New Fortress Energy (NFE) Cost of Revenue (2018 - 2026)
New Fortress Energy's (NFE) quarterly Cost of Revenue came in at $48.3 million in Q1 2026, down 12.15% year-on-year from $54.9 million in Q1 2025, and up 109.87% sequentially from -$488.9 million in Q4 2025.
New Fortress Energy (NFE) Cost of Revenue (2018 - 2026) Analysis & Trends
New Fortress Energy's Cost of Revenue history runs 9 years deep, the most recent figure standing at $48.3 million for Q1 2026.
- In Q1 2026, Cost of Revenue fell 12.15% year-over-year to $48.3 million; the TTM figure through Mar 2026 stood at -$35.6 million (down 107.9% YoY), while the FY2025 annual figure was $218.5 million, up 27.96% from the prior year.
- Cost of Revenue came in at $48.3 million for Q1 2026 at New Fortress Energy, up from -$488.9 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $758.0 million in Q4 2023 and troughed at -$768.7 million in Q4 2022.
- The 5-year median for Cost of Revenue is $54.9 million (2025), against an average of $87.1 million.
- The widest annual swing landed in 2022, when Cost of Revenue slumped 4287.89%; it then jumped 698.25% in 2023.
- A 5-year view of Cost of Revenue shows it stood at -$768.7 million in 2022, then surged by 198.61% to $758.0 million in 2023, then sank by 95.09% to $37.2 million in 2024, then plunged by 1414.91% to -$488.9 million in 2025, then soared by 109.87% to $48.3 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $48.3 million in Q1 2026, -$488.9 million in Q4 2025, and $196.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | New Fortress Energy | 102.85 Mn | 38.18 Mn | 136.95 Mn | 48.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.27 Mn |
| Mar 31, 2026 | 48.27 Mn |
| Dec 31, 2025 | -488.94 Mn |
| Dec 31, 2025 | -488.94 Mn |
| Sep 30, 2025 | 196.91 Mn |
| Sep 30, 2025 | 196.91 Mn |
| Jun 30, 2025 | 208.16 Mn |
| Jun 30, 2025 | 208.16 Mn |
| Mar 31, 2025 | 54.94 Mn |
| Mar 31, 2025 | 54.94 Mn |
| Dec 31, 2024 | 37.18 Mn |
| Dec 31, 2024 | 37.18 Mn |
| Sep 30, 2024 | 325.29 Mn |
| Sep 30, 2024 | 325.29 Mn |
| Jun 30, 2024 | 33.08 Mn |
| Jun 30, 2024 | 33.08 Mn |
| Mar 31, 2024 | 227.91 Mn |
| Mar 31, 2024 | 227.91 Mn |
| Dec 31, 2023 | 758.03 Mn |
| Dec 31, 2023 | 758.03 Mn |