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
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