NextDecade (NEXT) Capital Expenditures (2016 - 2026)
NextDecade (NEXT) posted Capital Expenditures of $980.68 million for Q2 2026, up 34.0% from $731.62 million a year earlier but down 16.7% from the prior quarter.
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Analysis
NextDecade (NEXT) Capital Expenditures (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Capital Expenditures at NextDecade was $5.5 billion, up 103.7% year-over-year; for FY2025, it came in at $4.85 billion, up 88.8% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 172.3% (FY2020 to FY2025).
- In prior years, NextDecade's Capital Expenditures was $2.57 billion in FY2024 (+47.8%), $1.74 billion in FY2023, $33.75 million in FY2022 (+178.8%) and $12.11 million in FY2021 (-62.6%).
- Quarterly Capital Expenditures has run from a low of $1.29 million in Q2 2022 to a high of $1.99 billion in Q4 2025 over five years.
- On a year-over-year basis, Capital Expenditures has increased in each of the last five quarters, with growth averaging 51.5% over the last eight quarters.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q4 2022, with growth of 655.9%; the weakest was Q2 2022, with a decline of 58.4%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $1.18 billion (Q1 2026), $1.99 billion (Q4 2025) and $1.36 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.42 Bn | 100.02 Bn | 4.84 Bn | 2.15 Bn |
| 2 | Williams Companies | 86.50 Bn | 85.21 Bn | 2.54 Bn | 1.83 Bn |
| 3 | Enterprise Products Partners | 78.56 Bn | 76.94 Bn | - | 1.16 Bn |
| 4 | Kinder Morgan | 73.40 Bn | 73.11 Bn | 3.07 Bn | 982.00 Mn |
| 5 | Energy Transfer | 69.17 Bn | 62.35 Bn | 7.40 Bn | 1.56 Bn |
| 6 | Tc Energy | 64.30 Bn | 60.39 Bn | 2.81 Bn | -773.53 Mn |
| 7 | Targa Resources | 61.80 Bn | 61.28 Bn | 2.14 Bn | 1.01 Bn |
| 8 | Cheniere Energy | 59.25 Bn | 54.08 Bn | 5.29 Bn | 1.18 Bn |
| 9 | Mplx | 58.56 Bn | 52.12 Bn | 2.91 Bn | 825.00 Mn |
| 10 | NextDecade | 1.57 Bn | 990.40 Mn | - | 980.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 980.68 Mn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.99 Bn |
| Sep 30, 2025 | 1.36 Bn |
| Jun 30, 2025 | 731.62 Mn |
| Mar 31, 2025 | 769.97 Mn |
| Dec 31, 2024 | 694.61 Mn |
| Sep 30, 2024 | 505.31 Mn |
| Jun 30, 2024 | 593.27 Mn |
| Mar 31, 2024 | 774.62 Mn |
| Dec 31, 2023 | 741.17 Mn |
| Sep 30, 2023 | 943.51 Mn |
| Jun 30, 2023 | 31.43 Mn |
| Mar 31, 2023 | 21.53 Mn |
| Dec 31, 2022 | 28.08 Mn |
| Sep 30, 2022 | 3.07 Mn |
| Jun 30, 2022 | 1.29 Mn |
| Mar 31, 2022 | 1.31 Mn |
| Dec 31, 2021 | 3.72 Mn |
| Sep 30, 2021 | 2.91 Mn |
API Access
NextDecade Capital Expenditures 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=capital-expenditures&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();