NEXTNextDecade Corp
NextDecade Corp (NEXT) is a gas utility focused on LNG (liquefied natural gas) infrastructure, specifically the Rio Grande LNG project in Texas. The company’s next catalyst is Oct 8, 2026 — Deutsche Bank lists Top Euro news, which will test the market’s appetite for its Phase 1 project progress and broader regulatory clarity.
- Revenue: $0 (as of 2026-06-30)
- Net loss: $1.26B (2026-06-30)
- Debt-to-equity: 92.59x
The Read
NextDecade's stock surged 7.3% on strong Q2 earnings and Phase 1 progress but retreated 27.8% after the D.C. Circuit ruling delayed regulatory clarity, then rallied 5%.4% on positive Phase 1 production news.
The schedule
- Thu8Oct
This event could influence market sentiment and potentially impact the company's valuation, though it is not directly tied to operational performance.
- Fri6Nov
This event will test the company's ability to execute on its LNG sale strategy and deliver on its earnings guidance, which is critical for cash flow and P&L performance.
- Fri5Feb
This event will test the company's ability to deliver on its long-term growth strategy, particularly in the context of its initial capital raise and project execution.
- Fri7May
- Fri6Aug
This event will test the company's ability to deliver on its long-term growth strategy, particularly in the context of its capital raise and project execution.
Past
- Fri7Aug
Actual outcome: Bull · $7.19 at outcome
NextDecade reported Q2 EPS of -$0.51, matching analyst estimates, and provided a strong operational update. The company confirmed that construction of its Rio Grande LNG Phase 1 project is progressing ahead of schedule and within budget, with first gas targeted for later in 2026. This positive execution update reassured investors on project timelines, driving a 7.3% rally in the stock.
NextDecade reports Q2 earnings with intense market focus on commercial progress, final investment decisions (FID), and financing updates for Rio Grande LNG Trains 4 and 5.
- Mon20Jul
Actual outcome: Bear · $6.07 at outcome
NextDecade shares declined 4.4% over the outcome period as the market awaited the D.C. Circuit Court ruling on the FERC authorization for the Rio Grande LNG project. With no update on the severe regulatory overhang and only an announcement regarding the timing of its upcoming Q2 earnings call, the lack of a positive catalyst caused the stock to drift lower.
The D.C. Circuit Court ruling on the FERC authorization remains a severe binary overhang for the Rio Grande LNG project.
- Fri27Feb
Actual outcome: Mixed · $5.48 at outcome
NextDecade met Q4 EPS expectations and provided a highly positive business update, announcing that it expects first LNG production from Rio Grande Train 1 in the first half of 2027. The company also highlighted achieving positive final investment decisions on Trains 4 and 5, which drove shares to gap up initially and fueled a sustained rally well past the bull target.
Scouting Reports
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