NextDecade Corp
NextDecade Corporation (Nasdaq: NEXT) is an energy company developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, and sells LNG to international customers. Its first five trains and related infrastructure are under construction, with expected combined… From the company’s description.
In fiscal 2025, NextDecade Corp reported a net loss of $429.64M. Operations used $169.40M in cash.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NextDecade Corp does
In the company’s own words
NextDecade Corporation (Nasdaq: NEXT) is an energy company developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, and sells LNG to international customers. Its first five trains and related infrastructure are under construction, with expected combined production capacity of approximately 30 million tonnes per annum; it is also developing and permitting Trains 6 through 8 and evaluating a potential carbon capture and storage project at the site. The company’s business centers on the Rio Grande project, with ownership and cash distributions for the first five trains structured through joint ventures and project entities. It has long-term LNG sale agreements with 14 counterparties for approximately 25.3 million tonnes per annum from Trains 1 through 5, and expects to market additional volumes through spot and shorter-term sales. NextDecade was formed in 2014 and combined with LNG developer NextDecade LLC in 2017. It had 360 full-time employees as of December 31, 2025. Its website is www.next-decade.com.
Company details
- Sector
- Energy
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- HOUSTON, TX
- Fiscal year end
- December
- CIK
- 1612720
- SIC
- 4923
Financial performance, year by year
Fiscal 2015–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NextDecade Corp — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NextDecade Corp’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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