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| Date | Value |
|---|---|
| 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 |