NewFortress Energy 2Q23 Results

(in thousands of $) Appendix Segment operating margin reconciliation Three Months Ended March 31, 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 502,608 73,798 26,671 402,139 Ships 97,917 19,239 78,678 Total Segment 600,525 73,798 19,239 26,671 480,817 Consolidation and Other (2) (21,394) 111,140 (5,948) (126,586) Consolidated 579,131 184,938 13,291 26,671 354,231 52,138 494 34,375 71,673 25,005 (9,980) 28,960 151,566 (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 first 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 $111,140 reconcile Cost of sales in the segment measure to Cost of sales in our condensed consolidated statement of operations and comprehensive income. (2) Consolidation and Other adjusts for the inclusion of the effective share of revenues, expenses and operating margin attributable to 50% ownership of the common units of Hilli LLC in our segment measure and exclusion of the unrealized mark-to-market gain or loss on derivative instruments. 33

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