Nordic American Tankers (NAT) Operating Expenses (2009 - 2026)
Nordic American Tankers (NAT) posted Operating Expenses of -$15.9 million for Q1 2026, down 2.32% on a QoQ basis from -$15.5 million in Q4 2025, and up 3.8% year-on-year from -$15.3 million in Q1 2025.
Nordic American Tankers (NAT) Operating Expenses (2009 - 2026) Analysis & Trends
Nordic American Tankers has disclosed Operating Expenses across 18 years of filings, most recently posting -$15.9 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at -$15.9 million, up 3.8% year-over-year; the trailing twelve-month figure through Mar 2026 was -$66.3 million (down 3.95% YoY), and the FY2025 annual result was -$66.9 million, down 455012.86% from the prior year.
- Operating Expenses came in at -$15.9 million for Q1 2026 at Nordic American Tankers, down from -$15.5 million in the prior quarter.
- Over the last five years, Operating Expenses for NAT reached as high as -$14607.0 in Q3 2023 and fell as low as -$18.4 million in Q2 2025.
- Median Operating Expenses over the past 5 years was -$15.8 million (2024), compared with a mean of -$14.1 million.
- Year-over-year, Operating Expenses surged 99.91% in 2022 and sank 107875.63% in 2024.
- Over 5 years, Operating Expenses stood at -$15219.0 in 2022, then sank by 101877.79% to -$15.5 million in 2023, then gained by 5.23% to -$14.7 million in 2024, then declined by 5.49% to -$15.5 million in 2025, then dropped by 2.32% to -$15.9 million in 2026.
- Per Business Quant, the three latest NAT Operating Expenses figures stand at -$15.9 million (Q1 2026), -$15.5 million (Q4 2025), and -$16.5 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 | Nordic American Tankers | - | - | 48.56 Mn | -15.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -15.88 Mn |
| Dec 31, 2025 | -15.52 Mn |
| Sep 30, 2025 | -16.54 Mn |
| Jun 30, 2025 | -18.38 Mn |
| Mar 31, 2025 | -16.50 Mn |
| Dec 31, 2024 | -14.71 Mn |
| Sep 30, 2024 | -15,772.00 |
| Jun 30, 2024 | -16.81 Mn |
| Mar 31, 2024 | -15.52 Mn |
| Dec 31, 2023 | -15.52 Mn |
| Sep 30, 2023 | -14,607.00 |
| Jun 30, 2023 | -15.92 Mn |
| Mar 31, 2023 | -13.96 Mn |
| Dec 31, 2022 | -15,219.00 |
| Sep 30, 2022 | -14.83 Mn |
| Jun 30, 2022 | -16.71 Mn |
| Mar 31, 2022 | -16.67 Mn |
| Dec 31, 2021 | -16.24 Mn |
| Sep 30, 2021 | -17.39 Mn |
| Jun 30, 2021 | -17.60 Mn |