NextDecade Corp(NEXT)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
NEXT Stock Analysis & AI Quality Score
Data updated 2026-07-26AI stock analysis and institutional research for NextDecade Corp (NEXT), a Energy sector company. NEXT is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q2 2026), NextDecade Corp reports net income of $-60.2M, free cash flow of $-997.9M. Top institutional holders of NEXT by reported 13-F value include BlackRock, Mubadala Investment PJSC, Man Investment Partners (US), based on the most recent SEC filings. NEXT trades on the Nasdaq exchange and files with the SEC under CIK 1612720. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NEXT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NextDecade Corp directly from SEC EDGAR.
Revenue
Q2 2026
$0.00
Net Income
Q2 2026
$-60.2M
Free Cash Flow
Q2 2026
$-997.9M
ROIC
Q2 2026
-2.1%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
Net Income
-254.9% YoYOperating Income
-32.1% YoYEPS (Diluted)
-387.5% YoYTotal Assets
+94.0% YoYTotal Debt
+118.8% YoYOp. Cash Flow
-77.2% YoYFree Cash Flow
-88.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $-429.6M -254.9% | $277.4M +225.2% | $-221.6M -269.0% | $-60.1M -172.6% | $-22.0M -53.8% | $-14.3M |
| Operating Income | $-225.9M -32.1% | $-171.1M -39.5% | $-122.7M -125.2% | $-54.5M -179.3% | $-19.5M +11.4% | $-22.0M |
| EPS (Diluted) | $-1.17 -387.5% | $-0.24 +74.5% | $-0.94 -44.6% | $-0.65 | — | — |
| Total Assets | $12.43B +94.0% | $6.40B +92.7% | $3.32B +963.9% | $312.4M +40.7% | $222.1M +10.1% | $201.7M |
| Total Debt | $8.83B +118.8% | $4.04B +122.2% | $1.82B | $0.00 | — | — |
| Operating Cash Flow | $-169.4M -77.2% | $-95.6M -29.8% | $-73.6M -83.7% | $-40.1M -123.1% | $-18.0M +31.6% | $-26.3M |
| Free Cash Flow | $-5.02B -88.3% | $-2.66B -47.0% | $-1.81B -2353.3% | $-73.8M -145.6% | $-30.1M +48.7% | $-58.6M |
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Top Institutional Holders of NEXT
BlackRock, Inc.
$179.6M23,820,718 shMubadala Investment Co PJSC
$107.1M14,206,376 shMan Investment Partners (US) LP
$69.9M9,274,894 shVANGUARD CAPITAL MANAGEMENT LLC
$41.7M5,530,334 shCatalyst Capital Advisors LLC
$39.3M5,216,592 shCITADEL ADVISORS LLC
$34.5M4,571,200 shGEODE CAPITAL MANAGEMENT, LLC
$32.1M4,251,461 shSTATE STREET CORP
$28.6M3,799,466 shJANE STREET GROUP, LLC
$21.8M2,896,000 shVANGUARD PORTFOLIO MANAGEMENT LLC
$18.7M2,483,302 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $179.6M | 23,820,718 |
| Mubadala Investment Co PJSC | $107.1M | 14,206,376 |
| Man Investment Partners (US) LP | $69.9M | 9,274,894 |
| VANGUARD CAPITAL MANAGEMENT LLC | $41.7M | 5,530,334 |
| Catalyst Capital Advisors LLC | $39.3M | 5,216,592 |
| CITADEL ADVISORS LLC | $34.5M | 4,571,200 |
| GEODE CAPITAL MANAGEMENT, LLC | $32.1M | 4,251,461 |
| STATE STREET CORP | $28.6M | 3,799,466 |
| JANE STREET GROUP, LLC | $21.8M | 2,896,000 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $18.7M | 2,483,302 |
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Popular Research
Is NEXT a good stock to buy?
13F Pro's AI-powered analysis of NextDecade Corp (NEXT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NEXT are available on the NEXT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NEXT is classified as a mid company.
Which hedge funds own NEXT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NEXT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NextDecade Corp's investment landscape.