NEXT's balance sheet has expanded from roughly $4.8B to $17.8B in total assets over ten quarters, with net PP&E of $15.6B at 2026Q3, yet the company reports no revenue and has posted operating losses in every quarter, ranging from -$39.5M to -$82.9M.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | -$0.54+24.2% vs -$0.71 | — vs — |
Q3 2026 Jul 30, 2026 | -$0.25+62.1% vs -$0.66 | — vs — |
Q2 2026 May 1, 2026 | -$0.66+0.2% vs -$0.66 | — vs — |
Q2 2026 Mar 2, 2026 | -$0.18+73.5% vs -$0.68 | — vs — |
NextDecade (NEXT) remains a speculative buy as Rio Grande LNG construction advances and the stock price declines, improving risk/reward. Management projects $2–2.4 billion in project cash flow from Train 1 to Q2 2031, but actual results hinge on LNG market margins. Debt stands at $11.3 billion, with early earnings likely directed toward debt reduction rather than shareholder returns or dividends.
NextDecade Corporation ( NEXT ) Q3 2026 Earnings Call October 29, 2026 1:00 PM EDT Company Participants Megan Light - Vice President of Investor Relations Matthew Schatzman - Chairman & CEO John Zuklic - Chief Financial Officer Conference Call Participants Olivia Halferty Foster - Goldman Sachs Group, Inc., Research Division Douglas Irwin - Citigroup Inc., Research Division Jason Gabelman - TD Cowen, Research Division Wade Suki - Capital One Securities, Inc., Research Division Alexander Bidwell - Webber Research & Advisory LLC Craig Shere - Tuohy Brothers Investment Research, Inc. Presentation Operator Good morning, and welcome to the NextDecade Corporation's Third Quarter 2026 Investor Call and webcast. [Operator Instructions] As a reminder, this conference is being recorded.
NextDecade NASDAQ: NEXT said construction of its Rio Grande LNG project remained on budget and ahead of schedule in the third quarter, as the company narrowed its timing outlook for first liquefied natural gas production from Train 1 to the second quarter of 2027.
HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (“NextDecade,” “we,” or the “Company”) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter of 2026. CEO Commentary “During the third quarter, we maintained strong momentum on Rio Grande LNG Phase 1 as we continued to advance construction and commissioning activities safely, on budget, and ahead of schedule,” said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. “The progress achi.
Benchmark NEXT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nextdecade Corp (NEXT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.80 | $1.54B | -17.39 | — | — | -3.34% | — | |
| $4.49 | $25.65M | -0.01 | -36.4% | -152.84% | -815.76% | 13.88% | |
| $43.07 | $4.38B | 26.86 | 51.14% | 31.27% | 7.51% | 7.01% | |
| $1.91 | $420.63M | -5.54 | 2.56% | -16.96% | -13.49% | — | |
| $277.95 | $58.24B | 18.93 | 24.44% | 12.67% | 26.88% | 0.74% | |
| $57.36 | $27.77B | 8.51 | 23.6% | 27.97% | 614.21% | 7.43% |
Nextdecade Corp (NEXT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Nextdecade Corp (NEXT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 1, 2026·SEC
Jul 2, 2026·SEC
Jun 18, 2026·SEC
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Nextdecade Corp (NEXT) stock FAQ — growth, dividends, profitability & financials explained
No. Nextdecade Corp (NEXT) reported a net loss of $93.7M over the trailing twelve months.
Nextdecade Corp (NEXT) had a return on equity (ROE) of -3.3% over the trailing twelve months. A negative ROE means the company lost money over the period.
Nextdecade Corp (NEXT) had negative free cash flow of $3.50B over the trailing twelve months.
