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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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-328M | $-306M | $-5.0B | -321.4% | - | 396.2% |
| 2024 | $0M | $306M | $-62M | $-2.7B | -16.4% | - | -61.9% |
| 2023 | $0M | $-210M | $-162M | $-1.8B | -56.4% | - | 170.1% |
| 2022 | $0M | $-59M | $-60M | $-74M | -110.5% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 0 |
| Operating Revenue | 0 |
| Cost Of Revenue | 12.12 |
| Gross Profit | -12.12 |
| Operating Expense | 213.81 |
| Research And Development | 8.01 |
| Selling General And Administration | 202.28 |
| Total Expenses | 225.93 |
| Operating Income | -225.93 |
| Total Operating Income As Reported | -225.93 |
| EBITDA | -327.97 |
| Normalized EBITDA | -286.83 |
| EBIT | -340.10 |
| Interest Income | - |
| Interest Expense | 89.54 |
| Net Interest Income | -170.01 |
| Other Non Operating Income Expenses | 7.45 |
| Other Income Expense | -33.70 |
| Interest Income Non Operating | - |
| Interest Expense Non Operating | 89.54 |
| Net Non Operating Interest Income Expense | -170.01 |
| Pretax Income | -429.64 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | -429.64 |
| Net Income From Continuing And Discontinued Operation | -306.43 |
| Net Income From Continuing Operation Net Minority Interest | -306.43 |
| Net Income | -306.43 |
| Net Income Common Stockholders | -306.43 |
| Net Income Including Noncontrolling Interests | -429.64 |
| Normalized Income | -265.29 |
| Diluted NI Availto Com Stockholders | -306.43 |
| Basic Average Shares | 262.16 |
| Diluted Average Shares | 262.16 |
| Reconciled Depreciation | 12.12 |
| Reconciled Cost Of Revenue | 12.12 |
| Total Unusual Items | -41.14 |
| Total Unusual Items Excluding Goodwill | -41.14 |
| Preferred Stock Dividends | - |
| Minority Interests | 123.20 |
| Special Income Charges | -30.14 |
| Other Special Charges | 30.14 |
| Gain On Sale Of Security | -11.01 |
| General And Administrative Expense | 202.28 |
| Other Gand A | 202.28 |
| Rent Expense Supplemental | - |
| Total Other Finance Cost | 80.47 |
| Other Operating Expenses | 3.52 |
| Rent And Landing Fees | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NextDecade Corporationthis co. | NEXT | $2.3B | -7.49 | 24.07 | -321.4% | -32.95 |
| Select Water Solutions, Inc. | WTTR | $2.7B | 127.24 | 3.35 | 2.6% | 13.33 |
| DHT Holdings, Inc. | DHT | $2.6B | 12.39 | 2.31 | 18.6% | 8.94 |
| National Energy Services Reunited Corp. | NESR | $2.6B | 49.96 | 2.64 | 5.3% | 11.77 |
| FLOC | FLOC | $2.5B |
| - |
| - |
| - |
| - |
| 60.62 |
| 10.98 |
| 18.1% |
| 8.92 |
| Teekay Tankers Ltd. | TNK | $2.4B | 6.92 | 1.19 | 17.2% | 3.77 |
| Sable Offshore Corp. | SOC | $2.1B | - | 5.44 | -76.8% | - |
| ProPetro Holding Corp. | PUMP | $2.0B | 2462.81 | 2.43 | 0.1% | 11.21 |
| Innovex International, Inc. | INVX | $1.9B | 23.39 | 1.84 | 7.9% | 8.93 |
| Peer Median | - | 49.96 | 2.54 | 6.6% | 8.94 | |