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.
Cmb.Tech (CMBT) Operating Expenses (2013 - 2026) Analysis & Trends
Cmb.Tech's Operating Expenses history runs 14 years deep, the most recent figure standing at -$367.7 million for Q1 2026.
- Quarterly Operating Expenses changed N/A year-over-year to -$367.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$3.1 billion (changed N/A YoY) and the FY2025 annual result came in at $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.
- Across five years, Operating Expenses topped out at -$145.6 million in Q1 2024 and bottomed at -$1.3 billion in Q4 2025.
- A 5-year average of -$496.1 million and a median of -$473.9 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses grew 13.94% — and 2025, when it tumbled 113.52%.
- Cmb.Tech's 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 tumbled by 113.52% to -$1.3 billion in 2025, then jumped by 72.38% to -$367.7 million in 2026.
- Business Quant data shows CMBT's Operating Expenses at -$367.7 million in Q1 2026, -$1.3 billion in Q4 2025, and -$902.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Cmb.Tech | 3.58 Bn | 3.38 Bn | 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 |
| 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 |
| Mar 31, 2021 | -173.64 Mn |