New Fortress Energy (NFE) Tax Rate (2018 - 2026)
New Fortress Energy (NFE) reported Tax Rate of 8.55% for Q1 2026, up 891.0% year-over-year from 0.86% in Q1 2025, and down 264.88% quarter-over-quarter from 2.34% in Q4 2025.
New Fortress Energy (NFE) Tax Rate (2018 - 2026) Analysis & Trends
New Fortress Energy (NFE) has 9 years of Tax Rate data on file, last reported at 8.55% in Q1 2026.
- Tax Rate for Q1 2026 came in at 8.55%, up 891.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.36% (up 1598.0% YoY), and the FY2025 annual result was 3.46%, up 3689.0% from the prior year.
- Tax Rate fell to 8.55% in Q1 2026 per NFE's latest filing, from 2.34% in the prior quarter.
- Over five years, Tax Rate peaked at 28.94% in Q3 2023 and troughed at 80.16% in Q2 2022.
- A 5-year average of 2.63% and a median of 1.94% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 19246 bps in 2022, then jumped 9167 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 1.51% in 2022, then surged by 787 bps to 13.37% in 2023, then tumbled by 261 bps to 21.59% in 2024, then jumped by 89 bps to 2.34% in 2025, then sank by 265 bps to 8.55% in 2026.
- Business Quant data shows NFE's Tax Rate at 8.55% in Q1 2026, 2.34% in Q4 2025, and 2.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | New Fortress Energy | 144.99 Mn | 80.32 Mn | 136.95 Mn | -8.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.55% |
| Mar 31, 2026 | -8.55% |
| Dec 31, 2025 | -2.34% |
| Dec 31, 2025 | -2.34% |
| Sep 30, 2025 | -2.13% |
| Sep 30, 2025 | -2.13% |
| Jun 30, 2025 | -1.94% |
| Jun 30, 2025 | -1.94% |
| Mar 31, 2025 | -17.45% |
| Mar 31, 2025 | -17.45% |
| Dec 31, 2024 | -21.59% |
| Dec 31, 2024 | -21.59% |
| Sep 30, 2024 | 24.04% |
| Sep 30, 2024 | 24.04% |
| Jun 30, 2024 | -9.74% |
| Jun 30, 2024 | -9.74% |
| Mar 31, 2024 | 27.90% |
| Mar 31, 2024 | 27.90% |
| Dec 31, 2023 | 13.37% |
| Dec 31, 2023 | 13.37% |