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
DateValue
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