NextDecade Corporation (NEXT)Energy | Oil & Gas Equipment & Services | Houston, United States | NasdaqCM
6.80 USD
+0.12
(1.796%)
⇧
(Oct. 13, 2026, 4 p.m.
EDT)
After hours: 6.75 -0.05 (-0.048%) ⇩ (Oct. 13, 2026, 7:36 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 1:44 a.m. EDT
The investment case for NextDecade is currently broken by a catastrophic balance sheet and a lack of shareholder returns. The company is drowning in debt, with liabilities exceeding $10 billion against a tiny market cap, resulting in a negative book value and negative free cash flow. This financial distress is priced into the stock, which has underperformed significantly over the last nine years despite some recent operational gains. There is no dividend to provide income, and the capital structure is too fragile to support aggressive expansion without diluting existing shareholders. While the long-term LNG project offers a potential turnaround story, the immediate reality is a highly leveraged entity burning cash. On the short end, the options market confirms this pessimism, with traders buying insurance (puts) far more aggressively than they are betting on a bounce. Until the debt load is managed or cash flow turns positive, this remains a speculative hold with severe downside risks. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.123593 |
| AutoETS | 0.129810 |
| AutoARIMA | 0.129814 |
| AutoTheta | 0.130302 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 1.79 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.303 |
| Excess Kurtosis | -1.13 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Debt to Equity Ratio | 378.442 |
| Market Cap | 1,810,061,056 |
| Forward P/E | 45.33 |
| Beta | 1.54 |
| Website | https://www.next-decade.com |
As of Oct. 10, 2026, 1:44 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive put volume and open interest relative to calls across nearly all expirations. The 'Top OI' strikes for puts are consistently deep in-the-money or at-the-money (e.g., $5.00 and $6.00 strikes), while call open interest is negligible. This asymmetry indicates a market consensus expecting further price weakness rather than a rally.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.08090615 |
| Address1 | 1,000 Louisiana Street |
| Address2 | Suite 3300 |
| All Time High | 20.0 |
| All Time Low | 1.115 |
| Ask | 8.49 |
| Ask Size | 2 |
| Audit Risk | 9 |
| Average Daily Volume10 Day | 2,467,450 |
| Average Daily Volume3 Month | 2,603,273 |
| Average Volume | 2,603,273 |
| Average Volume10Days | 2,467,450 |
| Beta | 1.537 |
| Bid | 4.9 |
| Bid Size | 2 |
| Board Risk | 9 |
| Book Value | -0.216 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 6.8 |
| Current Ratio | 0.373 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 6.88 |
| Day Low | 6.6 |
| Debt To Equity | 378.442 |
| Display Name | NextDecade |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,304,000 |
| Earnings Call Timestamp Start | 1,793,304,000 |
| Earnings Timestamp | 1,793,277,000 |
| Earnings Timestamp End | 1,793,277,000 |
| Earnings Timestamp Start | 1,793,277,000 |
| Ebitda | -218,380,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -69.876 |
| Enterprise Value | 15,259,464,704 |
| Eps Current Year | -2.1 |
| Eps Forward | 0.15 |
| Eps Trailing Twelve Months | -1.35 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.9639 |
| Fifty Day Average Change | -0.1638999 |
| Fifty Day Average Change Percent | -0.023535648 |
| Fifty Two Week Change Percent | 8.090615 |
| Fifty Two Week High | 9.24 |
| Fifty Two Week High Change | -2.4399996 |
| Fifty Two Week High Change Percent | -0.26406923 |
| Fifty Two Week Low | 4.75 |
| Fifty Two Week Low Change | 2.0500002 |
| Fifty Two Week Low Change Percent | 0.431579 |
| Fifty Two Week Range | 4.75 - 9.24 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,434,461,400,000 |
| Float Shares | 129,826,621 |
| Forward Eps | 0.15 |
| Forward P E | 45.333332 |
| Free Cashflow | -4,916,956,672 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 360 |
| Fullday Change | 0.071700096 |
| Fullday Change Percent | 1.0733547 |
| Fullday Price | 6.8 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.45578998 |
| Held Percent Institutions | 0.43212003 |
| Implied Shares Outstanding | 266,185,433 |
| Industry | Oil & Gas Equipment & Services |
| Industry Disp | Oil & Gas Equipment & Services |
| Industry Key | oil-gas-equipment-services |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. 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. It is also involved in the sale of LNG. NextDecade Corporation was founded in 2010 and is based in Houston, Texas. |
| Long Name | NextDecade Corporation |
| Market | us_market |
| Market Cap | 1,810,061,056 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_137351668 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -358,593,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,780,780,546 |
| Number Of Analyst Opinions | 5 |
| Open | 6.685 |
| Operating Cashflow | -224,691,008 |
| Operating Margins | 0.0 |
| Overall Risk | 7 |
| Phone | 713 574 1880 |
| Post Market Change | -0.048300266 |
| Post Market Change Percent | -0.710298 |
| Post Market Price | 6.7517 |
| Post Market Time | 1,791,934,573 |
| Previous Close | 6.68 |
| Price Eps Current Year | -3.2380955 |
| Price Hint | 2 |
| Price To Book | -31.481482 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.049 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.12 |
| Regular Market Change Percent | 1.79641 |
| Regular Market Day High | 6.88 |
| Regular Market Day Low | 6.6 |
| Regular Market Day Range | 6.6 - 6.88 |
| Regular Market Open | 6.685 |
| Regular Market Previous Close | 6.68 |
| Regular Market Price | 6.8 |
| Regular Market Time | 1,791,921,600 |
| Regular Market Volume | 2,139,010 |
| Return On Assets | -0.01232 |
| Return On Equity | -0.15762 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 266,185,433 |
| Shares Percent Shares Out | 0.0856 |
| Shares Short | 22,786,665 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 21,595,409 |
| Short Name | NextDecade Corporation |
| Short Percent Of Float | 0.1543 |
| Short Ratio | 9.07 |
| Source Interval | 15 |
| State | TX |
| Symbol | NEXT |
| Target High Price | 11.0 |
| Target Low Price | 7.0 |
| Target Mean Price | 8.7 |
| Target Median Price | 8.5 |
| Total Cash | 83,678,000 |
| Total Cash Per Share | 0.314 |
| Total Debt | 10,659,200,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.35 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 6.881425 |
| Two Hundred Day Average Change | -0.08142471 |
| Two Hundred Day Average Change Percent | -0.011832537 |
| Type Disp | Equity |
| Volume | 2,139,010 |
| Website | https://www.next-decade.com |
| Zip | 77,002 |