New Fortress Energy (NFE) Tax Rate (2020 - 2024)
New Fortress Energy (NFE) posted Tax Rate of 2.09% for Q2 2026, up 4.03 percentage points from -1.94% a year earlier and up 10.64 percentage points from the prior quarter.
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Analysis
New Fortress Energy (NFE) Tax Rate (2020 - 2024) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at New Fortress Energy was -2.64%, up 6.65 percentage points year-over-year; for FY2025, it came in at -3.46%, up 36.89 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -1.61 percentage points (FY2020 to FY2025).
- In prior years, New Fortress Energy's Tax Rate was -40.35% in FY2024 (-56.41 pp), 16.06% in FY2023 (+39.19 pp), -23.13% in FY2022 (-36.87 pp) and 13.73% in FY2021 (+15.59 pp).
- The Q2 2026 figure stands as the highest quarterly Tax Rate since Q3 2024.
- On a year-over-year basis, Tax Rate has increased in each of the last three quarters, with an average year-over-year change of -8.93 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2021, with a gain of 207.91 percentage points; the weakest was Q3 2022, with a drop of 192.46 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -8.55% (Q1 2026), -2.34% (Q4 2025) and -2.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.05 Bn | 98.59 Bn | 4.84 Bn | 21.97% |
| 2 | Williams Companies | 84.68 Bn | 83.39 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 77.03 Bn | 75.46 Bn | - | 0.64% |
| 4 | Energy Transfer | 69.18 Bn | 62.61 Bn | 7.40 Bn | 7.12% |
| 5 | Kinder Morgan | 67.95 Bn | 68.90 Bn | 3.07 Bn | 23.33% |
| 6 | Tc Energy | 61.01 Bn | 64.08 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 59.91 Bn | 59.53 Bn | 2.14 Bn | 22.61% |
| 8 | Mplx | 57.11 Bn | 50.67 Bn | 2.91 Bn | 0.18% |
| 9 | Cheniere Energy | 56.26 Bn | 56.39 Bn | 5.29 Bn | 9.13% |
| 10 | New Fortress Energy | 33.76 Mn | -470.30 Mn | 102.12 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 24.04% |
| Mar 31, 2024 | 27.90% |
| 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();