Security
NextDecade Corporation Common Stock · NEXT
NEXTNASDAQCommon stockCurrentCIK 1612720Updated Oct 30, 2026
Name history
NextDecade Corp. · through Jun 13, 2025Harmony Merger Corp. · through Jul 25, 2017
NEXT price & chart
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Seeking Alpha
NextDecade Corporation (NEXT) Q3 2026 Earnings Call Transcript ↗
NextDecade Corporation 2026 Q3 - Results - Earnings Call Presentation ↗
SEC disclosures
NextDecade Corp files 8-K: Material Event ↗
Recent filings
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
4 filing
4 filing
S-8 filing
Show 5 more recent filings
10-Q filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03
4 filing
3 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 10,008,819,000Source | 5,123,962,000Source | 15,205,221,000Source | 7,864,850,000Source | 4,757,174,000Source | 13,231,740,000Source | 6,893,670,000Source | 4,175,883,000Source | 12,425,828,000Source | 6,404,059,000Source | 3,323,801,000Source | 312,430,000Source |
| Property, Plant and Equipment, NetUSD | 8,470,021,000Source | 4,329,376,000Source | 13,080,147,000Source | 6,589,331,000Source | 3,733,783,000Source | 11,663,941,000Source | 5,702,709,000Source | 3,158,242,000Source | 10,568,311,000Source | 5,020,003,000Source | 2,437,733,000Source | 218,646,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 209,402,000Source | 38,230,000Source | 83,678,000Source | 158,537,000Source | 38,142,000Source | 143,120,000Source | 130,938,000Source | 45,753,000Source | 143,782,000Source | 148,137,000Source | 38,241,000Source | 62,789,000Source |
| Assets, CurrentUSD | 764,819,000Source | 271,373,000Source | 631,906,000Source | 476,848,000Source | 224,055,000Source | 487,520,000Source | 404,785,000Source | 283,918,000Source | 718,049,000Source | 412,572,000Source | 314,525,000Source | 63,938,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 10,465,000Source | 1,322,000Source | 120,234,000Source | 6,699,000Source | 2,103,000Source | 9,255,000Source | 4,368,000Source | 3,193,000Source | 10,961,000Source | 2,943,000Source | 2,089,000Source | 1,149,000Source |
| Operating Lease, Right-of-Use AssetUSD | 163,577,000Source | 167,168,000Source | 136,793,000Source | 163,909,000Source | 168,255,000Source | 135,147,000Source | 164,995,000Source | 169,504,000Source | 162,493,000Source | 166,082,000Source | 170,827,000Source | 1,474,000Source |
| Other Assets, NoncurrentUSD | 36,349,000Source | 15,557,000Source | 67,031,000Source | 49,311,000Source | 15,556,000Source | 50,436,000Source | 24,996,000Source | 17,054,000Source | 21,654,000Source | 15,557,000Source | 11,021,000Source | 28,372,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 8,032,472,000Source | 4,078,231,000Source | 12,388,619,000Source | 5,999,326,000Source | 3,478,390,000Source | 10,871,596,000Source | 5,170,132,000Source | 3,044,846,000Source | 10,124,741,000Source | 4,659,673,000Source | 2,583,367,000Source | 55,616,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | — | 14,000Source |
| Additional Paid in CapitalUSD | 903,614,000Source | 1,209,753,000Source | 942,362,000Source | 884,656,000Source | 1,043,307,000Source | 903,508,000Source | 865,745,000Source | 897,805,000Source | 893,131,000Source | 852,054,000Source | 693,883,000Source | 289,084,000Source |
| Retained Earnings (Accumulated Deficit)USD | -712,677,000Source | -519,201,000Source | -961,789,000Source | -603,195,000Source | -396,002,000Source | -896,363,000Source | -542,328,000Source | -363,426,000Source | -759,957,000Source | -453,523,000Source | -391,772,000Source | -230,140,000Source |
| Stockholders' Equity Attributable to ParentUSD | 154,485,000Source | 669,787,000Source | -57,280,000Source | 260,480,000Source | 393,842,000Source | -30,708,000Source | 302,478,000Source | 416,893,000Source | 95,338,000Source | 377,641,000Source | 287,923,000Source | 54,371,000Source |
| Liabilities and EquityUSD | 10,008,819,000Source | 5,123,962,000Source | 15,205,221,000Source | 7,864,850,000Source | 4,757,174,000Source | 13,231,740,000Source | 6,893,670,000Source | 4,175,883,000Source | 12,425,828,000Source | 6,404,059,000Source | 3,323,801,000Source | 312,430,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,193,973,000Source | 558,274,000Source | 1,692,506,000Source | 683,884,000Source | 499,555,000Source | 1,214,358,000Source | 475,680,000Source | 505,650,000Source | 1,336,030,000Source | 595,084,000Source | 552,387,000Source | 25,361,000Source |
| Operating Lease, Liability, CurrentUSD | 3,296,000Source | 2,887,000Source | 1,633,000Source | 2,995,000Source | 2,846,000Source | 1,294,000Source | 2,847,000Source | 2,972,000Source | 3,883,000Source | 2,881,000Source | 3,143,000Source | 1,093,000Source |
| Accounts Payable, CurrentUSD | 428,860,000Source | 224,358,000Source | 327,168,000Source | 311,704,000Source | 131,800,000Source | 298,124,000Source | 256,765,000Source | 175,384,000Source | 443,947,000Source | 244,642,000Source | 243,129,000Source | 1,084,000Source |
| Operating Lease, Liability, NoncurrentUSD | 143,260,000Source | 144,588,000Source | 118,932,000Source | 143,227,000Source | 145,026,000Source | 117,627,000Source | 143,787,000Source | 145,466,000Source | 142,266,000Source | 144,164,000Source | 145,962,000Source | 465,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 23,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,821,862,000Source | 375,944,000Source | 2,873,882,000Source | 1,605,044,000Source | 645,820,000Source | 2,390,852,000Source | 1,421,060,000Source | 610,940,000Source | 2,205,749,000Source | 1,366,745,000Source | 452,511,000Source | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 761,817,000Source | 331,029,000Source | 1,363,705,000Source | 369,185,000Source | 364,909,000Source | 914,940,000Source | 216,068,000Source | 321,997,000Source | 888,200,000Source | 347,561,000Source | 299,264,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | — | — | — | — | — | 8,510,925,000Source | 3,920,425,000Source | 1,816,301,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 6,609,434,000Source | 3,315,150,000Source | 10,416,607,000Source | 5,170,547,000Source | 2,833,809,000Source | 9,355,258,000Source | 4,549,202,000Source | 2,393,730,000Source | 8,510,925,000Source | 3,920,425,000Source | 1,816,301,000Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -184,756,000Source | -393,075,000Source | -60,183,000Source | -70,632,000Source | -195,040,000Source | -245,228,000Source | -429,637,000Source | 277,447,000Source | -221,640,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 5,449,000Source | 6,602,000Source | 39,211,000Source | 19,907,000Source | 26,553,000Source | 7,472,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 2,485,000Source | 2,071,000Source | 2,170,000Source | -2,222,000Source | 4,057,000Source | 684,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -110,834,000Source | -68,826,000Source | -169,397,000Source | -95,585,000Source | -73,620,000Source | -40,076,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -1,176,674,000Source | -779,409,000Source | -4,852,904,000Source | -2,574,205,000Source | -1,752,800,000Source | -40,888,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 1,176,674,000Source | 769,971,000Source | 4,846,807,000Source | 2,567,801,000Source | 1,737,636,000Source | 33,753,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 18,000Source | 49,000Source | 16,946,000Source | 6,702,000Source | 9,627,000Source | 3,272,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,045,483,000Source | 841,621,000Source | 5,336,627,000Source | 2,768,074,000Source | 2,058,109,000Source | 118,201,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -242,025,000Source | -6,614,000Source | 314,326,000Source | 98,284,000Source | 231,689,000Source | 37,237,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 744,674,000Source | 265,798,000Source | 499,569,000Source | 457,039,000Source | 465,063,000Source | 386,147,000Source | 707,088,000Source | 392,762,000Source | 294,478,000Source | 62,789,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 37,772,000Source | 27,299,000Source | 30,087,000Source | 3,557,000Source | 23,365,000Source | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 13,100,000Source | 5,000,000Source | — | 7,200,000Source | — | 6,600,000Source | 39,200,000Source | 19,900,000Source | 26,553,000Source | 7,472,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | 18,006,000Source | 16,154,000Source | 30,379,000Source | 16,995,000Source | 29,542,000Source | 16,916,000Source | 80,470,000Source | 65,336,000Source | 41,390,000Source | — |
| DepreciationUSD | — | — | — | — | — | — | 378,000Source | 613,000Source | 1,785,000Source | 1,931,000Source | 168,000Source | 162,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | -74,141,000Source | -329,733,000Source | 116,075,000Source | 25,157,000Source | -62,110,000Source | -168,700,000Source | -11,006,000Source | 586,541,000Source | -44,803,000Source | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | 0Source | 5,712,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source | -32,451,000Source | -9,160,000Source | — | 0Source | -30,138,000Source | -49,314,000Source | -9,531,000Source | — |
| General and Administrative ExpenseUSD | — | — | 66,105,000Source | 43,598,000Source | 30,298,000Source | 36,875,000Source | 49,941,000Source | 44,942,000Source | 202,285,000Source | 150,109,000Source | 111,468,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | 0Source |
| InterestExpenseNonoperatingUSD | — | — | 38,632,000Source | 15,905,000Source | 90,777,000Source | 31,634,000Source | 79,247,000Source | 27,205,000Source | 170,011,000Source | 87,539,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | — | — | -195,040,000Source | -245,228,000Source | -429,637,000Source | 277,447,000Source | — | -60,071,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -75,274,000Source | -269,876,000Source | 5,243,000Source | -9,765,000Source | -58,634,000Source | -156,423,000Source | -123,203,000Source | 339,198,000Source | -59,379,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -109,482,000Source | -123,199,000Source | -65,426,000Source | -60,867,000Source | -136,406,000Source | -88,805,000Source | -306,434,000Source | -61,751,000Source | -182,745,000Source | -84,353,000Source |
| Nonoperating Income (Expense)USD | — | — | -112,793,000Source | -343,919,000Source | -5,611,000Source | -14,364,000Source | -139,925,000Source | -193,312,000Source | -203,706,000Source | 448,522,000Source | -98,972,000Source | -5,596,000Source |
| Operating ExpensesUSD | — | — | 71,963,000Source | 49,156,000Source | 54,572,000Source | 56,268,000Source | 55,115,000Source | 51,916,000Source | 225,931,000Source | 171,075,000Source | 122,668,000Source | 54,475,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 2,559,000Source | — | — | — | — | — | 10,775,000Source | 6,141,000Source | — |
| Other Nonoperating Income (Expense)USD | — | — | -20,000Source | 1,719,000Source | 1,542,000Source | 1,273,000Source | 1,432,000Source | 2,593,000Source | 7,449,000Source | -1,166,000Source | 7,526,000Source | 151,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 254,400,000Source | 115,000,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | 248,666,000Source | 215,000,000Source | 981,667,000Source | 676,000,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | —Source | — | — | — | — |
| Operating Costs and Expenses | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Operating Income (Loss)USD | — | — | -71,963,000Source | -49,156,000Source | -54,572,000Source | -56,268,000Source | -55,115,000Source | -51,916,000Source | -225,931,000Source | -171,075,000Source | -122,668,000Source | -54,475,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -20,000Source | 1,719,000Source | 1,542,000Source | 1,273,000Source | 1,432,000Source | 2,593,000Source | 7,449,000Source | -1,166,000Source | 7,526,000Source | 151,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -75,274,000Source | -269,876,000Source | 5,243,000Source | -9,765,000Source | -58,634,000Source | -156,423,000Source | -123,203,000Source | 339,198,000Source | -59,379,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | — | — | — | -195,040,000Source | -245,228,000Source | -429,637,000Source | 277,447,000Source | — | -60,071,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.42Source | -0.47Source | -0.25Source | -0.23Source | -0.51Source | -0.34Source | -1.17Source | -0.24Source | -0.94Source | -0.65Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.42Source | -0.47Source | -0.25Source | -0.23Source | -0.51Source | -0.34Source | -1.17Source | -0.24Source | -0.94Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 262,581,000Source | 259,379,000Source | 265,043,000Source | 260,877,000Source | 264,908,000Source | 260,405,000Source | 262,164,000Source | 258,535,000Source | 194,595,000Source | 130,136,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 262,581,000Source | 259,379,000Source | 265,387,000Source | 260,877,000Source | 264,908,000Source | 260,405,000Source | 262,164,000Source | 258,535,000Source | 194,595,000Source | 130,136,000Source |
| Interest Expense (non-operating)USD | — | — | 38,632,000Source | 15,905,000Source | 90,777,000Source | 31,634,000Source | 79,247,000Source | 27,205,000Source | 170,011,000Source | 87,539,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 2,977,000Source | 3,172,000Source | 7,897,000Source | 393,000Source | 3,031,000Source | 3,149,000Source | 12,122,000Source | — | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | -74,141,000Source | -329,733,000Source | 116,075,000Source | 25,157,000Source | -62,110,000Source | -168,700,000Source | -11,006,000Source | 586,541,000Source | -44,803,000Source | — |
| General and Administrative ExpenseUSD | — | — | 66,105,000Source | 43,598,000Source | 30,298,000Source | 36,875,000Source | 49,941,000Source | 44,942,000Source | 202,285,000Source | 150,109,000Source | 111,468,000Source | — |
| Interest ExpenseUSD | — | — | 40,279,000Source | 15,905,000Source | 90,777,000Source | 31,634,000Source | 79,247,000Source | 27,205,000Source | 170,011,000Source | 87,539,000Source | 50,285,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -109,482,000Source | -123,199,000Source | -65,426,000Source | -60,867,000Source | -136,406,000Source | -88,805,000Source | -306,434,000Source | -61,751,000Source | -182,745,000Source | -84,353,000Source |
| Nonoperating Income (Expense)USD | — | — | -112,793,000Source | -343,919,000Source | -5,611,000Source | -14,364,000Source | -139,925,000Source | -193,312,000Source | -203,706,000Source | 448,522,000Source | -98,972,000Source | -5,596,000Source |
| Operating ExpensesUSD | — | — | 71,963,000Source | 49,156,000Source | 54,572,000Source | 56,268,000Source | 55,115,000Source | 51,916,000Source | 225,931,000Source | 171,075,000Source | 122,668,000Source | 54,475,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 2,559,000Source | — | — | — | — | — | 10,775,000Source | 6,141,000Source | — |
| Other General ExpenseUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 3,518,000Source | 3,518,000Source | — | — | — |
| Research and Development ExpenseUSD | — | — | 2,881,000Source | 2,386,000Source | 2,850,000Source | 1,248,000Source | 2,143,000Source | 307,000Source | 8,006,000Source | 8,260,000Source | 4,891,000Source | — |
| Operating Costs and Expenses | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
Offerings
Registration 333-295845
Filing attachments
ex107-2q26.htm · 10-Q · 2026-07-30
Exhibit 10.7 CERTAIN INFORMATION OF THIS DOCUMENT HAS BEEN REDACTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. INFORMATION THAT WAS OMITTED HAS BEEN NOTED IN THIS DOCUMENT WITH A PLACEHOLDER IDENTIFIED BY THE MARK “[***].” CHANGE ORDER (for use when the Parties mutually agree upon and execute the Change Order pursuant to Section 6.1D or 6.2C) PROJECT NAME: Rio Grande Natural Gas Liquefaction Facility …
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