Saturday 17 October 2026
Export NEXT’s income statement to Excel — free account
NextDecade Corporation
NEXT Energy Oil & Gas Equipment & Services
In the quarter to June 2026, EPS fell 8.70%, free cash flow fell 35.7% and total debt rose 101.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
6.26
0.25
+4.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 9.82 | 5.54 | 3.95 | 3.15 | 1.12 | 1.65 | 2.08 | 3.93 | 4.26 | 4.99 |
Analyst estimates 2026–2028 Powerpack |
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| High | 10.50 | 20.00 | 9.03 | 6.78 | 6.23 | 6.13 | 8.95 | 8.74 | 8.52 | 12.12 | |||||
| People | |||||||||||||||
| People | Employees | 3 | 35 | 47 | 88 | 57 | 61 | 109 | 160 | 237 | 360 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |||||
| EBT | (8) | (35) | (42) | (36) | (14) | (22) | (60) | (222) | 277 | (430) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Net income | (8) | (35) | (42) | (36) | (14) | (22) | (60) | (222) | 277 | (430) | |||||
| Depreciation | 0 | 0 | 0 | 1 | 3 | 2 | 1 | 45 | 72 | 93 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Earnings | (0.09) | (0.35) | (0.41) | (0.32) | (0.24) | (0.34) | (0.65) | (0.94) | (0.24) | (1.17) | |||||
| Cash flow | (0.08) | (0.13) | (0.22) | (0.37) | (0.22) | (0.15) | (0.31) | (0.38) | (0.37) | (0.65) | |||||
| Capex | (0.20) | (0.15) | (0.18) | (0.19) | (0.28) | (0.10) | (0.26) | (8.93) | (9.93) | (18.49) | |||||
| Free cash flow | (0.28) | (0.27) | (0.39) | (0.56) | (0.50) | (0.25) | (0.57) | (9.31) | (10.30) | (19.13) | |||||
| Book value | 0.71 | 1.02 | 1.40 | 1.72 | 1.47 | 1.58 | 1.97 | 3.81 | 6.75 | 8.78 | |||||
| Shares, m | 96 | 101 | 107 | 109 | 118 | 119 | 130 | 195 | 259 | 262 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | — | — | — | — | — | |||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | |||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (7) | (13) | (23) | (41) | (26) | (18) | (40) | (74) | (96) | (169) | ||||
| Capex | (19) | (15) | (19) | (20) | (32) | (12) | (34) | (1,738) | (2,568) | (4,847) | |||||
| Free cash flow | (27) | (28) | (42) | (61) | (59) | (30) | (74) | (1,811) | (2,663) | (5,016) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 14 | 34 | 65 | 57 | 18 | 18 | 39 | (238) | (183) | (618) | ||||
| Total debt | — | — | — | 0 | 0 | 1 | 0 | 1,816 | 3,920 | 8,511 | |||||
| Net debt | (18) | (41) | (76) | (78) | (23) | (26) | (62) | 1,522 | 3,528 | 7,804 | |||||
| Shareholders’ equity | 68 | 103 | 149 | 188 | 173 | 188 | 257 | 740 | 1,744 | 2,301 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (8.72) | (36.82) | (30.52) | (24.89) | (13.61) | (19.06) | (31.56) | (10.05) | (1.27) | (3.25) | ||||
| ROIC | (10.51) | (35.74) | (36.40) | (19.95) | (9.16) | (7.49) | (17.51) | (3.39) | (2.03) | (1.40) | |||||
| ROE | (22.96) | (41.27) | (46.70) | (56.15) | (38.34) | (100.58) | (227.17) | (45.98) | (4.97) | (15.15) | |||||
Negative figures in brackets.
Charts ten years each
NextDecade Corporation vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NESR National Energy Services Reunited | $1.9B | 19.9× | 14.9× | +59.07% (above 0%: growing) | +175.00% (above 0%: growing) | +45.79% (above 0%: growing) | 15.61% | 12.45% | Compare |
| INVX Innovex International, Inc. | $1.9B | 31.5× | 12.0× | +9.21% (above 0%: growing) | +63.64% (above 0%: growing) | −39.84% (below 0%: shrinking) | 34.16% | 13.79% | Compare |
| XPRO Expro Group Holdings N.V. | $1.8B | 91.4× | 20.6× | −6.99% (below 0%: shrinking) | −88.81% (below 0%: shrinking) | +56.10% (above 0%: growing) | 20.86% | 2.64% | Compare |
| FLOC Flowco Holdings Inc. | $1.7B | 11.7× | 16.2× | +22.07% (above 0%: growing) | +38.10% (above 0%: growing) | +7.07% (above 0%: growing) | 53.60% | 17.48% | Compare |
| NEXT NextDecade Corporation | $1.6B | — (loss-making) | — | — | n/m | −35.67% (below 0%: shrinking) | 0.00% | 0.00% | |
| HOS Hornbeck Offshore Services Inc | $1.5B | 25.4× | 30.5× | +20.79% (above 0%: growing) | n/m | +320.12% (above 0%: growing) | 18.49% | 8.79% | Compare |
| RES RPC, Inc. | $1.3B | 64.4× | 31.0× | +9.52% (above 0%: growing) | 0.00% | −46.52% (below 0%: shrinking) | 24.99% | 3.21% | Compare |
| AESI Atlas Energy Solutions Inc. | $1.3B | — (loss-making) | — (loss-making) | +1.56% (above 0%: growing) | n/m | −414.37% (below 0%: shrinking) | 24.52% | (7.69%) | Compare |
| VTOL Bristow Group Inc. | $1.1B | 10.9× | 10.7× | +9.38% (above 0%: growing) | −35.45% (below 0%: shrinking) | −123.13% (below 0%: shrinking) | 26.43% | 9.61% | Compare |
| Median of peers | $1.6B | 25.4× | 16.2× | +9.45% | +19.05% | −16.38% | 24.76% | 9.20% |
NextDecade Corporation (NEXT) key facts
- NextDecade Corporation (NEXT) is an Oil & Gas Equipment & Services company in the Energy sector, listed on Nasdaq.
- As of October 16, 2026, NEXT traded at $6.26, a market capitalization of $1.6 billion.
- Return on equity was −15.2% and debt-to-equity 3.70.
NextDecade Corporation (NEXT) Latest News
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