NextDecade (NEXT) Free Cash Flow (2015 - 2026)

NextDecade (NEXT) reported Free Cash Flow of -$1.3 billion for Q1 2026, down 53.49% on a YoY basis from -$2.8 billion in Q1 2025, and up 35.89% sequentially from -$2.0 billion in Q4 2025.

NextDecade (NEXT) Free Cash Flow (2015 - 2026) Analysis & Trends

NextDecade (NEXT) has 12 years of Free Cash Flow data on file, last reported at -$1.3 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 53.49% year-over-year to -$1.3 billion; the trailing twelve-month figure through Mar 2026 stood at -$5.5 billion (down 102.5% YoY), and the FY2025 full-year result was -$5.0 billion, down 88.34% from the prior year.
  • Free Cash Flow advanced to -$1.3 billion in Q1 2026, from -$2.0 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$8.6 million in Q2 2022 to a low of -$2.0 billion in Q4 2025.
  • A 5-year average of -$638.4 million and a median of -$703.5 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow slumped 6943.87% in 2023 and jumped 40.4% in 2024, its largest moves.
  • Tracing NEXT's Free Cash Flow over 5 years: stood at -$40.2 million in 2022, then sank by 1796.16% to -$762.2 million in 2023, then advanced by 7.7% to -$703.5 million in 2024, then sank by 185.44% to -$2.0 billion in 2025, then soared by 35.89% to -$1.3 billion in 2026.
  • Business Quant data shows NEXT's Free Cash Flow at -$1.3 billion in Q1 2026, -$2.0 billion in Q4 2025, and -$1.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Slb 70.54 Bn 68.33 Bn 5.38 Bn 490.00 Mn
2 Tenaris 57.93 Bn 46.32 Bn 1.05 Bn 732.12 Mn
3 TechnipFMC 30.31 Bn 29.04 Bn 1.64 Bn 276.90 Mn
4 Halliburton 27.38 Bn 25.42 Bn 2.10 Bn 589.00 Mn
5 Nov 7.25 Bn 5.97 Bn 379.00 Mn -91.00 Mn
6 Archrock 6.68 Bn 6.68 Bn 247.42 Mn 72.37 Mn
7 Weatherford International 6.15 Bn 5.02 Bn 776.00 Mn 133.00 Mn
8 Kodiak Gas Services 5.93 Bn 5.84 Bn 222.88 Mn -47.19 Mn
9 Oceaneering International 5.32 Bn 4.71 Bn 156.98 Mn 32.03 Mn
10 NextDecade 2.11 Bn 4.03 Bn - -1.29 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.29 Bn
Mar 31, 2026 -1.29 Bn
Dec 31, 2025 -2.01 Bn
Dec 31, 2025 -2.01 Bn
Sep 30, 2025 -1.43 Bn
Sep 30, 2025 -1.43 Bn
Jun 30, 2025 -735.52 Mn
Jun 30, 2025 -735.52 Mn
Mar 31, 2025 -838.80 Mn
Mar 31, 2025 -838.80 Mn
Dec 31, 2024 -703.51 Mn
Dec 31, 2024 -703.51 Mn
Sep 30, 2024 -569.15 Mn
Sep 30, 2024 -569.15 Mn
Jun 30, 2024 -587.28 Mn
Jun 30, 2024 -587.28 Mn
Mar 31, 2024 -803.44 Mn
Mar 31, 2024 -803.44 Mn
Dec 31, 2023 -762.16 Mn
Dec 31, 2023 -762.16 Mn