Nextdecade Corp is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Nextdecade has little or no product revenue yet; it used $5.37bn of cash in the twelve months to September 2026. The diluted share count is up 4.1% on a year earlier, which dilutes existing holders.
Our model value for Nextdecade is under review, so past values are not shown until it is resolved.
Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 276% in the quarter to 2026-09-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No model value for Nextdecade Corp at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$2.10 | −108% | — | 0% |
| Next | $0.93 | +144% | $2.4bn | 0% |
Next year's EPS estimate has moved +1330.8% in 90 days, across 1 analysts.
The consensus EPS forecast for the current fiscal year is 0.0% on 90 days ago. In the last 30 days, 1 analyst raised Nextdecade Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$2.10 | $0.07 |
| 60 days ago | −$2.10 | $0.07 |
| 30 days ago | −$2.10 | $0.15 |
| 7 days ago | −$2.10 | $0.15 |
| Now | −$2.10 | $0.93 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | −$0.53 | −$1.99 | −275.5% |
| Jun 2026 | −$0.50 | −$0.56 | −12.3% |
| Mar 2026 | −$0.49 | −$0.51 | −4.1% |
| Dec 2025 | −$0.61 | −$0.89 | −45.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| NEXT | +36% | +73% | −3% | +62% | −32% | +26% |
| Industry peers (median) | +41% | +21% | +11% | +27% | +11% | +22% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| NEXT | 42% | 50% | 50% | 83% | 42% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| NEXT | −60% | −52% | −51% | −48% | −58% | −35% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 89% from October 3, 2017 to May 14, 2020. Getting back needed a 792% gain, reached on July 11, 2025, 1884 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| July 28, 2017 | −4.9% | −0.2% | −16.1% | −1.8% |
Source: SEC EDGAR filings. Retrieved October 31, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $0 |
| FY24 Q1 | $0 |
| FY24 Q2 | $0 |
| FY24 Q3 | $0 |
| FY24 Q4 | $0 |
| FY25 Q1 | $0 |
| FY25 Q2 | $0 |
| FY25 Q3 | $0 |
| FY25 Q4 | $0 |
| FY26 Q1 | $0 |
| FY26 Q2 | $0 |
| FY26 Q3 | $0 |
| Fiscal year | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||
| Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EBITDA | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.1 | −0.2 | −0.2 | −0.2 |
| Operating income | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.1 | −0.2 | −0.2 | −0.2 |
| Net income | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.2 | 0.3 | −0.4 | −0.0 |
| Diluted EPS | −$0.14 | −$0.09 | −$0.35 | −$0.41 | −$0.45 | −$0.24 | −$0.34 | −$0.65 | −$0.94 | −$0.24 | −$1.17 | −$0.13 |
| Growth (year on year) | ||||||||||||
| Net income | — | — | — | — | — | — | — | — | — | — | −254.9% | −151.8% |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | −149.7% |
| Cash flow | ||||||||||||
| Cash from operations | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.1 | −0.2 | −0.0 |
| Capital spending | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 | 2.6 | 4.8 | 5.3 |
| Free cash flow | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | −0.1 | −0.0 | −0.1 | −1.8 | −2.7 | −5.0 | −5.4 |
| Stock-based pay | — | — | 0.0 | 0.0 | −0.0 | −0.0 | −0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Free cash flow after stock pay | — | — | −0.1 | −0.1 | −0.1 | −0.1 | −0.0 | −0.1 | −1.8 | −2.7 | −5.1 | −5.4 |
| Balance sheet | ||||||||||||
| Cash | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 |
| Total debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.9 | 4.0 | 8.8 | 12.0 |
| Net debt (negative = net cash) | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.0 | −0.1 | 1.8 | 3.9 | 8.7 | 11.9 |
| Diluted shares | 55m | 96m | 101m | 107m | 109m | 118m | 119m | 130m | 195m | 259m | 262m | 269m |
| Returned to shareholders | ||||||||||||
| Dividends | 0.0 | — | — | — | — | — | — | — | — | — | — | — |
| Buybacks | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total returned | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Quarter | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 | 2026 Q3 Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | −41 | −49 | −56 | −72 | −35 | −52 | −47 | −64 |
| Operating income | −44 | −52 | −56 | −72 | −46 | −55 | −55 | −83 |
| Net income | 481 | −245 | −61 | −109 | 71 | −195 | −65 | 155 |
| Diluted EPS | $0.25 | −$0.34 | −$0.23 | −$0.42 | −$0.18 | −$0.51 | −$0.25 | $0.54 |
| Growth (year on year) | ||||||||
| Net income | — | −231.3% | — | — | −85.3% | — | — | — |
| Diluted EPS | — | −409.1% | — | — | −172.0% | — | — | — |
| Cash flow | ||||||||
| Cash from operations | −9 | −69 | −4 | −76 | −21 | −111 | −17 | 111 |
| Capital spending | 695 | 770 | 732 | 1,358 | 1,987 | 1,177 | 981 | 1,191 |
| Free cash flow | −704 | −839 | −736 | −1,434 | −2,008 | −1,288 | −998 | −1,080 |
| Stock-based pay | 6 | 7 | 7 | 13 | 12 | 5 | 5 | 17 |
| Free cash flow after stock pay | −710 | −845 | −743 | −1,447 | −2,020 | −1,293 | −1,003 | −1,097 |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $180M | 23.8M | 21.9% | ▲ 3.7% |
| Mubadala Investment Co Pjsc | $107M | 14.2M | 13.1% | 0.0% |
| Man Investment Partners (US) LP | $69.9M | 9.3M | 8.5% | 0.0% |
| Vanguard Capital Management LLC | $41.7M | 5.5M | 5.1% | ▼ 6.4% |
| Catalyst Capital Advisors LLC | $39.3M | 5.2M | 4.8% | 0.0% |
| Geode Capital Management, LLC | $32.1M | 4.3M | 3.9% | ▲ 5.7% |
| State Street Corp | $28.6M | 3.8M | 3.5% | ▲ 7.1% |
| Vanguard Portfolio Management LLC | $18.7M | 2.5M | 2.3% | ▲ 1.7% |
| Millennium Management LLC | $17M | 2.3M | 2.1% | ▼ 11.7% |
| Neos Investment Management LLC | $16.3M | 2.2M | 2.0% | ▼ 15.1% |
| Hotchkis & Wiley Capital Management LLC | $16.1M | 2.1M | 2.0% | ▲ 12.2% |
| Balyasny Asset Management L.P. | $14.5M | 1.9M | 1.8% | ▼ 24.1% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nextdecade Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Beall Pamela K.M. Director | March 23, 2026 | Buy | 71,500 | $7.07 | $505,505 |
| Hanwha Aerospace Co., Ltd. 10% owner | December 12, 2025 | Buy | 800,000 | $5.54 | $4.4M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 11, 2025 | Buy | 851,971 | $5.83 | $5M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 10, 2025 | Buy | 600,000 | $6.05 | $3.6M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 9, 2025 | Buy | 293,131 | $6.36 | $1.9M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 8, 2025 | Buy | 39,467 | $6.26 | $247,063 |
| Hanwha Aerospace Co., Ltd. 10% owner | December 5, 2025 | Buy | 151,058 | $6.21 | $938,070 |
| Hanwha Aerospace Co., Ltd. 10% owner | December 4, 2025 | Buy | 243,959 | $6.19 | $1.5M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 3, 2025 | Buy | 241,946 | $6.04 | $1.5M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 2, 2025 | Buy | 310,964 | $5.93 | $1.8M |
| Hanwha Aerospace Co., Ltd. 10% owner | December 1, 2025 | Buy | 205,160 | $6.05 | $1.2M |
| Hanwha Aerospace Co., Ltd. 10% owner | November 28, 2025 | Buy | 111,084 | $6.12 | $679,834 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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