NextDecade Corporation (NEXT) Stock Price & Analysis
NextDecade Corporation (NEXT) closed at USD 5.91 on Thursday, October 22, 2026, down 2.31% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 6.05; the Oct 22, 2026 session ranged USD 5.71–6.16 on volume of 3,795,887 shares. Market capitalization is $1.57B, with a 52-week range of USD 4.75–9.24 (NCM). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NEXT.md
Key facts (NEXT)
- Last four reported quarters (through Jun 30, 2026): revenue $0K, net income -$369M, free cash flow -$5.73B (SEC filings).
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 8.7 (range 7–11).
- Total return with dividends: 1Y +1.2% vs S&P 500 +14.9%; 5Y +77.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD -0.53, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NEXT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $0K | $0K | $0K | $0K | $0K | $0K |
| Operating income | -$19.5M | -$54.5M | -$123M | -$171M | -$226M | -$227M |
| Net income | -$22.0M | -$60.1M | -$222M | $277M | -$430M | -$369M |
| EPS (diluted) | -$0.34 | -$0.65 | -$0.94 | -$0.24 | -$1.17 | — |
| Free cash flow | -$30.1M | -$73.8M | -$1.81B | -$2.66B | -$5.02B | -$5.73B |
| Cash + short-term investments | — | — | $38.2M | $148M | $144M | — |
| Total debt | — | $0K | $1.82B | $4.04B | $8.83B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NEXT)
FCF yield -364.06% · Earnings yield -23.46% · Buyback yield (TTM) 1.07% · Net debt $10.3B · EV $11.9B
P/E at fiscal year-ends: Dec 2024 7.2x.
Analysts (NEXT)
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 8.7 (low 7, high 11).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-16 | Goldman Sachs | Initiated | Neutral | $8.5 |
Total return (dividends reinvested) (NEXT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.2% | +77.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.2% | +12.1% |
| Volatility (annualized) | 59.9% | 77.7% |
| Max drawdown | -35.2% (May 2026→Oct 2026) | -59.3% (Jul 2025→Jan 2026) |
NEXT company outlook (results filed Jul 28, 2017)
- “(2) factually supportable; and (3) with respect to the statement of operations, expected to have a continuing impact on the Company's results following the completion of the business combination.”
- “(2) factually supportable; and (3) with respect to the statement of operations, expected to have a continuing impact on the Company's results following the completion of the Merger.”
Quoted word-for-word from the SEC 8-K results press release.
NEXT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.53 | $-0.53 | +0.0% | $0 | 1 |
| Next quarter (ends Dec 2026) | $-0.55 | $0.00 | — | $0 | 1 |
| Current fiscal year (ends Dec 2026) | $-2.10 | $-2.10 | +0.0% | $0 | 1 |
| Next fiscal year (ends Dec 2027) | $0.93 | $0.07 | +1330.8% | $2.45B | 1 |
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 5.91 |
|---|---|
| Change | ▼ 2.31% (down) |
| Previous Close | USD 6.05 |
| Open | USD 6.05 |
| Day Range | USD 5.71 – 6.16 |
| 52-Week Range | USD 4.75 – 9.24 |
| Volume | 3,795,887 shares |
| Market Cap | $1.57B |
| Exchange | NCM |
Technical Analysis (NEXT)
Nexqual's technical model rates NEXT "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.42 (neutral) |
| vs SMA50 | Below (USD 6.88) |
| MACD | -0.23 (negative) |
Analyst Ratings (NEXT)
Wall Street analysts rate NEXT "Hold" based on 5 analysts, with a mean price target of USD 8.7 (range USD 7–11), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 8.7 |
| High Target | USD 11 |
| Low Target | USD 7 |
| Buy / Hold / Sell | 2 / 3 / 0 |
Earnings (NEXT)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD -0.53 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.56 vs est -0.5 ▼ miss |
| 2026-03-31 | USD -0.51 vs est -0.49 ▼ miss |
| 2025-12-31 | USD -0.89 vs est -0.61 ▼ miss |
| 2025-09-30 | USD -0.13 vs est -0.54 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (NEXT)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -15.76% |
| Debt / Equity | 3.78 |
| Current Ratio | 0.37 |
| Total Cash | $83.68M |
| Total Debt | $10.66B |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (NEXT)
Nexqual rates NextDecade Corporation's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Critical — $84M cash and investments vs $10.4B debt (Jun 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$169M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -16%, ROA -1.2% |
Ownership (NEXT)
| Insider Ownership | +45.55% |
|---|---|
| Institutional Ownership | +43.19% |
| Shares Outstanding | 266.19M |
| Float | 129.75M |
| Short % of Float | +15.43% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (NEXT)
NextDecade Corporation is led by Matthew K. Schatzman, Chairman & CEO, per Nexqual as of October 23, 2026 at 10:07 UTC.
| Chairman & CEO | Matthew K. Schatzman |
|---|---|
| Chief Operating Officer | Tarik Skeik |
| Senior Vice President of Enterprise Transformation | Michael Reed Mott |
| Chief Financial Officer | John D. Zuklic |
| Executive Vice President of Human Resources & Administration | Raquel Couri |
Major Backers & Investors (NEXT)
Notable institutional backers of NextDecade Corporation include Mubadala Investment Co PJSC, Man Investment Partners (us) LP, Catalyst Capital Advisors LLC, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mubadala Investment Co PJSC | 5.34% |
| Man Investment Partners (us) LP | 3.48% |
| Catalyst Capital Advisors LLC | 1.96% |
| MUTUAL FUND SERIES TRUST-Catalyst Energy Infrastructure Fund | 1.96% |
| Millennium Management | 0.85% |
| Neos Investment Management LLC | 0.81% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.95% |
| Vanguard Group | 3.01% |
| Geode Capital | 1.6% |
| State Street | 1.43% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From NextDecade Corporation's Latest SEC 10-K Filing (filed 2026-03-02)
Partnerships
- Pursuant to a joint venture agreement with equity partners for ownership of Train 4 at the Rio Grande LNG Facility, we expect to receive 40% of distributions of available cash generated from Train 4 operations, which will increase to 60% when the equity partners receive a certain return on their investments in Train 4.
Legal & Regulatory Risks (Item 1A, quoted)
- The construction and operation of the Rio Grande LNG Facility remains subject to further governmental approvals, and some approvals may be subject to further conditions, review and/or revocation and other legal and regulatory risks, which may result in delays, increased costs or decreased cash flows.
- The Rio Grande LNG Facility will be subject to a number of environmental laws and regulations that impose significant compliance costs, and existing and future environmental and similar laws and regulations could result in increased compliance costs, liabilities or additional operating restrictions.
- Our ability to utilize our net operating loss carryforwards ("NOLs") may be limited as a result of ownership changes under Section 382 of the Code.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt