NEXT Stock - NextDecade Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $-6,676,000 | $-3,148,000 | $-1,272,000 | $-2,151,000 | $-2,786,000 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-171,075,000 | $-122,668,000 | $-54,475,000 | $-19,507,000 | $-22,012,000 |
| Net Income | $-61,751,000 | $-162,261,000 | $-60,071,000 | $-22,039,000 | $-14,329,000 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-0.24 | $-0.94 | $-0.65 | $-0.34 | $-0.24 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 23rd 2025 | TD Cowen | Reiterated | Hold | $7← $8 |
| September 15th 2025 | TD Cowen | Downgrade | Hold | $8 |
| September 12th 2025 | Morgan Stanley | Downgrade | Equal Weight | $10 |
| July 25th 2025 | Seaport Research Partners | Initiation | Buy | $15 |
| June 24th 2025 | TD Cowen | Upgrade | Buy | $11 |
| June 6th 2024 | TD Cowen | Reiterated | Buy | $9← $7 |
| August 16th 2023 | Wolfe Research | Upgrade | Outperform | $8 |
| August 15th 2023 | Stifel | Upgrade | Buy | $9← $7.5 |
| July 28th 2022 | Stifel | Upgrade | Hold | $6← $4.5 |
| April 26th 2022 | Stifel | Downgrade | Sell | $4← $2 |
Earnings History & Surprises
NEXTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $-0.64 | — | — | — |
Q4 2025 | Oct 30, 2025 | $-0.32 | $-0.42 | -31.2% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $-0.23 | $-0.23 | 0.0% | = MET |
Q2 2025 | May 6, 2025 | $-0.44 | $-0.34 | +22.7% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $-0.19 | $-1.86 | -878.9% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-0.22 | $0.80 | +463.6% | ✓ BEAT |
Q3 2024 | Aug 14, 2024 | $-0.11 | $-0.39 | -254.5% | ✗ MISS |
Q2 2024 | May 9, 2024 | $-0.19 | $-0.83 | -336.8% | ✗ MISS |
Q1 2024 | Mar 11, 2024 | $-0.20 | $-0.58 | -190.0% | ✗ MISS |
Q4 2023 | Nov 13, 2023 | $-0.11 | $-0.58 | -427.3% | ✗ MISS |
Q3 2023 | Aug 14, 2023 | $-0.17 | $-0.26 | -52.9% | ✗ MISS |
Q2 2023 | May 11, 2023 | $-0.12 | $-0.23 | -91.7% | ✗ MISS |
Q1 2023 | Mar 10, 2023 | $-0.15 | $-0.18 | -20.0% | ✗ MISS |
Q4 2022 | Nov 10, 2022 | $-0.10 | $-0.19 | -90.0% | ✗ MISS |
Q3 2022 | Aug 11, 2022 | $-0.08 | $-0.13 | -62.5% | ✗ MISS |
Q2 2022 | May 12, 2022 | $-0.09 | $-0.14 | -55.6% | ✗ MISS |
Q1 2022 | Mar 28, 2022 | $-0.06 | $-0.11 | -83.3% | ✗ MISS |
Q4 2021 | Nov 10, 2021 | $-0.09 | $-0.03 | +66.7% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $-0.07 | $-0.13 | -85.7% | ✗ MISS |
Latest News
Baker Hughes Receives Order From Bechtel Energy To Provide Primary Liquefaction Equipment For Train 5 Of NextDecade's Rio Grande LNG Facility In Texas
📈 PositiveNextDecade Q3 EPS $(0.42) Misses $(0.33) Estimate
📉 NegativeNextDecade Closes Financial Transactions To Fund Train 5 At Rio Grande LNG, Issues Notice To Bechtel Energy For Train 5
📈 PositiveNextDecade CFO Brent Wahl Resigns, Effective Oct. 20; Mike Mott Named Interim Successor
📉 NegativeTD Cowen Downgrades NextDecade to Hold, Lowers Price Target to $8
📉 NegativeMorgan Stanley Downgrades NextDecade to Equal-Weight, Lowers Price Target to $10
📉 NegativeBaker Hughes To Supply Main Liquefaction Equipment For Train 4 Of NextDecade's Rio Grande LNG Facility In The Port Of Brownsville, Texas
📈 PositiveNextdecade Corporation Announces Final Investment Decision On Train 4 Of Its Rio Grande LNG Project, Securing Full Funding For Its Construction And Infrastructure
📈 PositiveNextDecade Finalizes Train 5 Commercialization With 20-Year LNG Deal To ConocoPhillips; Final Investment Decision Expected In Q4 2025
📈 PositiveNEXT stock has given up its prior gain. NextDecade shares were trading higher after the company announced it executed a 20-year liquefied natural gas sale and purchase agreement with EQT for offtake from Rio Grande LNG Train 5.
➖ NeutralNextDecade shares are trading higher after the company announced it executed a 20-year liquefied natural gas sale and purchase agreement with EQT for offtake from Rio Grande LNG Train 5.
📈 PositiveNextDecade seals 20-year deal to supply EQT with LNG from Rio Grande export plant
📈 PositiveNextDecade shares are trading higher after the company announced it executed a 20-year liquefied natural gas sale and purchase agreement with EQT for offtake from Rio Grande LNG Train 5.
📈 PositiveNextDecade Executes A 20-year Liquefied Natural Gas Sale And Purchase Agreement With EQT Corporation For Offtake From Rio Grande LNG Train 5; EQT Will Purchase 1.5M Tonnes Per Annum Of LNG For 20 Years On A Free On Board Basis At A Price Indexed To Henry Hub, Subject To NextDecade Making A Positive Final Investment Decision On Train 5
📈 PositiveNextDecade shares are trading higher following a report suggesting that EQT is in discussions about taking a supply of liquefied natural gas from NextDecade's export terminal.
📈 PositiveEQT in talks with NextDecade for LNG supply from Texas project - Bloomberg
➖ Neutral'US Gas Driller EQT Is in Talks With NextDecade for LNG Supply'- Bloomberg
📈 PositiveNextDecade surges to three-month high as TD Cowen raises to Buy
📈 PositiveFrequently Asked Questions about NEXT
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