NextDecade (NEXT) Operating Expenses (2015 - 2026)

NextDecade's (NEXT) quarterly Operating Expenses came in at $55.1 million in Q1 2026, up 6.16% year-on-year from $51.9 million in Q1 2025, and up 20.38% quarter-over-quarter from $45.8 million in Q4 2025.

NextDecade (NEXT) Operating Expenses (2015 - 2026) Analysis & Trends

NextDecade has disclosed Operating Expenses across 12 years of filings, most recently posting $55.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $55.1 million, up 6.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $229.1 million (up 23.94% YoY), and the FY2025 annual result was $225.9 million, up 32.07% from the prior year.
  • Operating Expenses came in at $55.1 million for Q1 2026 at NextDecade, up from $45.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $72.0 million in Q3 2025 to a low of $5.1 million in Q1 2022.
  • The 5-year median for Operating Expenses is $38.1 million (2024), against an average of $37.0 million.
  • Across the five-year window, Operating Expenses jumped 428.05% in 2023 and climbed 3.42% in 2025, its largest moves.
  • NextDecade's Operating Expenses stood at $20.4 million in 2022, then jumped by 57.31% to $32.1 million in 2023, then surged by 37.71% to $44.3 million in 2024, then grew by 3.42% to $45.8 million in 2025, then grew by 20.38% to $55.1 million in 2026.
  • The last three Operating Expenses figures came in at $55.1 million (Q1 2026), $45.8 million (Q4 2025), and $72.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 732.00 Mn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -76.01 Mn
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 1.03 Bn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 238.95 Mn
10 NextDecade 2.26 Bn 4.19 Bn - 55.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 55.12 Mn
Dec 31, 2025 45.78 Mn
Sep 30, 2025 71.96 Mn
Jun 30, 2025 56.27 Mn
Mar 31, 2025 51.92 Mn
Dec 31, 2024 44.27 Mn
Sep 30, 2024 49.16 Mn
Jun 30, 2024 39.53 Mn
Mar 31, 2024 38.12 Mn
Dec 31, 2023 32.15 Mn
Sep 30, 2023 35.84 Mn
Jun 30, 2023 27.58 Mn
Mar 31, 2023 27.11 Mn
Dec 31, 2022 20.44 Mn
Sep 30, 2022 16.09 Mn
Jun 30, 2022 12.82 Mn
Mar 31, 2022 5.13 Mn
Dec 31, 2021 7.85 Mn
Sep 30, 2021 3.22 Mn
Jun 30, 2021 6.81 Mn