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.

8.44 USD
8.30 USD
+0.17 (+2.06%)
After-hours

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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12 Sep 2025, 01:00 AM
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How Much Upside is Left in NextDecade (NEXT)? Wall Street Analysts Think 28.53%

17 Jun 2024, 17:55 PM
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NextDecade (NEXT) and Saudi Aramco Sign 20-Year LNG Agreement

14 Jun 2024, 17:24 PM
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11 Jun 2024, 17:40 PM
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NextDecade (NEXT) Welcomes New Stakeholder for Rio Grande LNG

22 May 2024, 21:47 PM
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10 May 2024, 17:40 PM
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Can NextDecade (NEXT) Climb 32.61% to Reach the Level Wall Street Analysts Expect?

02 May 2024, 17:55 PM
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27 Mar 2024, 19:08 PM
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01 Mar 2024, 16:10 PM
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What Biden’s decision to pause new U.S. LNG exports means for the energy market

27 Jan 2024, 01:39 AM
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NextDecade (NEXT) Obtains $62.5M to Advance Rio Grande LNG

15 Jan 2024, 18:09 PM
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A Closer Look At Roundhill's Ground-Breaking ETF Tracking LNG

27 Sep 2023, 15:47 PM
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NextDecade (NEXT) Obtains $356M to Advance Rio Grande LNG

25 Sep 2023, 15:35 PM
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Market Cap
2.19B
Enterprise Value
11.4B
P/E
P/B
-71.37
P/S
EV / EBITDA
-50.11
EV / Sales
EPS
-1.34
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-5.46B
ROE
1,152.91%
ROA
-2.68%
Debt / Equity
-304.65
Current Ratio
0.14
Quick Ratio
0.14
Cash
0.12
Avg Volume
3.06M
Fundamentals Snapshot Price
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