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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2020	Jul. 30, 2020
Cover [Abstract]
Entity Registrant Name	New Fortress Energy LLC
Entity Central Index Key	0001749723
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		168,706,396
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38790
Entity Tax Identification Number	83-1482060
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	111 W. 19th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Address Line Two	8th Floor
Entity Address, Postal Zip Code	10011
City Area Code	516
Local Phone Number	268-7400
Title of 12(b) Security	Class A shares, representing limited liability company interests
Trading Symbol	NFE
Security Exchange Name	NASDAQ

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 167,316	$ 27,098
Restricted cash	32,946	30,966
Receivables, net of allowances of $0 and $0, respectively	65,069	49,890
Inventory	50,885	63,432
Prepaid expenses and other current assets	28,941	39,734
Total current assets	345,157	211,120
Restricted cash	23,131	34,971
Construction in progress	346,951	466,587
Property, plant and equipment, net	475,198	192,222
Right of use assets	106,993	0
Intangible assets, net	42,931	43,540
Finance leases, net	915	91,174
Investment in equity securities	323	2,540
Deferred tax assets, net	2,744	34
Other non-current assets	77,170	81,626
Total assets	1,421,513	1,123,814
Current liabilities
Accounts payable	24,854	11,593
Accrued liabilities	165,292	54,943
Current lease liabilities	26,835	0
Due to affiliates	6,586	10,252
Other current liabilities	26,134	25,475
Total current liabilities	249,701	102,263
Long-term debt	950,238	619,057
Non-current lease liabilities	57,166	0
Deferred tax liabilities, net	20	241
Other long-term liabilities	14,314	14,929
Total liabilities	1,271,439	736,490
Commitments and contingences (Note 18)
Stockholders' equity
Accumulated deficit	(192,852)	(45,823)
Accumulated other comprehensive income (loss)	352	(30)
Total stockholders' equity attributable to NFE	143,003	84,805
Non-controlling interest	7,071	302,519
Total stockholders' equity	150,074	387,324
Total liabilities and stockholders' equity	1,421,513	1,123,814
Class A [Member]
Stockholders' equity
Common stock	341,675	130,658
Treasury shares, 586,758 shares as of June 30, 2020, at cost; 0 shares at December 31, 2019, at cost	(6,172)	0
Class B [Member]
Stockholders' equity
Common stock	$ 0	$ 0

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Allowances for receivables	$ 0	$ 0
Stockholders' equity
Treasury shares (in shares)	586,758	0
Class A [Member]
Stockholders' equity
Common stock, shares issued (in shares)	169,174,104	23,607,096
Shares outstanding (in shares)	168,587,346	23,607,096
Class B [Member]
Stockholders' equity
Common stock, shares issued (in shares)	0	144,342,572
Shares outstanding (in shares)	0	144,342,572

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues
Operating revenue	$ 76,177	$ 31,738	$ 139,679	$ 57,876
Other revenue	18,389	8,028	29,417	11,841
Total revenues	94,566	39,766	169,096	69,717
Operating expenses
Cost of sales	69,899	44,043	138,115	77,392
Operations and maintenance	9,500	5,403	17,983	9,902
Selling, general and administrative	31,846	32,169	60,216	81,918
Contract termination charges and loss on mitigation sales	123,906	0	124,114	0
Depreciation and amortization	7,620	2,110	12,874	3,801
Total operating expenses	242,771	83,725	353,302	173,013
Operating loss	(148,205)	(43,959)	(184,206)	(103,296)
Interest expense	17,198	6,199	31,088	9,483
Other expense (income), net	999	920	1,610	(1,655)
Loss on extinguishment of debt, net	0	0	9,557	0
Loss before taxes	(166,402)	(51,078)	(226,461)	(111,124)
Tax expense	117	155	113	401
Net loss	(166,519)	(51,233)	(226,574)	(111,525)
Net loss attributable to non-controlling interest	29,094	45,047	80,851	91,782
Net loss attributable to stockholders	$ (137,425)	$ (6,186)	$ (145,723)	$ (19,743)
Net loss per share - basic and diluted (in dollars per share)	$ (2.40)	$ (0.28)	$ (3.49)	$ (1.09)
Weighted average number of shares outstanding - basic and diluted (in shares)	57,341,215	22,114,002	41,771,849	18,154,939
Other comprehensive loss:
Net loss	$ (166,519)	$ (51,233)	$ (226,574)	$ (111,525)
Unrealized gain on currency translation adjustment	(520)	0	(151)	0
Comprehensive loss	(165,999)	(51,233)	(226,423)	(111,525)
Comprehensive loss attributable to non-controlling interest	29,009	45,047	81,082	91,782
Comprehensive loss attributable to stockholders	$ (136,990)	$ (6,186)	$ (145,341)	$ (19,743)

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Members' Capital [Member]	Common Stock [Member] Class A [Member]	Common Stock [Member] Class B [Member]	Treasury Shares [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Non-controlling Interest [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Deficit [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Accumulated Other Comprehensive (Loss) Income [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Non-controlling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance at Dec. 31, 2018	$ 426,741	$ 0	$ 0		$ (158,423)	$ (11)	$ 14,340	$ 282,647
Balance (in shares) at Dec. 31, 2018	67,983,095	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(7,923)	11	(91)	(8,003)
Balance at Dec. 31, 2018	$ 426,741	$ 0	$ 0		(158,423)	(11)	14,340	282,647
Balance (in shares) at Dec. 31, 2018	67,983,095	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss								(111,525)
Balance at Jun. 30, 2019	$ 0	$ 111,236	$ 0		(31,757)	0	387,661	467,140
Balance (in shares) at Jun. 30, 2019	0	20,837,272	147,058,824
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(5,645)		(46,644)	(52,289)
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs		$ 32,136						268,010
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs (in shares)		20,837,272
Issuance of Class A shares in the IPO, net of underwriting discount and offering costs							235,874
Effects of the reorganization transactions	$ (426,741)	$ 51,092	$ 0		146,420	0	229,229	0
Effects of reorganization transactions (in shares)	(67,983,095)		147,058,824
Share-based compensation expense		19,037						19,037
Balance at Mar. 31, 2019	$ 0	$ 102,265	$ 0		(25,571)	0	432,708	509,402
Balance (in shares) at Mar. 31, 2019	0	20,837,272	147,058,824
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(6,186)		(45,047)	(51,233)
Share-based compensation expense		$ 8,971						8,971
Balance at Jun. 30, 2019	$ 0	$ 111,236	$ 0		(31,757)	0	387,661	467,140
Balance (in shares) at Jun. 30, 2019	0	20,837,272	147,058,824
Balance at Dec. 31, 2019		$ 130,658	$ 0		(45,823)	(30)	302,519	387,324	$ (1,306)	$ 0	$ (7,779)	$ (9,085)
Balance (in shares) at Dec. 31, 2019		23,607,096	144,342,572
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(8,298)	0	(51,757)	(60,055)
Other comprehensive income (loss)					0	(53)	(316)	(369)
Share-based compensation expense		$ 2,508			0	0	0	2,508
Issuance of shares for vested RSUs					0	0	0	0
Issuance of shares for vested RSUs (in shares)		1,212,907
Shares withheld from employees related to share-based compensation, at cost (in shares)				(583,508)
Shares withheld from employees related to share-based compensation, at cost				$ (6,132)	0	0	0	(6,132)
Balance at Mar. 31, 2020		$ 133,166	$ 0	$ (6,132)	(55,427)	(83)	242,667	314,191
Balance (in shares) at Mar. 31, 2020		24,820,003	144,342,572	(583,508)
Balance at Dec. 31, 2019		$ 130,658	$ 0		(45,823)	(30)	302,519	387,324	$ (1,306)	$ 0	$ (7,779)	$ (9,085)
Balance (in shares) at Dec. 31, 2019		23,607,096	144,342,572
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss								(226,574)
Balance at Jun. 30, 2020		$ 341,675	$ 0	$ (6,172)	(192,852)	352	7,071	150,074
Balance (in shares) at Jun. 30, 2020		169,174,104	0	(586,758)
Balance at Mar. 31, 2020		$ 133,166	$ 0	$ (6,132)	(55,427)	(83)	242,667	314,191
Balance (in shares) at Mar. 31, 2020		24,820,003	144,342,572	(583,508)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss					(137,425)	0	(29,094)	(166,519)
Other comprehensive income (loss)					0	435	85	520
Share-based compensation expense		$ 1,922			0	0	0	1,922
Exchange of NFI Units		$ 206,587					(206,587)
Exchange of NFI Units (in shares)		144,342,572	(144,342,572)
Issuance of shares for vested RSUs					0	0	0	0
Issuance of shares for vested RSUs (in shares)		11,529
Shares withheld from employees related to share-based compensation, at cost (in shares)				(3,250)
Shares withheld from employees related to share-based compensation, at cost				$ (40)	0	0	0	(40)
Balance at Jun. 30, 2020		$ 341,675	$ 0	$ (6,172)	$ (192,852)	$ 352	$ 7,071	$ 150,074
Balance (in shares) at Jun. 30, 2020		169,174,104	0	(586,758)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net loss	$ (226,574)	$ (111,525)
Adjustments for:
Amortization of deferred financing costs	6,965	2,589
Depreciation and amortization	13,324	4,106
Contract termination charges and loss on mitigation sales	124,114	0
Loss on extinguishment of debt, net	9,557	0
Deferred taxes	15	379
Change in value of Investment in equity securities	2,217	802
Share-based compensation	4,430	28,008
Other	907	232
(Increase) in receivables	(9,214)	(15,211)
(Increase) in inventories	(4,794)	(3,664)
(Increase) in other assets	(9,446)	(6,865)
Decrease in right of use assets	17,781	0
Increase in accounts payable/accrued liabilities	13,655	2,553
(Decrease) Increase in amounts due to affiliates	(3,666)	1,848
(Decrease) in lease liabilities	(19,873)	0
Increase in other liabilities	279	4,680
Net cash used in operating activities	(80,323)	(92,068)
Cash flows from investing activities
Capital expenditures	(95,422)	(232,348)
Principal payments received on finance lease, net	78	471
Net cash used in investing activities	(95,344)	(231,877)
Cash flows from financing activities
Proceeds from borrowings of debt	832,144	220,000
Payment of deferred financing costs	(13,600)	(4,400)
Repayment of debt	(506,402)	(2,500)
Proceeds from IPO	0	274,948
Payments related to tax withholdings for share-based compensation	(6,117)	0
Payment of offering costs	0	(6,938)
Net cash provided by financing activities	306,025	481,110
Net increase in cash, cash equivalents and restricted cash	130,358	157,165
Cash, cash equivalents and restricted cash - beginning of period	93,035	100,853
Cash, cash equivalents and restricted cash - end of period	223,393	258,018
Supplemental disclosure of non-cash investing and financing activities:
Changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions	$ (3,084)	$ (54,888)

Organization

6 Months Ended

Jun. 30, 2020

Organization [Abstract]

Organization

1.	Organization

New Fortress Energy LLC (“NFE,” together with its subsidiaries, the “Company”) is a Delaware limited liability company formed by New Fortress Energy Holdings LLC (“New Fortress Energy Holdings”) on August 6, 2018. The Company is a global integrated gas-to-power infrastructure company that seeks to use natural gas to satisfy the world’s large and growing power needs and is engaged in providing energy and logistical services to end-users worldwide seeking to convert their operating assets from diesel or heavy fuel oil to LNG. The Company currently sources LNG from a combination of its own liquefaction facility in Miami, Florida and purchases on the open market. The Company has liquefaction, regasification and power generation operations in the United States and Jamaica.

The Company manages, analyzes and reports on its business and results of operations on the basis of one operating segment. The chief operating decision maker makes resource allocation decisions and assesses performance based on financial information presented on a consolidated basis.

Significant accounting policies

6 Months Ended

Jun. 30, 2020

Significant accounting policies [Abstract]

Significant accounting policies

2.	Significant accounting policies

The principle accounting policies adopted are set out below.

(a)	Basis of presentation and principles of consolidation

The accompanying unaudited interim condensed consolidated financial statements contained herein were prepared in accordance with GAAP and reflect all normal and recurring adjustments which are, in the opinion of management, necessary to provide a fair statement of the financial position, results of operations and cash flows of the Company for the interim periods presented. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned consolidated subsidiaries. The ownership interest of other investors in consolidated subsidiaries is recorded as a non-controlling interest. All significant intercompany transactions and balances have been eliminated on consolidation. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the Company’s annual consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2019.

On February 4, 2019, the Company completed an initial public offering (“IPO”) and a series of other transactions, in which the Company issued and sold 20,000,000 Class A shares at an IPO price of $14.00 per share. The Company’s Class A shares began trading on NASDAQ Global Select Market (“NASDAQ”) under the symbol “NFE” on January 31, 2019. Net proceeds from the IPO were $257.0 million, after deducting underwriting discounts and commissions and transaction costs. These proceeds were contributed to New Fortress Intermediate LLC (“NFI”), an entity formed in conjunction with the IPO, in exchange for 20,000,000 limited liability company units in NFI (“NFI LLC Units”). In addition, New Fortress Energy Holdings contributed all of its interests in consolidated subsidiaries that comprised substantially all of its historical operations to NFI in exchange for NFI LLC Units. In connection with the IPO, New Fortress Energy Holdings also received 147,058,824 Class B shares of the Company, which is equal to the number of NFI LLC Units held by New Fortress Energy Holdings immediately following the IPO. New Fortress Energy Holdings retained a significant interest in NFE through its ownership of 147,058,824 Class B shares, representing a 88.0% voting and non-economic interest. New Fortress Energy Holdings also had an 88.0% economic interest in NFI through its ownership of 147,058,824 of NFI LLC Units. New Fortress Energy Holdings has been determined to be NFE’s predecessor for accounting purposes.

On March 1, 2019, the underwriters of the IPO exercised their option to purchase an additional 837,272 Class A shares at the IPO price of $14.00 per share, less underwriting discounts, which resulted in $11.0 million in additional net proceeds after deducting $0.7 million of underwriting discounts and commissions, such that there were 20,837,272 outstanding Class A shares. In connection with the exercise of the underwriters’ option to purchase an additional 837,272 Class A shares, NFE contributed such additional net proceeds to NFI in exchange for 837,272 NFI LLC Units.

NFE is a holding company whose sole material asset is a controlling equity interest in NFI. As the sole managing member of NFI, NFE operates and controls all of the business and affairs of NFI, and through NFI and its subsidiaries, conducts the Company’s historical business. The contribution of the assets of New Fortress Energy Holdings and net proceeds from the IPO to NFI was treated as a reorganization of entities under common control. As a result, NFE presented the condensed consolidated balances sheets and statements of operations and comprehensive loss of New Fortress Energy Holdings for all periods prior to the IPO.

On June 3, 2020, the Company entered into a mutual agreement (the “Mutual Agreement”) with the members holding the majority voting interest in New Fortress Energy Holdings (“Exchanging Members”) and NFE Sub LLC (a wholly-owned subsidiary of the Company). Pursuant to the Mutual Agreement, the Exchanging Members agreed to deliver a block redemption notice in accordance with the Amended and Restated Limited Liability Company Agreement of New Fortress Intermediate LLC (the “NFI LLCA”) with respect to all of the NFI LLC Units, together with an equal number of Class B shares of the Company, that such Exchanging Members indirectly own as members of New Fortress Energy Holdings. Pursuant to the Mutual Agreement, the Company agreed to exercise the Call Right (as defined in the NFI LLCA), pursuant to which the Company would acquire such NFI LLC Units and such Class B shares in exchange for Class A shares of the Company (the “Exchange Transactions”). The Exchange Transactions were completed on June 10, 2020. In connection with the closing of the Exchange Transactions, the Company issued 144,342,572 Class A shares in exchange for an equal number of NFI LLC Units, together with an equal number of Class B shares of the Company. Following the completion of the Exchange Transactions, the Company owns all of the NFI LLC Units directly or indirectly and no Class B shares remain outstanding. As of June 30, 2020, NFE has 168,587,346 Class A shares outstanding.

Prior to the Exchange Transactions, the Company recognized the Exchanging Members’ economic interest in NFI as non-controlling interest in the Company’s condensed consolidated financial statements. Results of operations for the period prior to the date of the Exchange Transactions, June 10, 2020, was attributed to non-controlling interest based on the Exchanging Members’ interest in NFI; subsequent to the Exchange Transactions, results of operations, excluding results attributable to other investors in non-wholly owned subsidiaries, were recognized as net income or loss attributable to stockholders. Amounts that were attributable to these Exchanging Members' prior interest in NFI previously shown as non-controlling interest on the Company’s consolidated balance sheets have been reclassified to Class A shares.

(b)	Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include relative fair value allocation between revenue and lease components of contracts with customers, total consideration and fair value of identifiable net assets related to acquisitions and the fair value of equity awards granted to both employees and non-employees. Management evaluates its estimates and related assumptions regularly. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.

(c)	Legal and contingencies

The Company may be involved in legal actions in the ordinary course of business, including governmental and administrative investigations, inquiries and proceedings concerning employment, labor, environmental and other claims. The Company will recognize a loss contingency in the condensed consolidated financial statements when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company will disclose any loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until they are realized.

(d)	Revenue recognition

The Company’s contracts with customers may contain one or several performance obligations usually consisting of the sale of LNG, natural gas, and beginning in the first quarter of 2020, power and steam which are outputs from the Company’s natural gas-fueled infrastructure. The transaction price for each of these contracts is structured using similar inputs and factors regardless of the output delivered to the customer. The customers consume the benefit of the natural gas, power and steam when they are delivered by the Company to the customer’s power generation facilities or interconnection facility. Natural gas, power and steam qualify as a series with revenue being recognized over time using an output method, based on the quantity of natural gas, power, or steam that the customer has consumed. LNG is typically delivered in containers transported by truck to customer sites. Revenue from sales of LNG delivered by truck is recognized at the point in time at which physical possession and the risks and rewards of ownership transfer to the customer, either when the containers are shipped or delivered to the customers’ storage facilities, depending on the terms of the contract. Because the nature, timing and uncertainty of revenue and cash flows are substantially the same for LNG, natural gas, power and steam, the Company has presented Operating revenue on an aggregated basis.

The Company has concluded that variable consideration included in its agreements meets the exception for allocating variable consideration. As such, the variable consideration for these contracts is allocated to each distinct unit of LNG, natural gas, power or steam delivered and recognized when that distinct unit is delivered to the customer.

The Company’s contracts with customers to supply natural gas or LNG may contain a lease of equipment. The Company allocates consideration received from customers between lease and non-lease components based on the relative fair value of each component. The fair value of the lease component is estimated based on the estimated standalone selling price of the same or similar equipment leased to the customer. The Company estimates the fair value of the non-lease component by forecasting volumes and pricing of gas to be delivered to the customer over the lease term.

The leases of certain facilities and equipment to customers are accounted for as financing or operating leases. The current and non-current portion of financing leases are recorded within Prepaid expenses and other current assets and Finance leases, net on the condensed consolidated balance sheets, respectively. The lease payments for finance leases are segregated into principal and interest components similar to a loan. Interest income is recognized on an effective interest method over the lease term and included in Other revenue in the condensed consolidated statements of operations and comprehensive loss. The principal component of the lease payment is reflected as a reduction to the net investment in the lease. For the Company’s operating leases, the amount allocated to the leasing component is recognized over the lease term as Other revenue in the condensed consolidated statements of operations and comprehensive loss.

In addition to the revenue recognized from the leasing components of agreements with customers, Other revenue includes revenue recognized from the construction, installation and commissioning of equipment, inclusive of natural gas used in the commissioning process, to transform customers’ facilities to operate utilizing natural gas or to allow customers to receive power or other outputs from our natural gas-fueled power generation facilities. Revenue from these development services is recognized over time as the Company transfers control of the asset to the customer or based on the quantity of natural gas consumed as part of commissioning the customer’s facilities. If the customer is not able to obtain control over the asset under construction until such services are completed, revenue is recognized when the services are completed and the customer has control of the infrastructure. Such agreements may also include a significant financing component, and the Company recognizes revenue for the interest income component over the term of the financing as Other revenue.

Shipping and handling costs are not considered to be separate performance obligations. These costs are recognized in the period in which the costs are incurred and presented within Cost of sales in the condensed consolidated statements of operations and comprehensive loss. All such shipping and handling activities are performed prior to the customer obtaining control of the LNG or natural gas.

The Company collects sales taxes from its customers based on sales of taxable products and remits such collections to the appropriate taxing authority. The Company has elected to present sales tax collections in the condensed consolidated statements of operations and comprehensive loss on a net basis and, accordingly, such taxes are excluded from reported revenues.

The Company elected the practical expedient under which the Company does not adjust consideration for the effects of a significant financing component for those contracts where the Company expects at contract inception that the period between transferring goods to the customer and receiving payment from the customer will be one year or less.

(e)	Contract termination charges and loss on mitigation sales

The Company has long-term supply agreements to purchase LNG, and the Company may incur termination charges to the extent that the Company cancels such contractual arrangements. Further, if the Company is unable to take physical possession of a portion of the contracted quantity of LNG due to capacity limitations, the supplier will attempt to sell the undelivered quantity through a mitigation sale. The Company may incur a loss on a mitigation sale if the cargo is unable to be sold for a price greater than the contracted price. These costs are included in a separate line in the condensed consolidated statements of operations and comprehensive loss because such costs are not related to inventory delivered to the Company’s customers.

During the three and six months ended June 30, 2020, the Company recognized a termination charge of $105,000 associated with an agreement with one of the Company’s LNG suppliers to terminate the obligation to purchase any LNG from this supplier for the remainder of 2020 in exchange for a cancellation fee of $105,000. Loss on mitigation sales of $18,906 and $19,114 were recognized in the three and six months ended June 30, 2020, respectively.

Adoption of new and revised standards

6 Months Ended

Jun. 30, 2020

Adoption of new and revised standards [Abstract]

Adoption of new and revised standards

3.	Adoption of new and revised standards

As an “emerging growth company,” the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

(a)	New standards, amendments and interpretations issued but not effective for the financial year beginning January 1, 2020:

In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Disclosure Framework – Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires financial assets measured at amortized cost basis, including trade receivables, to be presented net of the amount expected to be collected. The measurement of all expected credit losses will be based on historical experience, current conditions, and reasonable and supportable forecasts. In October 2019, the FASB voted to approve a proposal to defer the effective date of ASC 2016-13 for certain entities, including emerging growth companies that take advantage of the extended transition period, to fiscal years beginning after December 15, 2022, and early adoption is permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements and timing of adoption.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, including removing certain exceptions related to the general principles in ASU 740, Income Taxes. It also clarifies and simplifies other aspects of the accounting for income taxes. The new standard is effective for interim and annual periods beginning after December 15, 2021, and early adoption is permitted. The Company is currently evaluating the impact of adopting this new guidance on its consolidated financial statements and timing of adoption.

(b)	New and amended standards adopted by the Company:

On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (“ASC 842”), which amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheet and making targeted changes to lessor accounting. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee will depend primarily on the lease’s classification as a finance or operating lease. However, unlike ASC 840, which required only capital leases to be recognized on the balance sheet, ASC 842 requires most leases to be recognized on the balance sheet as a right-of-use (“ROU”) asset and a lease liability.

The Company has entered into lease agreements for the use of LNG vessels, marine port space, office space, land and equipment, all of which are operating leases. ROU assets recognized for these leases represent the Company’s right to use an underlying asset for the lease term, and the lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of fixed lease payments over the lease term. The incremental borrowing rate used to calculate the present value of lease payments is determined using existing credit rates of unsecured borrowings adjusted for collateral, which are then adjusted for the appropriate lease term and currency.

The Company adopted ASC 842 effective January 1, 2020 and elected to apply the modified retrospective transition method at the beginning of the period of adoption, which allowed the Company to begin recognizing and measuring leases under ASC 842 at January 1, 2020, without modifying the comparative period financial statements. Upon adoption of ASC 842, the Company recorded ROU assets and corresponding lease liabilities of $124,774 and $103,874, respectively.

The Company did not elect the package of practical expedients and therefore, as part of transition, the Company reassessed the previous conclusions made under ASC 840 related to the identification of leases, classification of leases and initial direct costs based on the standards of ASC 842. In connection with the reassessment of previous conclusions, the Company determined that the direct financing lease recognized related to the Montego Bay Terminal is no longer a lease under ASC 842. The Company recognized a transition adjustment that removed the unamortized net investment in the direct financing lease and recognized the underlying assets as Property, plant and equipment net of depreciation that would have been recognized since the commissioning of the Montego Bay Terminal, with the difference of approximately $9,085, net of taxes of $2,945, recorded as an adjustment to retained earnings. Beginning in 2020, the Company will recognize payments previously allocated to the leasing component of the gas sales agreement with this customer within Operating revenue in the condensed consolidated statements of operations and comprehensive loss. Under ASC 840, amounts allocated to the leasing component had been recognized on an effective interest method over the lease term with only the portion representing interest income recognized as Other revenue.

The Company made an accounting policy election to exclude leases with terms of 12 months or less from ROU assets and lease liabilities on the balance sheet, and short-term lease payments are recognized on a straight-line basis over the lease term. Variable payments under short-term leases are recognized in the period in which the obligation that triggers the variable payment becomes probable. The Company, as lessee, has also elected the practical expedient not to separate lease and non-lease components for marine port space, office space, land and equipment leases. The Company will separate the lease and non-lease components for LNG vessel leases. The allocation of lease payments between lease and non-lease components has been determined based on the relative fair value of each component. The fair value of the lease component is estimated based on the estimated standalone price to lease a bareboat LNG vessel. The fair value of the non-lease component is estimated based on the estimated standalone price of operating the respective vessel, inclusive of the costs of the crew and other operating costs.

The Company, as lessor, will continue to separate lease and non-lease components for the equipment leases provided in connection with agreements for the sale of LNG or natural gas to customers.

The Company has elected the land easement practical expedient, which allows the Company to continue to account for pre-existing land easements as intangible assets under the accounting policy that existed before adoption of ASC 842.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which provides additional guidance to improve the effectiveness of disclosure requirements on fair value measurement. The Company has adopted ASU 2018-13 for the year beginning January 1, 2020. As this guidance is only related to qualitative financial disclosures, it did not have a material impact on the Company’s condensed consolidated financial statements.

In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets. A customer’s accounting for the costs of the hosting component of the arrangement is not affected by the new guidance. The Company has early adopted ASU 2018-15 for the year beginning January 1, 2020, using the prospective transition approach. This approach did not require any adjustment to comparative financial statements. The Company did not capitalize a material amount of implementation costs as a result of adopting this guidance in the three or six months ended June 30, 2020, and the adoption did not result in material impact on the Company’s condensed consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue from contracts with customers

6 Months Ended

Jun. 30, 2020

Revenue from contracts with customers [Abstract]

Revenue from contracts with customers

4.	Revenue from contracts with customers

Under most customer contracts, invoicing occurs once the Company’s performance obligations have been satisfied, at which point payment is unconditional. As of June 30, 2020 and December 31, 2019, receivables related to revenue from contracts with customers totaled $44,704 and $30,563, respectively, and were included in “Receivables, net” on the condensed consolidated balance sheets, net of the allowance for doubtful accounts. Other items included in Receivables, net not related to revenue from contracts with customers represent receivables associated with reimbursable costs, recoverable taxes and leases which are accounted for outside the scope of ASC 606.

The Company has recognized a contract liability, comprised of unconditional payments due or paid under the contract with a customer prior to the Company’s satisfaction of the related performance obligations. The performance obligations are expected to be satisfied during the next 12 months, and the contract liability is classified within Other current liabilities on the condensed consolidated balance sheets. Contract assets are comprised of the transaction price allocated to completed performance obligations that will be billed to customers in subsequent periods. The contract liability and contract assets balances as of June 30, 2020 and December 31, 2019 are detailed below:

	June 30, 2020		December 31, 2019
Contract assets - current	$	4,270	$	3,787
Contract assets - non-current		23,525		19,474
Total contract assets	$	27,795	$	23,261

Contract liability	$	7,889	$	6,542

Revenue recognized in the year from:
Amounts included in contract liability at the beginning of the year	$	4,816	$	-

As of June 30, 2020, the Company has unbilled receivables of $6,999, of which $356 is presented within Other current assets and $6,643 is presented within Other non-current assets on the condensed consolidated balance sheet. These unbilled receivables represent unconditional right to payment subject only to the passage of time.

Operating revenue which includes revenue from sales of LNG and natural gas as well as outputs from the Company’s natural gas-fired power generation facilities, including power and steam, was $76,177 and $31,738 for the three months ended June 30, 2020 and 2019, respectively. Operating revenue was $139,679 and $57,876 for the six months ended June 30, 2020 and 2019, respectively. During March 2020, the Company began to deliver power and steam recognizing $6,946 and $8,677 in operating revenue for the three and six months ended June 30, 2020, respectively. Other revenue includes revenue for development services as well as lease and other revenue. The table below summarizes the balances in Other revenue:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Development services revenue	$	17,495	$	3,908	$	27,566	$	3,908
Lease and other revenue		894		4,120		1,851		7,933
Total other revenue	$	18,389	$	8,028	$	29,417	$	11,841

Transaction price allocated to remaining performance obligations

Some of the Company’s contracts are short-term in nature with a contract term of less than a year. The Company applied the optional exemption not to report any unfulfilled performance obligations related to these contracts.

The Company has arrangements in which LNG, natural gas or outputs from the Company’s power generation facilities are sold on a “take-or-pay” basis whereby the customer is obligated to pay for the minimum guaranteed volumes even if it does not take delivery of them. The price under these agreements is typically based on a market index plus a fixed margin. The fixed transaction price allocated to the remaining performance obligations under these arrangements is $4,410,159 as of June 30, 2020, representing the fixed margin multiplied by the outstanding minimum guaranteed volumes. The Company expects to recognize this revenue over the following time periods. The pattern of recognition reflects the minimum guaranteed volumes in each period:

Period	Revenue
Remainder of 2020	$	129,090
2021		243,553
2022		242,745
2023		242,836
2024		243,090
Thereafter		3,308,845
Total	$	4,410,159

For all other sales contracts that have a term exceeding one year, the Company has elected the practical expedient in ASC 606 under which the Company does not disclose the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. For these excluded contracts, the sources of variability are (a) the fluctuating market index prices of natural gas used to price the contracts, and (b) the variation in volumes that may be delivered to the customer. Both sources of variability are expected to be resolved at or shortly before delivery of each unit of LNG, natural gas, power or steam. As each unit of LNG, natural gas, power or steam represents a separate performance obligation, future volumes are wholly unsatisfied.

The Company has recognized costs to fulfill a contract with a significant customer, which primarily consist of expenses required to enhance resources to deliver under the agreement with the customer. As of June 30, 2020, the Company has capitalized $10,031, of which $498 of these costs is presented within Other current assets and $9,533 is presented within Other non-current assets on the condensed consolidated balance sheets. As of December 31, 2019, the Company had capitalized $8,839, of which $331 of these costs was presented within Other current assets and $8,508 was presented within Other non-current assets on the condensed consolidated balance sheets. In the first quarter of 2020, the Company began to delivery under the agreement and started recognizing these costs on a straight-line basis over the expected term of the agreement.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

Lessee

The Company has operating leases primarily for the use of LNG vessels, marine port space, office space, land and equipment under non-cancellable lease agreements. The Company’s leases may include multiple optional renewal periods that are exercisable solely at the Company’s discretion. Renewal periods are included in the lease term when the Company is reasonably certain that the renewal options would be exercised, and the associated lease payments for such periods are reflected in the ROU asset and lease liability.

The Company’s leases include fixed lease payments which may include escalation terms based on a fixed percentage or may vary based on an inflation indexes or other market adjustments. Escalations based on changes in inflation indices and market adjustments and other lease costs that vary based on the use of the underlying asset are not included as lease payments in the calculation of the lease liability or ROU asset and are included in variable lease cost when the obligation that triggers the variable payment becomes probable. Variable lease cost includes contingent rent payments for office space based on the percentage occupied by the Company in addition to common area charges and other charges that are variable in nature. The Company also has a component of lease payments that are variable related to the LNG vessels, in which the Company may receive credits based on the performance of the LNG vessels during the period.

For the three months and six months ended June 30, 2020, the Company’s operating lease cost recorded within the condensed consolidated statements of operations and comprehensive loss were as follows:

	Three Months Ended June 30, 2020		Six Months Ended June 30, 2020
Operating lease cost:
Fixed lease cost	$	6,596	$	16,863
Variable lease cost		74		713
Short-term lease cost		330		616

Lease cost - Cost of Sales	$	6,109	$	15,460
Lease cost - Operations and maintenance		440		828
Lease cost - Selling, general and administrative		451		1,904

Capitalized lease cost		7,474		8,013

Capitalized lease cost relates to operating lease cost for vessels and port space used during the commissioning of development projects. Short-term lease costs for vessels chartered by the Company to bring inventory from a supplier’s facilities to the Company’s storage locations are capitalized to inventory.

Cash paid for operating leases is reported in operating activities in the condensed consolidated statements of cash flows. Supplemental cash flow information related to leases was as follows for the six months ended June 30, 2020:

	Six Months Ended June 30, 2020
Operating cash outflows for operating lease liabilities	$	23,257
Right-of-use assets obtained in exchange for new operating lease liabilities		128,592

The future payments due under operating leases as of June 30, 2020 is as follows:

	Operating Leases
Due remainder of 2020	$	14,737
2021		35,398
2022		18,307
2023		7,002
2024		7,114
Thereafter		33,780
Total lease payments		116,338
Less: effects of discounting		32,337
Present value of lease liabilities	$	84,001

Current lease liability	$	26,835
Non-current lease liability		57,166

As of June 30, 2020, the weighted-average remaining lease term for all operating leases was 5.8 years. Because the Company generally does not have access to the rate implicit in the lease, the incremental borrowing rate is utilized as the discount rate. The weighted average discount rate associated with operating leases as of June 30, 2020 was 8.6%.

The Company has entered into an LNG vessel lease that has not commenced as of June 30, 2020 with a noncancelable term of 5 years and includes fixed payments for lease and non-lease components of $69,704.

Future annual minimum lease payments for operating leases as of December 31, 2019, prepared in accordance with accounting standards prior to the adoption of ASC 842, were as follows:

Year ending December 31:
2020	$	37,776
2021		35,478
2022		18,387
2023		7,083
2024		7,151
Thereafter		26,458
Total	$	132,333

During the three and six months ended June 30, 2019, the Company recognized rental expense for all operating leases of $8,939 and $17,376, respectively, related primarily to LNG vessel time charters, office space, a land site lease and marine port berth leases.

Lessor

In the Company’s agreements to sell LNG or natural gas to customers, the Company may also lease certain equipment to customers which are accounted for either as a finance or an operating lease. Property, plant and equipment subject to operating leases is included within ISO containers and other equipment within Note 12. Property, plant and equipment, net.

	June 30, 2020
Property, plant and equipment	$	10,955
Accumulated depreciation		(642	)
Property, plant and equipment, net	$	10,313

The following table shows the expected future lease payments as of June 30, 2020, for the remainder of 2020 through 2024 and thereafter:

	Future cash receipts
	Financing leases		Operating leases
Remainder of 2020	$	152	$	109
2021		303		206
2022		298		194
2023		304		196
2024		304		197
Thereafter		836		860
Total	$	2,197	$	1,762
Less: Imputed interest		1,029
Present value of total lease receipts	$	1,168

Current finance leases, net	$	253
Non-current finance leases, net		915

Fair value

6 Months Ended

Jun. 30, 2020

Fair value [Abstract]

Fair value

6.	Fair value

Fair value measurements and disclosures require the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized as follows:

•

Level 1 – observable inputs such as quoted prices in active markets for identical assets or liabilities.

•

Level 2 - inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs.

•

Level 3 - unobservable inputs for which there is little or no market data and which require the Company to develop its own assumptions about how market participants price the asset or liability.

The valuation techniques that may be used to measure fair value are as follows:

•

Market approach – uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

•

Income approach – uses valuation techniques, such as discounted cash flow technique, to convert future amounts to a single present amount based on current market expectations about those future amounts.

•

Cost approach – based on the amount that currently would be required to replace the service capacity of an asset (replacement cost).

The following table presents the Company’s financial assets and financial liabilities that are measured at fair value as of June 30, 2020 and December 31, 2019:

	June 30, 2020
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets
Cash and cash equivalents	$	167,316	$	-	$	-	$	167,316	Market approach
Restricted cash		56,077		-		-		56,077	Market approach
Investment in equity securities		323		-		-		323	Market approach
Total	$	223,716	$	-	$	-	$	223,716

Liabilities
Derivative liability¹	$	-	$	-	$	9,686	$	9,686	Income approach
Equity agreement²		-		-		16,678		16,678	Income approach
Total	$	-	$	-	$	26,364	$	26,364

	December 31, 2019
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets
Cash and cash equivalents	$	27,098	$	-	$	-	$	27,098	Market approach
Restricted cash		65,937		-		-		65,937	Market approach
Investment in equity securities		2,540		-		-		2,540	Market approach
Total	$	95,575	$	-	$	-	$	95,575

Liabilities
Derivative liability¹	$	-	$	-	$	9,800	$	9,800	Income approach
Equity agreement²		-		-		16,800		16,800	Income approach
Total	$	-	$	-	$	26,600	$	26,600

(1)

Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.

(2)

To be paid in shares at the earlier of agreed-upon date or the commencement of significant construction activities specified in the Shannon LNG Agreement.

The Company estimates fair value of the derivative liability and equity agreement using a discounted cash flows method with discount rates based on the average yield curve for bonds with similar credit ratings and matching terms to the discount periods as well as a probability of the contingent event occurring. The table below summarizes the fair value adjustment, recorded within Other expense (income), net in the condensed consolidated statements of operations and comprehensive loss, and currency translation adjustment, recorded within the Other comprehensive loss, for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
Fair value adjustment - Loss/(gain)	$	1,323	$	478	$	(294	)	$	(155	)
Currency translation adjustment - Loss		595		-		58			-

During the three and six months ended June 30, 2020 and 2019, the Company had no settlements of the equity agreement or derivative liability or any transfers in or out of Level 3 in the fair value hierarchy.

The liability associated with the equity agreement of $16,678 and $16,800 as of June 30, 2020 and December 31, 2019, respectively, is recorded within Other current liabilities on the condensed consolidated balance sheets. The liability associated with the derivative liability of $9,686 and $9,800 as of June 30, 2020 and December 31, 2019, respectively, is recorded within Other long-term liabilities on the condensed consolidated balance sheets.

The Company estimates fair value of outstanding debt using a discounted cash flow method based on current market interest rates for debt issuances with similar remaining years to maturity and adjusted for credit risk. The Company has estimated that the carrying value for each of the Credit Agreement, Senior Secured Bonds, and Senior Unsecured Bonds (all defined below in “Note 16. Debt”) approximate fair value. The fair value estimate is classified as Level 3 in the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Restricted cash

6 Months Ended

Jun. 30, 2020

Restricted cash [Abstract]

Restricted cash

7.	Restricted cash

As of June 30, 2020 and December 31, 2019, restricted cash consisted of the following:

	June 30, 2020		December 31, 2019
Collateral for performance under customer agreements	$	15,000	$	15,000
Collateral for LNG purchases		26,476		35,000
Collateral for letters of credit and performance bonds		6,220		7,388
Debt service reserve account		8,131		8,299
Other restricted cash		250		250
Total restricted cash	$	56,077	$	65,937

Current restricted cash	$	32,946	$	30,966
Non-current restricted cash		23,131		34,971

Inventory

6 Months Ended

Jun. 30, 2020

Inventory [Abstract]

Inventory

As of June 30, 2020 and December 31, 2019, inventory consisted of the following:

	June 30, 2020		December 31, 2019
LNG and natural gas inventory	$	41,778	$	57,436
Automotive diesel oil inventory		5,167		4,746
Materials, supplies and other		3,940		1,250
Total inventory	$	50,885	$	63,432

Inventory is adjusted to the lower of cost or net realizable value each quarter. Changes in the value of inventory are recorded within Cost of sales in the condensed consolidated statements of operations and comprehensive loss. No adjustments were recorded during the three and six months ended June 30, 2020 and 2019.

Prepaid expenses and other current assets

6 Months Ended

Jun. 30, 2020

Prepaid expenses and other current assets [Abstract]

Prepaid expenses and other current assets

9.	Prepaid expenses and other current assets

As of June 30, 2020 and December 31, 2019, prepaid expenses and other current assets consisted of the following:

	June 30, 2020		December 31, 2019
Prepaid expenses	$	6,348	$	7,458
Prepaid LNG		3,312		7,097
Due from affiliates (Note 21)		1,460		1,577
Other current assets		17,821		23,602
Total prepaid expenses and other current assets	$	28,941	$	39,734

Other current assets as of June 30, 2020 and December 31, 2019 primarily consists of receivables for recoverable taxes and capitalized costs associated with delivering development services to a customer.

Investment in equity securities

6 Months Ended

Jun. 30, 2020

Investment in equity securities [Abstract]

Investment in equity securities

10.	Investment in equity securities

The Company has invested in equity securities of an international oil and gas drilling contractor. The cost of the investment was $3,667. As of June 30, 2020 and December 31, 2019, the Company owned 295,256 shares of that contractor and the fair value of the investment was $323 and $2,540, respectively.

The unrealized (gain) loss of $(183) and $1,698 for the three months ended June 30, 2020 and 2019, respectively, and $2,217 and $802 for the six months ended June 30, 2020 and 2019, respectively, is included within Other expense (income), net in the condensed consolidated statements of operations and comprehensive loss.

Construction in progress

6 Months Ended

Jun. 30, 2020

Construction in Progress [Abstract]

Construction in progress

11.	Construction in progress

The Company’s construction in progress activity during the six months ended June 30, 2020 is detailed below:

	June 30, 2020
Balance at beginning of period	$	466,587
Additions		80,541
Transferred to property, plant and equipment, net (Note 12)		(200,177	)
Balance at end of period	$	346,951

Interest expense of $17,902 and $9,111, inclusive of amortized debt issuance costs, was capitalized for the six months ended June 30, 2020 and 2019, respectively.

Property, plant and equipment, net

6 Months Ended

Jun. 30, 2020

Property, plant and equipment, net [Abstract]

Property, plant and equipment, net

12.	Property, plant and equipment, net

As of June 30, 2020 and December 31, 2019, the Company’s property, plant and equipment, net consisted of the following:

	June 30, 2020			December 31, 2019
CHP facilities	$	117,496		$	-
Terminal and power plant equipment		105,705			14,981
LNG liquefaction facilities		65,992			66,273
Gas terminals		72,394			52,781
Gas pipelines		58,974			11,692
ISO containers and other equipment		74,071			39,951
Land		15,637			15,401
Leasehold improvements		8,309			8,054
Accumulated depreciation		(43,380	)		(16,911	)
Total property, plant and equipment, net	$	475,198		$	192,222

In connection with the adoption of ASC 842, the Company determined that the direct financing lease recognized related to the Montego Bay Terminal is no longer a lease under ASC 842. As of January 1, 2020, the Company recognized a transition adjustment that removed the unamortized net investment in the direct financing lease of $91,005 and recognized the underlying assets as Property, plant and equipment of $92,207 and accumulated depreciation of $13,932 that would have been recognized since the commissioning of the Montego Bay Terminal, with the difference of approximately $9,085, net of taxes of $2,945, recorded as an adjustment to retained earnings.

Depreciation for the three months ended June 30, 2020 and 2019 totaled $7,539 and $1,983, respectively, of which $223 and $147 is respectively included within Cost of sales in the condensed consolidated statements of operations and comprehensive loss. Depreciation for the six months ended June 30, 2020 and 2019 totaled $12,750 and $3,563, respectively, of which $450 and $305 is respectively included within Cost of sales in the condensed consolidated statements of operations and comprehensive loss.

Intangible assets

6 Months Ended

Jun. 30, 2020

Intangible assets [Abstract]

Intangible assets

13.	Intangible assets

The following table summarizes the composition of intangible assets as of June 30, 2020 and December 31, 2019:

	June 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	42,078	$	1,709	$	40,369		40
Easements		1,559		165		1,394		30

Indefinite-lived intangible assets
Easements		1,168		-		1,168		n/a
Total intangible assets	$	44,805	$	1,874	$	42,931

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG leases and permits	$	42,157	$	1,198	$	40,959		40
Easements		1,559		139		1,420		30

Indefinite-lived intangible assets
Easements		1,161		-		1,161		n/a
Total intangible assets	$	44,877	$	1,337	$	43,540

As of June 30, 2020 and December 31, 2019, the weighted-average remaining amortization periods for the intangible assets was 38.0 years and 38.8 years, respectively. As of January 1, 2020, intangible assets associated with favorable lease terms in acquired leases have been reclassified as a ROU assets as a result of adoption of ASC 842.

Amortization for the three months ended June 30, 2020 and 2019 totaled $282 and $286, respectively. Amortization was $552 and $564 for the six months ended June 30, 2020 and 2019, respectively.

Other non-current assets

6 Months Ended

Jun. 30, 2020

Other non-current assets [Abstract]

Other non-current assets

14.	Other non-current assets

As of June 30, 2020 and December 31, 2019, Other non-current assets consisted of the following:

	June 30, 2020		December 31, 2019
Nonrefundable deposit	$	24,643	$	22,262
Contract asset (Note 4)		23,525		19,474
Cost to fulfill (Note 4)		9,533		8,508
Unbilled receivables (Note 4)		6,643		-
Upfront payments to customers		5,739		5,904
Port access rights and initial lease costs		-		17,762
Other		7,087		7,716
Total other non-current assets	$	77,170	$	81,626

Nonrefundable deposits are primarily related to deposits for planned land purchases in Pennsylvania and Ireland.

Upfront payments to customers consist of amounts the Company has paid in relation to two natural gas sales contracts with customers to construct fuel-delivery infrastructure that the customers will own.

As of January 1, 2020, port access rights related to the Company’s port lease in Baja California Sur, Mexico, and payments to incumbent tenants to secure the Company’s port lease in San Juan, Puerto Rico were reclassified as ROU assets in connection with the adoption of ASC 842.

Accrued liabilities

6 Months Ended

Jun. 30, 2020

Accrued liabilities [Abstract]

Accrued liabilities

15.	Accrued liabilities

As of June 30, 2020 and December 31, 2019, accrued liabilities consisted of the following:

	June 30, 2020		December 31, 2019
Accrued contract termination charges	$	105,000	$	-
Accrued construction costs		8,689		25,037
Accrued interest		13,282		-
Accrued bonuses		8,216		14,991
Other accrued expenses		30,105		14,915
Total accrued liabilities	$	165,292	$	54,943

Debt

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Debt

16.

Debt

As of June 30, 2020 and December 31, 2019, debt consisted of the following:

	June 30, 2020		December 31, 2019
Credit Agreement, due January 15, 2023	$	773,895	$	-
Term Loan Facility, due January 21, 2020		-		495,000
Senior Secured Bonds, due September 2034		71,052		70,960
Senior Secured Bonds, due December 2034		62,968		10,823
Senior Unsecured Bonds, due September 2036		42,323		42,274
Total debt	$	950,238	$	619,057

The Credit Agreement

On January 10, 2020, the Company entered into a credit agreement to borrow $800,000 in term loans (the “Credit Agreement”). The Credit Agreement will mature in January 2023 with the full principal balance due upon maturity. Interest is payable quarterly and is based on a LIBOR rate divided by one minus the applicable reserve requirement, subject to a floor of 1.50%, plus a margin of 6.25%. The interest rate margin increases each year of the term by 1.50%. A portion of the proceeds received were utilized to extinguish the Term Loan Facility (defined below), including outstanding principal of $495,000.

The Credit Agreement is secured by mortgages on certain properties owned by the Company’s subsidiaries, in addition to other collateral. The Company is required to comply with certain financial covenants and other restricted covenants customary for credit agreement of this type, including restrictions on indebtedness, liens, acquisitions and investments, restricted payments and dispositions. The Credit Agreement also provides for customary events of default, prepayment and cure provisions.

In connection with obtaining the Credit Agreement and the extinguishment of the Term Loan Facility, the Company incurred $36,313 in origination, structuring, and other fees which were recognized as a reduction of the principal balance of the Credit Agreement on the condensed consolidated balance sheets. As of June 30, 2020, the remaining unamortized deferred financing costs were $26,105.

Term Loan Facility

On August 16, 2018, the Company entered into a credit agreement with a syndicate of two lenders to borrow up to an aggregate principal amount of $240,000, and proceeds received from this credit agreement were utilized to repay prior debt facilities. On December 31, 2018, the Company amended this credit agreement to increase the available borrowing principal amount to $500,000 (as amended, the “Term Loan Facility”), and as of December 31, 2018, the Company had an outstanding principal balance of $280,000 under the Term Loan Facility. On March 21, 2019, the Company drew an additional $220,000, bringing the Company’s total outstanding borrowings to $500,000 under the Term Loan Facility.

All borrowings under the Term Loan Facility bore interest at a rate selected by the Company of either (i) LIBOR divided by one minus the applicable reserve requirement plus a spread of 4% or (ii) subject to a floor of 1%, a Base Rate equal to the higher of (a) the Prime Rate, (b) the Federal Funds Rate plus 1/2 of 1% or (c) the 1-month LIBOR rate plus 1.00% plus a spread of 3.0%. The Term Loan Facility was repayable in quarterly installments of $1,250 with a balloon payment due at maturity.

The Term Loan Facility was secured by mortgages on certain properties owned by the Company’s subsidiaries, in addition to other collateral. The Term Loan Facility was amended in the third quarter of 2019 to allow certain properties of a consolidated subsidiary to secure the Senior Secured Bonds (defined below).

The Company incurred costs in connection with obtaining the Term Loan Facility, the extinguishment of the Company’s prior debt facilities, and the amendment of the Term Loan Facility. Some of the costs incurred were capitalized as a reduction to the Term Loan Facility on the consolidated balance sheets, and all deferred financing costs associated with the Term Loan Facility were amortized over the term of the Term Loan Facility, through December 31, 2019. As such, there were no unamortized deferred financing costs as of December 31, 2019.

The Term Loan Facility had a maturity date of December 31, 2019 with an option to extend the maturity date for two additional six-month periods. Upon the exercise of each extension option, the Company would pay a fee equal to 1.0% of the outstanding principal balance at the time of the exercise and the spread on LIBOR and Base Rate would increase by 0.5%. On December 30, 2019, the Company entered into an amendment with the lenders to extend the maturity to January 21, 2020; no fees were due to lenders from the execution of this amendment. On January 15, 2020, the Company repaid the full amount outstanding including fees due to the lenders using proceeds from the Credit Agreement to extinguish the Term Loan Facility. In conjunction with the extinguishment of the Term Loan Facility, the Company recognized a Loss on extinguishment of debt of $9,557 in the condensed consolidated statements of operations and comprehensive loss.

South Power Bonds

On September 2, 2019, NFE South Power Holdings Limited (“South Power”), a consolidated subsidiary of the Company, entered into a facility for the issuance of secured and unsecured bonds (the “Senior Secured Bonds” and “Senior Unsecured Bonds”, respectively) and subsequently issued $73,317 and $43,683 in Senior Secured Bonds and Senior Unsecured Bonds, respectively. The Senior Secured Bonds are secured by the dual-fired combined heat and power facility in Clarendon, Jamaica (the “CHP Plant”) and related receivables and assets, and the proceeds were used to fund the completion of the CHP Plant and to reimburse shareholder advances. Upon completion of construction of the CHP Plant in the fourth quarter of 2019, South Power issued an additional $63,000 in Senior Secured Bonds. The Company received $10,856 of the proceeds in 2019 and received the remaining proceeds of $52,144 in January 2020.

The Senior Secured Bonds bear interest at an annual fixed rate of 8.25% and will mature 15 years from the closing date of each issuance. No principal payments will be due for the first seven years. After seven years, quarterly principal payments of approximately 1.6% of the original principal amount will be due, with a 50% balloon payment due upon maturity. Interest payments on outstanding principal balances are due quarterly.

The Senior Unsecured Bonds bear interest at an annual fixed rate of 11.00% and will mature in September 2036. No principal payments will be due for the first nine years. Beginning in 2028, principal payments will be due quarterly on an escalating schedule. Interest payments on outstanding principal balances are due quarterly.

South Power will be required to comply with certain financial covenants as well as customary affirmative and negative covenants, including limitations on incurring additional indebtedness. The facility also provides for customary events of default, prepayment and cure provisions.

The Company paid approximately $3,892 of fees in connection with the issuance of Senior Secured Bonds and Senior Unsecured Bonds. These fees were capitalized on a pro-rata basis as a reduction of the Senior Secured Bonds and Senior Unsecured Bonds on the condensed consolidated balance sheets. The total unamortized deferred financing costs as of June 30, 2020 and December 31, 2019 was $3,657 and $3,799, respectively.

Under the terms of the facility, South Power is required to maintain a Debt Service Reserve Account (as defined in the facility) in the amount of $8,131. Such amount is included as a component of Restricted cash on the Company’s condensed consolidated balance sheets (see Note 7).

Interest Expense

Interest and related amortization of debt issuance costs recognized during major development and construction projects are capitalized and included in the cost of the project. Interest expense, net of amounts capitalized, recognized for the three and six months ended June 30, 2020 and 2019 consisted of the following:

	Three months ended				Six months ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Interest costs:
Interest per contractual rates	$	19,766	$	8,475	$	38,640	$	13,364
Amortization of debt issuance costs		5,728		3,166		10,350		5,230
Total interest costs		25,494		11,641		48,990		18,594
Capitalized interest		8,296		5,442		17,902		9,111
Total interest expense	$	17,198	$	6,199	$	31,088	$	9,483

Income taxes

6 Months Ended

Jun. 30, 2020

Income taxes [Abstract]

Income taxes

17.	Income taxes

In connection with the IPO, NFE contributed the net proceeds from the IPO to NFI in exchange for NFI LLC Units, and NFE became the managing member of NFI. NFI is a limited liability company that is treated as a partnership for U.S. federal income tax purposes and for most applicable state and local income tax purposes. As a partnership, NFI is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by NFI is passed through to and included in the taxable income or loss of its members, including NFE, on a pro rata basis, subject to applicable tax regulations. NFE is subject to U.S. federal income taxes, in addition to state and local income taxes, with respect to its allocable share of any taxable income or loss of NFI. Additionally, NFI and its subsidiaries are subject to income taxes in the various foreign jurisdictions in which they operate.

In connection with the IPO, NFE recorded a deferred tax asset of $42,783 related to the difference between its tax basis in its investment in NFI and NFE’s share of the financial statement carrying amount of the net assets of NFI. The deferred tax asset was recorded to equity and is fully offset by a valuation allowance also recorded to equity.

Subsequent to the Exchange Transactions completed on June 10, 2020, 100% of NFI’s operations will be included in the NFE income tax provision; there is no impact on income tax expense expected due to the Exchange Transactions.

The effective tax rate for the three months ended June 30, 2020 was (0.07)%, compared to (0.30)% for the three months ended June 30, 2019. The total tax expense for the three months ended June 30, 2020 was $117, compared to $155 for the three months ended June 30, 2019.

The effective tax rate for the six months ended June 30, 2020 was (0.05)%, compared to (0.36)% for the six months ended June 30, 2019. The total tax expense for the six months ended June 30, 2020 was $113, compared to $401 for the six months ended June 30, 2019.

The primary items which decreased the Company’s effective tax rate for the three months and six months ended June 30, 2020 and June 30, 2019 from the U.S. federal statutory rate of 21% were valuation allowances recorded against the Company’s current period losses and earnings generated in Non-U.S. jurisdictions with preferential tax rates.

The Company has not recorded a liability for uncertain tax positions as of June 30, 2020. The Company remains subject to periodic audits and reviews by the taxing authorities, and NFE’s returns since its formation remain open for examination.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments and contingencies

6 Months Ended

Jun. 30, 2020

Commitments and contingencies [Abstract]

Commitments and contingencies

18.	Commitments and contingencies

The Company may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. The Company does not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on the Company's financial position, results of operations or cash flows.

Earnings per share

6 Months Ended

Jun. 30, 2020

Earnings per share [Abstract]

Earnings per share

19.	Earnings per share

	Three Months Ended						Six Months Ended
	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Numerator:
Net loss	$	(166,519	)	$	(51,233	)	$	(226,574	)	$	(111,525	)
Less: net loss attributable to non-controlling interests		29,094			45,047			80,851			91,782
Net loss attributable to Class A shares	$	(137,425	)	$	(6,186	)	$	(145,723	)	$	(19,743	)
Denominator:
Weighted-average shares-basic and diluted		57,341,215			22,114,002			41,771,849			18,154,939

Net loss per share - basic and diluted	$	(2.40	)	$	(0.28	)	$	(3.49	)	$	(1.09	)

In connection with the IPO, New Fortress Energy Holdings, the Company’s predecessor, effected a one-for-2.16 stock split of its issued and outstanding common shares, resulting in 147,058,824 common shares. Upon the reorganization, New Fortress Energy Holdings obtained the same number of Class B shares in NFE. In connection with the closing of the Exchange Transactions on June 10, 2020, all outstanding Class B shares were exchanged for Class A shares. The weighted average shares outstanding are significantly lower than the Class A shares outstanding on June 30, 2020 due to the timing of the Exchange Transactions.

The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because its effects would have been anti-dilutive.

	June 30, 2020		June 30, 2019
Unvested RSUs¹		1,627,673		3,959,725
Class B shares²		-		147,058,824
Shannon Equity Agreement shares³		1,290,710		1,432,208
Total		2,918,383		152,450,757

Represents the number of instruments outstanding at the end of the period.

Class B shares at the end of the period are considered potentially dilutive Class A shares.

Class A shares that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation

6 Months Ended

Jun. 30, 2020

Share-based compensation [Abstract]

Share-based compensation

20.	Share-based compensation

In connection with the IPO, the Company adopted the New Fortress Energy LLC 2019 Omnibus Incentive Plan (the “Incentive Plan”), effective as of February 4, 2019. Under the Incentive Plan, the Company may issue options, share appreciation rights, restricted shares, restricted share units (“RSUs”), share bonuses or other share-based awards to selected officers, employees, non-employee directors and select non-employees of NFE or its affiliates.

RSUs

The Company has granted RSUs to select officers, employees, non-employee members of the board of directors and select non-employees under the Incentive Plan. The fair value of RSUs on the grant date is estimated based on the closing price of the underlying shares on the grant date and other fair value adjustments to account for a post-vesting holding period. These fair value adjustments were estimated based on the Finnerty model.

The following table summarizes the RSU activity for the six months ended June 30, 2020:

	Restricted Share Units			Weighted-average grant date fair value per share
Non-vested RSUs as of December 31, 2019		3,137,415		$	13.44
Granted		109,409			14.47
Vested and shares issued		(1,491,964	)		13.46
Forfeited		(127,187	)		13.51
Non-vested RSUs as of June 30, 2020		1,627,673		$	13.49

The following table summarizes the share-based compensation expense for the Company’s RSUs recorded for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operations and maintenance	$	253	$	260	$	490	$	329
Selling, general and administrative		1,669		8,711		3,940		27,679
Total share-based compensation expense	$	1,922	$	8,971	$	4,430	$	28,008

For the three months ended June 30, 2020 and 2019, cumulative compensation expense recognized for forfeited RSU awards of $488 and $0, respectively, was reversed. For the six months ended June 30, 2020 and 2019, cumulative compensation expense recognized for forfeited RSU awards of $549 and $0, respectively, was reversed. The Company recognizes the income tax benefits resulting from vesting of RSUs in the period of vesting, to the extent the compensation expense has been recognized.

As of June 30, 2020, the Company had 1,627,673 non-vested RSUs subject to service conditions and had unrecognized compensation costs of approximately $13,515. The non-vested RSUs will vest over a period from ten months to three years following the grant date. The weighted-average remaining vesting period of non-vested RSUs totaled 1.75 years as of June 30, 2020.

Performance Share Units (“PSUs”)

During the first quarter of 2020, the Company granted 1,109,777 PSUs to certain employees and non-employees. The PSUs contain a performance condition, and vesting will be determined based on achievement of a performance metric for the year ended December 31, 2021. The number of shares that will vest can range from zero to 2,219,554. For the three and six months ended June 30, 2020, the Company determined that it was not probable that the performance condition required for any of the PSUs to vest would be achieved, and as such, no compensation expense has been recognized in the condensed consolidated statements of operations and comprehensive loss. Unrecognized compensation costs if the maximum amount of shares were to vest based on the achievement of the performance condition was $32,073, and the weighted-average remaining vesting period of non-vested PSUs totaled 1.50 years as of June 30, 2020.

Related party transactions

6 Months Ended

Jun. 30, 2020

Related party transactions

21.	Related party transactions

Management services

The Company is majority owned by Messrs. Edens (our chief executive officer and chairman of our Board of Directors) and Nardone (one of our Directors) who are currently employed by Fortress Investment Group LLC (“Fortress”). In the ordinary course of business, Fortress, through affiliated entities, has historically charged the Company for administrative and general expenses incurred pursuant to its Management Services Agreement (“Management Agreement”). Upon completion of the IPO, the Management Agreement was terminated and replaced by an Administrative Services Agreement (“Administrative Agreement”) to charge the Company for similar administrative and general expenses. The charges under the Management Agreement and Administrative Agreement that are attributable to the Company totaled $1,914 and $1,742 for the three months ended June 30, 2020 and 2019, respectively, and $4,145 and $4,520 for the six months ended June 30, 2020 and 2019, respectively. Costs associated with the Management Agreement and Administrative Agreement are included within Selling, general and administrative in the condensed consolidated statements of operations and comprehensive loss. As of June 30, 2020 and December 31, 2019, $3,465 and $5,083 were due to Fortress, respectively.

In addition to management and administrative services, an affiliate of Fortress owns and leases an aircraft chartered by the Company for business purposes in the course of operations. The Company incurred, at aircraft operator market rates, charter costs of $45 and $649 for the three months ended June 30, 2020 and 2019, respectively, and $1,284 and $1,625 for the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020 and December 31, 2019, $1,974 and $4,286 was due to this affiliate, respectively.

Land and office lease

The Company has leased land and office space from Florida East Coast Industries, LLC (“FECI”), which is controlled by funds managed by an affiliate of Fortress. In April 2019, FECI sold the office building to a non-affiliate, and as such, the lease of the office space is no longer held with a related party. The Company recognized expense related to the land lease still held by a related party during the three and six months ended June 30, 2020 of $103 and $206, respectively, which was included within Operations and maintenance in the condensed consolidated statements of operations and comprehensive loss. The expense for the period that the land and building was owned by a related party during the three months ended June 30, 2019 totaled $112, of which $38 related to the office lease and ancillary services is included in Selling, general and administrative, and $74 related to the land lease is included within Operations and maintenance. The expense for the period that the land and building was owned by a related party during the six months ended June 30, 2019 totaled $758 of which $386 was capitalized to Construction in progress, $223 related to the office lease and ancillary services is included in Selling, general and administrative, and $149 related to the land lease is included within Operations and maintenance, respectively in the condensed consolidated statements of operations and comprehensive loss. As of June 30, 2020 and December 31, 2019, there was no amount due to FECI.

DevTech Investment

In August 2018, the Company entered into a consulting arrangement with DevTech Environment Limited (“DevTech”) to provide business development services to increase the customer base of the Company. DevTech also contributed cash consideration in exchange for a 10% interest in a consolidated subsidiary. The 10% interest is reflected as non-controlling interest in the Company’s condensed consolidated financial statements. DevTech purchased 10% of a note payable due to an affiliate of the Company. As of June 30, 2020 and December 31, 2019, $715 and $815 was owed to DevTech on the note payable, respectively. The outstanding note payable due to DevTech is included in Other long-term liabilities on the condensed consolidated balance sheets as of June 30, 2020. The interest expense on the note payable due to DevTech was $19 and $24 for the three months ended June 30, 2020 and 2019, respectively, and $38 and $46 for the six months ended June 30, 2020 and 2019, respectively. No interest has been paid, and accrued interest has been recognized within Accrued expenses on the condensed consolidated balance sheets. As of June 30, 2020 and December 31, 2019, $343 and $443 was due from DevTech, respectively.

Fortress affiliated entities

Since 2017, the Company has provided certain administrative services to related parties including Fortress affiliated entities. As of June 30, 2020 and December 31, 2019, $1,117 and $1,134 were due from affiliates, respectively. There are no costs incurred by the Company as the Company is fully reimbursed for all costs incurred.

Additionally, an entity formerly affiliated with Fortress and currently owned by Messrs. Edens and Nardone provides certain administrative services to the Company, as well as providing office space under a month-to-month non-exclusive license agreement. The Company incurred rent and administrative expenses of approximately $0 and $607 for the three months ended June 30, 2020 and 2019, respectively, and $849 and $1,026 for the six months ended June 30, 2020 and 2019, respectively. No amounts were incurred in the three months ended June 30, 2020 due to credits received from this affiliate for previously performed services. As of June 30, 2020 and December 31, 2019, $1,147 and $883 were due to this entity, respectively.

Due to/from Affiliates

The table below summarizes the balances outstanding with affiliates at June 30, 2020 and December 31, 2019:

	June 30, 2020		December 31, 2019
Amounts due to affiliates	$	6,586	$	10,252
Amounts due from affiliates		1,460		1,577

Subsequent events

6 Months Ended

Jun. 30, 2020

Subsequent events [Abstract]

Subsequent events

22.	Subsequent events

On August 3, 2020, the Company announced the decision to complete the final step in simplifying the Company’s corporate structure by converting New Fortress Energy LLC from a Delaware limited liability company to a Delaware corporation named New Fortress Energy Inc. (the “Conversion”). Since its IPO, NFE has been a corporation for U.S. tax purposes, so converting NFE from a limited liability company to a corporation has no effect on the U.S. tax treatment of the Company or its shareholders. The Conversion is expected to become effective on August 7, 2020. The Conversion was approved by NFE’s board of directors, following receipt of special approval of the Conversion pursuant to NFE’s First Amended and Restated Limited Liability Company Agreement (the “LLC Agreement”). Under Section 10.3(d) of our LLC Agreement, no vote of the members is required or will be sought for the Conversion.

Upon the Conversion, each Class A share, representing Class A limited liability company interests of the Company (“Class A Common Shares”), outstanding immediately prior to the Conversion will be converted into one issued and outstanding, fully paid and nonassessable share of Class A common stock, $0.01 par value per share, of the Corporation (“Class A Common Stock”). Class A Common Shares currently shown on the Company’s condensed consolidated statements of changes in stockholders’ equity will be reclassified to Class A Common Stock and Additional paid-in capital with no change to Total stockholders’ equity.

Significant accounting policies (Policies)

6 Months Ended

Jun. 30, 2020

Significant accounting policies [Abstract]

Basis of presentation and principles of consolidation

(a)	Basis of presentation and principles of consolidation

Use of estimates

(b)	Use of estimates

Legal and contingencies

(c)	Legal and contingencies

Revenue recognition

(d)	Revenue recognition

Contract termination charges and loss on mitigation sales

(e)	Contract termination charges and loss on mitigation sales

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 10
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Revenue from contracts with customers (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from contracts with customers [Abstract]

Contract with Customer, Asset and Liability

	June 30, 2020		December 31, 2019
Contract assets - current	$	4,270	$	3,787
Contract assets - non-current		23,525		19,474
Total contract assets	$	27,795	$	23,261

Contract liability	$	7,889	$	6,542

Revenue recognized in the year from:
Amounts included in contract liability at the beginning of the year	$	4,816	$	-

Other Revenue

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Development services revenue	$	17,495	$	3,908	$	27,566	$	3,908
Lease and other revenue		894		4,120		1,851		7,933
Total other revenue	$	18,389	$	8,028	$	29,417	$	11,841

Remaining Performance Obligations

Period	Revenue
Remainder of 2020	$	129,090
2021		243,553
2022		242,745
2023		242,836
2024		243,090
Thereafter		3,308,845
Total	$	4,410,159

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of Operating Lease Costs

	Three Months Ended June 30, 2020		Six Months Ended June 30, 2020
Operating lease cost:
Fixed lease cost	$	6,596	$	16,863
Variable lease cost		74		713
Short-term lease cost		330		616

Lease cost - Cost of Sales	$	6,109	$	15,460
Lease cost - Operations and maintenance		440		828
Lease cost - Selling, general and administrative		451		1,904

Capitalized lease cost		7,474		8,013

Supplemental Cash Flow Information Related to Leases

	Six Months Ended June 30, 2020
Operating cash outflows for operating lease liabilities	$	23,257
Right-of-use assets obtained in exchange for new operating lease liabilities		128,592

Future Payments Due under Operating Leases

The future payments due under operating leases as of June 30, 2020 is as follows:

	Operating Leases
Due remainder of 2020	$	14,737
2021		35,398
2022		18,307
2023		7,002
2024		7,114
Thereafter		33,780
Total lease payments		116,338
Less: effects of discounting		32,337
Present value of lease liabilities	$	84,001

Current lease liability	$	26,835
Non-current lease liability		57,166

Future Annual Minimum Lease Payments for Operating Leases

Future annual minimum lease payments for operating leases as of December 31, 2019, prepared in accordance with accounting standards prior to the adoption of ASC 842, were as follows:

Year ending December 31:
2020	$	37,776
2021		35,478
2022		18,387
2023		7,083
2024		7,151
Thereafter		26,458
Total	$	132,333

Property, Plant and Equipment Subject to Operating Leases

	June 30, 2020
Property, plant and equipment	$	10,955
Accumulated depreciation		(642	)
Property, plant and equipment, net	$	10,313

Operating and Financing Lease Payments to be Received

The following table shows the expected future lease payments as of June 30, 2020, for the remainder of 2020 through 2024 and thereafter:

	Future cash receipts
	Financing leases		Operating leases
Remainder of 2020	$	152	$	109
2021		303		206
2022		298		194
2023		304		196
2024		304		197
Thereafter		836		860
Total	$	2,197	$	1,762
Less: Imputed interest		1,029
Present value of total lease receipts	$	1,168

Current finance leases, net	$	253
Non-current finance leases, net		915

Fair value (Tables)

6 Months Ended

Jun. 30, 2020

Fair value [Abstract]

Financial Assets and Financial Liabilities

The following table presents the Company’s financial assets and financial liabilities that are measured at fair value as of June 30, 2020 and December 31, 2019:

	June 30, 2020
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets
Cash and cash equivalents	$	167,316	$	-	$	-	$	167,316	Market approach
Restricted cash		56,077		-		-		56,077	Market approach
Investment in equity securities		323		-		-		323	Market approach
Total	$	223,716	$	-	$	-	$	223,716

Liabilities
Derivative liability¹	$	-	$	-	$	9,686	$	9,686	Income approach
Equity agreement²		-		-		16,678		16,678	Income approach
Total	$	-	$	-	$	26,364	$	26,364

	December 31, 2019
	Level 1		Level 2		Level 3		Total		Valuation technique
Assets
Cash and cash equivalents	$	27,098	$	-	$	-	$	27,098	Market approach
Restricted cash		65,937		-		-		65,937	Market approach
Investment in equity securities		2,540		-		-		2,540	Market approach
Total	$	95,575	$	-	$	-	$	95,575

Liabilities
Derivative liability¹	$	-	$	-	$	9,800	$	9,800	Income approach
Equity agreement²		-		-		16,800		16,800	Income approach
Total	$	-	$	-	$	26,600	$	26,600

(1)

Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.

(2)

To be paid in shares at the earlier of agreed-upon date or the commencement of significant construction activities specified in the Shannon LNG Agreement.

Fair Value and Currency Translation Adjustment

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020			2019
Fair value adjustment - Loss/(gain)	$	1,323	$	478	$	(294	)	$	(155	)
Currency translation adjustment - Loss		595		-		58			-

Restricted cash (Tables)

6 Months Ended

Jun. 30, 2020

Restricted cash [Abstract]

Restricted Cash

As of June 30, 2020 and December 31, 2019, restricted cash consisted of the following:

	June 30, 2020		December 31, 2019
Collateral for performance under customer agreements	$	15,000	$	15,000
Collateral for LNG purchases		26,476		35,000
Collateral for letters of credit and performance bonds		6,220		7,388
Debt service reserve account		8,131		8,299
Other restricted cash		250		250
Total restricted cash	$	56,077	$	65,937

Current restricted cash	$	32,946	$	30,966
Non-current restricted cash		23,131		34,971

Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory [Abstract]

Inventory

As of June 30, 2020 and December 31, 2019, inventory consisted of the following:

	June 30, 2020		December 31, 2019
LNG and natural gas inventory	$	41,778	$	57,436
Automotive diesel oil inventory		5,167		4,746
Materials, supplies and other		3,940		1,250
Total inventory	$	50,885	$	63,432

Prepaid expenses and other current assets (Tables)

6 Months Ended

Jun. 30, 2020

Prepaid expenses and other current assets [Abstract]

Prepaid Expenses and Other Current Assets

As of June 30, 2020 and December 31, 2019, prepaid expenses and other current assets consisted of the following:

	June 30, 2020		December 31, 2019
Prepaid expenses	$	6,348	$	7,458
Prepaid LNG		3,312		7,097
Due from affiliates (Note 21)		1,460		1,577
Other current assets		17,821		23,602
Total prepaid expenses and other current assets	$	28,941	$	39,734

Construction in progress (Tables)

6 Months Ended

Jun. 30, 2020

Construction in Progress [Abstract]

Construction in Progress Activity

The Company’s construction in progress activity during the six months ended June 30, 2020 is detailed below:

	June 30, 2020
Balance at beginning of period	$	466,587
Additions		80,541
Transferred to property, plant and equipment, net (Note 12)		(200,177	)
Balance at end of period	$	346,951

Property, plant and equipment, net (Tables)

6 Months Ended

Jun. 30, 2020

Property, plant and equipment, net [Abstract]

Property, Plant and Equipment, Net

As of June 30, 2020 and December 31, 2019, the Company’s property, plant and equipment, net consisted of the following:

	June 30, 2020			December 31, 2019
CHP facilities	$	117,496		$	-
Terminal and power plant equipment		105,705			14,981
LNG liquefaction facilities		65,992			66,273
Gas terminals		72,394			52,781
Gas pipelines		58,974			11,692
ISO containers and other equipment		74,071			39,951
Land		15,637			15,401
Leasehold improvements		8,309			8,054
Accumulated depreciation		(43,380	)		(16,911	)
Total property, plant and equipment, net	$	475,198		$	192,222

Intangible assets (Tables)

6 Months Ended

Jun. 30, 2020

Intangible assets [Abstract]

Composition of Intangible Assets

The following table summarizes the composition of intangible assets as of June 30, 2020 and December 31, 2019:

	June 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG permits	$	42,078	$	1,709	$	40,369		40
Easements		1,559		165		1,394		30

Indefinite-lived intangible assets
Easements		1,168		-		1,168		n/a
Total intangible assets	$	44,805	$	1,874	$	42,931

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Life
Definite-lived intangible assets
Shannon LNG leases and permits	$	42,157	$	1,198	$	40,959		40
Easements		1,559		139		1,420		30

Indefinite-lived intangible assets
Easements		1,161		-		1,161		n/a
Total intangible assets	$	44,877	$	1,337	$	43,540

Other non-current assets (Tables)

6 Months Ended

Jun. 30, 2020

Other non-current assets [Abstract]

Other Non-Current Assets

As of June 30, 2020 and December 31, 2019, Other non-current assets consisted of the following:

	June 30, 2020		December 31, 2019
Nonrefundable deposit	$	24,643	$	22,262
Contract asset (Note 4)		23,525		19,474
Cost to fulfill (Note 4)		9,533		8,508
Unbilled receivables (Note 4)		6,643		-
Upfront payments to customers		5,739		5,904
Port access rights and initial lease costs		-		17,762
Other		7,087		7,716
Total other non-current assets	$	77,170	$	81,626

Accrued liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Accrued liabilities [Abstract]

Accrued Liabilities

As of June 30, 2020 and December 31, 2019, accrued liabilities consisted of the following:

	June 30, 2020		December 31, 2019
Accrued contract termination charges	$	105,000	$	-
Accrued construction costs		8,689		25,037
Accrued interest		13,282		-
Accrued bonuses		8,216		14,991
Other accrued expenses		30,105		14,915
Total accrued liabilities	$	165,292	$	54,943

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt [Abstract]

Long-term Debt

As of June 30, 2020 and December 31, 2019, debt consisted of the following:

	June 30, 2020		December 31, 2019
Credit Agreement, due January 15, 2023	$	773,895	$	-
Term Loan Facility, due January 21, 2020		-		495,000
Senior Secured Bonds, due September 2034		71,052		70,960
Senior Secured Bonds, due December 2034		62,968		10,823
Senior Unsecured Bonds, due September 2036		42,323		42,274
Total debt	$	950,238	$	619,057

Interest Expense

	Three months ended				Six months ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Interest costs:
Interest per contractual rates	$	19,766	$	8,475	$	38,640	$	13,364
Amortization of debt issuance costs		5,728		3,166		10,350		5,230
Total interest costs		25,494		11,641		48,990		18,594
Capitalized interest		8,296		5,442		17,902		9,111
Total interest expense	$	17,198	$	6,199	$	31,088	$	9,483

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Earnings per share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings per share [Abstract]

Earnings Per Share

	Three Months Ended						Six Months Ended
	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Numerator:
Net loss	$	(166,519	)	$	(51,233	)	$	(226,574	)	$	(111,525	)
Less: net loss attributable to non-controlling interests		29,094			45,047			80,851			91,782
Net loss attributable to Class A shares	$	(137,425	)	$	(6,186	)	$	(145,723	)	$	(19,743	)
Denominator:
Weighted-average shares-basic and diluted		57,341,215			22,114,002			41,771,849			18,154,939

Net loss per share - basic and diluted	$	(2.40	)	$	(0.28	)	$	(3.49	)	$	(1.09	)

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive

The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because its effects would have been anti-dilutive.

	June 30, 2020		June 30, 2019
Unvested RSUs¹		1,627,673		3,959,725
Class B shares²		-		147,058,824
Shannon Equity Agreement shares³		1,290,710		1,432,208
Total		2,918,383		152,450,757

Represents the number of instruments outstanding at the end of the period.

Class B shares at the end of the period are considered potentially dilutive Class A shares.

Class A shares that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2020

Share-based compensation [Abstract]

RSU Activity

The following table summarizes the RSU activity for the six months ended June 30, 2020:

	Restricted Share Units			Weighted-average grant date fair value per share
Non-vested RSUs as of December 31, 2019		3,137,415		$	13.44
Granted		109,409			14.47
Vested and shares issued		(1,491,964	)		13.46
Forfeited		(127,187	)		13.51
Non-vested RSUs as of June 30, 2020		1,627,673		$	13.49

Share-based Compensation Expense

The following table summarizes the share-based compensation expense for the Company’s RSUs recorded for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operations and maintenance	$	253	$	260	$	490	$	329
Selling, general and administrative		1,669		8,711		3,940		27,679
Total share-based compensation expense	$	1,922	$	8,971	$	4,430	$	28,008

Related party transactions (Tables)

6 Months Ended

Jun. 30, 2020

Due to/from Affiliates

The table below summarizes the balances outstanding with affiliates at June 30, 2020 and December 31, 2019:

	June 30, 2020		December 31, 2019
Amounts due to affiliates	$	6,586	$	10,252
Amounts due from affiliates		1,460		1,577

Organization (Details)	6 Months Ended
Organization (Details)	Jun. 30, 2020 Segment
Organization [Abstract]
Number of operating segments	1

Significant accounting policies (Details) $ / shares in Units, $ in Thousands				2 Months Ended	3 Months Ended	6 Months Ended
	Jun. 10, 2020 shares	Mar. 01, 2019 USD ($) $ / shares shares	Feb. 04, 2019 USD ($) $ / shares shares	Mar. 31, 2019 shares	Jun. 30, 2020 USD ($) shares	Jun. 30, 2020 USD ($) Obligation shares	Jun. 30, 2019 USD ($)	Dec. 31, 2019 shares
Basis of presentation and principles of consolidation [Abstract]
Net proceeds from initial public offering \| $						$ 0	$ 274,948
Percentage of voting and non-economic interest			88.00%
Percentage of economic interest in NFI			88.00%
Underwriting discounts and commissions \| $						$ 0	$ 6,938
Exchange transactions completion date						Jun. 10, 2020
Revenue recognition [Abstract]
Number of performance obligations \| Obligation						1
Contract Termination Charges and Loss on Mitigation Sales [Abstract]
Termination charges \| $					$ 105,000	$ 105,000
Cancellation fee \| $						105,000
Loss on mitigation sales \| $					$ (18,906)	$ (19,114)
Class A [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares outstanding (in shares)					168,587,346	168,587,346		23,607,096
Shares issued in exchange of NFI units (in shares)	144,342,572
Class A [Member] \| IPO [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares issued in initial public offering (in shares)		837,272	20,000,000
IPO price per share (in dollars per share) \| $ / shares		$ 14.00	$ 14.00
Net proceeds from initial public offering \| $		$ 11,000	$ 257,000
Shares outstanding (in shares)		20,837,272
Underwriting discounts and commissions \| $		$ 700
Class A [Member] \| Common Stock [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares issued in initial public offering (in shares)				20,837,272
Shares issued in exchange of NFI units (in shares)					144,342,572
Class B [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares outstanding (in shares)					0	0		144,342,572
Shares issued in exchange of NFI units (in shares)	144,342,572
Class B [Member] \| IPO [Member]
Basis of presentation and principles of consolidation [Abstract]
Effects of reorganization transactions (in shares)			147,058,824
Shares outstanding (in shares)			147,058,824
Class B [Member] \| Common Stock [Member]
Basis of presentation and principles of consolidation [Abstract]
Shares issued in exchange of NFI units (in shares)					(144,342,572)

Adoption of new and revised standards (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Adoption of New and Revised Standards [Abstract]
Right-of-use asset	$ 106,993	$ 0
Lease liability	84,001
Adjustments to retained earnings, net of tax	$ (192,852)	(45,823)
ASU 2016-02 [Member]
Adoption of New and Revised Standards [Abstract]
Right-of-use asset		124,774
Lease liability		103,874
ASU 2016-02 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Adoption of New and Revised Standards [Abstract]
Adjustments to retained earnings, net of tax		(9,085)
Adjustments to retained earnings, tax		$ (2,945)

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Contract with Customer, Asset and Liability [Abstract]
Receivables, revenue from contracts with customers	$ 44,704		$ 44,704		$ 30,563
Contract assets - current	4,270		4,270		3,787
Contract assets - non-current	23,525		23,525		19,474
Total contract assets	27,795		27,795		23,261
Contract liability	7,889		7,889		6,542
Revenue recognized in the year from [Abstract]
Amounts included in contract liability at the beginning of the year					4,816	$ 0
Unbilled receivables	6,999		6,999
Unbilled receivables included in other current assets	356		356
Unbilled receivables included in other non-current asset	6,643		6,643		0
Disaggregation of Revenue [Abstract]
Operating revenue	76,177	$ 31,738	139,679	$ 57,876
Other revenues	18,389	8,028	29,417	11,841
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	4,410,159		4,410,159
Capitalized Contract Cost [Abstract]
Capitalized contract costs	10,031		10,031		8,839
Other current assets	498		498		331
Other noncurrent assets	9,533		9,533		$ 8,508
Power and Steam [Member]
Disaggregation of Revenue [Abstract]
Operating revenue	6,946		8,677
Development Services [Member]
Disaggregation of Revenue [Abstract]
Other revenues	17,495	3,908	27,566	3,908
Lease and Other Revenue [Member]
Disaggregation of Revenue [Abstract]
Other revenues	894	$ 4,120	1,851	$ 7,933
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 129,090		$ 129,090
Remaining performance obligation, expected timing of satisfaction, period	6 months		6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 243,553		$ 243,553
Remaining performance obligation, expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 242,745		$ 242,745
Remaining performance obligation, expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 242,836		$ 242,836
Remaining performance obligation, expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 243,090		$ 243,090
Remaining performance obligation, expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 3,308,845		$ 3,308,845
Remaining performance obligation, expected timing of satisfaction, period

Leases, Components of Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Operating lease cost [Abstract]
Fixed lease cost	$ 6,596	$ 16,863
Variable lease cost	74	713
Short-term lease cost	330	616
Lease cost - Cost of Sales	6,109	15,460
Lease cost - Operations and maintenance	440	828
Lease cost - Selling, general and administrative	451	1,904
Capitalized lease cost	$ 7,474	$ 8,013

Leases, Lessee Operating Lease Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Supplemental cash flow information related to leases [Abstract]
Operating cash outflows for operating lease liabilities	$ 23,257
Right-of-use assets obtained in exchange for new operating leases	$ 128,592

Leases, Future Payments Due under Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Future minimum payments of operating lease liability [Abstract]
Due remainder of 2020	$ 14,737
2021	35,398
2022	18,307
2023	7,002
2024	7,114
Thereafter	33,780
Total lease payments	116,338
Less: effects of discounting	32,337
Present value of lease liabilities	84,001
Current lease liability	26,835	$ 0
Non-current lease liability	$ 57,166	$ 0
Weighted-average remaining lease term	5 years 9 months 18 days
Weighted average discount rate	8.60%
Noncancelable term of vessel lease	5 years
Fixed payments for lease and non-lease components	$ 69,704

Leases, Future Annual Minimum Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2019
Operating lease future minimum payments before adoption of ASC 842 [Abstract]
2020			$ 37,776
2021			35,478
2022			18,387
2023			7,083
2024			7,151
Thereafter			26,458
Total			$ 132,333
Operating leases, rent expense [Abstract]
Rental expense	$ 8,939	$ 17,376

Leases, Property, Plant and Equipment Subject to Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment Subjected to Operating Lease [Abstract]
Total property, plant and equipment, net	$ 475,198	$ 192,222
Lessor [Member]
Property, Plant and Equipment Subjected to Operating Lease [Abstract]
Property, plant and equipment	10,955
Accumulated depreciation	(642)
Total property, plant and equipment, net	$ 10,313

Leases, Expected Future Lease Payments (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Financing leases, lease receivable, fiscal year maturity [Abstract]
Remainder of 2020	$ 152
2021	303
2022	298
2023	304
2024	304
Thereafter	836
Total	2,197
Less: Imputed interest	1,029
Present value of total lease receipts	1,168
Current finance leases, net	253
Non-current finance leases, net	915
Operating lease, payments, fiscal year maturity [Abstract]
Reminder of 2020	109
2021	206
2022	194
2023	196
2024	197
Thereafter	860
Total	$ 1,762

Fair value (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

Assets [Abstract]

Restricted cash

$ 56,077

$ 65,937

Investment in equity securities

323

2,540

Fair Value Adjustment and Currency Translation Adjustment [Abstract]

Fair value adjustment - Loss/(gain)

1,323

$ 478

(294)

$ (155)

Currency translation adjustment - Loss

595

$ 0

Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

167,316

27,098

Restricted cash

56,077

65,937

Investment in equity securities

323

2,540

Total

223,716

95,575

Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

9,686

9,800

Equity agreement

^[2]

16,678

16,800

Total

26,364

26,600

Level 1 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

167,316

27,098

Restricted cash

56,077

65,937

Investment in equity securities

323

2,540

Total

223,716

95,575

Level 1 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

Equity agreement

^[2]

Total

Level 2 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

Restricted cash

Investment in equity securities

Total

Level 2 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

Equity agreement

^[2]

Total

Level 3 [Member] | Market Approach [Member]

Assets [Abstract]

Cash and cash equivalents

Restricted cash

Investment in equity securities

Total

Level 3 [Member] | Income Approach [Member]

Liabilities [Abstract]

Derivative liability

^[1]

9,686

9,800

Equity agreement

^[2]

16,678

16,800

Total

$ 26,364

$ 26,600

[1]	Consideration due to the sellers of Shannon LNG once first gas is supplied from the terminal to be built.
[2]	To be paid in shares at the earlier of agreed-upon date or the commencement of significant construction activities specified in the Shannon LNG Agreement.

Restricted cash (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Restricted cash [Abstract]
Collateral for performance under customer agreements	$ 15,000	$ 15,000
Collateral for LNG purchases	26,476	35,000
Collateral for letters of credit and performance bonds	6,220	7,388
Debt service reserve account	8,131	8,299
Other restricted cash	250	250
Total restricted cash	56,077	65,937
Current restricted cash	32,946	30,966
Non-current restricted cash	$ 23,131	$ 34,971

Inventory (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Inventory [Abstract]
LNG and natural gas inventory	$ 41,778		$ 41,778		$ 57,436
Automotive diesel oil inventory	5,167		5,167		4,746
Materials, supplies and other	3,940		3,940		1,250
Total inventory	50,885		50,885		$ 63,432
Inventory adjustments	$ 0	$ 0	$ 0	$ 0

Prepaid expenses and other current assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Prepaid expenses and other current assets [Abstract]
Prepaid expenses	$ 6,348	$ 7,458
Prepaid LNG	3,312	7,097
Due from affiliates (Note 21)	1,460	1,577
Other current assets	17,821	23,602
Total prepaid expenses and other expenses	$ 28,941	$ 39,734

Investment in equity securities (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Investment in equity securities [Abstract]
Investment cost	$ 3,667		$ 3,667
Number of shares (in shares)	295,256		295,256		295,256
Fair value	$ 323		$ 323		$ 2,540
Unrealized (gain)/loss	$ (183)	$ 1,698	$ 2,217	$ 802

Construction in progress (Details) - USD ($) $ in Thousands	6 Months Ended
Construction in progress (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Construction in Progress [Roll Forward]
Balance at beginning of period	$ 466,587
Additions	80,541
Transferred to property, plant and equipment, net (Note 12)	(200,177)
Balance at end of period	346,951
Interest costs capitalized	$ 17,902	$ 9,111

Property, plant and equipment, net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment, Net [Abstract]
Accumulated depreciation	$ (43,380)		$ (43,380)		$ (16,911)
Total property, plant and equipment, net	475,198		475,198		192,222
Adjustment to retained earnings	(192,852)		(192,852)		(45,823)
Depreciation	7,539	$ 1,983	12,750	$ 3,563
Cost of Sales [Member]
Property, Plant and Equipment, Net [Abstract]
Depreciation	223	$ 147	450	$ 305
ASU 2016-02 [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross					92,207
Accumulated depreciation					13,932
Adjustment to net investment in direct financing lease					91,005
ASU 2016-02 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Property, Plant and Equipment, Net [Abstract]
Adjustment to retained earnings					(9,085)
Adjustments to retained earnings, tax					(2,945)
CHP Facilities [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	117,496		117,496		0
Terminal and Power Plant Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	105,705		105,705		14,981
LNG Liquefaction Facilities [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	65,992		65,992		66,273
Gas Terminals [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	72,394		72,394		52,781
Gas Pipelines [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	58,974		58,974		11,692
ISO Containers and Other Equipment [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	74,071		74,071		39,951
Land [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	15,637		15,637		15,401
Leasehold Improvements [Member]
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, gross	$ 8,309		$ 8,309		$ 8,054

Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
Intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Accumulated Amortization	$ 1,874		$ 1,874		$ 1,337
Total Intangible Assets, Gross Carrying Amount	44,805		44,805		44,877
Total Intangible Assets, Net Carrying Amount	42,931		$ 42,931		$ 43,540
Weighted average remaining amortization period for intangible assets			38 years		38 years 9 months 18 days
Amortization	282	$ 286	$ 552	$ 564
Easements [Member]
Intangible Assets, Net [Abstract]
Indefinite-Lived Intangible Assets, Carrying Amount	1,168		1,168		$ 1,161
Shannon LNG Leases and Permits [Member]
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Gross Carrying Amount	42,078		42,078		42,157
Definite-Lived Intangible Assets, Accumulated Amortization	1,709		1,709		1,198
Definite-Lived Intangible Assets, Net Carrying Amount	40,369		$ 40,369		$ 40,959
Definite-Lived Intangible Assets, Weighted Average Life			40 years		40 years
Easements [Member]
Intangible Assets, Net [Abstract]
Definite-Lived Intangible Assets, Gross Carrying Amount	1,559		$ 1,559		$ 1,559
Definite-Lived Intangible Assets, Accumulated Amortization	165		165		139
Definite-Lived Intangible Assets, Net Carrying Amount	$ 1,394		$ 1,394		$ 1,420
Definite-Lived Intangible Assets, Weighted Average Life			30 years		30 years

Other non-current assets (Details) $ in Thousands	6 Months Ended
Other non-current assets (Details) $ in Thousands	Jun. 30, 2020 USD ($) SalesContract	Dec. 31, 2019 USD ($)
Other non-current assets [Abstract]
Nonrefundable deposit	$ 24,643	$ 22,262
Contract asset (Note 4)	23,525	19,474
Cost to fulfill (Note 4)	9,533	8,508
Unbilled receivables (Note 4)	6,643	0
Upfront payments to customers	5,739	5,904
Port access rights and initial lease costs	0	17,762
Other	7,087	7,716
Total other non-current assets	$ 77,170	$ 81,626
Number of sales contracts \| SalesContract	2

Accrued liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accrued liabilities [Abstract]
Accrued contract termination charges	$ 105,000	$ 0
Accrued construction costs	8,689	25,037
Accrued interest	13,282	0
Accrued bonuses	8,216	14,991
Other accrued expenses	30,105	14,915
Total accrued liabilities	$ 165,292	$ 54,943

Debt (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 950,238	$ 950,238	$ 619,057
Credit Agreement, due January 15, 2023 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 773,895	$ 773,895	0
Maturity date	Jan. 15, 2023	Jan. 15, 2023
Term Loan Facility, due January 21, 2020 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 0	$ 0	495,000
Maturity date	Jan. 21, 2020
Senior Secured Bonds, due September 2034 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 71,052	71,052	70,960
Maturity date	Sep. 30, 2034
Senior Secured Bonds, due December 2034 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 62,968	62,968	10,823
Maturity date	Dec. 31, 2034
Senior Unsecured Bonds, due September 2036 [Member]
Long-term Debt, Current and Noncurrent [Abstract]
Total debt	$ 42,323	$ 42,323	$ 42,274
Maturity date	Sep. 30, 2036

Debt, The Credit Agreement (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Jan. 10, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Aug. 16, 2018
Credit Agreement [Abstract]
Outstanding principal amount		$ 950,238	$ 950,238	$ 619,057
Credit Agreement [Member]
Credit Agreement [Abstract]
Aggregate principal amount	$ 800,000
Debt maturity date		Jan. 15, 2023	Jan. 15, 2023
Variable interest rate	6.25%
Increase in interest rate	1.50%
Outstanding principal amount		$ 773,895	$ 773,895	0
Remaining unamortized deferred financing costs	$ 36,313	$ 26,105	$ 26,105
Credit Agreement [Member] \| Interest Rate Floor [Member]
Credit Agreement [Abstract]
Variable interest rate	1.50%
Term Loan Facility, due January 21, 2020 [Member]
Credit Agreement [Abstract]
Aggregate principal amount					$ 500,000	$ 240,000
Debt maturity date		Jan. 21, 2020
Variable interest rate			4.00%
Increase in interest rate			0.50%
Outstanding principal amount		$ 0	$ 0	495,000
Remaining unamortized deferred financing costs				$ 0

Debt, Term Loan Facility (Details) $ in Thousands		3 Months Ended		6 Months Ended
Debt, Term Loan Facility (Details) $ in Thousands	Mar. 21, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) Extension	Jun. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Aug. 16, 2018 USD ($) Lender
Term Loan Facility [Abstract]
Loss on extinguishment of debt		$ 0	$ 0	$ (9,557)	$ 0
Term Loan Facility, due January 21, 2020 [Member]
Term Loan Facility [Abstract]
Number of lenders \| Lender								2
Aggregate principal amount							$ 500,000	$ 240,000
Outstanding borrowings	$ 500,000						$ 280,000
Additional borrowing amount	$ 220,000
Debt instrument, basis spread on variable rate				4.00%
Debt instrument, frequency of periodic payment				quarterly
Debt instrument, periodic payment				$ 1,250
Unamortized deferred financing cost						$ 0
Number of extensions for maturity date \| Extension				2
Additional extended maturity period				6 months
Percentage of fee payable in outstanding principal for extension of maturity date		1.00%		1.00%
Increase in interest rate				0.50%
Loss on extinguishment of debt				$ (9,557)
Term Loan Facility, due January 21, 2020 [Member] \| Floor Rate [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate				1.00%
Term Loan Facility, due January 21, 2020 [Member] \| Federal Funds Rate [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate				0.50%
Term Loan Facility, due January 21, 2020 [Member] \| LIBOR [Member]
Term Loan Facility [Abstract]
Debt instrument, basis spread on variable rate				1.00%
Debt instrument, term of variable rate				1 month
Interest rate plus spread				3.00%

Debt, South Power Bonds (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
Debt, South Power Bonds (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 02, 2019
Senior Secured and Unsecured Bonds [Abstract]
Debt service reserve account		$ 8,131	$ 8,299
South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Debt service reserve account		$ 8,131
Senior Secured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Debt instrument, issuable			63,000	$ 73,317
Proceeds from issuance of bonds	$ 52,144		10,856
Fixed interest rate		8.25%
Maturity period		15 years
Non-payment of principal due period		7 years
Frequency of payments		quarterly
Percentage of quarterly principal payment		1.60%
Percentage of balloon payment due upon maturity		50.00%
Senior Unsecured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Debt instrument, issuable				$ 43,683
Fixed interest rate		11.00%
Maturity date		Sep. 30, 2036
Non-payment of principal due period		9 years
Frequency of payments		quarterly
Senior Secured Bonds and Senior Unsecured Bonds [Member] \| South Power [Member]
Senior Secured and Unsecured Bonds [Abstract]
Fees paid		$ 3,892
Unamortized deferred financing cost		$ 3,657	$ 3,799

Debt, Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Debt, Interest Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest costs [Abstract]
Amortization of debt issuance costs			$ 6,965	$ 2,589
Interest expense	$ 17,198	$ 6,199	31,088	9,483
Debt [Member]
Interest costs [Abstract]
Interest per contractual rates	19,766	8,475	38,640	13,364
Amortization of debt issuance costs	5,728	3,166	10,350	5,230
Total interest costs	25,494	11,641	48,990	18,594
Capitalized interest	8,296	5,442	17,902	9,111
Interest expense	$ 17,198	$ 6,199	$ 31,088	$ 9,483

Income taxes (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
Income taxes (Details) - USD ($) $ in Thousands	Jun. 10, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Feb. 04, 2019
Loss before Income Taxes [Abstract]
Percentage of NFI operations included in income tax provision	100.00%
Effective tax rate		(0.07%)	(0.30%)	(0.05%)	(0.36%)
Tax expense		$ 117	$ 155	$ 113	$ 401
Statutory tax rate		21.00%	21.00%	21.00%	21.00%
Uncertain tax positions		$ 0		$ 0
IPO [Member]
Loss before Income Taxes [Abstract]
Deferred tax asset						$ 42,783

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Earnings per share (Details)
$ / shares in Units, $ in Thousands

1 Months Ended

2 Months Ended

3 Months Ended

6 Months Ended

Feb. 04, 2019

USD ($)

Mar. 31, 2019

USD ($)

Jun. 30, 2020

USD ($)

$ / shares

Mar. 31, 2020

USD ($)

Jun. 30, 2019

USD ($)

$ / shares

Jun. 30, 2020

USD ($)

$ / shares

Jun. 30, 2019

USD ($)

$ / shares

Dec. 31, 2019

Dec. 31, 2018

Numerator [Abstract]

Net loss | $

$ (8,003)

$ (52,289)

$ (166,519)

$ (60,055)

$ (51,233)

$ (226,574)

$ (111,525)

Less: net loss attributable to non-controlling interests | $

29,094

45,047

80,851

91,782

Net loss attributable to stockholders | $

$ (137,425)

$ (6,186)

$ (145,723)

$ (19,743)

Denominator [Abstract]

Weighted-average shares-basic and diluted (in shares)

57,341,215

22,114,002

41,771,849

18,154,939

Net loss per share - basic and diluted (in dollars per share) | $ / shares

$ (2.40)

$ (0.28)

$ (3.49)

$ (1.09)

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

2,918,383

152,450,757

Class A [Member] | Common Stock [Member]

Subsidiary, Sale of Stock [Line Items]

Shares outstanding (in shares)

20,837,272

169,174,104

24,820,003

20,837,272

169,174,104

20,837,272

23,607,096

Class B [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[1]

147,058,824

Class B [Member] | Common Stock [Member]

Subsidiary, Sale of Stock [Line Items]

Shares outstanding (in shares)

147,058,824

144,342,572

147,058,824

144,342,572

IPO [Member]

Subsidiary, Sale of Stock [Line Items]

Stock split issued and outstanding shares effected in connection with IPO

2.16

IPO [Member] | Class B [Member]

Subsidiary, Sale of Stock [Line Items]

Effects of reorganization transactions (in shares)

147,058,824

Shares outstanding (in shares)

147,058,824

Unvested RSU [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[2]

1,627,673

3,959,725

Shannon Equity Agreement [Member]

Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Effects Presented in Anti-dilutive [Abstract]

Anti-dilutive securities excluded from computation of diluted weighted average shares outstanding (in shares)

^[3]

1,290,710

1,432,208

[1]	Class B shares at the end of the period are considered potentially dilutive Class A shares.
[2]	Represents the number of instruments outstanding at the end of the period.
[3]	Class A shares that would be issued in relation to the Shannon LNG Equity Agreement.

Share-based compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted Stock Units [Member]
Number of Shares [Roll Forward]
Non-vested RSUs, beginning balance (in shares)		3,137,415		3,137,415
Granted (in shares)				109,409
Vested and shares issued (in shares)				(1,491,964)
Forfeited (in shares)				(127,187)
Non-vested RSUs, ending balance (in shares)	1,627,673			1,627,673
Weighted Average Grant Date Fair Value Per Share [Abstract]
Non-vested RSUs, beginning balance (in dollars per share)		$ 13.44		$ 13.44
Granted (in dollars per share)				14.47
Vested and shares issued (in dollars per share)				13.46
Forfeited (in dollars per share)				13.51
Non-vested RSUs, ending balance (in dollars per share)	$ 13.49			$ 13.49
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 1,922		$ 8,971	$ 4,430	$ 28,008
Compensation expense recognized for forfeited RSU awards	488		0	549	0
Unrecognized compensation cost	13,515			$ 13,515
Weighted-average remaining vesting period of non-vested stock (in years)				1 year 9 months
Restricted Stock Units [Member] \| Operations and Maintenance [Member]
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	253		260	$ 490	329
Restricted Stock Units [Member] \| Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	1,669		$ 8,711	$ 3,940	$ 27,679
Restricted Stock Units [Member] \| Minimum [Member]
Share-based Payment Arrangement [Abstract]
Vesting period				10 months
Restricted Stock Units [Member] \| Maximum [Member]
Share-based Payment Arrangement [Abstract]
Vesting period				3 years
Performance Share Units [Member]
Share-based Payment Arrangement [Abstract]
Unrecognized compensation cost	$ 32,073			$ 32,073
Weighted-average remaining vesting period of non-vested stock (in years)				1 year 6 months
Performance Share Units [Member] \| Employees and Non-employees [Member]
Number of Shares [Roll Forward]
Granted (in shares)	1,109,777
Performance Share Units [Member] \| Minimum [Member]
Number of Shares [Roll Forward]
Vested and shares issued (in shares)		0
Performance Share Units [Member] \| Maximum [Member]
Number of Shares [Roll Forward]
Vested and shares issued (in shares)		(2,219,554)

Related party transactions (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 31, 2018	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related party transaction [Abstract]
Administrative and general expenses		$ 1,914	$ 1,742	$ 4,145	$ 4,520
Amount due to affiliates		6,586		6,586		$ 10,252
Charter costs		45	649	1,284	1,625
Amounts due from affiliates		$ 1,460		$ 1,460		1,577
DevTech Investment [Member]
Related party transaction [Abstract]
Minority interest percentage in exchange for cash consideration		10.00%		10.00%
Percentage of note payable purchased by affiliate	10.00%
Note payable due		$ 715		$ 715		815
Interest expense on note payable		19	24	38	46
Amounts due from affiliates		343		343		443
Fortress [Member]
Related party transaction [Abstract]
Amount due to affiliates		3,465		3,465		5,083
Fortress Affiliate [Member]
Related party transaction [Abstract]
Amount due to affiliates		1,974		1,974		4,286
Florida East Coast Industries [Member]
Related party transaction [Abstract]
Amount due to affiliates		0		0		0
Florida East Coast Industries [Member] \| Selling, General and Administrative Expenses [Member]
Related party transaction [Abstract]
Lease expense			38		223
Florida East Coast Industries [Member] \| Land and Building [Member]
Related party transaction [Abstract]
Lease expense			112		758
Florida East Coast Industries [Member] \| Land [Member] \| Operations and Maintenance [Member]
Related party transaction [Abstract]
Lease expense		103	74	206	149
Florida East Coast Industries [Member] \| Construction in Progress [Member]
Related party transaction [Abstract]
Lease expense			386
Fortress Affiliated Entities [Member]
Related party transaction [Abstract]
Amount due to affiliates		1,147		1,147		883
Amounts due from affiliates		1,117		1,117		$ 1,134
Rent and administrative expenses		$ 0	$ 607	$ 849	$ 1,026

Related party transactions, Due to/from Affiliates (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Related party transactions [Abstract]
Amounts due to affiliates	$ 6,586	$ 10,252
Amounts due from affiliates	$ 1,460	$ 1,577

Subsequent events (Details) - Subsequent Events [Member] - Class A [Member]	Aug. 07, 2020 $ / shares shares
Subsequent Events [Abstract]
Number of LLC shares converted to Corporate shares (in shares) \| shares	1
Par value per share (in dollars per share) \| $ / shares	$ 0.01