NextDecade Corporation

NasdaqCM:NEXT Stock Report

Market Cap: US$2.2b

NextDecade Future Growth

Future criteria checks 2/6

NextDecade is forecast to grow earnings and revenue by 16.6% and 92.2% per annum respectively. EPS is expected to grow by 16.7% per annum. Return on equity is forecast to be -3.3% in 3 years.

Key information

16.6%

Earnings growth rate

16.66%

EPS growth rate

Oil and Gas earnings growth10.9%
Revenue growth rate92.2%
Future return on equity-3.31%
Analyst coverage

Low

Last updated13 May 2026

Recent future growth updates

Recent updates

New Narrative Apr 17

Early LNG Volumes And Long Term Demand Will Support Expanding Liquefaction Capacity

Catalysts About NextDecade NextDecade is developing and building the Rio Grande LNG export facility, focused on long-term LNG supply from multiple liquefaction trains on the U.S. Gulf Coast. What are the underlying business or industry changes driving this perspective?
New Narrative Apr 03

Long Term LNG Expansion And Early Cash Flows Will Transform Future Earnings Potential

Catalysts About NextDecade NextDecade is developing and constructing liquefied natural gas export capacity at its Rio Grande LNG facility in South Texas. What are the underlying business or industry changes driving this perspective?
New Narrative Mar 20

Early LNG Margin Dependence And Contract Risks Will Restrain Long Term Cash Generation

Catalysts About NextDecade NextDecade is a liquefied natural gas company developing and constructing the Rio Grande LNG export facility in the U.S. Gulf Coast, with plans for up to 10 liquefaction trains. What are the underlying business or industry changes driving this perspective?
Analysis Article May 01

We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article Jan 11

Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article Nov 22

Does This Valuation Of NextDecade Corporation (NASDAQ:NEXT) Imply Investors Are Overpaying?

Today we will run through one way of estimating the intrinsic value of NextDecade Corporation ( NASDAQ:NEXT ) by...
Seeking Alpha Sep 15

NextDecade announces $85M private placement of common stock

NextDecade (NASDAQ:NEXT) will sell $85M of company's common stock to 10 institutional investors. The shares will be sold at $5.50/share, and the private placement is expected to close on September 19, 2022. The company intends to use the proceeds from the private placement to continue development activity in preparation for its anticipated positive final investment decision on the first three trains at its Rio Grande LNG project. Press Release
Seeking Alpha Jul 27

NextDecade announces 1.0 MTPA LNG sale and purchase agreement with ExxonMobil

NextDecade (NASDAQ:NEXT) enters a 20-year sale and purchase agreement with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from company’s Rio Grande LNG export project in Brownsville, Texas. Under the agreement, EMLAP will purchase 1M metric tonnes per annum of LNG. The LNG will be supplied from the first two trains of Rio Grande LNG, with the first train expected to start commercial operations as early as 2026.
Analysis Article Feb 17

Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article Jan 11

Calculating The Fair Value Of NextDecade Corporation (NASDAQ:NEXT)

Does the January share price for NextDecade Corporation ( NASDAQ:NEXT ) reflect what it's really worth? Today, we will...
Seeking Alpha Jan 10

NextDecade: More Rio Grande Delays

LNG markets continue to be hot, but contractual agreements for new supply still remain elusive. NextDecade has delayed its FID on Rio Grande again into the latter part of this year, likely due to a lack of productive discussions on offtake agreements. If the situation does not change soon, LNG shortfalls likely persist with demand set to only grow from here.
Seeking Alpha Jun 21

NextDecade names Ivan Van der Walt as chief operating officer

NextDecade (NEXT) has appointed Ivan Van der Walt as the company's Chief Operating Officer effective July 1, 2021.The company also named Vera de Gyarfas as General Counsel and Corporate Secretary effective July 12, 2021.Van der Walt joined NextDecade in July 2018 serving as Senior Vice President, Engineering and Construction. He has nearly thirty years of experience in the global energy industry, including senior roles with Chicago Bridge & Iron and Chevron.de Gyarfas joins NextDecade with nearly thirty years of legal experience in the global energy industry

Earnings and Revenue Growth Forecasts

NasdaqCM:NEXT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,979-354-3,4376071
12/31/20271,493-210-4,8121252
12/31/2026N/A-726-5,523-2931
3/31/2026N/A-354-5,465-211N/A
12/31/2025N/A-306-5,016-169N/A
9/30/2025N/A-193-3,712-158N/A
6/30/2025N/A-207-2,847-145N/A
3/31/2025N/A-179-2,699-136N/A
12/31/2024N/A-62-2,663-96N/A
9/30/2024N/A-257-2,722-108N/A
6/30/2024N/A-26-3,108-55N/A
3/31/2024N/A-120-2,570-79N/A
12/31/2023N/A-183-1,811-74N/A
9/30/2023N/A-79-1,089-65N/A
6/30/2023N/A-212-148-64N/A
3/31/2023N/A-101-107-53N/A
12/31/2022N/A-84-74-40N/A
9/30/2022N/A-72-43-34N/A
6/30/2022N/A-51-37-28N/A
3/31/2022N/A-50-35-24N/A
12/31/2021N/A-40-30-18N/A
9/30/2021N/A-33-26-16N/A
6/30/2021N/A-40-25-15N/A
3/31/2021N/A-34-37-16N/A
12/31/2020N/A-29-59-26N/A
9/30/2020N/A-40-62-30N/A
6/30/2020N/A-36-69-34N/A
3/31/2020N/A-34-75-47N/A
12/31/2019N/A-49N/A-41N/A
9/30/2019N/A-44N/A-44N/A
6/30/2019N/A-49N/A-39N/A
3/31/2019N/A-45N/A-25N/A
12/31/2018N/A-44N/A-23N/A
9/30/2018N/A-47N/A-17N/A
6/30/2018N/A-50N/A-17N/A
3/31/2018N/A-49N/A-15N/A
12/31/2017N/A-35N/A-13N/A
9/30/2017N/A-21N/A-10N/A
6/30/2017N/A-9N/A-8N/A
3/31/2017N/A-9N/A-8N/A
12/31/2016N/A-8N/A-7N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEXT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NEXT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NEXT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NEXT's revenue (92.2% per year) is forecast to grow faster than the US market (12.1% per year).

High Growth Revenue: NEXT's revenue (92.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEXT is forecast to be unprofitable in 3 years.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 21:46
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NextDecade Corporation is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Julien Dumoulin-SmithBofA Global Research
Wade SukiCapital One Securities, Inc.
Spiro DounisCitigroup Inc