Nordic American Tankers (NAT) Cost of Revenue (2009 - 2026)
Nordic American Tankers (NAT) posted quarterly Cost of Revenue of $28.9 million for Q1 2026, up 7.83% year-over-year from $26.8 million in Q1 2025, and down 73.65% quarter-over-quarter from $109.9 million in Q4 2025.
Nordic American Tankers (NAT) Cost of Revenue (2009 - 2026) Analysis & Trends
Nordic American Tankers' Cost of Revenue history runs 17 years deep, the most recent figure standing at $28.9 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 7.83% year-over-year to $28.9 million; the TTM figure through Mar 2026 stood at $194.7 million (down 8.75% YoY), while the FY2025 annual figure was $109.9 million, down 11.85% from the prior year.
- Cost of Revenue for Q1 2026 stood at $28.9 million, down from $109.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $124.6 million in Q4 2024, with the low at $26.6 million in Q2 2025.
- The 5-year median for Cost of Revenue is $33.4 million (2023), against an average of $43.7 million.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue plunged 47.1% in 2023, then surged 272.63% in 2024.
- Nordic American Tankers' Cost of Revenue stood at $39.1 million in 2022, then slipped by 14.47% to $33.4 million in 2023, then soared by 272.63% to $124.6 million in 2024, then declined by 11.85% to $109.9 million in 2025, then tumbled by 73.65% to $28.9 million in 2026.
- Business Quant data shows NAT's Cost of Revenue at $28.9 million in Q1 2026, $109.9 million in Q4 2025, and $29.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 9.24 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 587.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Nordic American Tankers | 1.44 Bn | 1.36 Bn | 48.56 Mn | 28.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.95 Mn |
| Mar 31, 2026 | 28.95 Mn |
| Dec 31, 2025 | 109.88 Mn |
| Dec 31, 2025 | 109.88 Mn |
| Sep 30, 2025 | 29.31 Mn |
| Sep 30, 2025 | 29.31 Mn |
| Jun 30, 2025 | 26.58 Mn |
| Jun 30, 2025 | 26.58 Mn |
| Mar 31, 2025 | 26.85 Mn |
| Mar 31, 2025 | 26.85 Mn |
| Dec 31, 2024 | 124.65 Mn |
| Dec 31, 2024 | 124.65 Mn |
| Sep 30, 2024 | 30.18 Mn |
| Sep 30, 2024 | 30.18 Mn |
| Jun 30, 2024 | 31.71 Mn |
| Jun 30, 2024 | 31.71 Mn |
| Mar 31, 2024 | 34.72 Mn |
| Mar 31, 2024 | 34.72 Mn |
| Dec 31, 2023 | 33.45 Mn |
| Dec 31, 2023 | 33.45 Mn |