NextDecade (NEXT) Operating Expenses (2015 - 2026)
NextDecade's Operating Expenses was $54.57 million in Q2 2026, down 3.0% from $56.27 million a year earlier and down 1.0% from the prior quarter.
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Analysis
NextDecade (NEXT) Operating Expenses (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, NextDecade's Operating Expenses was $227.43 million through Jun 30, 2026, up 12.8% year-over-year; for FY2025, it was $225.93 million, up 32.1% from FY2024.
- Operating Expenses has now increased for four consecutive years, with a five-year compound annual growth rate of 59.3% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $171.08 million in FY2024 (+39.5%), $122.67 million in FY2023 (+125.2%), $54.48 million in FY2022 (+179.3%) and $19.51 million in FY2021 (-11.4%).
- Quarterly Operating Expenses has moved between $3.22 million (Q3 2021) and $71.96 million (Q3 2025) over five years.
- Compared with a year earlier, Operating Expenses was higher in seven of the last eight quarters, with growth averaging 25.8%.
- The best year-over-year quarter for Operating Expenses over five years was Q1 2023 (growth of 428.0%); the worst was Q3 2021 (a decline of 42.1%).
- Per Business Quant data, NEXT's Operating Expenses in the three quarters before Q2 2026 was $55.12 million (Q1 2026), $45.78 million (Q4 2025) and $71.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.84 Bn | 100.44 Bn | 4.84 Bn | 19.09 Bn |
| 2 | Williams Companies | 89.20 Bn | 87.92 Bn | 2.54 Bn | 1.87 Bn |
| 3 | Enterprise Products Partners | 79.12 Bn | 77.51 Bn | - | 16.13 Bn |
| 4 | Kinder Morgan | 75.45 Bn | 75.15 Bn | 3.07 Bn | 3.13 Bn |
| 5 | Energy Transfer | 69.26 Bn | 62.44 Bn | 7.40 Bn | 30.76 Bn |
| 6 | Tc Energy | 64.74 Bn | 60.82 Bn | 2.81 Bn | -1.06 Bn |
| 7 | Targa Resources | 63.52 Bn | 63.00 Bn | 2.14 Bn | 354.10 Mn |
| 8 | Cheniere Energy | 59.48 Bn | 54.30 Bn | 5.29 Bn | 1.44 Bn |
| 9 | Mplx | 59.26 Bn | 52.82 Bn | 2.91 Bn | 1.93 Bn |
| 10 | NextDecade | 1.60 Bn | 1.02 Bn | - | 54.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.57 Mn |
| 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 |
API Access
NextDecade Operating Expenses 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=operating-expenses&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();