NextDecade (NEXT) vs Northern Oil and Gas (NOG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Northern Oil and Gas (NOG) has outperformed NextDecade (NEXT) over the past year, losing 2.7% versus a loss of 10.5%. Over five years, NEXT leads with a +108.8% price change compared with -4.0% for NOG. Northern Oil and Gas is the larger company by market cap ($2.58 billion vs $1.77 billion), about 1.5 times the size.
On valuation, Northern Oil and Gas trades at a lower forward P/E (5.3x vs 44.4x for NextDecade). Northern Oil and Gas pays a dividend yielding 7.44%, while NextDecade does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NEXT | NOG |
|---|---|---|
| Share price | $6.66 | $24.18 |
| Market cap | $1.77B | $2.58B |
| 1-day change | -2.49% | +1.13% |
| YTD return | +26.38% | +12.62% |
| 1-year return | -10.48% | -2.74% |
| 5-year return | +108.78% | -4.01% |
| Forward P/E | 44.40 | 5.31 |
| EPS (TTM) | $-1.33 | $-4.90 |
| Dividend yield | 0.00% | 7.44% |
| Annual dividend | $0.00 | $1.80 |
| Revenue (latest FY) | — | $2.48B |
| Revenue growth (YoY) | — | +11.23% |
| Net income (latest FY) | — | $38.76M |
| Gross margin | — | 80.87% |
| Operating margin | — | 9.93% |
| Net margin | — | 1.57% |
| 52-week high | $9.24 | $31.17 |
| 52-week low | $4.75 | $17.18 |
| Distance from 52-week high | -27.92% | -22.43% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +30.63% | +25.89% |
| Average volume | 2.57M | 2.36M |
| Shares outstanding | 266.19M | 106.55M |
| Employees | 360 | 64 |
| Sector | Utilities | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Northern Oil and Gas offers a meaningfully higher dividend yield (7.44% vs 0.00%).
- The two companies sit in different sectors: NextDecade in Utilities and Northern Oil and Gas in Energy.
About NextDecade
NEXT stock →NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. The company constructs and develops natural gas liquefaction and export facilities located in the Rio Grande Valley near Brownsville, Texas; and a carbon capture and storage project at the Rio Grande LNG Facility.
Utilities · Oil & Gas Production · 360 employees
About Northern Oil and Gas
NOG stock →Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. Northern Oil and Gas, Inc.
Energy · Oil & Gas Production · 64 employees
NEXT vs NOG FAQ
Which is bigger, NextDecade or Northern Oil and Gas?
Northern Oil and Gas (NOG) is larger, with a market capitalization of $2.58B compared with $1.77B for NextDecade (NEXT).
Which stock has performed better over the past year, NEXT or NOG?
NOG returned -2.74% over the past 12 months, compared with -10.48% for NEXT (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, NextDecade or Northern Oil and Gas?
Northern Oil and Gas pays a dividend yielding 7.44%, while NextDecade does not currently pay a regular dividend.
Are NextDecade and Northern Oil and Gas in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Utilities sector.