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NextDecade Corporation NEXT Non-Controlling Interests

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Other financials

Income statement

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

Balance sheet

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

Cash flow

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

Valuation

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Market cap$1.78B-36.4%
Enterprise value$11.11B+39.6%

Returns & leverage

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Return on equity-4.7%-2.3pp
Debt / equity90.8×+80.0×
Current ratio0.4×-0.4×

Where this comes from

Reported directly by NextDecade Corporation in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The source filing: NextDecade Corporation’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:40 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001612720-26-000026
Line itemMarch 31, 2026December 31, 2025
Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding
Additional paid-in-capital903,508893,131
Accumulated deficit(896,363)(759,957)
Total stockholders’ equity(30,708)95,338
Non-controlling interests2,390,8522,205,749
Total equity2,360,1442,301,087
Total liabilities and equity$13,231,740$12,425,828
(1) Amounts presented include balances held by our consolidated variable interest entities, Phase 1 Holdings, Train 4 Holdings, and Train 5 Holdings, as further discussed in Note 7 — Variable Interest Entities.

Item 1. Financial Statements

FAQ

What is NextDecade Corporation's non-controlling interests?
NextDecade Corporation (NEXT) reported non-controlling interests of $2.39B in Q1 2026.
How has NextDecade Corporation's non-controlling interests changed year-over-year?
NextDecade Corporation's non-controlling interests increased by 68.2% year-over-year, from $1.42B to $2.39B.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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