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NextDecade Corp

corporate_fare Company Profile

NextDecade Corp

NEXT·NASDAQ·Energy & Transportation·CIK 0001612720

NextDecade Corporation is a Houston-based energy company primarily involved in building and developing facilities for liquefying natural gas and selling liquefied natural gas (LNG). The company is constructing and developing the Rio Grande LNG Facility, a natural gas liquefaction and export facility located in the Rio Grande Valley near Brownsville, Texas. The first five liquefaction trains and related infrastructure, referred to as Phase 1, Train 4, and Train 5, are currently under construction at this facility. NextDecade is also developing and advancing the permitting process for expansion Trains 6 through 8 and exploring a potential carbon capture and storage (CCS) project at the Rio Grande LNG Facility. The company was incorporated in Delaware on May 21, 2014. On July 24, 2017, a subsidiary merged with NextDecade LLC, an LNG development company founded in 2010. Prior to this merger, NextDecade Corporation had no operations. Its common stock trades on the Nasdaq Capital Market under the symbol "NEXT." The Rio Grande LNG Facility is being constructed on approximately 1,000 acres of long-term leased land on the north shore of the Brownsville Ship Channel in south Texas, featuring 15,000 feet of frontage on the channel.

NextDecade Corp (NASDAQ:NEXT) is a publicly traded company in the Energy & Transportation sector. Wiseek has independently scored 16 items for NEXT at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-07-30, rated 8/10. Across its 16 most recent items scored 7 or higher, the top rating is 9/10, with 10 rated 8 or above. Recent SEC coverage for NEXT spans 10-Q, 8-K, SCHEDULE 13D, S-3ASR.

Recent high-impact activity:

  • Rio Grande LNG Construction Ahead of Schedule, Within Budget
  • NextDecade Q2 2026: $65M Loss, Construction Progress, and $4.5B in New Financing
  • NextDecade Subsidiary Completes $3.5 Billion Senior Secured Notes Offering
  • NextDecade Discloses Collateral Pledges, Off-Balance Sheet Obligations for $1B Loan
  • NextDecade Secures $1 Billion Loan for Rio Grande LNG Project, Bolstering Funding

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$0
Net Income
-$429.64M
Diluted EPS
-$1.17
Op. Cash Flow
-$169.4M
Free Cash Flow
-$5.02B
Operating Income
-$225.93M
Cash & Equivalents
$143.78M
Total Debt
$8.51B
Debt / Equity
89.27×
Shares Outstanding
262.16M sh
Source: 10-K · filed 2026-02-27 · accession 0001612720-26-000009

Short Interest & Short Volume

9.96 days to cover

FINRA reported short interest of 21,741,027 shares in NEXT as of the September 15, 2026 settlement, a 0.7% increase from the prior period — about 10.0 days to cover at its recent average daily volume. On October 2, 2026, 70.7% of NEXT volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)21,741,027 shares as of September 15, 2026
Change vs prior period▲ 0.7%
Days to cover9.96 at avg daily volume of 2,182,984
Daily short volume (FINRA facilities)70.7% of 1,594,078 shares on October 2, 2026
5-day average short volume68.6%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for NEXT, detected from its recent SEC filings.

1 shelf registration

Significant Share Registration for Resale · Substantial Market Overhang

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$6.6 +0.12% today
52-week range · as of 2026-07-29 $4.75 – $11.61
Market cap
$1.72B
Volume
3.4M (1.3× avg)
3-mo avg 2.5M
Live data · 2026-10-03 11:18 UTC · Market closed

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feed NEXT - Latest Insights

NEXT
Jul 30, 2026, 7:37 AM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $6.49
Real-time Price: $6.60 info
Change: +$0.1082 (+2%) info
Market Cap: $1.725B info
NEXT
Jul 29, 2026, 5:41 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $6.42
Real-time Price: $6.60 info
Change: +$0.180 (+3%) info
Market Cap: $1.725B info
NEXT
Jul 02, 2026, 4:25 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $7.58
Real-time Price: $6.60 info
Change: -$0.980 (-13%) info
Market Cap: $1.725B info
NEXT
Jun 19, 2026, 3:13 AM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $7.39
Real-time Price: $6.60 info
Change: -$0.790 (-11%) info
Market Cap: $1.725B info
NEXT
Jun 18, 2026, 4:43 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $7.48
Real-time Price: $6.60 info
Change: -$0.8834 (-12%) info
Market Cap: $1.725B info
NEXT
Jun 18, 2026, 4:34 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $7.48
Real-time Price: $6.60 info
Change: -$0.8834 (-12%) info
Market Cap: $1.725B info
NEXT
Jun 10, 2026, 7:36 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $8.42
Real-time Price: $6.60 info
Change: -$1.82 (-22%) info
Market Cap: $1.725B info
NEXT
Jun 10, 2026, 7:28 PM EDT
Filing Type: SCHEDULE 13D
Importance Score:
9
Price at Filing: $8.53
Real-time Price: $6.60 info
Change: -$1.93 (-23%) info
Market Cap: $1.725B info
NEXT
Jun 03, 2026, 4:40 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $8.44
Real-time Price: $6.60 info
Change: -$1.84 (-22%) info
Market Cap: $1.725B info
NEXT
May 13, 2026, 4:18 PM EDT
Filing Type: S-3ASR
Importance Score:
7
Price at Filing: $8.21
Real-time Price: $6.60 info
Change: -$1.61 (-20%) info
Market Cap: $1.725B info
NEXT
May 01, 2026, 9:31 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $7.77
Real-time Price: $6.60 info
Change: -$1.17 (-15%) info
Market Cap: $1.725B info
NEXT
Apr 27, 2026, 10:47 AM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $7.32
Real-time Price: $6.60 info
Change: -$0.716 (-10%) info
Market Cap: $1.725B info
NEXT
Apr 23, 2026, 5:17 PM EDT
Filing Type: DEF 14A
Importance Score:
7
Price at Filing: $7.49
Real-time Price: $6.60 info
Change: -$0.890 (-12%) info
Market Cap: $1.725B info
NEXT
Apr 15, 2026, 4:29 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $7.17
Real-time Price: $6.60 info
Change: -$0.570 (-8%) info
Market Cap: $1.725B info
NEXT
Apr 10, 2026, 12:19 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $7.42
Real-time Price: $6.60 info
Change: -$0.815 (-11%) info
Market Cap: $1.725B info
NEXT
Mar 02, 2026, 6:05 AM EST
Source: Unknown
Importance Score:
8
Price at Filing: $5.60
Real-time Price: $6.60 info
Change: +$1.00 (+18%) info
Market Cap: $1.725B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets