NewFortress Energy 2Q23 Results

(in thousands of $) Appendix Segment operating margin reconciliation Three Months Ended June 30, 2023 Total revenues Cost of sales (1) Vessel operating expenses Operations and maintenance Consolidated Segment Operating Margin Less: Selling, general and administrative Transaction and integration costs Depreciation and amortization Interest expense Other (income) expense, net (Income) from equity method investments Tax provision Net income Terminals and Infrastructure 495,504 222,371 33,697 239,43 Ships 65,841 11,443 54,398 Total Segment 561,345 222,371 11,443 33,697 293,83 Consolidation and Other (2) 3,397 (3,397) Consolidated 561,345 225,768 11,443 33,697 290,437 55,803 1,554 42,115 64,396 (6,584) (2,269) 15,322 120,100 (1) Cost of sales in the Company's segment measure only includes gains and losses on derivative transactions that are an economic hedge of our commodity purchases and sales, and in the second quarter of 2023, realized gains of $146,112 were recognized as a reduction to Cost of Sales. Unrealized changes in the mark-to-market of derivative transactions of $(2,835) reconcile Cost of sales in the segment measure to Cost of sales in our condensed consolidated statement of operations and comprehensive income (loss). The Company has excluded contract acquisition costs that do not meet the criteria for capitalization from the segment measure. Contract acquisition costs of $6,232 for the three and six months ended June 30, 2023 reconcile Cost of sales in the segment measure to Cost of sales in the condensed consolidated statements of operations and comprehensive income (loss). (2) Consolidation and Other adjusts for the exclusion of unrealized mark-to-market gain or loss on derivative instruments. 32

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