NEXT - NASDAQ

NextDecade Corporation

NEXT·NASDAQ

$8.54

+1.2%

EnergyOil & Gas Exploration & Production

NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural gas (LNG); and capture and storage of CO2 emissions. The company focuses on the development activities on the Rio Grande LNG terminal facility located in the Port of Brownsville in southern Texas. It also focuses on a carbon capture and storage project (CCS project) at the terminal, as well as on other CCS projects with third-party industrial source facilities. The company was founded in 2010 is based in Houston, Texas.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.26B

EPS-1.1700

P/E Ratio-7.30

Earnings Date06/03/2026

12.43B

Assets

94%

3Y+3877.0%

5Y+6062.0%

10Y+10471.0%

10.12B

Total Liabilities

117%

3Y+18105.0%

5Y+34894.0%

10Y+224102.0%

2.30B

Total Equity

32%

3Y+796.0%

5Y+1232.0%

10Y+1936.0%

NextDecade Corporation Funding & Solvency Profile

NEXT · NASDAQ

Current Assets

Cash & Cash Equivalents143.78M

Net Receivables0.00

Inventory0.00

Other Current Assets574.27M

Total Current Assets718 M

Non-Current Assets

Property, Plant & Equipment10.73B

Goodwill & Intangible Assets0.00

Long-Term Investments532.25M

Other Non-Current Assets444.73M

Total Non-Current Assets12 B

Total Assets

12.43B

Financial Health Analysis

Current Ratio

0.54x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

4.40x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-617981000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

6% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

NextDecade Corporation Balance Sheet

NEXT • NASDAQ

NextDecade Corporation Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	143.8M	148.1M	38.2M	62.8M	25.6M	22.6M	15.7M	3.2M	35.7M	23.9K	325K	1.1K
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	62.2M	72.5M	5.1M	0.0	0.0	0.0
Cash & Short-Term Investments	143.8M	148.1M	38.2M	62.8M	25.6M	22.6M	77.9M	75.6M	40.8M	23.9K	325K	1.1K
Prepaids	0.0	0.0	2.1M	1M	521K	403K	478K	475K	263K	20.4K	46.7K	0.0
Other Current Assets	574.3M	264.4M	274.2M	107K	314K	267K	381K	835K	1.8M	0.0	0.0	0.0
Total Current Assets	718M	412.6M	314.5M	63.9M	26.4M	23.3M	78.8M	76.9M	42.9M	44.3K	371.7K	1.1K
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	10.7B	5.2B	2.6B	220.1M	174.4M	162.1M	135.6M	92.1M	73.2M	56.2M	0.0	1.4M
Intangible Assets	0.0	0.0	0.0	0.0	354K	1.8M	3.2K	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	0.0	0.0	0.0	0.0	354K	1.8M	3.2K	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	532.2M	472.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	444.7M	333.3M	393.2M	28.4M	21M	14.5M	6.7M	0.0	0.0	61.3M	117.4M	-1.3M
Total Non-Current Assets	11.7B	6B	3B	248.5M	195.7M	178.4M	142.4M	92.1M	73.2M	117.5M	117.4M	115.8K
Total Assets	12.4B	6.4B	3.3B	312.4M	222.1M	201.7M	221.2M	169M	116.1M	117.6M	117.8M	116.9K
LIABILITIES
CURRENT LIABILITIES
Total Payables	443.9M	244.6M	243.1M	1.1M	281K	207K	11.9M	719K	726K	130.9K	17.3K	43.2K
Accounts Payable	443.9M	244.6M	243.1M	1.1M	281K	207K	11.9M	719K	726K	130.9K	17.3K	43.2K
Accrued Expenses	0.0	334.1M	30.4M	11.1M	5M	564K	4.5M	9.4M	4.4M	2M	0.0	0.0
Short Term Debt	3.9M	0.0	0.0	0.0	0.0	0.0	698K	0.0	0.0	0.0	0.0	50K
Capital Lease Obligations (Current)	0.0	2.9M	3.1M	1.1M	596K	432K	698K	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-218K
Other Current Liabilities	888.2M	13.4M	275.7M	12M	2.3M	3.9M	3.7M	2M	3.3M	-2M	0.0	0.0
Total Current Liabilities	1.3B	595.1M	552.4M	25.4M	8.2M	5.1M	21.5M	12.1M	8.4M	130.9K	17.3K	93.2K
NON-CURRENT LIABILITIES
Long Term Debt	8.5B	3.9B	1.8B	0.0	0.0	0.0	0.0	0.0	0.0	60K	0.0	0.0
Other Non-Current Liabilities	135.5M	0.0	68.7M	29.8M	25.6M	23.8M	12M	7.4M	4.6M	4.3M	4.3M	0.0
Total Non-Current Liabilities	8.8B	4.1B	2B	30.3M	25.6M	23.8M	12M	7.4M	4.6M	4.4M	4.3M	50K
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-50K
Capital Lease Obligations	142.3M	147M	149.1M	1.6M	596K	432K	701K	0.0	0.0	0.0	0.0	0.0
Total Liabilities	10.1B	4.7B	2.6B	55.6M	33.8M	28.9M	33.6M	19.5M	13M	4.5M	4.3M	93.2K
SHAREHOLDERS' EQUITY
Treasury Stock	-37.9M	-20.9M	-14.2M	-4.6M	-1.3M	-1M	-685K	-35K	0.0	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	202.4M	168.4M	112.3M	97.9M	66.3M	0.0	27K	0.0	0.0
Common Stock	26K	26K	26K	14K	12K	12K	12K	11K	11K	108M	108M	303.0
Additional Paid-In Capital	893.1M	852.1M	693.9M	289.1M	191.3M	209.5M	224.1M	180.9M	158.7M	5.7M	5.7M	24.7K
Retained Earnings	-760M	-453.5M	-391.8M	-230.1M	-170.1M	-148M	-133.7M	-97.6M	-55.6M	-699.2K	-264.5K	-1.3K
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-66.3M	-40K	-27K	0.0	0.0
Total Stockholders' Equity	95.3M	377.6M	287.9M	256.8M	188.3M	172.7M	187.6M	149.5M	103.1M	113M	113.5M	23.7K
Total Equity	2.3B	1.7B	740.4M	256.8M	188.3M	172.7M	187.6M	149.5M	103.1M	113M	113.5M	23.7K
Minority Interest	2.2B	1.4B	452.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	12.4B	6.4B	3.3B	312.4M	222.1M	201.7M	221.2M	169M	116.1M	117.6M	117.8M	116.9K
Total Investments	532.2M	472.1M	0.0	0.0	0.0	0.0	62.2M	72.5M	5.1M	0.0	0.0	0.0
Total Debt	8.7B	4.1B	2B	1.6M	596K	432K	701K	0.0	0.0	60K	0.0	50K
Net Debt	8.5B	3.9B	1.9B	-61.2M	-25M	-22.2M	-15M	-3.2M	-35.7M	36.1K	-325K	48.9K
Shares Outstanding	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720	264,730,720

SEC Filings

NEXT - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 03, 2026	June 03, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 15, 2026	April 15, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 02, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 18, 2025	November 17, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	October 30, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 16, 2025	October 13, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 08, 2025	October 06, 2025	2025	View Filing
8-K 8-K 2025 N/A	September 10, 2025	September 09, 2025	2025	View Filing

Showing 1 to 10 of 222 filings

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