NextDecade (NASDAQ:NEXT) Releases Earnings Results, Beats Estimates By $0.41 EPS

by · The Cerbat Gem

NextDecade (NASDAQ:NEXT – Get Free Report) announced its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.66) by $0.41, FiscalAI reports.

Here are the key takeaways from NextDecade’s conference call:

  • Rio Grande LNG construction remains ahead of schedule, with Trains 1 and 2 74% complete and first gas still expected in the second half of 2026, followed by first LNG production in the first half of 2027. Management expects to narrow the startup guidance window in the fourth quarter.
  • NextDecade completed financing transactions that raised $1 billion through a term loan and $3.5 billion through senior secured notes, using the proceeds and a swap settlement to repay approximately $4.6 billion of Phase One bank debt. The transactions extend maturities and free bank capacity for Train 6 and future expansions.
  • FERC’s environmental review schedule for Train 6 supports a potential final investment decision in the second half of 2027, contingent on commercial support and financing. Management cited strong buyer interest, expects additional long-term SPA activity over the next six months, and reserved main refrigeration compressors with Baker Hughes.
  • Management believes Middle East supply disruptions will keep global LNG prices elevated through at least 2030 and increase demand for reliable U.S. LNG. It expects its South Texas location to provide access to gas at a discount to Henry Hub, potentially supporting margins above the company’s $5-per-MMBtu guidance for some near-term uncontracted volumes.
  • Operating and maintenance expenses are expected to rise throughout 2026 as commissioning and operational-readiness activities accelerate, while LNG vessel charters are recorded as finance leases and will increase depreciation and interest expense.

NextDecade Trading Down 0.1%

Shares of NEXT stock traded down $0.01 on Friday, reaching $6.72. 2,961,399 shares of the stock were exchanged, compared to its average volume of 2,633,946. The company has a debt-to-equity ratio of 3.96, a current ratio of 0.40 and a quick ratio of 0.40. NextDecade has a one year low of $4.75 and a one year high of $11.59. The stock has a market cap of $1.78 billion, a PE ratio of -4.94 and a beta of 1.51. The stock has a 50 day moving average price of $7.71 and a 200 day moving average price of $6.96.

Wall Street Analyst Weigh In

NEXT has been the topic of a number of recent analyst reports. The Goldman Sachs Group began coverage on NextDecade in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 price objective on the stock. Citigroup assumed coverage on shares of NextDecade in a research report on Wednesday, May 13th. They set a “buy” rating and a $11.00 price target on the stock. Morgan Stanley increased their price objective on shares of NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.10.

View Our Latest Research Report on NEXT

Institutional Trading of NextDecade

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of NextDecade by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 266,111 shares of the company’s stock valued at $1,402,000 after purchasing an additional 19,045 shares during the last quarter. Virtu Financial LLC acquired a new position in NextDecade in the fourth quarter valued at approximately $97,000. Invesco Ltd. lifted its holdings in NextDecade by 5.1% in the fourth quarter. Invesco Ltd. now owns 82,717 shares of the company’s stock valued at $436,000 after buying an additional 4,008 shares during the period. Corient Private Wealth LLC boosted its stake in NextDecade by 118.8% in the fourth quarter. Corient Private Wealth LLC now owns 137,078 shares of the company’s stock valued at $677,000 after acquiring an additional 74,425 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in NextDecade by 9.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 55,720 shares of the company’s stock valued at $294,000 after acquiring an additional 4,676 shares during the last quarter. 66.74% of the stock is owned by institutional investors.

NextDecade Company Profile

(Get Free Report)

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.

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