NextDecade (NEXT) Invested Capital (2014 - 2026)
NextDecade (NEXT) reported Invested Capital of $13.23 billion for Q2 2026, up 88.1% from $7.04 billion a year earlier and up 13.0% from the prior quarter.
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Analysis
NextDecade (NEXT) Invested Capital (2014 - 2026) Analysis & Trends
For FY2025, NextDecade posted Invested Capital of $10.81 billion, up 90.9% from FY2024.
- Invested Capital has a three-year compound annual growth rate of 483.7% (FY2022 to FY2025).
- By year, Invested Capital came in at $5.66 billion in FY2024 (+121.6%), $2.56 billion in FY2023 and $54.37 million in FY2022.
- The Q2 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q4 2014.
- Year over year, Invested Capital has now increased in each of the last eight quarters, with growth averaging 91.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Invested Capital ran from 71.1% in Q2 2025 to 121.6% in Q4 2024.
- Per Business Quant data, the three quarters before Q2 2026 came in at $11.72 billion (Q1 2026), $10.81 billion (Q4 2025) and $8.59 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 130.30 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 64.29 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 118.93 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 65.13 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 36.51 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 23.37 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 39.89 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 35.53 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 56.06 Bn |
| 10 | NextDecade | 1.68 Bn | 3.98 Bn | - | 13.23 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.23 Bn |
| Mar 31, 2026 | 11.72 Bn |
| Dec 31, 2025 | 10.81 Bn |
| Sep 30, 2025 | 8.59 Bn |
| Jun 30, 2025 | 7.04 Bn |
| Mar 31, 2025 | 6.27 Bn |
| Dec 31, 2024 | 5.66 Bn |
| Sep 30, 2024 | 4.36 Bn |
| Jun 30, 2024 | 4.11 Bn |
| Mar 31, 2024 | 3.53 Bn |
| Dec 31, 2023 | 2.56 Bn |
| Sep 30, 2023 | 2.20 Bn |
| Dec 31, 2022 | 54.37 Mn |
| Jun 30, 2017 | 6.54 Mn |
| Mar 31, 2017 | 5.63 Mn |
| Dec 31, 2016 | 68.16 Mn |
| Mar 31, 2015 | 5.84 Mn |
| Dec 31, 2014 | 1.16 Mn |
API Access
NextDecade Invested Capital 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=invested-capital&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();