Torm (TRMD) Operating Expenses (2015 - 2025)
Torm's (TRMD) quarterly Operating Expenses came in at -$64.3 million in Q2 2025, down 2.55% year-on-year from -$66.0 million in Q2 2024, and down 96837249.4% quarter-over-quarter from -$66.4 in Q1 2025.
Torm (TRMD) Operating Expenses (2015 - 2025) Analysis & Trends
Torm's Operating Expenses history runs 11 years deep, the most recent figure standing at -$64.3 million for Q2 2025.
- On a quarterly basis, Operating Expenses fell 2.55% year-over-year to -$64.3 million in Q2 2025; TTM through Dec 2025 was -$64.3 million, a 2.55% decrease from a year earlier, with the FY2025 full-year figure at $252.4 million, up 2.98% from the prior year.
- Operating Expenses eased to -$64.3 million in Q2 2025 per TRMD's latest filing, from -$66.4 in the prior quarter.
- Across five years, Operating Expenses topped out at -$44.3 in Q1 2021 and bottomed at -$64.3 million in Q2 2025.
- The 5-year median for Operating Expenses is -$190.5 (2021), against an average of -$19.3 million.
- Across the five-year window, Operating Expenses sank 105092492.59% in 2021 and surged 100.0% in 2023, its largest moves.
- Year by year, Operating Expenses stood at -$190.5 in 2021, then slumped by 26456592.91% to -$50.4 million in 2022, then jumped by 100.0% to -$216.0 in 2023, then declined by 13.47% to -$245.1 in 2024, then sank by 26234090.13% to -$64.3 million in 2025.
- Per Business Quant, the three latest TRMD Operating Expenses figures stand at -$64.3 million (Q2 2025), -$66.4 (Q1 2025), and -$245.1 (Q4 2024).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Torm | 2.96 Bn | 2.80 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -64.30 Mn |
| Mar 31, 2025 | -66.40 |
| Dec 31, 2024 | -245.10 |
| Jun 30, 2024 | -62.70 Mn |
| Mar 31, 2024 | -56.60 |
| Dec 31, 2023 | -216.00 |
| Sep 30, 2023 | -54.20 |
| Jun 30, 2023 | -54.80 Mn |
| Mar 31, 2023 | -51.90 |
| Dec 31, 2022 | -50.40 Mn |
| Sep 30, 2022 | -51.30 Mn |
| Jun 30, 2022 | -100.40 |
| Mar 31, 2022 | -49.30 |
| Dec 31, 2021 | -190.50 |
| Sep 30, 2021 | -138.60 |
| Jun 30, 2021 | -45.40 Mn |
| Mar 31, 2021 | -44.30 |
| Dec 31, 2020 | -178.40 |
| Sep 30, 2020 | -47.10 Mn |
| Jun 30, 2020 | -43.20 |