6.30
+8.62%
Close of 9 Nov 2026, in USD
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About NextDecade
From its filings with the US Securities and Exchange Commission
NextDecade is based in Houston, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker NEXT. The SEC classifies its business as natural gas transmisison & distribution. In the fiscal year to 31 December 2025, it reported revenue of $0 and a net loss of $429.6m. At that date it held total assets of $12.43bn and shareholders' equity of $95.3m.
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.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 24 Mar 2015
- Employees
- 360
- Website
- next-decade.com ↗
- Head office
- 1000 LOUISIANA STREET, HOUSTON, TX, 77002
- Incorporated in
- DE
- Classification
- Natural Gas Transmisison & Distribution
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Matthew SchatzmanChairman of the Board, Chief Executive Officer, since 2017$4.7m
- Mr. Brent WahlChief Financial Officer$2.0m
- Mr. Tarik SkeikChief Operating Officer
- Ms. Vera De GyarfasGeneral Counsel, Corporate Secretary$1.5m
- Mr. William VrattosLead Independent Director
- Ms. Pamela BeallDirector
- Mr. In ParkDirector
- Ms. Diana SandsDirector
- Mr. Brian BelkeIndependent Director$254,998
- Sir Frank ChapmanIndependent Director$239,995
- Mr. Avinash KripalaniIndependent Director
- Mr. Arnaud Lenail-ChouteauIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 29
- Environment
- 6
- Social
- 54
- Governance
- 26
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- NextDecade Corp has a strong and experienced leadership team led by industry experts.
- The company has a diverse and strategic portfolio of liquefied natural gas (LNG) projects.
- NextDecade Corp has secured long-term supply contracts with key customers, ensuring stable revenue streams.
- The company's projects benefit from the proximity to abundant and low-cost natural gas resources.
Weaknesses
- NextDecade Corp heavily relies on the successful development and completion of its LNG projects, carrying execution risks.
- The company's financial position may be negatively impacted by fluctuations in commodity prices and global LNG demand.
- NextDecade Corp faces intense competition from other LNG players in the market.
- Regulatory and environmental challenges may affect the company's ability to obtain necessary permits and approvals.
Opportunities
- The increasing global demand for natural gas and LNG presents growth opportunities for NextDecade Corp.
- Advancements in technology and infrastructure development open doors for expanding the company's LNG market share.
- NextDecade Corp can leverage strategic partnerships and collaborations to enhance its project execution and market reach.
- The company can capitalize on emerging markets and new LNG importers to diversify its customer base.
Threats
- Economic downturns and geopolitical uncertainties can impact global LNG demand and prices, posing risks to NextDecade Corp.
- Changes in regulatory policies, including tariffs and trade agreements, may disrupt the company's operations and profitability.
- Competitors with larger financial resources and established market presence can pose challenges to NextDecade Corp's market share.
- Environmental and sustainability concerns may lead to stricter regulations on natural gas usage and development.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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