Torm (TRMD) Operating Expenses (2015 - 2025)
Torm (TRMD) recorded quarterly Operating Expenses of -$64.3 million in Q2 2025, down 96837249.4% quarter-over-quarter from -$66.4 in Q1 2025, and down 2.55% on a YoY basis from -$66.0 million in Q2 2024.
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.
- In Q2 2025, Operating Expenses fell 2.55% year-over-year to -$64.3 million; the TTM figure through Dec 2025 stood at -$64.3 million (down 2.55% YoY), while the FY2025 annual figure was $252.4 million, up 2.98% from the prior year.
- Operating Expenses was -$64.3 million for Q2 2025 at Torm, down from -$66.4 in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$44.3 in Q1 2021 to a low of -$64.3 million in Q2 2025.
- Historically, Operating Expenses has averaged -$19.3 million across 5 years, with a median of -$138.6 in 2021.
- The sharpest annual moves came in 2021 and 2023: Operating Expenses sank 105092492.59% in 2021, then soared 100.0% in 2023.
- A 5-year view of Operating Expenses shows it stood at -$51.9 in 2021, then plunged by 97109726.59% 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 tumbled by 26234090.13% to -$64.3 million in 2025.
- The last three Operating Expenses figures came in at -$64.3 million (Q2 2025), -$66.4 (Q1 2025), and -$245.1 (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Torm | 2.93 Bn | 2.78 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 | -51.90 |
| Sep 30, 2021 | -138.60 |
| Jun 30, 2021 | -45.40 Mn |
| Mar 31, 2021 | -44.30 |
| Dec 31, 2020 | -45.00 |
| Sep 30, 2020 | -47.10 Mn |
| Jun 30, 2020 | -43.20 |