NextDecade Corporation (NEXT)Energy | Oil & Gas Equipment & Services | Houston, United States | NasdaqCM
8.16 USD
+0.17
(2.128%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:23 a.m. EDT
This is a distressed asset with no safety net. The company is burning cash aggressively, reporting negative free cash flow of nearly $4.7 billion and negative operating cash flow. The balance sheet is precarious, with debt-to-equity exceeding 400x and a negative book value, indicating the company's liabilities far outweigh its assets. Fundamentally, the business is failing to generate returns on equity or assets. While the stock price has recovered somewhat recently, the underlying economics remain broken. There is no dividend to provide income, and the lack of analyst coverage suggests the market has largely ignored the deteriorating fundamentals. The heavy put option activity confirms that sophisticated traders see significant downside risk ahead. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.084072 |
| AutoETS | 0.085661 |
| AutoTheta | 0.085840 |
| MSTL | 0.101970 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.16 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.315 |
| Excess Kurtosis | -1.11 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Debt to Equity Ratio | 401.424 |
| Market Cap | 2,162,342,656 |
| Forward P/E | 116.57 |
| Beta | 1.51 |
| Website | https://www.next-decade.com |
As of July 11, 2026, 3:23 a.m. EDT: Speculators are positioning heavily for downside protection, with massive open interest in out-of-the-money puts expiring in late 2027 and early 2028. While there is some call volume at distant strikes (15.00), the overwhelming capital allocation is in put options, suggesting a fear of a prolonged decline rather than a belief in a near-term rally.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.2878788 |
| Address1 | 1,000 Louisiana Street |
| Address2 | Suite 3300 |
| All Time High | 20.0 |
| All Time Low | 1.115 |
| Ask | 10.3 |
| Ask Size | 2 |
| Audit Risk | 9 |
| Average Daily Volume10 Day | 2,504,040 |
| Average Daily Volume3 Month | 3,046,100 |
| Average Volume | 3,046,100 |
| Average Volume10Days | 2,504,040 |
| Beta | 1.514 |
| Bid | 5.92 |
| Bid Size | 2 |
| Board Risk | 9 |
| Book Value | -0.116 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.16 |
| Current Ratio | 0.401 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 8.4483 |
| Day Low | 7.99 |
| Debt To Equity | 401.424 |
| Display Name | NextDecade |
| Earnings Call Timestamp End | 1,785,441,600 |
| Earnings Call Timestamp Start | 1,785,441,600 |
| Earnings Timestamp | 1,785,414,600 |
| Earnings Timestamp End | 1,785,414,600 |
| Earnings Timestamp Start | 1,785,414,600 |
| Ebitda | -227,580,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -61.008 |
| Enterprise Value | 13,884,254,208 |
| Eps Current Year | -1.255 |
| Eps Forward | 0.07 |
| Eps Trailing Twelve Months | -1.34 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.041 |
| Fifty Day Average Change | 0.11899948 |
| Fifty Day Average Change Percent | 0.014799089 |
| Fifty Two Week Change Percent | -28.787882 |
| Fifty Two Week High | 12.12 |
| Fifty Two Week High Change | -3.96 |
| Fifty Two Week High Change Percent | -0.32673267 |
| Fifty Two Week Low | 4.75 |
| Fifty Two Week Low Change | 3.4099998 |
| Fifty Two Week Low Change Percent | 0.71789473 |
| Fifty Two Week Range | 4.75 - 12.12 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,434,461,400,000 |
| Float Shares | 129,676,968 |
| Forward Eps | 0.07 |
| Forward P E | 116.57143 |
| Free Cashflow | -4,723,938,304 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 360 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.45679 |
| Held Percent Institutions | 0.44476002 |
| Implied Shares Outstanding | 264,992,987 |
| 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 | 2,162,342,656 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_137351668 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -354,035,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 2,163,667,738 |
| Number Of Analyst Opinions | 5 |
| Open | 8.15 |
| Operating Cashflow | -211,404,992 |
| Operating Margins | 0.0 |
| Overall Risk | 7 |
| Payout Ratio | 0.0 |
| Phone | 713 574 1880 |
| Pre Market Change | 0.03999996 |
| Pre Market Change Percent | 0.49019563 |
| Pre Market Price | 8.2 |
| Pre Market Time | 1,784,028,747 |
| Previous Close | 7.99 |
| Price Eps Current Year | -6.5019917 |
| Price Hint | 2 |
| Price To Book | -70.344826 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.118 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.17 |
| Regular Market Change Percent | 2.12766 |
| Regular Market Day High | 8.4483 |
| Regular Market Day Low | 7.99 |
| Regular Market Day Range | 7.99 - 8.4483 |
| Regular Market Open | 8.15 |
| Regular Market Previous Close | 7.99 |
| Regular Market Price | 8.16 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 2,128,841 |
| Return On Assets | -0.01423 |
| Return On Equity | -0.18584 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 264,992,987 |
| Shares Percent Shares Out | 0.074200004 |
| Shares Short | 19,674,455 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 21,065,760 |
| Short Name | NextDecade Corporation |
| Short Percent Of Float | 0.13430001 |
| Short Ratio | 6.44 |
| Source Interval | 15 |
| State | TX |
| Symbol | NEXT |
| Target High Price | 12.0 |
| Target Low Price | 7.0 |
| Target Mean Price | 9.4 |
| Target Median Price | 9.0 |
| Total Cash | 143,120,000 |
| Total Cash Per Share | 0.54 |
| Total Debt | 9,474,179,072 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.34 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 6.576 |
| Two Hundred Day Average Change | 1.5839996 |
| Two Hundred Day Average Change Percent | 0.24087586 |
| Type Disp | Equity |
| Volume | 2,128,841 |
| Website | https://www.next-decade.com |
| Zip | 77,002 |