NextDecade (NEXT) Debt to Equity (2016 - 2026)

NextDecade's (NEXT) quarterly Debt to Equity came in at -$304.65 in Q1 2026, down 11642.23% year-on-year from N/an in Q1 2025, and down 8336.84% quarter-over-quarter from $3.7 in Q4 2025.

NextDecade (NEXT) Debt to Equity (2016 - 2026) Analysis & Trends

NextDecade has disclosed Debt to Equity across 6 years of filings, most recently posting -$304.65 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at -$304.65, down 11642.23% year-over-year; the trailing twelve-month figure through Mar 2026 was -$304.65 (down 11642.23% YoY), and the FY2025 annual result was $3.7, up 64.57% from the prior year.
  • Debt to Equity came in at -$304.65 for Q1 2026 at NextDecade, down from $3.7 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $42.78 in Q3 2025 to a low of -$304.65 in Q1 2026.
  • The 4-year median for Debt to Equity is $2.35 (2023), against an average of -$19.92.
  • Across the five-year window, Debt to Equity surged 1384.7% in 2024 and slumped 11642.23% in 2026, its largest moves.
  • NextDecade's Debt to Equity stood at $2.45 in 2023, then fell by 8.38% to $2.25 in 2024, then soared by 64.57% to $3.7 in 2025, then plunged by 8336.84% to -$304.65 in 2026.
  • The last three Debt to Equity figures came in at -$304.65 (Q1 2026), $3.7 (Q4 2025), and $42.78 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 0.37
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 0.83
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 0.01
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 0.13
5 Enerflex 8.62 Bn 8.57 Bn - 0.53
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 0.27
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 0.84
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 1.57
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 2.37
10 NextDecade 2.26 Bn 4.19 Bn - -304.65

Historic Data

Download Data
DateValue
Mar 31, 2026 -304.65
Dec 31, 2025 3.70
Sep 30, 2025 42.78
Jun 30, 2025 2.77
Mar 31, 2025 2.64
Dec 31, 2024 2.25
Sep 30, 2024 3.17
Jun 30, 2024 2.22
Mar 31, 2024 2.11
Dec 31, 2023 2.45
Sep 30, 2023 1.69
Jun 30, 2023 -0.17
Jun 30, 2017 0.29
Mar 31, 2017 0.10
Dec 31, 2016 0.00