NewFortress Energy 2Q23 Results

(in thousands of U.S. dollars) Net income Add: Interest expense Add: Tax provision (benefit) Add: Contract termination charges and loss on mitigation sales Add: Depreciation and amortization Add: Asset impairment expense Add: SG&A items excluded from Core SG&A Add: Transaction and integration costs Add: Other (income) expense, net Appendix Adjusted EBITDA (non-GAAP) Adjusted EBITDA Add: Changes in fair value of non-hedge derivative instruments and contingent consideration Add: Loss on extinguishment of debt, net Add: Pro rata share of Adjusted EBITDA from unconsolidated entities Less: Loss (income) from equity method investments Add: Contract acquisition cost Q1 2022 $241,181 44,916 (49,681) 34,290 7,081 1,901 (19,725) (2,492) 50,497 (50,235) $257,733 Q2 2022 $(178,431) 47,840 (86,539) 36,356 48,109 8,270 4,866 (22,102) 2,247 49,951 372,927 $283,494 Q1 2023 $151,566 71,673 28,960 34,375 11,071 494 25,005 111,140 15,432 (9,980) $439,736 Q2 2023 $120,100 64,396 15,322 42,115 8,422 1,554 (6,584) (2,835) (2,269) 6,232 $246,453 28

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