Construction in progress

3 Months Ended

Mar. 31, 2026

12. Construction in progress

The Company’s construction in progress activity during the three months ended March 31, 2026 is detailed below:


	March 31, 2026
Construction in progress as of December 31, 2025	$	3,593,971
Additions	143,012
Asset impairment expense	(674)
Impact of currency translation adjustment	96,293
Assets placed in service	(8,750)
Construction in progress as of March 31, 2026	$	3,823,852

Interest expense of $90,039 and $98,586, inclusive of amortized debt issuance costs, was capitalized for the three months ended March 31, 2026 and 2025, respectively.

The Company has significant development activities in Latin America, including significant projects in Brazil. Construction in progress relating to BrazilCo was $1,955,219 and $1,770,782 as of March 31, 2026 and December 31, 2025, respectively. The successful completion of these development projects is subject to various risks, such as obtaining government approvals, identifying suitable sites, securing financing and permitting, and ensuring contract compliance.

New Fortress Energy Inc. 10-Q