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| 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 |