New Fortress Energy (NFE) Cost of Revenue (2018 - 2026)
New Fortress Energy (NFE) posted quarterly Cost of Revenue of $199.7 million for Q1 2026, down 33.96% year-over-year from $302.4 million in Q1 2025, and down 5.43% quarter-over-quarter from $211.2 million in Q4 2025.
New Fortress Energy (NFE) Cost of Revenue (2018 - 2026) Analysis & Trends
New Fortress Energy (NFE) has reported Cost of Revenue for 9 consecutive years, with $199.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 33.96% year-over-year to $199.7 million; the TTM figure through Mar 2026 stood at $815.9 million (down 28.41% YoY), while the FY2025 annual figure was $918.6 million, down 13.76% from the prior year.
- Cost of Revenue declined to $199.7 million in Q1 2026 per NFE's latest filing, from $211.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $393.8 million in Q3 2022 and bottomed at $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.
- New Fortress Energy's Cost of Revenue stood at $135.9 million in 2022, then surged by 103.53% to $276.6 million in 2023, then increased by 4.91% to $290.2 million in 2024, then retreated by 27.23% to $211.2 million in 2025, then fell by 5.43% to $199.7 million in 2026.
- Business Quant data shows NFE's Cost of Revenue at $199.7 million in Q1 2026, $211.2 million in Q4 2025, and $196.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 9.24 Bn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 587.00 Mn |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 439.00 Mn |
| 10 | New Fortress Energy | 87.22 Mn | -412.92 Mn | 102.12 Mn | 210.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 210.38 Mn |
| Jun 30, 2026 | 210.38 Mn |
| 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 |