Skip to content
NextDecade Corporation logo

NextDecade Corporation

NEXT

NextDecade Corporation is a Houston-based energy company focused on the development and construction of the Rio Grande LNG Facility, a major natural gas liquefaction and export project in south Texas.

Market cap
$1.71B-42.4%
Net income-$695.7M-351%
Free cash flow-$5.5B-102%
EPS (diluted)-$1.34-61.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
EPS estimate-$0.66

Financials

Q1 2026

Income statement

See full
Revenue-
Operating income-$55.1M-6.2%
Net income-$195.0M+20.5%
EPS (diluted)-$0.51-50.0%

Balance sheet

See full
Cash & equivalents$143.1M+9.3%
Total debt$9.5B+102%
Total equity-$30.7M-110%
Total assets$13.2B+91.9%

Cash flow

See full
Operating cash flow-$110.8M-61.0%
CapEx$1.2B+52.8%
Free cash flow-$1.3B-53.5%

Valuation & ratios

Valuation

See full
Market cap$1.71B-42.4%
Enterprise value$11.04B+35.8%

Returns & leverage

See full
Current ratio0.4×-0.4×

Competitors

Profile

NextDecade Corporation is a Houston-based energy company focused on the development and construction of the Rio Grande LNG Facility, a major natural gas liquefaction and export project in south Texas. The company aims to provide secure and cleaner energy by leveraging its proximity to the Permian Basin and Eagle Ford Shale to supply liquefied natural gas to global markets. Its core value proposition includes utilizing advanced liquefaction technology and exploring carbon capture and storage (CCS) initiatives to reduce the environmental footprint of its operations.

Competitive position

NextDecade is a significant emerging player in the U.S. LNG export market, utilizing a joint venture model with major global financial and energy partners to fund large-scale infrastructure.

GeographiesUnited States, Global Export Markets
Customer segmentsInternational Energy Markets, Industrial Utilities, Sovereign Energy Entities
Business modelInfrastructure Development, Lump-sum Turnkey Contracting, Long-term Take-or-pay Contracts
SuppliersNatural gas producers in Permian Basin and Eagle Ford Shale, Pipeline transportation providers, EPC contractors (Bechtel), Liquefaction technology providers (Honeywell)
CustomersGlobal LNG buyers, International utilities, Energy trading firms, Marine LNG carriers
Listed2015
Employees147.0
CEOMatthew K. Schatzman
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is NextDecade Corporation's market cap?
NextDecade Corporation (NEXT) has a market capitalization of $1.7B and trades on NASDAQ.
Who are NextDecade Corporation's competitors?
NextDecade Corporation's key competitors include Cheniere Energy, Inc., Targa Resources Corp., Sempra, and others. These companies compete in similar markets and product categories.
Who does NextDecade Corporation partner with?
NextDecade Corporation's notable partners include Bechtel Energy Inc., TotalEnergies SE, Saudi Aramco, and others.
What subsidiaries does NextDecade Corporation have?
NextDecade Corporation's subsidiaries include NextDecade LLC, Rio Grande LNG, LLC, Rio Grande LNG Super Holdings, LLC.
Where is NextDecade Corporation headquartered?
NextDecade Corporation is headquartered in United States of America and employs approximately 147 people. It has been publicly traded since 2015.