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NextDecade Corporation

NEXTEnergyNASDAQ

Oil & Gas Equipment & Services

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Financials · Annual
Revenue
$0
Net Income
-$306.4M
-396.2% YoY
EBITDA
-$328.0M
-207.1% YoY
Free Cash Flow
-$4.72B

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About NextDecade Corporation

NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. With a market capitalization of $2.19B, it sits in mid-cap territory. The company constructs and develops natural gas liquefaction and export facilities located in the Rio Grande Valley near Brownsville, Texas; and a carbon capture and storage project at the Rio Grande LNG Facility.

Key stats
Market Cap$2.19B
Fwd P/E118.29
EPS$-1.34
Beta1.65
52W Change+0.7%
ROE-18.6%
Analysis

NextDecade Corporation carries $9.47B in total debt against $143.1M in cash reserves — debt is roughly 66.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$4.72B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -18.6%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits.

NextDecade Corporation's elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing NEXT's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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