SCHEDULE 13G/A: Encompass Capital Advisors Reports 2.3% Passive Stake in New Fortress Energy

Encompass Capital Advisors LLC and Todd J. Kantor have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 2.3% in New Fortress Energy Inc.'s Class A common stock as of December 31, 2024.

Summary

• Encompass Capital Advisors LLC and Todd J. Kantor, as reporting persons, jointly hold beneficial ownership of 5,791,122 shares of New Fortress Energy Inc. Class A common stock.
• This represents 2.3% of the Class A common stock outstanding.
• Both reporting persons share voting and dispositive power over all 5,791,122 shares.
• The filing is an Amendment No. 1 to a previous Schedule 13G statement.
• The securities are held for investment purposes and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

N/A

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment adviser and its managing member, indicating a passive investment stake in New Fortress Energy Inc. It does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant, albeit passive, ownership stake by an institutional investor.

Key Dates

Keywords

New Fortress Energy Inc., Encompass Capital Advisors LLC, Todd J. Kantor, Schedule 13G, Beneficial Ownership, SEC Filing, Class A Common Stock, Passive Investment