorized, 285.6 million issued and outstanding as of June 30, 2026; 284.6 million issued and outstanding as of December 31, 2025 2,856 2,845
Additional paid-in capital 1,773,290 1,776,306
Retained earnings (accumulated deficit) (2,421,978) (1,650,592)
Accumulated other comprehensive income 92,182 54,088
Total stockholders’ (deficit) equity attributable to NFE (553,650) 182,647
Non-controlling interest 121,212 126,984
Total stockholders’ (deficit) equity (432,438) 309,631
Total liabilities and stockholders’ (deficit) equity $ 10,728,820 $ 10,555,623