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, up 6203.34% year-on-year from $7.2 million in Q1 2025, and down 55.89% on a QoQ basis from $1.0 billion in Q4 2025.

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

New Fortress Energy (NFE) has 9 years of Operating Expenses data on file, last reported at $452.3 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 6203.34% year-over-year to $452.3 million in Q1 2026; TTM through Mar 2026 was $2.6 billion, a 17.17% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 43.38% from the prior year.
  • Operating Expenses for Q1 2026 stood at $452.3 million, down from $1.0 billion in the prior quarter.
  • Over the last five years, Operating Expenses for NFE reached as high as $1.8 billion in Q4 2024 and fell as low as $7.2 million in Q1 2025.
  • Historically, Operating Expenses has averaged $405.4 million across 5 years, with a median of $391.4 million in 2024.
  • Across the five-year window, Operating Expenses slumped 98.57% in 2025 and surged 6203.34% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $295.9 million in 2022, then surged by 37.83% to $407.8 million in 2023, then soared by 342.7% to $1.8 billion in 2024, then slumped by 43.2% to $1.0 billion in 2025, then slumped by 55.89% to $452.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $452.3 million in Q1 2026, $1.0 billion in Q4 2025, and $421.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 New Fortress Energy 97.14 Mn 32.46 Mn -14.47 Mn 452.33 Mn

Historic Data

Download Data
DateValue
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 7.18 Mn
Dec 31, 2024 1.81 Bn
Sep 30, 2024 8.25 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 11.44 Mn
Mar 31, 2023 13.29 Mn
Dec 31, 2022 295.88 Mn
Sep 30, 2022 20.32 Mn
Jun 30, 2022 451.16 Mn
Mar 31, 2022 22.96 Mn
Dec 31, 2021 1.05 Bn
Sep 30, 2021 15.30 Mn
Jun 30, 2021 236.08 Mn