New Fortress Energy (NFE) Operating Expenses (2018 - 2026)

New Fortress Energy's (NFE) quarterly Operating Expenses came in at $452.3 million in Q1 2026, down 6.7% year-on-year from $484.8 million in Q1 2025, and up 128.77% sequentially from -$1.6 billion in Q4 2025.

New Fortress Energy (NFE) Operating Expenses (2018 - 2026) Analysis & Trends

New Fortress Energy's Operating Expenses history runs 9 years deep, the most recent figure standing at $452.3 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 6.7% year-over-year to $452.3 million; the TTM figure through Mar 2026 stood at -$420.3 million (down 115.63% YoY), while the FY2025 annual figure was $26.6 million, down 98.55% from the prior year.
  • Operating Expenses came in at $452.3 million for Q1 2026 at New Fortress Energy, up from -$1.6 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.8 billion in Q4 2024 and troughed at -$1.6 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $364.9 million (2023), against an average of $184.6 million.
  • The widest annual swing landed in 2022, when Operating Expenses plunged 396.29%; it then surged 5674.19% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$1.3 billion in 2022, then soared by 132.07% to $407.8 million in 2023, then jumped by 342.7% to $1.8 billion in 2024, then tumbled by 187.1% to -$1.6 billion in 2025, then surged by 128.77% to $452.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $452.3 million in Q1 2026, -$1.6 billion in Q4 2025, and $7.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 New Fortress Energy 102.85 Mn 38.18 Mn 136.95 Mn 452.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 452.33 Mn
Dec 31, 2025 -1.57 Bn
Sep 30, 2025 7.30 Mn
Jun 30, 2025 692.48 Mn
Mar 31, 2025 484.80 Mn
Dec 31, 2024 1.81 Bn
Sep 30, 2024 8.25 Mn
Jun 30, 2024 391.35 Mn
Mar 31, 2024 8.40 Mn
Dec 31, 2023 407.80 Mn
Sep 30, 2023 364.87 Mn
Jun 30, 2023 11.44 Mn
Mar 31, 2023 13.29 Mn
Dec 31, 2022 -1.27 Bn
Sep 30, 2022 545.20 Mn
Jun 30, 2022 451.16 Mn
Mar 31, 2022 338.66 Mn
Dec 31, 2021 429.14 Mn
Sep 30, 2021 250.72 Mn
Jun 30, 2021 15.40 Mn