Nordic American Tankers (NAT) Operating Expenses (2009 - 2026)
Nordic American Tankers (NAT) posted quarterly Operating Expenses of -$15.9 million for Q1 2026, up 3.8% year-over-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.
- In Q1 2026, Operating Expenses rose 3.8% year-over-year to -$15.9 million; the TTM figure through Mar 2026 stood at -$66.3 million (down 3.95% YoY), while the FY2025 annual figure was -$66.9 million, down 206.57% from the prior year.
- Operating Expenses for Q1 2026 stood at -$15.9 million, down from -$15.5 million in the prior quarter.
- The five-year high for Operating Expenses was -$14607.0 in Q3 2023, with the low 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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 99.91% in 2022, then sank 107875.63% in 2024.
- Nordic American Tankers' Operating Expenses stood at -$15219.0 in 2022, then slumped by 101877.79% to -$15.5 million in 2023, then rose by 5.23% to -$14.7 million in 2024, then dropped by 5.49% to -$15.5 million in 2025, then slipped by 2.32% to -$15.9 million in 2026.
- Business Quant data shows NAT's Operating Expenses at -$15.9 million in Q1 2026, -$15.5 million in Q4 2025, and -$16.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Nordic American Tankers | 1.44 Bn | 1.36 Bn | 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 | -15.77 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 |