NEXT NASDAQ
Nextdecade Corp
1W: +0.8%
1M: -4.0%
3M: +2.6%
YTD: +17.1%
1Y: +7.9%
3Y: +36.1%
5Y: +101.9%
$6.45
+0.15 (+2.38%)
After Hours: $6.58 (+0.12, +1.94%)
Weekly Expected Move ±7.7%
$5
$6
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Credit Risk of going bust: higher than 89% of companies Debt: 86.3% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.64 (down 74%), Nextdecade Corp would be worth roughly what it owes.
Total debt $10.54B against a stock market value of $1.68B.
Distance to default 1.78 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.21B (short-term plus half of long-term), stock volatility 60.0%; Altman Z'' -0.83. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $1.64 (down 74%), Nextdecade Corp would be worth roughly what it owes.
Total debt $10.54B against a stock market value of $1.68B.
Distance to default 1.78 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.21B (short-term plus half of long-term), stock volatility 60.0%; Altman Z'' -0.83. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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35 relationships35
As Filer
counterparties named
0
As Counterparty
mentioned by others
4
Rel. Types
2021-03-29
Earliest Filing
2025-10-16
Latest Filing
investor: 19
customer: 9
partner: 5
supplier: 2
Counterparties (Filed by NEXT)
35 relationshipsCompanies named in NEXT's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| Global Infrastructure Partners | — | investor | Lender in Super FinCo Credit Agreement via affiliate. | 2025-10-16 | View |
| GIP V Velocity Aggregator T5, L.P. | — | investor | Financial Investor Member in Train 5 Joint Venture. | 2025-10-16 | View |
| GIP V Velocity Acquisition Partners T5, L.P. | — | investor | GIP Member Owner in Train 5 Joint Venture subscription. | 2025-10-16 | View |
| GIM Participation Velocity, L.P. | — | investor | GIP Member Owner in Train 5 Joint Venture subscription. | 2025-10-16 | View |
| Devonshire Investment Pte. Ltd. | — | investor | GIC Member Owner in Train 5 Joint Venture subscription. | 2025-10-16 | View |
| MIC TI Holding Company 2 RSC Limited | — | investor | MIC Member Owner in Train 5 Joint Venture subscription. | 2025-10-16 | View |
| Global Infrastructure Partners | — | investor | Lender under Super FinCo Credit Agreement | 2025-09-10 | View |
| TotalEnergies SE | TTE | partner | Parent company of TTE Member, a JV member in Train 4 JVCo | 2025-09-10 | View |
| Bechtel Energy Inc. | — | partner | EPC contractor for Train 4 and Train 5 Projects | 2025-09-10 | View |
| Bechtel Energy, Inc. | — | supplier | Contractor for engineering, procurement, and construction of Rio Grande LNG Train 4 and Train 5 liquefaction facilities. | 2025-06-12 | View |
| Bechtel Energy, Inc. | — | supplier | EPC contractor for Rio Grande LNG Train 4 construction | 2024-08-08 | View |
| Rio Grande LNG, LLC | — | customer | Borrower of $251 million term loan facility for Phase 1 LNG trains | 2024-01-03 | View |
| TotalEnergies | TTE | investor | Financial investor and long-term LNG buyer holding 16.7% equity interest. | 2023-07-12 | View |
| Global Infrastructure Partners | — | investor | Financial investor committing $5.9 billion to the joint venture for Phase 1. | 2023-07-12 | View |
| GIC | — | investor | Financial investor committing to the joint venture for Phase 1. | 2023-07-12 | View |
| Mubadala Investment Company | — | investor | Financial investor committing to the joint venture for Phase 1. | 2023-07-12 | View |
| Bechtel Energy Inc. | — | partner | EPC contractor awarded the lump-sum turnkey engineering, procurement, and construction contract. | 2023-07-12 | View |
| Shell NA LNG LLC | RYDAF | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| ENN LNG Pte Ltd | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| Engie S.A. | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| ExxonMobil LNG Asia Pacific | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| Guangdong Energy Group | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| China Gas Hongda Energy Trading Co. | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| Galp Trading S.A. | — | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| Itochu Corporation | ITOCF | customer | Signatory to a long-term binding LNG sale and purchase agreement. | 2023-07-12 | View |
| Global Infrastructure Partners | — | investor | Majority investor in Phase 1 of Rio Grande LNG project | 2023-06-14 | View |
| TotalEnergies | TTE | investor | 16.67% investor in Phase 1 and LNG purchaser | 2023-06-14 | View |
| TotalEnergies | TTE | investor | Acquired 17.5% common stock position in NextDecade | 2023-06-14 | View |
| Avenue Energy Opportunities Fund II, L.P. | — | investor | Purchased 5,500 shares of Series C Convertible Preferred Stock and associated warrants for $5.5 million. | 2022-03-16 | View |
| TEP Next Decade, LLC | — | investor | Purchased Series C Convertible Preferred Stock and warrants for $5 million. | 2022-03-04 | View |
| Energy & Power Transition Partners, LLC | — | investor | Parent affiliate of TEP Next Decade, LLC. | 2022-03-04 | View |
| TEP Next Decade, LLC | — | investor | Purchaser of Series C Convertible Preferred Stock | 2021-08-02 | View |
| NextDecade Corporation | NEXT | partner | Company issuing Series C Convertible Preferred Stock | 2021-08-02 | View |
| NextDecade Corporation | NEXT | partner | Company issuing Series C Convertible Preferred Stock | 2021-03-29 | View |
| OGCI Climate Investments Holdings LLP | — | investor | Purchaser of Series C Convertible Preferred Stock | 2021-03-29 | View |
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-10-01 | Officer/Director Change | View | |
| 2026-07-02 | Material Agreement; Financial Obligation | Agreement | View |
| 2026-06-18 | Material Agreement; Financial Obligation | Agreement | View |
| 2026-06-03 | Officer/Director Change | View | |
| 2026-04-15 | Officer/Director Change | View | |
| 2025-11-18 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Unregistered Sale | Agreement | View |
| 2025-10-16 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Departure/Electio | Agreement | View |
| 2025-10-08 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-09-10 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Regulation FD Dis | Agreement | View |
| 2025-08-11 | Other Events | View | |
| 2025-07-31 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-06-13 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-06-12 | Entry into Material Definitive Agreement | Agreement | View |
| 2025-06-05 | Departure/Election of Directors; Appointment of Officers; Submission of Matters to a Vote of Securit | View | |
| 2025-05-15 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation | Agreement | View |
| 2025-03-27 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-01-06 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Unregistered Sale | Agreement | View |
| 2024-10-17 | Departure/Election of Directors; Appointment of Officers | View | |
| 2024-09-26 | Departure/Election of Directors; Appointment of Officers | View | |
| 2024-08-08 | Entry into Material Definitive Agreement | Agreement | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR