Nordic American Tankers (NAT) Operating Expenses (2009 - 2026)

Nordic American Tankers' (NAT) quarterly Operating Expenses came in at -$15.9 million in Q1 2026, up 3.8% year-on-year from -$15.3 million in Q1 2025, and down 2.32% quarter-over-quarter from -$15.5 million in Q4 2025.

Nordic American Tankers (NAT) Operating Expenses (2009 - 2026) Analysis & Trends

Nordic American Tankers' Operating Expenses history runs 18 years deep, the most recent figure standing at -$15.9 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 3.8% year-over-year to -$15.9 million in Q1 2026; TTM through Mar 2026 was -$66.3 million, a 3.95% decrease from a year earlier, with the FY2025 full-year figure at -$66.9 million, down 206.57% from the prior year.
  • Operating Expenses retreated to -$15.9 million in Q1 2026 per NAT's latest filing, from -$15.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$14607.0 in Q3 2023 and bottomed at -$18.4 million in Q2 2025.
  • The 5-year median for Operating Expenses is -$15.8 million (2024), against an average of -$14.1 million.
  • Across the five-year window, Operating Expenses soared 99.91% in 2022 and slumped 107875.63% in 2024, its largest moves.
  • Year by year, 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 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Nordic American Tankers 1.36 Bn 1.28 Bn 48.56 Mn -15.88 Mn

Historic Data

Download Data
DateValue
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 -15.77 Mn
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 -34.05 Mn