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
DateValue
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