SequelSEC

NextDecade Corp NEXT

Natural Gas Transmisison & Distribution · CIK 0001612720 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$0
Fiscal year ended 2026-09-30
Operating income
-$238.38M
Fiscal year ended 2026-09-30
Free cash flow
-$5.37B
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$1.20BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$4.53Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / equity0.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Natural Gas Transmisison & Distribution filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Long-term debt / equity3.70x100th
Current ratio0.54x20th

NextDecade Corp (NEXT) reported revenue of $0 for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from NextDecade Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Natural Gas Transmisison & Distribution.

Income

NextDecade Corp income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Revenue$0
Cost of revenueUnavailable
Gross profitUnavailable
Operating income-$238.38M
Net incomeUnavailable
Research & development$10.72M
Weighted-average diluted sharesUnavailable
Pretax incomeUnavailable
Income tax expense$0
Diluted EPSUnavailable
Selling, general & administrativeUnavailable
General & administrative$209.24M
Selling & marketingUnavailable

Balance

NextDecade Corp balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Cash & equivalents$129.92M
Total assets$17.81B
Current assets$642.68M
Total liabilities$14.06B
Current liabilities$1.81B
Total equity incl. NCI$3.75B
Temporary (mezzanine) equityUnavailable
InventoryUnavailable
Accounts receivableUnavailable
GoodwillUnavailable
Long-term debt$11.99B
Accounts payable$437.65M

Cash flow

NextDecade Corp cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Operating cash flow-$37.22M
Capital expenditures$5.34B
Investing cash flow-$5.37B
Financing cash flow$5.25B
Net change in cash-$152.54M
Stock-based compensation$40.44M
Common dividends paidUnavailable
Common share repurchases$6.10M
Depreciation & amortization$40.19M

Derived

NextDecade Corp derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Free cash flow-$5.37B
Gross marginUnavailable
Operating marginUnavailable
FCF marginUnavailable
SBC / revenueUnavailable
Current ratio0.36x
Revenue YoY growthUnavailable
Net marginUnavailable
R&D / revenueUnavailable
CapEx / revenueUnavailable
Long-term debt / equity3.19x
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NEXT in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-03-02View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-01View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.