NextDecade (NEXT) Research & Development (2021 - 2026)
NextDecade's Research & Development came in at $2.16 million for Q3 2026, down 25.0% from $2.88 million a year earlier and down 24.1% from the prior quarter.
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Analysis
NextDecade (NEXT) Research & Development (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, NextDecade reported Research & Development of $10.73 million, up 98.9% year-over-year; for FY2025, it came in at $8.01 million, down 3.1% from FY2024.
- Research & Development carries a four-year compound annual growth rate of 49.2% (FY2021 to FY2025).
- Going back by year, Research & Development was $8.26 million in FY2024 (+68.9%), $4.89 million in FY2023 (+19.3%), $4.1 million in FY2022 (+153.9%) and $1.62 million in FY2021.
- The five-year range for quarterly Research & Development is $231,000 (Q4 2022) to $3.57 million (Q4 2025).
- Year-over-year, Research & Development increased in four of the last eight quarters, with growth averaging 99.0%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2026 (growth of 598.0%), and the weakest in Q1 2025 (a decline of 87.8%).
- Business Quant data shows NEXT's Research & Development at $2.85 million (Q2 2026), $2.14 million (Q1 2026) and $3.57 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn | - |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn | - |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - | - |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn | - |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn | - |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn | - |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn | - |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn | - |
| 10 | NextDecade | 1.70 Bn | 1.20 Bn | - | 2.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.16 Mn |
| Jun 30, 2026 | 2.85 Mn |
| Mar 31, 2026 | 2.14 Mn |
| Dec 31, 2025 | 3.57 Mn |
| Sep 30, 2025 | 2.88 Mn |
| Jun 30, 2025 | 1.25 Mn |
| Mar 31, 2025 | 307,000.00 |
| Dec 31, 2024 | 956,000.00 |
| Sep 30, 2024 | 2.39 Mn |
| Jun 30, 2024 | 2.41 Mn |
| Mar 31, 2024 | 2.51 Mn |
| Dec 31, 2023 | 2.93 Mn |
| Sep 30, 2023 | 1.08 Mn |
| Jun 30, 2023 | 418,000.00 |
| Mar 31, 2023 | 464,000.00 |
| Dec 31, 2022 | 231,000.00 |
| Sep 30, 2022 | 1.13 Mn |
| Jun 30, 2022 | 1.19 Mn |
| Mar 31, 2022 | 1.55 Mn |
| Dec 31, 2021 | 1.62 Mn |
API Access
NextDecade Research & Development 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=research-and-development&ticker=NEXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=NEXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();