Nextdecade Corp (NEXT) Stock Score, Valuation & Financial Research

Nextdecade Corp is in the Energy sector and Oil & Gas Exploration & Production industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for NEXT

Nextdecade Corp does not currently have a complete Wall Street Score. The stored market price is USD 6.83. These figures are a research snapshot, not a buy or sell recommendation.

What Nextdecade Corp does

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.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

NextDecade is an energy company currently in the development and construction phase of the Rio Grande LNG Facility. Its business model focuses on the future liquefaction of natural gas and the sale of LNG, with revenue generation dependent on the successful completion and operation of its liquefaction trains and related infrastructure.

Products and services

  • Development and construction of a multi-plant integrated natural gas liquefaction and LNG export facility located in Brownsville, Texas.

Customer types

LNG purchasers.

Disclosed major customers

Suppliers, materials and equipment

  • Engineering, Procurement and Construction (EPC) contractors — The company utilizes EPC contractors for the construction of its liquefaction trains and related infrastructure; specific supplier names are not disclosed. Source

Business strengths to evaluate

  • Strategic location at the Port of Brownsville with long-term land lease Source

Business risks and research considerations

  • Risks associated with the development, construction, and operation of large-scale energy infrastructure projects Source

Sources: Company research source · JERA · Engineering, Procurement and Construction (EPC) contractors · Strategic location at the Port of Brownsville with long-term land lease

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

NEXT financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 6.83
Market capitalization:
1.82B (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -358.59M
Free cash flow:
USD -5.02B
Cash:
USD 83.68M
Total debt:
USD 10.54B
EPS:
USD -1.36

What stands out

  • Free cash flow is USD -5.02B, negative for the stored period.
  • The balance sheet shows USD 83.68M of cash versus USD 10.54B of total debt, with debt exceeding cash on these two reported measures.
  • The current research record carries a fundamental change risk warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Debt exceeds cash by USD 10.45B using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for NEXT

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can NEXT fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • Is NEXT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • What specifically needs to improve for NEXT to reach sustainable profitability?
  • What does the current fundamental change risk warning mean for the reliability or interpretation of NEXT's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-08.

Research-input completeness: 73% of the scoring inputs required for this public page are currently available.

How to research NEXT

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.