NextDecade (NEXT)
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NextDecade Corporation is a Houston-based energy infrastructure developer focused on liquefied natural gas exports and lower-carbon industrial solutions. The company’s primary project is Rio Grande LNG, a large natural gas liquefaction and export facility under construction and development near Brownsville, Texas. The site is designed to connect abundant US natural gas supply with overseas customers that use LNG for power generation, industrial demand, and energy security.
The company operates in a sector shaped by long-term supply contracts, large capital commitments, regulatory approvals, and global demand for flexible gas supply. LNG projects typically require agreements with buyers, financing partners, contractors, pipeline providers, and government agencies before moving through construction and into commercial operations. For investors, NextDecade is therefore closely tied to execution at Rio Grande LNG, the outlook for global LNG trade, and the ability to secure and deliver contracted volumes over time.
NextDecade also pursues carbon management through NEXT Carbon Solutions, which works on carbon capture and storage opportunities for industrial emitters. This business is intended to support customers seeking to reduce emissions from energy and manufacturing activities, and it complements the company’s emphasis on developing LNG infrastructure with a lower-carbon profile where feasible.
The stock represents exposure to a development-stage energy company rather than a mature utility or producer. Its value is influenced by project milestones, construction progress, financing, LNG market conditions, environmental permitting, and customer commitments. NextDecade stands out for combining a major Gulf Coast LNG export project with an integrated focus on carbon capture as part of its broader energy infrastructure strategy.
Last updated
- Market Cap
- 2.19B
- P/E
- —
- P/FCF
- —
- P/S
- —
- Enterprise Value
- 11.4B
- Sector
- Utilities
- Industry
- Natural Gas Transmission and Distribution
- Address
- 1000 LOUISIANA STREET, HOUSTON, TX, 77002
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NextDecade (NEXT) Obtains $62.5M to Advance Rio Grande LNG
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NextDecade (NEXT) Obtains $356M to Advance Rio Grande LNG
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 2.19B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 11.4B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- -71.37
- P/S
P/S ratio compares a company's share price to its revenue per share.
- —
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -50.11
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- —
- EPS
- -1.34
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -5.46B
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 1,152.91%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -2.68%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- -304.65
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.14
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.14
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.12
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 3.06M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 8.27
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -55.12M | -45.78M | -71.96M | -56.27M | -51.92M |
| EBITDA | -54.74M | -45.4M | -75.09M | -52.36M | -51.3M |
| Net income | -136.41M | -47.28M | -109.48M | -60.87M | -88.81M |
| Basic EPS | -0.51 | -0.18 | -0.42 | -0.23 | -0.34 |
| Diluted EPS | -0.51 | -0.18 | -0.42 | -0.23 | -0.34 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 13.23B | 12.43B | 10.01B | 7.86B | 6.89B |
| Total liabilities | 10.87B | 10.12B | 8.03B | 6B | 5.17B |
| Total equity | 2.36B | 2.3B | 1.98B | 1.87B | 1.72B |
| Cash & equivalents | 143.12M | 143.78M | 209.4M | 158.54M | 130.94M |
| Current assets | 165.58M | 154.74M | 229.55M | 178.35M | 149.58M |
| Current liabilities | 1.21B | 1.34B | 1.19B | 683.88M | 475.68M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -110.83M | -20.66M | -76.02M | -3.9M | -68.83M |
| Investing cash flow | -1.18B | -1.97B | -1.35B | -751.93M | -779.41M |
| Financing cash flow | 1.05B | 1.96B | 1.71B | 826.72M | 841.62M |
| Change in cash | -242.03M | -37.59M | 287.64M | 70.89M | -6.61M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | DEFA14A — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | S-3ASR — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Boylston Luke | View Filing | |
| edgar index | 10-Q — NextDecade Corp | View Filing | |
| edgar index | DEF 14A — NextDecade Corp | View Filing | |
| edgar index | ARS — NextDecade Corp | View Filing | |
| edgar index | 8-K — NextDecade Corp | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | SCHEDULE 13G — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Beall Pamela K.M. | View Filing | |
| form 4 | Form 4 — Beall Pamela K.M. | View Filing | |
| edgar index | 10-K — NextDecade Corp | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Beall Pamela K.M. | View Filing | |
| form 4 | Form 4 — Sands Diana L | View Filing | |
| form 4 | Form 4 — Wells Louis Spencer | View Filing | |
| form 4 | Form 4 — Vrattos William C | View Filing | |
| form 4 | Form 4 — Vrattos William C | View Filing | |
| form 4 | Form 4 — Vrattos William C | View Filing | |
| form 4 | Form 4 — Vrattos William C | View Filing | |
| form 4 | Form 4 — Belke Brian | View Filing | |
| form 4 | Form 4 — Scoggins Edward Andrew Jr. | View Filing | |
| form 4 | Form 4 — Chapman Frank | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | SCHEDULE 13D/A — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | SCHEDULE 13D/A — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 8-K — NextDecade Corp | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Hanwha Aerospace Co., Ltd. | View Filing | |
| edgar index | 4 — NextDecade Corp | View Filing | |
| form 4 | Form 4 — Kripalani Avinash | View Filing | |
| form 4 | Form 4 — Greene John Winand JR | View Filing | |
| form 4 | Form 4 — Man Investment Partners (US) LP | View Filing | |
| form 4 | Form 4 — Man Investment (US) Opportunistic Credit Fund II GP LLC | View Filing |