Cmb.Tech (CMBT) Operating Expenses (2013 - 2026)
Cmb.Tech (CMBT) reported Operating Expenses of -$367.7 million for Q1 2026, down 97.82% on a YoY basis from -$16.9 billion in Q1 2025, and up 72.38% quarter-over-quarter from -$1.3 billion in Q4 2025.
Cmb.Tech (CMBT) Operating Expenses (2013 - 2026) Analysis & Trends
Cmb.Tech has reported Operating Expenses for 14 years, with the latest figure at -$367.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 97.82% year-over-year to -$367.7 million; the trailing twelve-month figure through Mar 2026 stood at -$3.1 billion (down 99.35% YoY), and the FY2025 full-year result was $1.3 billion, up 113.52% from the prior year.
- Operating Expenses for Q1 2026 stood at -$367.7 million, up from -$1.3 billion in the prior quarter.
- The five-year high for Operating Expenses was -$145.6 million in Q1 2024, with the low at -$1.3 billion in Q4 2025.
- Historically, Operating Expenses has averaged -$477.8 million across 5 years, with a median of -$456.0 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses gained 13.94% — and 2025, when it plunged 113.52%.
- Cmb.Tech's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Cmb.Tech | 18,669.00 | -202.85 Mn | 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 |