New Fortress Energy (NFE) Operating Expenses (2018 - 2026)
New Fortress Energy's (NFE) quarterly Operating Expenses came in at $461.2 million in Q2 2026, down 33.4% year-over-year from $692.5 million in Q2 2025, and up 1.97% quarter-over-quarter from $452.3 million in Q1 2026.
Analysis
New Fortress Energy (NFE) Operating Expenses (2018 - 2026) Analysis & Trends
New Fortress Energy (NFE) has reported Operating Expenses for 9 consecutive years, with $461.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 33.4% year-over-year to $461.2 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 11.59% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 43.38% from the prior year.
- Operating Expenses was $461.2 million for Q2 2026 at New Fortress Energy, up from $452.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.0 billion in Q4 2025 and troughed at $295.9 million in Q4 2022.
- A 5-year average of $469.7 million and a median of $450.2 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 128.23% in 2025 and tumbled 33.4% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $295.9 million in 2022, then jumped by 37.83% to $407.8 million in 2023, then gained by 10.17% to $449.3 million in 2024, then soared by 128.23% to $1.0 billion in 2025, then plunged by 55.02% to $461.2 million in 2026.
- The last three Operating Expenses figures came in at $461.2 million (Q2 2026), $452.3 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cheniere Energy | 60.31 Bn | 64.35 Bn | 5.29 Bn | 1.44 Bn |
| 2 | Venture Global | 35.87 Bn | 36.16 Bn | 2.92 Bn | 2.39 Bn |
| 3 | Cheniere Energy Partners | 33.13 Bn | 32.69 Bn | 1.82 Bn | 1.24 Bn |
| 4 | Golar Lng | 5.28 Bn | 2.58 Bn | 88.31 Mn | -67.54 Mn |
| 5 | Excelerate Energy | 4.69 Bn | 5.90 Bn | 273.19 Mn | 248.37 Mn |
| 6 | NextDecade | 1.95 Bn | 4.32 Bn | - | 54.57 Mn |
| 7 | Stabilis Solutions | 111.39 Mn | 97.07 Mn | 2.35 Mn | 16.70 Mn |
| 8 | New Fortress Energy | 77.11 Mn | -301.82 Mn | 102.12 Mn | 461.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 461.22 Mn |
| Mar 31, 2026 | 452.33 Mn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 421.76 Mn |
| Jun 30, 2025 | 692.48 Mn |
| Mar 31, 2025 | 484.80 Mn |
| Dec 31, 2024 | 449.29 Mn |
| Sep 30, 2024 | 489.01 Mn |
| Jun 30, 2024 | 391.35 Mn |
| Mar 31, 2024 | 500.82 Mn |
| Dec 31, 2023 | 407.80 Mn |
| Sep 30, 2023 | 364.87 Mn |
| Jun 30, 2023 | 370.38 Mn |
| Mar 31, 2023 | 311.91 Mn |
| Dec 31, 2022 | 295.88 Mn |
| 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 |