Overview Dividends

(NXG) NXG NextGen Infrastructure - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: (N/A)

Energy, Midstream, Downstream, Services, Logistics

Asset Management & Custody Banks
Market Cap in USD: 220m

IPO / Inception: 2022-11-01
Return 12m vs S&P 500: -3.48%

EPS (Earnings per Share)

Revenue

Rev. CAGR: -44.31%
Rev. Trend: -37.4%

Qual. Beats: 0

Dividends

Dividend Yield	14.03%
Yield on Cost 5y	33.24%
Yield CAGR 5y	36.66%
Payout Consistency	96.3%
Payout Ratio	77.5%

Risk via 10d forecast
Volatility	34.3%
Value at Risk 5%th	50.9%
Relative Tail Risk	-9.65%

Reward TTM
Sharpe Ratio	0.44
Alpha	1.86
CAGR/Max DD	0.80

Character TTM
Hurst Exponent	0.448
Beta	0.808
Beta Downside	0.945

Drawdowns 3y
Max DD	26.18%
Mean DD	7.41%
Median DD	6.56%

Description: NXG NXG NextGen Infrastructure October 29, 2025

NXG NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-ended equity fund launched in 2012 by Cushing MLP Asset Management. It targets a broad slice of the energy value chain-upstream producers, midstream transport and storage, downstream refiners, as well as oil-field services, logistics, and energy-intensive industrial firms such as chemicals, metals, and construction-engineering companies.

As of the most recent quarterly filing (Q2 2024), the fund reported a net asset value (NAV) of roughly $20 per share and an annualized distribution yield near 7.5 %. Its top ten holdings are heavily weighted toward midstream operators (e.g., Kinder Morgan, Enbridge) and service providers that benefit from sustained U.S. crude-oil production growth and the ongoing shift toward higher-margin, fee-based transportation contracts.

Key drivers of performance include (1) crude-oil price volatility, which influences midstream fee revenue stability; (2) U.S. infrastructure spending, projected to exceed $1 trillion through 2027, bolstering demand for construction and engineering firms; and (3) ESG-related capital allocation, as investors increasingly favor infrastructure assets with lower carbon footprints. For a deeper dive into the fund’s valuation metrics and peer comparison, the ValueRay platform offers a transparent, data-first overview.

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (43.9m TTM) > 0 and > 6% of Revenue (6% = 3.94m TTM)

FCFTA 1.15 (>2.0%) and ΔFCFTA 59.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 0.51% (prev 0.83%; Δ -0.31pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 1.15 (>3.0%) and CFO 279.8m > Net Income 43.9m (YES >=105%, WARN >=100%)

Net Debt (53.8m) to EBITDA (49.9m) ratio: 1.08 <= 3.0 (WARN <= 3.5)

Current Ratio 2.06 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (4.18m) change vs 12m ago 57.09% (target <= -2.0% for YES)

Gross Margin 91.95% (prev 88.58%; Δ 3.38pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 32.84% (prev 26.25%; Δ 6.59pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 18.07 (EBITDA TTM 49.9m / Interest Expense TTM 1.26m) >= 6 (WARN >= 3)

Altman Z'' 1.23

(A) 0.00 = (Total Current Assets 656.5k - Total Current Liabilities 318.9k) / Total Assets 242.8m

(B) 0.06 = Retained Earnings (Balance) 13.7m / Total Assets 242.8m

(D) 0.25 = Book Value of Equity 13.7m / Total Liabilities 54.5m

Total Rating: 1.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.44

1. Piotroski 7.50pt

2. FCF Yield 102.5%

3. FCF Margin data missing

4. Debt/Equity 0.29

5. Debt/Ebitda 1.08

6. ROIC - WACC (= 1.70)%

7. RoE 30.01%

8. Rev. Trend -37.43%

10. EPS Trend data missing

What is the price of NXG shares?

As of November 28, 2025, the stock is trading at USD 49.38 with a total of 30,600 shares traded.
Over the past week, the price has changed by +3.13%, over one month by +1.38%, over three months by +8.72% and over the past year by +10.89%.

Is NXG a buy, sell or hold?

NXG NextGen Infrastructure has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold NXG.

Strong Buy: 0
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NXG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	65.3	32.2%

NXG Fundamental Data Overview November 24, 2025

Market Cap USD = 220.0m (220.0m USD * 1.0 USD.USD)
P/E Trailing = 5.8472
P/S = 5.4784
P/B = 1.1679
Beta = None
Revenue TTM = 65.6m USD
EBIT TTM = 22.8m USD
EBITDA TTM = 49.9m USD
Long Term Debt = unknown (none)
Short Term Debt = 54.8m USD (from shortTermDebt, last fiscal year)
Debt = 53.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 53.8m USD (from netDebt column, last quarter)
Enterprise Value = 272.9m USD (220.0m + Debt 53.8m - CCE 934.1k)
Interest Coverage Ratio = 18.07 (Ebit TTM 22.8m / Interest Expense TTM 1.26m)
FCF Yield = 102.5% (FCF TTM 279.8m / Enterprise Value 272.9m)
FCF Margin = 426.5% (FCF TTM 279.8m / Revenue TTM 65.6m)
Net Margin = 66.97% (Net Income TTM 43.9m / Revenue TTM 65.6m)
Gross Margin = 91.95% ((Revenue TTM 65.6m - Cost of Revenue TTM 5.28m) / Revenue TTM)
Gross Margin QoQ = -0.19% (prev 81.08%)
Tobins Q-Ratio = 1.12 (Enterprise Value 272.9m / Total Assets 242.8m)
Interest Expense / Debt = 2.35% (Interest Expense 1.26m / Debt 53.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 18.0m (EBIT 22.8m * (1 - 21.00%))
Current Ratio = 2.06 (Total Current Assets 656.5k / Total Current Liabilities 318.9k)
Debt / Equity = 0.29 (Debt 53.8m / totalStockholderEquity, last quarter 188.4m)
Debt / EBITDA = 1.08 (Net Debt 53.8m / EBITDA 49.9m)
Debt / FCF = 0.19 (Net Debt 53.8m / FCF TTM 279.8m)
Total Stockholder Equity = 146.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 18.09% (Net Income 43.9m / Total Assets 242.8m)
RoE = 30.01% (Net Income TTM 43.9m / Total Stockholder Equity 146.4m)
RoCE = 9.41% (EBIT 22.8m / Capital Employed (Total Assets 242.8m - Current Liab 318.9k))
RoIC = 9.29% (NOPAT 18.0m / Invested Capital 194.2m)
WACC = 7.59% (E(220.0m)/V(273.8m) * Re(8.99%) + D(53.8m)/V(273.8m) * Rd(2.35%) * (1-Tc(0.21)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 26.72%
[DCF Debug] Terminal Value 75.42% ; FCFE base≈202.7m ; Y1≈209.4m ; Y5≈237.0m
Fair Price DCF = 763.8 (DCF Value 3.51b / Shares Outstanding 4.60m; 5y FCF grow 3.35% → 3.0% )
Revenue Correlation: -37.43 | Revenue CAGR: -44.31% | SUE: N/A | # QB: 0

Additional Sources for NXG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle