New Fortress Energy (NFE) Cost of Revenue (2018 - 2026)
New Fortress Energy (NFE) reported Cost of Revenue of $48.3 million for Q1 2026, down 12.15% year-over-year from $54.9 million in Q1 2025, and up 109.87% quarter-over-quarter from -$488.9 million in Q4 2025.
New Fortress Energy (NFE) Cost of Revenue (2018 - 2026) Analysis & Trends
New Fortress Energy (NFE) has 9 years of Cost of Revenue data on file, last reported at $48.3 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $48.3 million, down 12.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$35.6 million (down 107.9% YoY), and the FY2025 annual result was $218.5 million, up 27.96% from the prior year.
- Cost of Revenue grew to $48.3 million in Q1 2026 per NFE's latest filing, 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.
- A 5-year average of $87.1 million and a median of $54.9 million in 2025 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue sank 4287.89% in 2022, then soared 698.25% in 2023.
- A 5-year view of Cost of Revenue shows it stood at -$768.7 million in 2022, then jumped by 198.61% to $758.0 million in 2023, then plunged by 95.09% to $37.2 million in 2024, then tumbled by 1414.91% to -$488.9 million in 2025, then surged by 109.87% to $48.3 million in 2026.
- Business Quant data shows NFE's Cost of Revenue at $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 | 89.89 Bn | 90.59 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Enterprise Products Partners | 82.10 Bn | 80.95 Bn | - | - |
| 3 | Kinder Morgan | 70.96 Bn | 72.04 Bn | 3.08 Bn | 1.75 Bn |
| 4 | Energy Transfer | 65.68 Bn | 64.96 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Scorpio Tankers | 59.56 Bn | 58.58 Bn | - | 68.80 Mn |
| 6 | Targa Resources | 58.53 Bn | 58.56 Bn | 1.70 Bn | 2.39 Bn |
| 7 | Oneok | 57.23 Bn | 57.10 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Mplx | 57.20 Bn | 55.69 Bn | 2.54 Bn | 498.00 Mn |
| 9 | Tc Energy | 51.34 Bn | 52.53 Bn | 2.95 Bn | 39.44 Mn |
| 10 | New Fortress Energy | 147.74 Mn | 83.06 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 |