NextDecade/$NEXT
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About NextDecade
NextDecade Corp is a Houston-based energy company engaged in construction and development activities related to the liquefaction of natural gas, the sale of LNG, and the capture and storage of CO2 emissions. The group is constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley near Brownsville, Texas (the Rio Grande LNG Facility). It also engaged in NEXT Carbon Solutions, advancing proprietary processes to lower the cost of utilizing carbon capture and storage (CCS) and help companies reduce their emissions and achieve their clean energy goals.
- Ticker
- $NEXT
- Sector
- Energy
- Primary listing
- NASDAQ
- Employees
- 360
- Headquarters
- Houston, United States
- Website
- www.next-decade.com
NextDecade Metrics
BasicAdvanced
$1.6B
-
-$0.35
1.39
-
Price and volume
Market cap
$1.6B
Beta
1.39
52-week high
$9.24
52-week low
$4.75
Average daily volume
3.1M
Financial strength
Current ratio
0.356
Quick ratio
0.072
Long term debt to equity
3.234
Total debt to equity
3.252
Interest coverage (TTM)
-0.78%
Profitability
EBITDA (TTM)
-215.25
Management effectiveness
Return on assets (TTM)
-1.09%
Return on equity (TTM)
13.60%
Valuation
Price to book
14.04
Price to tangible book (TTM)
14.04
Price to free cash flow (TTM)
-0.289
Free cash flow yield (TTM)
-346.03%
Free cash flow per share (TTM)
-20.243
Growth
Earnings per share change (TTM)
-52.36%
3-year earnings per share growth (CAGR)
-9.41%
What the Analysts think about NextDecade
Analyst ratings (Buy, Hold, Sell) for NextDecade stock.
Analyst projections of the future price of NextDecade stock.
Bulls say / Bears say
Trains 1 and 2 were 79.7% complete by September, and first LNG production is expected in Q2 2027. That is a quarter ahead of Train 1’s guaranteed substantial-completion schedule. (NextDecade Corporation)
NextDecade forecasts average implied margins above $6 per MMBtu on uncontracted early volumes at current forward prices, more than $1 above its base case. That could add meaningful upside as the trains start up. (NextDecade Corporation)
Rio Grande’s approved capacity increase from 27 to 30.15 MTPA, plus Army Corps authorisation for Train 6, creates room for further growth beyond the five trains under construction. NextDecade is targeting a Train 6 final investment decision in the second half of 2027. (NextDecade Corporation)
The project remains capital-intensive and pre-revenue. At June-end, debt was over $10.3bn against $500m of cash and restricted cash, while first-half investment outflow was $2.2bn; future funding may be costly or dilute shareholders. (StockTitan)
Rio Grande sought to extend its federal construction deadline to November 2031, saying FERC rehearings and remands had delayed financing and construction. The filing put Train 5 service in Q2 2031, leaving a long execution runway despite the improved near-term schedule. (Federal Register)
Some early and excess LNG volumes will be sold through spot or short- and medium-term deals rather than long-term contracts. The forecast of margins above $6 per MMBtu depends on current forward prices, so weaker LNG prices or gas spreads could reduce that upside. (NextDecade Corporation, StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.
NextDecade Financial Performance
Revenues and expenses
NextDecade Earnings Performance
Company profitability
Upcoming events
No upcoming events
NextDecade News
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Funds containing NextDecade
Fund name | Fund size | $NEXT weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | $9B | 0.01% |
iShares MSCI World Small Cap£WLDS | $9B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.