New Fortress Energy (NFE) Non Operating Interest Expenses (2018 - 2021)
New Fortress Energy (NFE) posted quarterly Non Operating Interest Expenses of $57.7 million for Q4 2021, up 215.41% year-over-year from $18.3 million in Q4 2020, and down 14.09% quarter-over-quarter from $67.2 million in Q3 2021.
New Fortress Energy (NFE) Non Operating Interest Expenses (2018 - 2021) Analysis & Trends
New Fortress Energy (NFE) has reported Non Operating Interest Expenses for 4 consecutive years, with $57.7 million the latest figure, recorded in Q4 2021.
- In Q4 2021, Non Operating Interest Expenses rose 215.41% year-over-year to $57.7 million; the TTM figure through Dec 2021 stood at $184.4 million (up 101.23% YoY), while the FY2021 annual figure was $184.4 million, up 101.23% from the prior year.
- Non Operating Interest Expenses declined to $57.7 million in Q4 2021 per NFE's latest filing, from $67.2 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $67.2 million in Q3 2021 and bottomed at $3.4 million in Q3 2018.
- Historically, Non Operating Interest Expenses has averaged $23.6 million across 4 years, with a median of $19.8 million in 2020.
- Annual changes were most pronounced in 2019 — Non Operating Interest Expenses jumped 258.09% — and 2021, when it declined 9.26%.
- New Fortress Energy's Non Operating Interest Expenses stood at $6.4 million in 2018, then jumped by 116.32% to $13.7 million in 2019, then jumped by 33.16% to $18.3 million in 2020, then surged by 215.41% to $57.7 million in 2021.
- Business Quant data shows NFE's Non Operating Interest Expenses at $57.7 million in Q4 2021, $67.2 million in Q3 2021, and $38.2 million in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | - |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | - |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | - |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | - |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | - |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | - |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | - |
| 10 | New Fortress Energy | 87.22 Mn | -412.92 Mn | 102.12 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2021 | 57.74 Mn |
| Sep 30, 2021 | 67.21 Mn |
| Jun 30, 2021 | 38.15 Mn |
| Mar 31, 2021 | 21.32 Mn |
| Dec 31, 2020 | 18.31 Mn |
| Sep 30, 2020 | 24.35 Mn |
| Jun 30, 2020 | 25.49 Mn |
| Mar 31, 2020 | 23.50 Mn |
| Dec 31, 2019 | 13.75 Mn |
| Sep 30, 2019 | 12.24 Mn |
| Jun 30, 2019 | 11.64 Mn |
| Mar 31, 2019 | 6.95 Mn |
| Dec 31, 2018 | 6.36 Mn |
| Sep 30, 2018 | 3.42 Mn |