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NEXT Chart
About
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 focuses on the development activities on the Rio Grande liquefied natural gas (LNG) terminal facility located in the Port of Brownsville in southern Texas; and a carbon capture and storage project (CCS project) at the terminal, as well as on other CCS projects with third-party industrial facilities. It is also involved in sale of LNG; and capture and storage of CO2 emissions. The company was founded in 2010 is based in Houston, Texas.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas Equipment & Se | Market Cap | 1.38B |
| Enterprise Value | 9.77B | Income | -193.48M | Sales | — |
| Book/sh | 0.58 | Cash/sh | 0.79 | Dividend Yield | — |
| Payout | 0.00% | Employees | 237 | IPO | — |
| P/E | — | Forward P/E | -24.76 | PEG | — |
| P/S | — | P/B | 8.90 | P/C | — |
| EV/EBITDA | -43.94 | EV/Sales | — | Quick Ratio | 0.17 |
| Current Ratio | 0.64 | Debt/Eq | 341.84 | LT Debt/Eq | — |
| EPS (ttm) | -0.74 | EPS next Y | -0.21 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-03-02 | ROA | -1.85% |
| ROE | -1.27% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 0.00% | Profit Margin | 0.00% | Shs Outstand | 264.80M |
| Shs Float | 128.32M | Short Float | 13.02% | Short Ratio | 7.11 |
| Short Interest | — | 52W High | 12.12 | 52W Low | 4.75 |
| Beta | 2.02 | Avg Volume | 3.07M | Volume | 357.06K |
| Target Price | $8.25 | Recom | Buy | Prev Close | $5.30 |
| Price | $5.20 | Change | -1.89% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$8.25
Mean price target
2. Current target
$5.20
Latest analyst target
3. DCF / Fair value
$-227.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.20
Low
$7.00
High
$12.00
Mean
$8.25
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-24 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $7 |
| 2025-09-15 | down | TD Cowen | Buy → Hold | $8 |
| 2025-09-12 | down | Morgan Stanley | Overweight → Equal-Weight | $10 |
| 2025-07-11 | main | Morgan Stanley | Overweight → Overweight | $15 |
| 2024-06-06 | main | TD Cowen | Hold → Hold | $9 |
| 2023-08-16 | up | Wolfe Research | Peer Perform → Outperform | $8 |
| 2023-08-15 | up | Stifel | Hold → Buy | $9 |
| 2022-10-26 | main | Morgan Stanley | — → Overweight | $10 |
| 2022-07-28 | up | Stifel | Sell → Hold | $6 |
| 2022-04-26 | down | Stifel | Hold → Sell | $4 |
| 2022-04-01 | down | Credit Suisse | Outperform → Neutral | $8 |
| 2022-02-16 | main | Morgan Stanley | — → Overweight | $5 |
| 2021-06-08 | up | Evercore ISI Group | In-Line → Outperform | $9 |
| 2021-06-07 | up | Morgan Stanley | Equal-Weight → Overweight | $6 |
| 2021-03-26 | up | Morgan Stanley | Underweight → Equal-Weight | $2 |
| 2021-03-24 | up | Credit Suisse | Neutral → Outperform | $3 |
| 2019-09-20 | init | Morgan Stanley | — → Underweight | $5 |
| 2019-09-18 | init | Evercore ISI Group | — → Outperform | $11 |
| 2018-10-11 | init | Credit Suisse | — → Neutral | $6 |
| 2018-09-26 | down | Cowen & Co. | Outperform → Market Perform | — |
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Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 30245 | — | — | Stock Award(Grant) at price 0.00 per share. | BEALL PAMELA K. M. | Director | — | 2026-01-30 00:00:00 | D |
| 1 | 51984 | — | — | Stock Award(Grant) at price 0.00 per share. | VRATTOS WILLIAM | Director | — | 2026-01-30 00:00:00 | D |
| 2 | 40642 | — | — | Stock Award(Grant) at price 0.00 per share. | SANDS DIANA L. | Director | — | 2026-01-30 00:00:00 | D |
| 3 | 30245 | — | — | Stock Award(Grant) at price 0.00 per share. | WELLS LOUIS SPENCER | Director | — | 2026-01-30 00:00:00 | D |
| 4 | 49149 | — | — | Stock Award(Grant) at price 0.00 per share. | BELKE BRIAN | Director | — | 2026-01-30 00:00:00 | D |
| 5 | 30245 | — | — | Stock Award(Grant) at price 0.00 per share. | SCOGGINS EDWARD ANDREW JR. | Director | — | 2026-01-30 00:00:00 | D |
| 6 | 30245 | — | — | Stock Award(Grant) at price 0.00 per share. | CHAPMAN FRANK JOSEPH | Director | — | 2026-01-30 00:00:00 | D |
| 7 | 1651971 | 9399378 | — | Purchase at price 5.54 - 5.83 per share. | HANWHA AEROSPACE CO., LTD | Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-12 00:00:00 | D |
| 8 | 932598 | 5742414 | — | Purchase at price 6.05 - 6.36 per share. | HANWHA AEROSPACE CO., LTD | Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-10 00:00:00 | D |
| 9 | 636963 | 3910470 | — | Purchase at price 6.04 - 6.21 per share. | HANWHA AEROSPACE CO., LTD | Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-05 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -230.90M | -155.26M | -53.41M | -16.24M |
| TotalUnusualItems | 537.23M | -54.33M | -5.75M | -2.53M |
| TotalUnusualItemsExcludingGoodwill | 537.23M | -54.33M | -5.75M | -2.53M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -61.75M | -162.26M | -60.07M | -22.04M |
| ReconciledDepreciation | 6.68M | 3.15M | 918.00K | 735.00K |
| ReconciledCostOfRevenue | 1.93M | 168.00K | 162.00K | 184.00K |
| EBITDA | 306.33M | -209.60M | -59.15M | -18.77M |
| EBIT | 299.65M | -212.75M | -60.07M | -19.51M |
| NetInterestIncome | -87.54M | -50.28M | 0.00 | 2.00K |
| InterestExpense | 22.20M | 8.89M | 0.00 | |
| InterestIncome | 2.00K | |||
| NormalizedIncome | -598.98M | -107.93M | -54.32M | -19.51M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -61.75M | -162.26M | -60.07M | -22.04M |
| TotalExpenses | 171.07M | 122.67M | 54.48M | 19.51M |
| RentExpenseSupplemental | 10.78M | 6.14M | 1.12M | 905.00K |
| TotalOperatingIncomeAsReported | -171.07M | -122.67M | -54.48M | -19.51M |
| DilutedAverageShares | 258.54M | 194.59M | 130.14M | 119.20M |
| BasicAverageShares | 258.54M | 194.59M | 130.14M | 119.20M |
| DilutedEPS | -0.24 | -0.94 | -0.65 | -0.34 |
| BasicEPS | -0.24 | -0.94 | -0.65 | -0.34 |
| DilutedNIAvailtoComStockholders | -61.75M | -182.75M | -84.35M | -40.40M |
| NetIncomeCommonStockholders | -61.75M | -182.75M | -84.35M | -40.40M |
| PreferredStockDividends | 20.48M | 24.28M | 18.36M | |
| NetIncome | -61.75M | -162.26M | -60.07M | -22.04M |
| MinorityInterests | -339.20M | 59.38M | 0.00 | |
| NetIncomeIncludingNoncontrollingInterests | 277.45M | -221.64M | -60.07M | -22.04M |
| NetIncomeContinuousOperations | 277.45M | -221.64M | -60.07M | -22.04M |
| PretaxIncome | 277.45M | -221.64M | -60.07M | -22.04M |
| OtherIncomeExpense | 536.06M | -48.69M | -5.60M | -2.53M |
| OtherNonOperatingIncomeExpenses | -1.17M | 5.65M | 151.00K | 1.00K |
| SpecialIncomeCharges | -49.31M | -9.53M | 0.00 | |
| OtherSpecialCharges | 49.31M | 9.53M | ||
| GainOnSaleOfSecurity | 586.54M | -44.80M | -5.75M | -2.53M |
| NetNonOperatingInterestIncomeExpense | -87.54M | -50.28M | 0.00 | 2.00K |
| TotalOtherFinanceCost | 65.34M | 41.39M | ||
| InterestExpenseNonOperating | 22.20M | 8.89M | 0.00 | |
| InterestIncomeNonOperating | 2.00K | |||
| OperatingIncome | -171.07M | -122.67M | -54.48M | -19.51M |
| OperatingExpense | 169.14M | 122.50M | 54.31M | 19.32M |
| ResearchAndDevelopment | 8.26M | 4.89M | 4.10M | 1.61M |
| SellingGeneralAndAdministration | 160.88M | 117.61M | 50.21M | 17.71M |
| GeneralAndAdministrativeExpense | 160.88M | 117.61M | 50.21M | 17.71M |
| OtherGandA | 150.11M | 111.47M | 49.09M | 16.80M |
| RentAndLandingFees | 10.78M | 6.14M | 1.12M | 905.00K |
| GrossProfit | -1.93M | -168.00K | -162.00K | -184.00K |
| CostOfRevenue | 1.93M | 168.00K | 162.00K | 184.00K |
| TotalRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| OperatingRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 3.10M | 2.20M | 991.09K | 346.13K |
| OrdinarySharesNumber | 260.29M | 256.50M | 143.50M | 120.45M |
| ShareIssued | 263.39M | 258.70M | 144.49M | 120.80M |
| NetDebt | 3.77B | 1.78B | ||
| TotalDebt | 4.07B | 1.97B | 1.56M | 596.00K |
| TangibleBookValue | 377.64M | 287.92M | 54.37M | 19.89M |
| InvestedCapital | 4.30B | 2.10B | 54.37M | 19.89M |
| WorkingCapital | -182.51M | -237.86M | 38.58M | 18.16M |
| NetTangibleAssets | 377.64M | 287.92M | 54.37M | 19.89M |
| CapitalLeaseObligations | 147.04M | 149.10M | 1.56M | 596.00K |
| CommonStockEquity | 377.64M | 287.92M | 54.37M | 19.89M |
| PreferredStockEquity | 202.44M | 168.40M | ||
| TotalCapitalization | 4.30B | 2.10B | 54.37M | 19.89M |
| TotalEquityGrossMinorityInterest | 1.74B | 740.43M | 54.37M | 19.89M |
| MinorityInterest | 1.37B | 452.51M | 0.00 | |
| StockholdersEquity | 377.64M | 287.92M | 54.37M | 19.89M |
| TreasuryStock | 20.92M | 14.21M | 4.59M | 1.31M |
| RetainedEarnings | -453.52M | -391.77M | -230.14M | -170.07M |
| AdditionalPaidInCapital | 852.05M | 693.88M | 289.08M | 191.26M |
| CapitalStock | 26.00K | 26.00K | 14.00K | 12.00K |
| CommonStock | 26.00K | 26.00K | 14.00K | 12.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 4.66B | 2.58B | 258.06M | 202.21M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.06B | 2.03B | 232.70M | 193.99M |
| OtherNonCurrentLiabilities | 1.82M | 29.79M | 25.59M | |
| PreferredSecuritiesOutsideStockEquity | 0.00 | 202.44M | 168.40M | |
| DerivativeProductLiabilities | 0.00 | 66.90M | 0.00 | 2.59M |
| LongTermDebtAndCapitalLeaseObligation | 4.06B | 1.96B | 465.00K | 0.00 |
| LongTermCapitalLeaseObligation | 144.16M | 145.96M | 465.00K | 0.00 |
| LongTermDebt | 3.92B | 1.82B | ||
| CurrentLiabilities | 595.08M | 552.39M | 25.36M | 8.23M |
| OtherCurrentLiabilities | 6.85M | 182.00K | 1.56M | |
| CurrentDebtAndCapitalLeaseObligation | 2.88M | 3.14M | 1.09M | 596.00K |
| CurrentCapitalLeaseObligation | 2.88M | 3.14M | 1.09M | 596.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 13.43M | 9.27M | 6.65M | 4.36M |
| PayablesAndAccruedExpenses | 578.78M | 539.97M | 17.62M | 1.71M |
| CurrentAccruedExpenses | 334.14M | 296.85M | 16.53M | 1.43M |
| InterestPayable | 40.91M | 20.39M | 0.00 | |
| Payables | 244.64M | 243.13M | 1.08M | 281.00K |
| AccountsPayable | 244.64M | 243.13M | 1.08M | 281.00K |
| TotalAssets | 6.40B | 3.32B | 312.43M | 222.10M |
| TotalNonCurrentAssets | 5.99B | 3.01B | 248.49M | 195.72M |
| OtherNonCurrentAssets | 15.56M | 11.02M | 28.37M | 21.31M |
| NonCurrentDeferredAssets | 317.79M | 389.69M | 0.00 | 20.92M |
| FinancialAssets | 472.06M | 0.00 | ||
| GoodwillAndOtherIntangibleAssets | 0.00 | |||
| NetPPE | 5.19B | 2.61B | 220.12M | 174.41M |
| AccumulatedDepreciation | -1.98M | -1.17M | -1.01M | -844.00K |
| GrossPPE | 5.19B | 2.61B | 221.13M | 175.25M |
| Leases | 101.00K | 101.00K | ||
| ConstructionInProgress | 7.53M | 0.00 | ||
| OtherProperties | 178.82M | 178.34M | 22.51M | 21.02M |
| MachineryFurnitureEquipment | 5.01B | 2.43B | 197.14M | 153.54M |
| BuildingsAndImprovements | 170.83M | 1.47M | 590.00K | |
| LandAndImprovements | 0.00 | |||
| Properties | 0.00 | 0.00 | 0.00 | |
| CurrentAssets | 412.57M | 314.52M | 63.94M | 26.39M |
| OtherCurrentAssets | 2.94M | 2.09M | 1.15M | 314.00K |
| HedgingAssetsCurrent | 16.87M | 17.96M | 0.00 | |
| RestrictedCash | 244.62M | 256.24M | 0.00 | |
| PrepaidAssets | 1.04M | 521.00K | ||
| CashCashEquivalentsAndShortTermInvestments | 148.14M | 38.24M | 62.79M | 25.55M |
| CashAndCashEquivalents | 148.14M | 38.24M | 62.79M | 25.55M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -2.66B | -1.81B | -73.83M | -30.07M |
| RepaymentOfDebt | -1.34B | -233.00M | 0.00 | |
| IssuanceOfDebt | 3.52B | 2.08B | 0.00 | |
| IssuanceOfCapitalStock | 0.00 | 254.40M | 125.50M | 40.06M |
| CapitalExpenditure | -2.57B | -1.74B | -33.75M | -12.11M |
| InterestPaidSupplementalData | 3.56M | 23.36M | ||
| EndCashPosition | 392.76M | 294.48M | 62.79M | 25.55M |
| BeginningCashPosition | 294.48M | 62.79M | 25.55M | 22.61M |
| ChangesInCash | 98.28M | 231.69M | 37.24M | 2.94M |
| FinancingCashFlow | 2.77B | 2.06B | 118.20M | 39.44M |
| CashFlowFromContinuingFinancingActivities | 2.77B | 2.06B | 118.20M | 39.44M |
| NetOtherFinancingCharges | 589.78M | -36.61M | -3.95M | -268.00K |
| ProceedsFromStockOptionExercised | -6.70M | -9.63M | -3.27M | -284.00K |
| CashDividendsPaid | 0.00 | -53.00K | -75.00K | -67.00K |
| PreferredStockDividendPaid | 0.00 | -53.00K | -75.00K | -67.00K |
| NetPreferredStockIssuance | 0.00 | 10.50M | 39.50M | |
| PreferredStockIssuance | 0.00 | 10.50M | 39.50M | |
| NetCommonStockIssuance | 0.00 | 254.40M | 115.00M | 557.00K |
| CommonStockIssuance | 0.00 | 254.40M | 115.00M | 557.00K |
| NetIssuancePaymentsOfDebt | 2.19B | 1.85B | 0.00 | |
| NetLongTermDebtIssuance | 2.19B | 1.85B | 0.00 | |
| LongTermDebtPayments | -1.34B | -233.00M | 0.00 | |
| LongTermDebtIssuance | 3.52B | 2.08B | 0.00 | |
| InvestingCashFlow | -2.57B | -1.75B | -40.89M | -18.53M |
| CashFlowFromContinuingInvestingActivities | -2.57B | -1.75B | -40.89M | -18.53M |
| NetOtherInvestingChanges | -6.40M | -15.16M | -7.13M | -6.43M |
| NetInvestmentPurchaseAndSale | 0.00 | |||
| SaleOfInvestment | 0.00 | |||
| PurchaseOfInvestment | 0.00 | |||
| NetPPEPurchaseAndSale | -2.57B | -1.74B | -33.75M | -12.11M |
| PurchaseOfPPE | -2.57B | -1.74B | -33.75M | -12.11M |
| OperatingCashFlow | -95.58M | -73.62M | -40.08M | -17.96M |
| CashFlowFromContinuingOperatingActivities | -95.58M | -73.62M | -40.08M | -17.96M |
| ChangeInWorkingCapital | 20.12M | -4.14M | 5.50M | 3.71M |
| ChangeInOtherCurrentLiabilities | -2.06M | -179.00K | -678.00K | -548.00K |
| ChangeInPayablesAndAccruedExpense | 23.03M | -3.02M | 6.50M | 4.44M |
| ChangeInAccruedExpense | 25.25M | -7.08M | 5.81M | 4.47M |
| ChangeInPayable | -2.22M | 4.06M | 684.00K | -26.00K |
| ChangeInAccountPayable | -2.22M | 4.06M | 684.00K | -26.00K |
| ChangeInPrepaidAssets | -854.00K | -940.00K | -314.00K | -186.00K |
| OtherNonCashItems | 65.93M | 67.82M | 354.00K | 1.42M |
| StockBasedCompensation | 19.91M | 26.55M | 7.47M | -4.31M |
| DepreciationAmortizationDepletion | 6.68M | 3.15M | 918.00K | 735.00K |
| DepreciationAndAmortization | 6.68M | 3.15M | 918.00K | 735.00K |
| Depreciation | 6.68M | 3.15M | 918.00K | 735.00K |
| OperatingGainsLosses | -485.66M | 54.64M | 5.75M | 2.53M |
| GainLossOnInvestmentSecurities | -534.98M | 50.82M | 5.75M | 2.53M |
| NetIncomeFromContinuingOperations | 277.45M | -221.64M | -60.07M | -22.04M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for NEXT
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|