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
DateValue
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