US LNG firm New Fortress Energy posted a loss in the first quarter on Wednesday, hurt by weak performance across both its segments of ships, and terminals and infrastructure, sending the shares down nearly 19 per cent in extended trading.
At NFE's terminals and infrastructure unit, operating margin declined 78.7 per cent to $74.6 million during the quarter.
Operating margin at the ships segment fell to $31.4 million during the January-March period, from $34.2 million a year earlier.
The New York-based company reported a net loss of $197.4 million, or 73 cents per share in the quarter ended March 31, compared with a net income of $56.7 million, or 26 cents per share, a year earlier.
(Reporting by Pooja Menon in Bengaluru; Editing by Leroy Leo)