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
DateValue
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