NextDecade (NASDAQ:NEXT) Issues Earnings Results

NextDecade (NASDAQ:NEXT) posted its quarterly earnings data on Thursday. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15, Zacks reports.

NextDecade Price Performance

NEXT stock remained flat at $7.83 during mid-day trading on Friday. 5,078,669 shares of the company’s stock traded hands, compared to its average volume of 3,751,745. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -6.69 and a beta of 1.65. The firm’s 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $6.02. NextDecade has a one year low of $4.75 and a one year high of $12.12.

Key Stories Impacting NextDecade

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.

Insiders Place Their Bets

In related news, Director Pamela K.M. Beall bought 71,500 shares of the stock in a transaction on Monday, March 23rd. The stock was bought at an average price of $7.07 per share, with a total value of $505,505.00. Following the completion of the purchase, the director directly owned 71,500 shares in the company, valued at $505,505. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in NextDecade by 1.5% during the third quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock worth $829,000 after buying an additional 1,800 shares during the period. Comerica Bank boosted its stake in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares during the period. Captrust Financial Advisors boosted its stake in shares of NextDecade by 6.2% in the second quarter. Captrust Financial Advisors now owns 55,444 shares of the company’s stock valued at $494,000 after purchasing an additional 3,219 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of NextDecade by 111.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock valued at $38,000 after purchasing an additional 3,792 shares during the period. Finally, US Bancorp DE boosted its stake in shares of NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after purchasing an additional 3,873 shares during the period. Hedge funds and other institutional investors own 66.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NEXT shares. TD Cowen reduced their price objective on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Thursday, March 5th. Capital One Financial began coverage on shares of NextDecade in a research report on Friday, February 6th. They set an “overweight” rating and a $7.00 price objective for the company. Weiss Ratings upgraded shares of NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, Morgan Stanley increased their target price on shares of NextDecade from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.00.

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.