New Fortress Energy (NFE) is trading at $0.35, up 5.7% in after-hours trading, as the company undergoes a significant US Bankruptcy Court recognition hearing today, June 26, 2026, for its UK Restructuring Plan. The restructuring aims to reduce corporate debt from approximately $5.7 billion to $527.5 million, with creditors set to receive 65% of new common equity. This follows recent heavy selling and earlier earnings misses, including a Q1 2026 EPS of -$1.40 which significantly missed analyst expectations.