New Fortress Energy Discloses Receipt of Nasdaq Compliance Notice Regarding Delayed 10-Q Filing
New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”), a global energy infrastructure company, announced today that it has received an expected written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”). The Notice indicates that the Company is not currently in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because New Fortress Energy has not yet filed its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025 (the “Form 10-Q”) with the U.S. Securities and Exchange Commission (the “SEC”).
The Rule, which applies to all companies listed on Nasdaq, requires timely filing of periodic financial reports, including quarterly and annual statements, with the SEC. Compliance with this requirement is considered essential to ensure transparency, consistency, and accuracy in the financial markets. For New Fortress Energy, the delayed filing represents a procedural matter rather than an operational issue, and the Company emphasized that it is working diligently to resolve the delay as soon as possible.
Background on the Nasdaq Listing Rule
Nasdaq Listing Rule 5250(c)(1) is a fundamental provision of the exchange’s corporate governance framework. It requires listed companies to file all SEC-mandated periodic financial statements—such as Forms 10-K, 10-Q, and 8-K—in a timely manner. The objective of the rule is to protect investors by ensuring that financial and operational information is made available to the public on a consistent basis. Failure to meet the filing deadline can trigger compliance proceedings, which may include submission of a remediation plan and, if necessary, potential delisting proceedings.
While notices of non-compliance are not uncommon in the capital markets, Nasdaq issues them to maintain discipline among listed entities and safeguard investor confidence. Companies that receive such notices are usually granted time to submit compliance plans or complete their delayed filings.
Details of the Notice
According to New Fortress Energy, the Notice provides the Company with 60 calendar days from its date of issuance to submit a formal plan to Nasdaq outlining how it intends to regain compliance with the Rule. The Company stated that it expects to file its Form 10-Q well in advance of this deadline, thereby addressing the issue without requiring the full 60-day compliance plan period.
If Nasdaq accepts the Company’s compliance plan, the exchange has the discretion to grant New Fortress Energy up to 180 calendar days from the original due date of the Form 10-Q to file the delayed report. Based on this timeline, the Company would have until February 16, 2026, to regain full compliance. This extended period is intended to provide listed companies sufficient flexibility to address administrative or technical challenges that may have caused a filing delay.
Impact on Trading and Listing Status
Importantly, New Fortress Energy clarified that the receipt of the Notice has no immediate effect on the trading or listing of the Company’s Class A common stock on the Nasdaq Stock Market. Shares of NFE will continue to trade under their current ticker symbol without interruption while the Company works to file the overdue Form 10-Q.
However, the Company acknowledged that failure to regain compliance in a timely manner could result in Nasdaq initiating delisting proceedings. In such cases, Nasdaq typically issues a delisting determination letter, after which a company has the right to request a hearing before a Nasdaq Hearings Panel to appeal the decision.
At present, New Fortress Energy does not anticipate that its common stock will be delisted, as it remains confident in its ability to file the Form 10-Q well before the maximum extension deadline.
Commitment to Compliance and Transparency
New Fortress Energy emphasized that it remains committed to maintaining strong corporate governance standards and providing investors with timely and accurate disclosures. The Company attributed the delayed filing to administrative timing issues and noted that it continues to work with its auditors, financial advisors, and internal teams to complete the review process for the quarter ended June 30, 2025.
The Company further stressed that the delay does not reflect any underlying concerns regarding its financial health, operational performance, or liquidity position. Instead, it is viewed as a compliance matter that management expects to resolve swiftly. By addressing the Notice proactively and communicating with both regulators and shareholders, New Fortress Energy aims to minimize uncertainty in the market.
Broader Context for Investors
Notices of non-compliance with Nasdaq filing requirements are relatively routine in the corporate landscape. Numerous companies across various sectors receive such notifications each year, often due to audit complexities, internal control reviews, or other timing-related factors. In most instances, these companies regain compliance within the allowed timeframe and continue trading without disruption.
For investors, the key consideration is whether a late filing is symptomatic of deeper operational or financial problems. In the case of New Fortress Energy, the Company has reiterated its confidence in its financial standing and operational outlook, suggesting that the issue is administrative in nature rather than structural.
New Fortress Energy has been active in the global energy sector, particularly in developing liquefied natural gas (LNG) infrastructure and related energy transition initiatives. As such, the Company’s quarterly reports provide critical insights into the progress of its projects, financial performance, and market positioning. Timely filing of these reports is therefore significant not only from a compliance perspective but also for investors tracking the Company’s role in the evolving global energy landscape.
Next Steps and Investor Outlook
Looking ahead, New Fortress Energy intends to complete and file its Form 10-Q with the SEC as soon as possible, well before the compliance deadline set by Nasdaq. The Company has expressed confidence that it will resolve the matter without requiring the full remedial period.
In the meantime, NFE shares are expected to continue trading normally, and the Company has assured stakeholders that no immediate listing risk exists. Management also reiterated that it remains focused on advancing its operational and strategic priorities, including the expansion of LNG projects, energy transition initiatives, and long-term value creation for shareholders.
