New Fortress Energy (NFE) Operating Expenses (2018 - 2026)
New Fortress Energy (NFE) posted quarterly Operating Expenses of $452.3 million for Q1 2026, up 6203.34% year-over-year from $7.2 million in Q1 2025, and down 55.89% quarter-over-quarter from $1.0 billion in Q4 2025.
New Fortress Energy (NFE) Operating Expenses (2018 - 2026) Analysis & Trends
New Fortress Energy (NFE) has reported Operating Expenses for 9 consecutive years, with $452.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 6203.34% year-over-year to $452.3 million; the TTM figure through Mar 2026 stood at $2.6 billion (up 17.17% YoY), while the FY2025 annual figure was $2.6 billion, up 43.38% from the prior year.
- Operating Expenses fell to $452.3 million in Q1 2026 per NFE's latest filing, from $1.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.8 billion in Q4 2024 and bottomed at $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.
- Annual changes were most pronounced in 2025 — Operating Expenses plunged 98.57% — and 2026, when it jumped 6203.34%.
- New Fortress Energy's Operating Expenses stood at $295.9 million in 2022, then soared by 37.83% to $407.8 million in 2023, then jumped 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.
- Business Quant data shows NFE's Operating Expenses at $452.3 million in Q1 2026, $1.0 billion in Q4 2025, and $421.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 1.44 Bn |
| 10 | New Fortress Energy | 87.22 Mn | -412.92 Mn | 102.12 Mn | 461.22 Mn |
Historic Data
Download 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 | 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 |