Cmb.Tech (CMBT) Operating Expenses (2013 - 2026)

Cmb.Tech's (CMBT) quarterly Operating Expenses came in at -$367.7 million in 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 (CMBT) has 14 years of Operating Expenses data on file, last reported at -$367.7 million in 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 advanced to -$367.7 million in Q1 2026, from -$1.3 billion in the prior quarter.
In the past five years, Operating Expenses ranged from a high of -$145.6 million in Q1 2024 to a low of -$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 gained 13.94% — and 2025, when it plunged 113.52%.
Tracing CMBT's Operating Expenses over 5 years: stood at -$671.7 million in 2022, then advanced by 1.56% to -$661.2 million in 2023, then grew by 5.71% to -$623.5 million in 2024, then sank by 113.52% to -$1.3 billion in 2025, then surged by 72.38% to -$367.7 million in 2026.
The last three Operating Expenses figures came in at -$367.7 million (Q1 2026), -$1.3 billion (Q4 2025), and -$902.7 million (Q3 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Qtr)
1	Kinder Morgan	112.69 Bn	112.57 Bn	3.07 Bn	3.13 Bn
2	Enbridge	111.13 Bn	109.64 Bn	5.23 Bn	19.09 Bn
3	Enterprise Products Partners	83.45 Bn	82.54 Bn	-	16.13 Bn
4	Energy Transfer	72.53 Bn	71.50 Bn	7.40 Bn	30.76 Bn
5	Tc Energy	66.12 Bn	58.56 Bn	1.24 Bn	851.61 Mn
6	Mplx	60.19 Bn	59.16 Bn	2.73 Bn	1.93 Bn
7	Oneok	60.00 Bn	59.84 Bn	2.81 Bn	4.00 Mn
8	Targa Resources	59.13 Bn	59.00 Bn	2.14 Bn	354.10 Mn
9	Cheniere Energy	56.04 Bn	54.79 Bn	5.29 Bn	1.44 Bn
10	Cmb.Tech	4.00 Bn	3.80 Bn	518.22 Mn	-367.70 Mn

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