NextDecade (NEXT) Operating Expenses (2015 - 2026)

NextDecade (NEXT) reported Operating Expenses of $55.1 million for Q1 2026, up 6.16% on a YoY basis from $51.9 million in Q1 2025, and up 20.38% sequentially from $45.8 million in Q4 2025.

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

NextDecade (NEXT) has 12 years of Operating Expenses data on file, last reported at $55.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 6.16% year-over-year to $55.1 million; the trailing twelve-month figure through Mar 2026 stood at $229.1 million (up 23.94% YoY), and the FY2025 full-year result was $225.9 million, up 32.07% from the prior year.
  • Operating Expenses grew to $55.1 million in Q1 2026, 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.
  • A 5-year average of $37.0 million and a median of $38.1 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses jumped 428.05% in 2023 and climbed 3.42% in 2025, its largest moves.
  • Tracing NEXT's Operating Expenses over 5 years: stood at $20.4 million in 2022, then soared by 57.31% to $32.1 million in 2023, then jumped by 37.71% to $44.3 million in 2024, then climbed by 3.42% to $45.8 million in 2025, then climbed by 20.38% to $55.1 million in 2026.
  • Business Quant data shows NEXT's Operating Expenses at $55.1 million in Q1 2026, $45.8 million in Q4 2025, and $72.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 261.00 Mn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn -466.59 Mn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 2.14 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 4.72 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 9.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 998.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 45.37 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 69.48 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 238.95 Mn
10 NextDecade 1.87 Bn 1.41 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