New Fortress Energy (NFE) Cost of Revenue (2018 - 2026)
New Fortress Energy's Cost of Revenue was $210.38 million in Q2 2026, up 1.1% from $208.16 million a year earlier and up 5.4% from the prior quarter.
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Analysis
New Fortress Energy (NFE) Cost of Revenue (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, New Fortress Energy's Cost of Revenue was $818.13 million through Jun 30, 2026, down 27.3% year-over-year; for FY2025, it was $918.6 million, down 13.8% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 26.9% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.07 billion in FY2024 (+21.2%), $879.22 million in FY2023 (-13.0%), $1.01 billion in FY2022 (+64.0%) and $616.01 million in FY2021 (+121.0%).
- Quarterly Cost of Revenue has moved between $135.43 million (Q3 2021) and $393.83 million (Q3 2022) over five years.
- Compared with a year earlier, Cost of Revenue was higher in four of the last eight quarters, with growth averaging 0.2%.
- The best year-over-year quarter for Cost of Revenue over five years was Q4 2021 (growth of 309.5%); the worst was Q4 2022 (a decline of 51.9%).
- Per Business Quant data, NFE's Cost of Revenue in the three quarters before Q2 2026 was $199.69 million (Q1 2026), $211.16 million (Q4 2025) and $196.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 515.00 Mn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | - |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 1.41 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 52.77 Mn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 2.30 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 405.00 Mn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 439.00 Mn |
| 10 | New Fortress Energy | 37.53 Mn | -466.53 Mn | 102.12 Mn | 210.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 210.38 Mn |
| Mar 31, 2026 | 199.69 Mn |
| Dec 31, 2025 | 211.16 Mn |
| Sep 30, 2025 | 196.91 Mn |
| Jun 30, 2025 | 208.16 Mn |
| Mar 31, 2025 | 302.38 Mn |
| Dec 31, 2024 | 290.16 Mn |
| Sep 30, 2024 | 325.29 Mn |
| Jun 30, 2024 | 221.81 Mn |
| Mar 31, 2024 | 227.91 Mn |
| Dec 31, 2023 | 276.60 Mn |
| Sep 30, 2023 | 191.92 Mn |
| Jun 30, 2023 | 225.77 Mn |
| Mar 31, 2023 | 184.94 Mn |
| Dec 31, 2022 | 135.90 Mn |
| Sep 30, 2022 | 393.83 Mn |
| Jun 30, 2022 | 272.40 Mn |
| Mar 31, 2022 | 208.30 Mn |
| Dec 31, 2021 | 282.48 Mn |
| Sep 30, 2021 | 135.43 Mn |
API Access
New Fortress Energy Cost of Revenue 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=cost-of-revenue&ticker=NFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();