NextDecade/$NEXT
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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
$1.9B
-
-$1.36
1.56
-
Price and volume
Market cap
$1.9B
Beta
1.56
52-week high
$9.24
52-week low
$4.75
Average daily volume
2.3M
Financial strength
Current ratio
0.373
Quick ratio
0.049
Long term debt to equity
3.772
Total debt to equity
3.784
Interest coverage (TTM)
-0.81%
Profitability
EBITDA (TTM)
-218.38
Management effectiveness
Return on assets (TTM)
-1.23%
Return on equity (TTM)
-15.76%
Valuation
Price to book
-32.4
Price to tangible book (TTM)
-32.4
Price to free cash flow (TTM)
-0.323
Free cash flow yield (TTM)
-309.54%
Free cash flow per share (TTM)
-21.667
Growth
Earnings per share change (TTM)
70.69%
3-year earnings per share growth (CAGR)
-2.93%
Bulls say / Bears say
NextDecade’s Rio Grande LNG Phase 1 construction is progressing ahead of schedule, with first gas expected in the second half of 2026 and first LNG production targeted for the first half of 2027, underscoring strong operational execution. (Bloomberg Law)
NextDecade filed a formal FERC application for its Train 6 expansion and received a schedule for environmental review, with the final EIS due June 25, 2027, accelerating its multi-train growth pipeline. (Morningstar)
NextDecade’s subsidiary, Rio Grande LNG Intermediate HoldCo Borrower, LLC, secured a $1.0 billion term loan maturing in 2033, providing additional equity to reduce upstream borrowings and strengthening the capital structure for ongoing project development. (SEC)
NextDecade’s unit-level debt obligations include a $1.0 billion term loan carrying restrictive covenants and events of default, creating refinancing and liquidity risks if project schedules slip or market conditions deteriorate. (SEC)
NextDecade’s business success is contingent on its ability to generate sufficient cash flow to service or refinance substantial project debt obligations, creating funding risk until operations commence. (SEC)
U.S. natural gas prices hit near 17-month lows due to a domestic supply glut, compressing feedstock margins and potentially reducing the profitability of NextDecade’s future LNG exports. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2026.
Upcoming events
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NextDecade News
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Funds containing NextDecade
AllEURUSDGBP
Fund name | Fund size | $NEXT weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.01% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 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.