New Fortress Energy (NFE) Operating Expenses (2018 - 2026)
New Fortress Energy (NFE) reported Operating Expenses of $452.3 million for Q1 2026, down 6.7% year-over-year from $484.8 million in Q1 2025, and up 128.77% quarter-over-quarter from -$1.6 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.
- Operating Expenses for Q1 2026 came in at $452.3 million, down 6.7% year-over-year; the trailing twelve-month figure through Mar 2026 was -$420.3 million (down 115.63% YoY), and the FY2025 annual result was $26.6 million, down 98.55% from the prior year.
- Operating Expenses rose to $452.3 million in Q1 2026 per NFE's latest filing, 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.
- A 5-year average of $184.6 million and a median of $364.9 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 396.29% in 2022, then jumped 5674.19% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$1.3 billion in 2022, then surged by 132.07% to $407.8 million in 2023, then soared by 342.7% to $1.8 billion in 2024, then slumped by 187.1% to -$1.6 billion in 2025, then jumped by 128.77% to $452.3 million in 2026.
- Business Quant data shows NFE's Operating Expenses at $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 | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | New Fortress Energy | 144.99 Mn | 80.32 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 |