New Fortress Energy (NFE) Debt Ratio (2018 - 2026)

New Fortress Energy's (NFE) quarterly Debt Ratio came in at 0.8 in Q1 2026, up 13.4% year-on-year from 0.7 in Q1 2025, and up 2.9% sequentially from 0.77 in Q4 2025.

New Fortress Energy (NFE) Debt Ratio (2018 - 2026) Analysis & Trends

New Fortress Energy's Debt Ratio history runs 9 years deep, the most recent figure standing at 0.8 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 13.4% year-over-year to 0.8; the TTM figure through Mar 2026 stood at 0.8 (up 13.4% YoY), while the FY2025 annual figure was 0.77, up 12.5% from the prior year.
  • Debt Ratio came in at 0.8 for Q1 2026 at New Fortress Energy, up from 0.77 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.8 in Q1 2026 and troughed at 0.53 in Q1 2022.
  • The 5-year median for Debt Ratio is 0.65 (2023), against an average of 0.66.
  • The widest annual swing landed in 2022, when Debt Ratio fell 21.01%; it then increased 18.94% in 2023.
  • A 5-year view of Debt Ratio shows it stood at 0.59 in 2022, then grew by 9.78% to 0.65 in 2023, then grew by 6.44% to 0.69 in 2024, then advanced by 12.5% to 0.77 in 2025, then advanced by 2.9% to 0.8 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.8 in Q1 2026, 0.77 in Q4 2025, and 0.74 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 0.47
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 0.44
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 0.42
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 0.47
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 0.71
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.60
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 0.47
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 0.83
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 0.65
10 New Fortress Energy 102.85 Mn 38.18 Mn 136.95 Mn 0.80

Historic Data

Download Data
DateValue
Mar 31, 2026 0.80
Dec 31, 2025 0.77
Sep 30, 2025 0.74
Jun 30, 2025 0.75
Mar 31, 2025 0.70
Dec 31, 2024 0.69
Sep 30, 2024 0.67
Jun 30, 2024 0.67
Mar 31, 2024 0.65
Dec 31, 2023 0.65
Sep 30, 2023 0.63
Jun 30, 2023 0.59
Mar 31, 2023 0.64
Dec 31, 2022 0.59
Sep 30, 2022 0.60
Jun 30, 2022 0.57
Mar 31, 2022 0.53
Dec 31, 2021 0.56
Sep 30, 2021 0.58
Jun 30, 2021 0.55