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