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