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
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