NextDecade (NEXT) Accumulated Expenses (2016 - 2026)
NextDecade's Accumulated Expenses came in at $1.36 billion for Q2 2026, up 269.4% from $369.19 million a year earlier and up 49.0% from the prior quarter.
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Analysis
NextDecade (NEXT) Accumulated Expenses (2016 - 2026) Analysis & Trends
At the end of FY2025, NextDecade's Accumulated Expenses was $888.2 million, up 155.6% from FY2024.
- Accumulated Expenses carries a five-year compound annual growth rate of 286.3% (FY2020 to FY2025).
- Going back by year, Accumulated Expenses was $347.56 million in FY2024 (+13.5%), $306.12 million in FY2023, $23.18 million in FY2022 (+288.1%) and $5.97 million in FY2021 (+478.8%).
- The Q2 2026 figure represents the highest quarterly Accumulated Expenses in data going back to Q4 2016.
- Year-over-year, Accumulated Expenses has increased for five consecutive quarters, with growth averaging 114.5% over the last eight quarters.
- The fastest year-over-year change in Accumulated Expenses over five years came in Q1 2023 (growth of 918.2%), and the weakest in Q1 2025 (a decline of 32.9%).
- Business Quant data shows NEXT's Accumulated Expenses at $914.94 million (Q1 2026), $888.2 million (Q4 2025) and $761.82 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.35 Bn | 99.95 Bn | 4.84 Bn |
| 2 | Williams Companies | 86.46 Bn | 85.18 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 78.60 Bn | 76.99 Bn | - |
| 4 | Kinder Morgan | 73.27 Bn | 72.97 Bn | 3.07 Bn |
| 5 | Energy Transfer | 68.50 Bn | 61.68 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.25 Bn | 60.33 Bn | 2.81 Bn |
| 7 | Targa Resources | 61.79 Bn | 61.27 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 58.74 Bn | 53.57 Bn | 5.29 Bn |
| 9 | Mplx | 58.57 Bn | 52.13 Bn | 2.91 Bn |
| 10 | NextDecade | 1.54 Bn | 955.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Bn |
| Mar 31, 2026 | 914.94 Mn |
| Dec 31, 2025 | 888.20 Mn |
| Sep 30, 2025 | 761.82 Mn |
| Jun 30, 2025 | 369.19 Mn |
| Mar 31, 2025 | 216.07 Mn |
| Dec 31, 2024 | 347.56 Mn |
| Sep 30, 2024 | 331.03 Mn |
| Jun 30, 2024 | 364.91 Mn |
| Mar 31, 2024 | 322.00 Mn |
| Dec 31, 2023 | 306.12 Mn |
| Sep 30, 2023 | 213.11 Mn |
| Jun 30, 2023 | 19.76 Mn |
| Mar 31, 2023 | 28.66 Mn |
| Dec 31, 2022 | 23.18 Mn |
| Sep 30, 2022 | 10.99 Mn |
| Jun 30, 2022 | 5.32 Mn |
| Mar 31, 2022 | 2.82 Mn |
| Dec 31, 2021 | 5.97 Mn |
| Sep 30, 2021 | 5.31 Mn |
API Access
NextDecade Accumulated Expenses 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=accumulated-expenses&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "NEXT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();