Cmb.Tech (CMBT) Operating Expenses (2013 - 2026)
Cmb.Tech (CMBT) posted Operating Expenses of -$367.7 million for Q1 2026, up 72.38% on a QoQ basis from -$1.3 billion in Q4 2025, and down 97.82% year-over-year from -$16.9 billion in Q1 2025.
Cmb.Tech (CMBT) Operating Expenses (2013 - 2026) Analysis & Trends
Cmb.Tech (CMBT) has reported Operating Expenses for 14 consecutive years, with -$367.7 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$367.7 million, down 97.82% year-over-year; the trailing twelve-month figure through Mar 2026 was -$3.1 billion (down 99.35% YoY), and the FY2025 annual result was $1.3 billion, up 113.52% from the prior year.
- Operating Expenses was -$367.7 million for Q1 2026 at Cmb.Tech, up from -$1.3 billion in the prior quarter.
- Over five years, Operating Expenses peaked at -$145.6 million in Q1 2024 and troughed at -$1.3 billion in Q4 2025.
- A 5-year average of -$477.8 million and a median of -$456.0 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 13.94% — and 2025, when it tumbled 113.52%.
- Year by year, Operating Expenses stood at -$671.7 million in 2022, then grew by 1.56% to -$661.2 million in 2023, then rose by 5.71% to -$623.5 million in 2024, then sank by 113.52% to -$1.3 billion in 2025, then jumped by 72.38% to -$367.7 million in 2026.
- Per Business Quant, the three latest CMBT Operating Expenses figures stand at -$367.7 million (Q1 2026), -$1.3 billion (Q4 2025), and -$902.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Cmb.Tech | - | - | 392.14 Mn | -367.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -367.70 Mn |
| Dec 31, 2025 | -1.33 Bn |
| Sep 30, 2025 | -902.72 Mn |
| Jun 30, 2025 | -530.30 Mn |
| Mar 31, 2025 | -185.87 Mn |
| Dec 31, 2024 | -623.47 Mn |
| Sep 30, 2024 | -456.01 Mn |
| Jun 30, 2024 | -305.78 Mn |
| Mar 31, 2024 | -145.59 Mn |
| Dec 31, 2023 | -661.20 Mn |
| Sep 30, 2023 | -491.76 Mn |
| Jun 30, 2023 | -329.75 Mn |
| Mar 31, 2023 | -164.48 Mn |
| Dec 31, 2022 | -671.70 Mn |
| Sep 30, 2022 | -495.93 Mn |
| Jun 30, 2022 | -310.20 Mn |
| Mar 31, 2022 | -149.44 Mn |
| Dec 31, 2021 | -726.67 Mn |
| Sep 30, 2021 | -544.41 Mn |
| Jun 30, 2021 | -358.95 Mn |