New Fortress Energy (NFE) Tax Rate (2020 - 2024)
New Fortress Energy (NFE) posted Tax Rate of 22.63% for Q3 2024, down 6.31 percentage points from 28.94% a year earlier.
Powered by 
Analysis
New Fortress Energy (NFE) Tax Rate (2020 - 2024) Analysis & Trends
For the trailing twelve months through Sep 30, 2024, Tax Rate at New Fortress Energy was 24.64%, up 12.11 percentage points year-over-year; for FY2023, it came in at 16.06%.
- In prior years, New Fortress Energy's Tax Rate was 13.73% in FY2021.
- Quarterly Tax Rate has run from a low of 1.51% in Q4 2022 to a high of 202.64% in Q3 2021 over five years.
- On a year-over-year basis, Tax Rate increased in three of the last five quarters, with an average year-over-year change of +6.22 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.82 Bn | 99.42 Bn | 4.84 Bn | 21.97% |
| 2 | Williams Companies | 81.86 Bn | 78.88 Bn | 2.59 Bn | - |
| 3 | Enterprise Products Partners | 79.95 Bn | 78.31 Bn | - | 1.03% |
| 4 | Kinder Morgan | 68.15 Bn | 67.00 Bn | 2.97 Bn | 19.39% |
| 5 | Energy Transfer | 65.57 Bn | 61.40 Bn | 6.57 Bn | 9.35% |
| 6 | Tc Energy | 65.55 Bn | 62.31 Bn | - | 11.44% |
| 7 | Cheniere Energy | 58.92 Bn | 53.07 Bn | 2.97 Bn | 10.16% |
| 8 | Targa Resources | 58.46 Bn | 57.92 Bn | 2.02 Bn | 20.53% |
| 9 | Mplx | 57.29 Bn | 51.31 Bn | 3.19 Bn | 0.17% |
| 10 | New Fortress Energy | 26.59 Mn | -598.68 Mn | 102.12 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 22.63% |
| Mar 31, 2024 | 25.50% |
| Dec 31, 2023 | 13.37% |
| Sep 30, 2023 | 28.94% |
| Jun 30, 2023 | 11.51% |
| Mar 31, 2023 | 16.98% |
| Dec 31, 2022 | 1.51% |
| Sep 30, 2022 | 10.18% |
| Dec 31, 2021 | 3.26% |
| Sep 30, 2021 | 202.64% |
| Dec 31, 2020 | 120.35% |
API Access
New Fortress Energy Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=NFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=NFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();