NextDecade (NEXT) Enterprise Value (2015 - 2026)
NextDecade (NEXT) reported Enterprise Value of $5.2 billion for Q3 2026, up 52.5% from $3.41 billion a year earlier and up 8.5% from the prior quarter.
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Analysis
NextDecade (NEXT) Enterprise Value (2015 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, NextDecade's Enterprise Value came in at $4.83 billion, up 62.5% year-over-year; for FY2025, it came in at $3.46 billion, up 7.2% from FY2024.
- Enterprise Value has increased for five consecutive years, with a five-year compound annual growth rate of 72.9% (FY2020 to FY2025).
- By year, Enterprise Value came in at $3.22 billion in FY2024 (+140.2%), $1.34 billion in FY2023 (+107.8%), $646.1 million in FY2022 (+102.7%) and $318.73 million in FY2021 (+42.5%).
- The Q3 2026 figure ranks as the highest quarterly Enterprise Value in data going back to Q2 2015.
- Year over year, Enterprise Value has now increased in each of the last eight quarters, with growth averaging 59.9% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was Q1 2024 (growth of 193.3%); the low point was Q1 2023 (a decline of 11.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $4.79 billion (Q2 2026), $4.28 billion (Q1 2026) and $3.46 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn |
| 10 | NextDecade | 1.70 Bn | 1.20 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.20 Bn |
| Jun 30, 2026 | 4.79 Bn |
| Mar 31, 2026 | 4.28 Bn |
| Dec 31, 2025 | 3.46 Bn |
| Sep 30, 2025 | 3.41 Bn |
| Jun 30, 2025 | 3.77 Bn |
| Mar 31, 2025 | 3.32 Bn |
| Dec 31, 2024 | 3.22 Bn |
| Sep 30, 2024 | 1.56 Bn |
| Jun 30, 2024 | 2.66 Bn |
| Mar 31, 2024 | 2.03 Bn |
| Dec 31, 2023 | 1.34 Bn |
| Sep 30, 2023 | 1.60 Bn |
| Jun 30, 2023 | 1.25 Bn |
| Mar 31, 2023 | 691.38 Mn |
| Dec 31, 2022 | 646.10 Mn |
| Sep 30, 2022 | 752.84 Mn |
| Jun 30, 2022 | 524.71 Mn |
| Mar 31, 2022 | 782.63 Mn |
| Dec 31, 2021 | 318.73 Mn |
API Access
NextDecade Enterprise Value 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=enterprise-value&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();