A Chapter 11 process is typically longer, more costly, and operationally disruptive. The UK Restructuring Plan offers a more efficient, value-preserving alternative, enabling the Company to implement a comprehensive balance sheet transformation while continuing to operate normally throughout the process.

No. This is a court-supervised restructuring process that enables efficient execution with broad creditor support, not a liquidation or Chapter 11 filing. The Company will continue normal operations throughout. 

Creditors will receive a combination of equity, new debt, and preferred securities, becoming the majority owners of the reorganized business.

Existing shareholders will retain approximately 35% ownership of the reorganized company.

No. The Company expects to operate as usual, continuing to serve customers and execute on its business plan. Customers around the world rely on us for essential power and gas, and throughout this process, even amid an ongoing energy crisis, we have prioritized their needs, consistently delivering reliable service without interruption. In a time when energy security has never been more important, we are proud to remain a trusted provider.

The core business strategy remains intact, with a greater focus on cash flow generation, disciplined capital allocation, and long-term contracted assets. BrazilCo will be separated as part of the transaction and owned by creditors.

Completion is targeted for the third quarter of 2026, subject to court approvals and other customary conditions.

Upon completion of the transaction, New Fortress Energy will emerge as a transformed company with low leverage, strong and consistent cash flow generation, limited capital expenditure requirements, and a business model underpinned by long-term customer demand matched with long-term supply.