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| Date | Value |
|---|---|
| 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 |