New Fortress Energy (NFE) Tax Rate (2018 - 2026)
New Fortress Energy's (NFE) quarterly Tax Rate came in at 8.55% in Q1 2026, up 891.0% year-on-year from 0.86% in Q1 2025, and down 264.88% sequentially from 2.34% in Q4 2025.
New Fortress Energy (NFE) Tax Rate (2018 - 2026) Analysis & Trends
New Fortress Energy's Tax Rate history runs 9 years deep, the most recent figure standing at 8.55% for Q1 2026.
- In Q1 2026, Tax Rate rose 891.0% year-over-year to 8.55%; the TTM figure through Mar 2026 stood at 3.36% (up 1598.0% YoY), while the FY2025 annual figure was 3.46%, up 3689.0% from the prior year.
- Tax Rate came in at 8.55% for Q1 2026 at New Fortress Energy, down 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.
- The 5-year median for Tax Rate is 1.94% (2025), against an average of 2.63%.
- The widest annual swing landed in 2022, when Tax Rate plunged 19246 bps; it then surged 9167 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 1.51% in 2022, then soared by 787 bps to 13.37% in 2023, then plunged by 261 bps to 21.59% in 2024, then surged by 89 bps to 2.34% in 2025, then slumped by 265 bps to 8.55% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 8.55% in Q1 2026, 2.34% in Q4 2025, and 2.13% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | New Fortress Energy | 102.85 Mn | 38.18 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% |