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Capital Expenditures by Segment
Tracks investment in each segment, showing where the company is focusing its growth efforts and potential future revenue drivers.Terminals & Infrastructure capex spiked through 2022–mid‑2023 during heavy build‑out, then stepped down markedly into 2024–early‑2026, suggesting major projects are completing and the company is shifting from build mode to maintenance and smaller works. Ship spend is negligible and sporadic, implying fleet additions are on hold. For investors, lower, lumpy capex should relieve cash burn and aid deleveraging or distributions, but future growth will hinge on monetizing completed terminals or restarting ship investments.
Date | Terminals & Infrastructure | Ships |
|---|---|---|
Jun 30, 2026 | $161.35M | $0.00 |
Mar 31, 2026 | $143.10M | $0.00 |
Dec 31, 2025 | $233.35M | $2.68M |
Sep 30, 2025 | $208.14M | $0.00 |
Jun 30, 2025 | $251.86M | $0.00 |
Mar 31, 2025 | $297.37M | $0.00 |
Dec 31, 2024 | $390.61M | $0.00 |
Sep 30, 2024 | $753.01M | $0.00 |
Jun 30, 2024 | $646.56M | $0.00 |
Mar 31, 2024 | $484.25M | $0.00 |