Nordic American Tankers (NAT) Operating Expenses (2009 - 2026)
Nordic American Tankers' Operating Expenses came in at -$16.85 million for Q2 2026, compared with -$32.6 million a year earlier.
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Analysis
Nordic American Tankers (NAT) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nordic American Tankers reported Operating Expenses of -$118.78 million; for FY2025, it came in at -$136.93 million.
- Going back by year, Operating Expenses was -$62.81 million in FY2024, -$60 million in FY2023, -$63.43 million in FY2022 and -$67.68 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q4 2013.
- Business Quant data shows NAT's Operating Expenses at -$24.71 million (Q1 2026), -$38.32 million (Q4 2025) and -$38.9 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.59 Bn | 165.11 Bn | - | 4.10 Bn |
| 2 | Csx | 89.32 Bn | 85.53 Bn | - | 2.43 Bn |
| 3 | United Parcel Service | 84.32 Bn | 61.21 Bn | - | 21.90 Bn |
| 4 | Canadian Pacific Kansas City | 77.58 Bn | 76.60 Bn | - | 1.95 Bn |
| 5 | Norfolk Southern | 73.09 Bn | 67.74 Bn | - | 2.34 Bn |
| 6 | Fedex | 71.25 Bn | 37.20 Bn | - | 23.46 Bn |
| 7 | Delta Air Lines | 50.22 Bn | 32.40 Bn | - | 18.73 Bn |
| 8 | Old Dominion Freight Line | 39.32 Bn | 38.58 Bn | - | 1.09 Bn |
| 9 | United Airlines Holdings | 31.95 Bn | -24.42 Bn | - | 16.58 Bn |
| 10 | Nordic American Tankers | 1.57 Bn | 1.24 Bn | 53.91 Mn | -15.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -15.73 Mn |
| 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 | -14.61 Mn |
| Jun 30, 2023 | -15.92 Mn |
| Mar 31, 2023 | -13.96 Mn |
| Dec 31, 2022 | -15.22 Mn |
| 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 |
API Access
Nordic American Tankers Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();