NextDecade Corp. (NEXT)
NASDAQEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$7.34-1.08%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
Intact: The reason to own it still holds.
NextDecade advances the Rio Grande LNG project with strong regulatory approval. The company secured $1 billion in financing and formed key partnerships. Analysts expect EPS to improve from -$1.25 in 2026 to $0.07 in 2027. The new CFO hire strengthens financial leadership.
NextDecade remains loss-making with negative cash flow and no revenue in 2026. EPS is forecasted at -$1.25 for 2026, showing continued losses. Capital allocation is mixed and the company faces sector headwinds. Project delays or financing issues could worsen results.
The market is correcting with a 14.4% drawdown from highs, reflecting concerns about losses and execution risks. There is no clear consensus revenue growth priced in. Our view sees potential in project progress but risks remain high given ongoing losses.
Breaks if: Material dilution or debt increase beyond current financing in FY26
Breaks if: EPS remains negative or below -$1.00 in FY27
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround scenario. The company is currently loss-making and has shown volatile management performance, making its future uncertain in the near term.
The market appears to have priced in the company's recent struggles, as its financial performance is below that of its industry peers. There is an expectation of continued volatility given its loss-making status.
Fundamentals may remain weak in the near term due to a 40% probability of missing earnings expectations. Management has made progress in project financing and capital allocation, but recent results have not yet shown improvement.
The long-term thesis hinges on external factors such as inflation trends and the performance of sector bellwethers like COP, EOG, and OXY. Positive developments in these areas could provide a boost, while negative trends could further challenge NEXT.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: CFO departure or failure to improve financial management by FY26
Enhance leadership team by hiring an experienced Chief Financial Officer to support company strategy.
Newly stated in 2026-Q2. Management hired CFO John Zuklic in 2026-Q2 to strengthen executive leadership. No direct financial impact is yet observable in the reported financials.
“Chief Financial Officer John Zuklic hired to strengthen leadership.”
Breaks if: Failure to secure financing or regulatory approvals by end 2026
In the next 1 to 3 years, NEXT's performance will depend on both management execution and broader sector dynamics. Not investment advice.