(NEXT) Nextdecade - Overview
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NASDAQ (USA) | Market Cap: 2.123m USD | Total Return: 4.8% in 12m
Avg Turnover: 26.3M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Interest Coverage Ratio -1.2 is critical
Altman Z'' -0.85 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
NextDecade Corporation is a Houston-based energy infrastructure company focused on the development and operation of liquefied natural gas (LNG) export terminals. Its primary asset is the Rio Grande LNG facility in Brownsville, Texas, which integrates natural gas liquefaction with a dedicated carbon capture and storage (CCS) project. The company generates revenue through the sale of LNG to international markets under long-term take-or-pay contracts.
The LNG sector operates as a critical link in the global energy supply chain, converting natural gas into a liquid state at -260°F to facilitate long-range maritime transport. This business model requires significant upfront capital expenditure for liquefaction trains and depends on the widening price spread between domestic feedgas and international spot prices. Investors may find more detailed valuation metrics and project timelines by exploring the data on ValueRay.
- Rio Grande LNG construction progress and timeline for commercial operation
- Long term sale and purchase agreements with global energy counterparties
- Final investment decision on additional liquefaction trains and capacity expansion
- Regulatory approval status for carbon capture and storage infrastructure projects
- Global natural gas price spreads and demand for US export capacity
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.43 > 0.02 and ΔFCF/TA -4.52 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.02 > 3% & CFO -211.4m > Net Income -354.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (264.9m) vs 12m ago 1.73% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.11%; Δ -0.11% > 0%) |
| Interest Coverage Ratio: -1.20 > 6 (EBITDA TTM -255.5m / Interest Expense TTM 222.1m) |
| A: -0.05 (Total Current Assets 487.5m - Total Current Liabilities 1.21b) / Total Assets 13.2b |
| B: -0.07 (Retained Earnings -896.4m / Total Assets 13.2b) |
| C: -0.03 (EBIT TTM -267.4m / Avg Total Assets 10.1b) |
| D: -0.08 (Book Value of Equity -896.3m / Total Liabilities 10.9b) |
| Altman-Z'' = -0.85 = CCC |
As of May 29, 2026, the stock is trading at USD 8.05 with a total of 2,269,657 shares traded.
Over the past week, the price has changed by -7.58%,
over one month by +8.78%,
over three months by +49.35% and
over the past year by +4.82%.
Nextdecade has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold NEXT.
- StrongBuy: 0
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 9.4 | 16.8% |
P/B = 21.7636
Revenue TTM = 0.0 USD
EBIT TTM = -267.4m USD
EBITDA TTM = -255.5m USD
Long Term Debt = 9.36b USD (from longTermDebt, last quarter)
Short Term Debt = 1.29m USD (from shortTermDebt, last quarter)
Debt = 9.59b USD (from shortLongTermDebtTotal, last quarter) + Leases 118.9m
Net Debt = 9.13b USD (calculated: Debt 9.59b - CCE 465.1m)
Enterprise Value = 11.3b USD (2.12b + Debt 9.59b - CCE 465.1m)
Interest Coverage Ratio = -1.20 (Ebit TTM -267.4m / Interest Expense TTM 222.1m)
EV/FCF = -1.96x (Enterprise Value 11.3b / FCF TTM -5.75b)
FCF Yield = -51.10% (FCF TTM -5.75b / Enterprise Value 11.3b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 12.0m) / Revenue TTM)
Tobins Q-Ratio = 0.85 (Enterprise Value 11.3b / Total Assets 13.2b)
Interest Expense / Debt = 2.31% (Interest Expense 222.1m / Debt 9.59b)
Taxrate = 21.0% (US default 21%)
NOPAT = -211.3m (EBIT -267.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.40 (Total Current Assets 487.5m / Total Current Liabilities 1.21b)
Debt / Equity = -312.4 (out of range, set to none) (Debt 9.59b / totalStockholderEquity, last quarter -30.7m)
Debt / EBITDA = -35.72 (negative EBITDA) (Net Debt 9.13b / EBITDA -255.5m)
Debt / FCF = -1.59 (negative FCF - burning cash) (Net Debt 9.13b / FCF TTM -5.75b)
Total Stockholder Equity = 119.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.52% (Net Income -354.0m / Total Assets 13.2b)
RoE = -34.84% (Net Income TTM -354.0m / Total Stockholder Equity 1.02b)
RoCE = -2.58% (EBIT -267.4m / Capital Employed (Equity 1.02b + L.T.Debt 9.36b))
RoIC = -1.80% (negative operating profit) (NOPAT -211.3m / Invested Capital 11.7b)
WACC = 3.37% (E(2.12b)/V(11.7b) * Re(10.31%) + D(9.59b)/V(11.7b) * Rd(2.31%) * (1-Tc(0.21)))
Discount Rate = 10.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 1.83%
[DCF] Fair Price = unknown (Cash Flow -5.75b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.08 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.52 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.55 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-1.25 | Chg30d=+40.80% | Revisions=-20% | GrowthEPS=-24.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.07 | Chg30d=-56.25% | Revisions=+20% | GrowthEPS=+105.6% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: -20%