NextDecade CorpNEXT
What NextDecade Corp does.
NextDecade Corporation, a Delaware corporation, is a Houston-based energy company primarily engaged in construction and development activities related to the liquefaction of natural gas and sale of LNG. We are constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley near Brownsville, Texas (the “Rio Grande LNG Facility”). The first five liquefaction trains and related infrastructure (together, "Phase 1", "Train 4", and "Train 5") at the Rio Grande LNG Facility are currently under construction. We are 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.
We are focused on constructing and operating the Rio Grande LNG Facility safely, efficiently, on schedule, and on budget. We seek to deliver secure, affordable, and cleaner energy through the development and operation of liquefaction capacity at the Rio Grande LNG Facility.
We were incorporated in Delaware on May 21, 2014, and were formed for the purpose of acquiring, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, one or more businesses or entities. On July 24, 2017, one of our subsidiaries merged with and into NextDecade LLC, an LNG development company founded in 2010 to develop LNG export projects and associated pipelines. Prior to the merger with NextDecade LLC, we had no operations and our assets consisted of cash proceeds received in connection with our initial public offering.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$14.3M | -$22.0M | -$60.1M | -$221.6M | $277.4M | -$429.6M |
| Free cash flow | -$58.6M | -$30.1M | -$73.8M | -$1.8B | -$2.7B | -$5.0B |
More on NEXT.
- NextDecade Corp summary
- NextDecade Corp financial statements
- NextDecade Corp key metrics
- NextDecade Corp health scores and style box
- NextDecade Corp earnings
- NextDecade Corp dividends
- NextDecade Corp valuation
- NextDecade Corp ownership and insiders
- NextDecade Corp peers
Figures from NextDecade Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.