New Fortress Energy (NFE) Cost of Revenue (2018 - 2026)

New Fortress Energy's (NFE) quarterly Cost of Revenue came in at $199.7 million in Q1 2026, down 33.96% year-on-year from $302.4 million in Q1 2025, and down 5.43% on a QoQ basis from $211.2 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 $199.7 million in Q1 2026.

  • On a quarterly basis, Cost of Revenue fell 33.96% year-over-year to $199.7 million in Q1 2026; TTM through Mar 2026 was $815.9 million, a 28.41% decrease from a year earlier, with the FY2025 full-year figure at $918.6 million, down 13.76% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $199.7 million, down from $211.2 million in the prior quarter.
  • Over the last five years, Cost of Revenue for NFE reached as high as $393.8 million in Q3 2022 and fell as low as $135.9 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $239.6 million across 5 years, with a median of $221.8 million in 2024.
  • On a YoY basis, Cost of Revenue climbed as much as 190.8% in 2022 and fell as far as 51.89% in 2022.
  • Year by year, Cost of Revenue stood at $135.9 million in 2022, then jumped by 103.53% to $276.6 million in 2023, then gained by 4.91% to $290.2 million in 2024, then slipped by 27.23% to $211.2 million in 2025, then decreased by 5.43% to $199.7 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $199.7 million in Q1 2026, $211.2 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 DHT Holdings 2,943.60 Bn 2,943.47 Bn 167.16 Mn 19.13 Mn
2 Flex LNG 1,649.28 Bn 1,648.89 Bn 61.79 Mn 18.67 Mn
3 Enbridge 120.97 Bn 119.64 Bn 6.70 Bn 9.60 Bn
4 Kinder Morgan 112.45 Bn 112.33 Bn 3.07 Bn 1.41 Bn
5 Enterprise Products Partners 82.58 Bn 81.38 Bn - -
6 Tc Energy 71.17 Bn 65.47 Bn 1.36 Bn 39.44 Mn
7 Energy Transfer 68.75 Bn 67.78 Bn 6.62 Bn 21.15 Bn
8 Mplx 59.29 Bn 57.78 Bn 1.95 Bn 402.00 Mn
9 Targa Resources 57.65 Bn 57.55 Bn 1.70 Bn 2.39 Bn
10 New Fortress Energy 96.71 Mn -93.17 Mn -14.47 Mn 199.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 199.69 Mn
Mar 31, 2026 199.69 Mn
Dec 31, 2025 211.16 Mn
Dec 31, 2025 211.16 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 302.38 Mn
Mar 31, 2025 302.38 Mn
Dec 31, 2024 290.16 Mn
Dec 31, 2024 290.16 Mn
Sep 30, 2024 325.29 Mn
Sep 30, 2024 325.29 Mn
Jun 30, 2024 221.81 Mn
Jun 30, 2024 221.81 Mn
Mar 31, 2024 227.91 Mn
Mar 31, 2024 227.91 Mn
Dec 31, 2023 276.60 Mn
Dec 31, 2023 276.60 Mn