NextDecade (NASDAQ:NEXT) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

NextDecade (NASDAQ:NEXT) released its earnings results on Thursday. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.66) by $0.15, Zacks reports.

NextDecade Stock Performance

NextDecade stock remained flat at $7.83 during mid-day trading on Friday. The company’s stock had a trading volume of 5,078,669 shares, compared to its average volume of 3,751,745. The company has a 50 day simple moving average of $6.85 and a 200 day simple moving average of $6.02. The company has a market capitalization of $2.07 billion, a PE ratio of -6.69 and a beta of 1.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.70. NextDecade has a 12 month low of $4.75 and a 12 month high of $12.12.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NEXT shares. Morgan Stanley boosted their target price on NextDecade from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Capital One Financial started coverage on NextDecade in a research report on Friday, February 6th. They set an “overweight” rating and a $7.00 target price on the stock. Finally, TD Cowen cut their target price on NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NextDecade currently has an average rating of “Hold” and an average price target of $7.00.

More NextDecade News

Here are the key news stories impacting NextDecade this week:

• Positive Sentiment: Q1 earnings beat: NEXT reported a loss-per-share of ($0.51) vs. consensus ($0.66), beating estimates and providing upside to expectations; management hosted a call and released a slide deck/press release with details. Read More.
• Positive Sentiment: Management action on shipping: CEO said NextDecade will charter more ships to support future LNG liftings — a practical move to reduce delivery/logistics risk for planned export volumes and to improve project execution confidence. Read More.
• Neutral Sentiment: Detailed disclosures available: The full earnings call transcript and the investor presentation were published, giving investors more transparency on timeline, cash needs and project status — useful for modeling but not a directional catalyst by itself. Read More. • Read More.
• Neutral Sentiment: Press coverage/summary: Local and trade press provided Q1 snapshots and analysis that summarize results and context for project timelines; useful for investors but largely descriptive. Read More.
• Negative Sentiment: Analyst stance unchanged: Brokerages’ consensus rating remains around “Hold,” signaling no broad upgrade from the sell side and limiting immediate bullish momentum. Read More.
• Negative Sentiment: Market debate and volatility: Coverage highlighting a recent slide and ensuing debate has amplified short-term volatility and may pressure the stock despite the earnings beat. Read More.

Insider Buying and Selling

In other NextDecade news, Director Pamela K.M. Beall acquired 71,500 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were bought at an average price of $7.07 per share, with a total value of $505,505.00. Following the transaction, the director directly owned 71,500 shares of the company’s stock, valued at $505,505. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On NextDecade

Hedge funds have recently bought and sold shares of the business. US Bancorp DE grew its position in NextDecade by 22,782.4% in the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after acquiring an additional 3,873 shares during the last quarter. Raymond James Financial Inc. bought a new position in NextDecade in the 2nd quarter valued at $36,000. Comerica Bank grew its position in NextDecade by 88.0% in the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after acquiring an additional 1,900 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in NextDecade by 111.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock valued at $38,000 after acquiring an additional 3,792 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in NextDecade in the 4th quarter valued at $41,000. Institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.