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

-169.40M

Operating Cash Flow

77%

3Y+323.0%

5Y+545.0%

10Y+34962.0%

-4.85B

Investing Cash Flow

89%

3Y+11769.0%

5Y-26302.0%

10Y-3977369.0%

5.34B

Financing Cash Flow

93%

3Y+4415.0%

5Y+36442.0%

10Y+8894278.0%

NextDecade Corporation Cash Conversion Engine

NEXT · NASDAQ

FCF Components

Net Income-429.64M

Depreciation & Amortization1.78M

Stock-Based Compensation39.21M

Change in Working Capital36.82M

Others182.42M

Capital Expenditures-4.85B

Free Cash Flow-5.02B

Cash Flow Quality Analysis

FCF Conversion Rate

1167.5%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-2861.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-88.3%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$36.82M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

NextDecade Corporation Cash Flow Statement

NEXT • NASDAQ

NextDecade Corporation Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
OPERATING ACTIVITIES
Net Income	-429.6M	277.4M	-221.6M	-60.1M	-22M	-14.3M	-35.9M	-42M	-35.3M	-434.7K	-263.2K	-2.9K
Depreciation & Amortization	1.8M	6.7M	3.1M	918K	735K	1.4M	1.2M	171K	106K	100K	80.0	74.0
Change in Deferred Taxes	0.0	0.0	0.0	0.0	0.0	0.0	2.4M	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	39.2M	19.9M	26.6M	7.5M	-4.3M	-341K	-9.6M	16.8M	22.7M	0.0	0.0	687.0
Other Non-Cash Items	182.4M	-419.7M	122.5M	6.1M	3.9M	-6.1M	127K	-50K	22.9M	-254.7K	-74.9K	53.0
Change in Working Capital	36.8M	20.1M	-4.1M	5.5M	3.7M	-6.9M	1.1M	1.7M	-303K	206.3K	-95.8K	-127.0
Cash from Operating Activities	-169.4M	-95.6M	-73.6M	-40.1M	-18M	-26.3M	-40.7M	-23.3M	-12.8M	-483.1K	-433.9K	-2.2K
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	-2.6B	-1.7B	-33.8M	-12.1M	-32.4M	-20.3M	-18.7M	-14.8M	-19.4M	-33.2K	-392.0
Acquisitions, Net	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(18.7M)	(26.8M)	(0.0)	(0.0)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-188K	-66.5M	-84.6M	-79K	-5M	-117.3M	(0.0)
Sale/Maturity of Investments	0.0	0.0	0.0	0.0	0.0	62M	77M	17.1M	0.0	122K	0.0	0.0
Other Investing Items	-4.9B	-6.4M	-15.2M	-7.1M	-6.4M	-10.9M	-6.9M	-18.7M	26.8M	122K	-117.3M	0.0
Cash from Investing Activities	-4.9B	-2.6B	-1.8B	-40.9M	-18.5M	(18.5M)	-16.7M	-86.2M	(11.9M)	(122K)	-117.3M	-392.0
FINANCING ACTIVITIES
Net Issuance of Common Stock	-16.9M	-6.7M	254.4M	115M	557K	0.0	70.9M	79.1M	30.1M	0.0	118.2M	0.0
Net Issuance of Debt	4.7B	2.2B	1.9B	0.0	0.0	0.0	0.0	0.0	0.0	60K	0.0	0.0
Cash Paid for Dividends	(0.0)	(0.0)	-53K	-75K	-67K	-50K	-42K	-4.0	(0.0)	(0.0)	-1K	-1.1K
Share Repurchases	-16.9M	-6.7M	(0.0)	(0.0)	(0.0)	(0.0)	-650K	-35K	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	668.2M	589.8M	-46.2M	-7.2M	-552K	14.7M	0.0	0.0	0.0	0.0	119.1M	4K
Cash from Financing Activities	5.3B	2.8B	2.1B	118.2M	39.4M	14.6M	70K	76.9K	50.9K	60K	118.1M	2.9K
CASH FLOW SUMMARY
Net Change in Cash	314.3M	98.3M	231.7M	37.2M	2.9M	6.9M	12.6M	-32.5M	23.2M	-301.1K	323.9K	341.0
Cash at Beginning of Period	392.8M	294.5M	62.8M	25.6M	22.6M	15.7M	3.2M	35.7M	12.5M	325K	1.1K	15.0
Cash at End of Period	707.1M	392.8M	294.5M	62.8M	25.6M	22.6M	15.7M	3.2M	35.7M	23.9K	325K	356.0
Free Cash Flow	-5B	-2.7B	-1.8B	-73.8M	-30.1M	-58.6M	-61M	-41.9M	-27.7M	-19.9M	-467.1K	-2.6K

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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