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NEXTNEXTEnergy · Oil & Gas Equipment & Services

NEXT Stock Forecast: NextDecade Corp. Price Predictions for 2026-2027

Last close, 10 Sept 2026
$7.67
+1.72% on the day

The 5 Wall Street analysts covering NextDecade Corp. hold a median 12-month price target of $8.5 — +10.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 5 of 100 as at 9 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$2.0B
Ticker Nerd rank
5 / 100
Median analyst target
$8.50
Analysts covering
5
Revenue$0.0
Operating income−$54.6M
Net income−$60.2M
Free cash flow−$997.9M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+3.1%
1M
+9.9%
YTD
+45.5%
1Y
−5.1%
From 52W high
−15.9%
From 52W low
+59.8%
$4.80
$9.12
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

NEXT stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores NextDecade Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 9 Sept 2026
5 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
53
Size
36
Momentum
35
Growth
23
Accruals
21
Quality
15
Issuance
13
Volatility
9
Value
2

Revisions (53): Analysts have, on balance, been raising their forecasts.

Value (2): The shares cost a lot relative to the profits and assets behind them.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

NEXT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on NEXT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$4.00$6.00$8.00$10.00$12.00Oct 25Jan 26Apr 26Jul 26NEXTHigh $11.00Median $8.50Low $7.00

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says5 analysts
2 Buy3 Hold0 Sell
Low $7.00Median $8.50High $11.00

The green dot is the last close — the median target sits +10.8% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
16 July 2026Goldman SachsInitiatesNeutral$8.50
13 May 2026CitigroupInitiatesBuy$11
13 May 2026CitigroupInitiatesBuy—
21 Apr 2026Morgan StanleyMaintainsEqual-Weight—
24 Feb 2026Morgan StanleyMaintainsEqual-Weight—
15 Sept 2025TD CowenDowngradeHold—
12 Sept 2025Morgan StanleyDowngradeEqual-Weight—
11 July 2025Morgan StanleyMaintainsOverweight—
6 June 2024TD CowenMaintainsHold—
16 Aug 2023Wolfe ResearchUpgradeOutperform—
15 Aug 2023StifelUpgradeBuy—
26 Oct 2022Morgan StanleyMaintainsOverweight—
28 July 2022StifelUpgradeHold—
26 Apr 2022StifelDowngradeSell—
1 Apr 2022Credit SuisseDowngradeNeutral—
16 Feb 2022Morgan StanleyMaintainsOverweight—
8 June 2021Evercore ISI GroupUpgradeOutperform—
7 June 2021Morgan StanleyUpgradeOverweight—
26 Mar 2021Morgan StanleyUpgradeEqual-Weight—
24 Mar 2021Credit SuisseUpgradeOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. NEXT appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

NEXT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 10 Sept 2026, NextDecade Corp. returned −5.1% against +17.5% for the S&P 500, dividends included.

NEXT vs S&P 500, last 12 monthsTotal return, rebased to 100
60708090100110120Oct 25Jan 26Apr 26Jul 26NEXTS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

NEXT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
1
Analysts cutting
0
Fundamentals

NextDecade Corp. (NEXT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
57.2×

Cheaper than 13% of US stocks

Price / sales
—
Price / book
0.7×

Cheaper than 81% of US stocks

EV / EBITDA
−70.8×

Cheaper than 95% of US stocks

Growth & margins
Revenue growth (YoY)
—
Earnings growth (YoY)
—
Gross margin
—
Operating margin
0.0%

Higher than 32% of US stocks

Net margin
0.0%

Higher than 30% of US stocks

Returns & dividend
Return on equity
−15.8%

Higher than 33% of US stocks

Return on assets
−1.2%

Higher than 39% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

NextDecade Corp. (NEXT) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • NextDecade Corp. has a market value of $2.0B and an enterprise value of $15.5B.

  • Revenue in the twelve months to 30 June 2026: $0.0.

  • Net income over the same four quarters: −$369.0M.

  • Free cash flow in the twelve months to 30 June 2026: −$5.7B.

  • Shares outstanding: 264.9M.

  • Trailing P/E: 57.2×; forward P/E: 51.1× — the forward figure prices analyst consensus estimates, not reported earnings.

  • NextDecade Corp. employs 360 people.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 11 Sept 2026

Data provided by Twelve Data

Peers

NEXT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas Equipment & Services
CompanyMarket capTKN rank
NEXTNextDecade Corp.$2.0B
5
XPROExpro Ltd.$2.1B
63
INVXInnovex International, Inc.$2.1B
79
FLOCFlowco Holdings, Inc.$1.9B
33
AESIAtlas Energy Solutions, Inc.$1.8B
6
WTTRSelect Water Solutions, Inc.$2.5B
65
HLXHornbeck Offshore Services, Inc.$1.6B
—

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own NextDecade Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest NEXT news & analysis

Strong Midstream 2Q26 Earnings Boost Full-Year Outlook

ETF Trends · 25 Aug 2026positive

Midstream MLPs and corporations reported strong second-quarter earnings, driven by record volume throughput, strong margins, and robust demand for natural gas and NGL exports. The earnings also highlighted the defensive nature of their fee-based cash flows.

Why it matters — As an LNG export-focused company, NextDecade stands to benefit from the same robust natural gas and NGL demand and strong midstream fundamentals highlighted in the earnings results.

NextDecade: The Ownership Staircase Is The Real Bull Case

Seeking Alpha · 22 Aug 2026positive

NextDecade is advancing five LNG trains at Rio Grande, supported by long-term contracts and fully wrapped EPC agreements that mitigate construction and cost overrun risks. Its economic interest rises from 20.8% in Phase 1 to 60% in Train 4 and 70% in Train 5, with Train 6 offering further potential for accretion.

Why it matters — A NEXT watcher would care because the increasing ownership stake across successive trains, along with commissioning LNG sales at margins above $3.00 per MBtu and a forward price-to-book of 0.41, highlights potential undervaluation and near-term cash flow catalysts.

Midstream Companies Expand Natural Gas Pipelines as LNG & AI Demand Grows

ETF Trends · 7 Aug 2026positive

Midstream energy companies are expanding natural gas pipelines through acquisitions and project developments to capture growing demand driven by LNG exports and data centers. Williams Companies announced a $5.5 billion acquisition of Momentum Midstream as part of this trend.

Why it matters — A NEXT watcher would care because growing midstream pipeline expansion reflects rising natural gas demand from LNG exports, a key driver for NextDecade's LNG business.

NextDecade Corporation (NEXT) Q2 2026 Earnings Call Transcript

Seeking Alpha · 31 July 2026neutral

NextDecade Corporation held its Q2 2026 earnings call, during which management discussed the company's quarterly financial results and operational performance. The transcript of that call has been published by Seeking Alpha.

Why it matters — Earnings call transcripts provide NEXT investors with direct insight into management's commentary on financial results, project updates, and strategic direction.

NextDecade Q2 Earnings Call Highlights

MarketBeat · 30 July 2026positive

NextDecade reported in its Q2 earnings call that construction of the Rio Grande LNG Phase 1 project is ahead of schedule, with first gas targeted for late 2026 and first LNG production from Train 1 expected in the first half of 2027.

Why it matters — Progress ahead of schedule on the Rio Grande LNG project brings NextDecade closer to its first revenue-generating production milestone.

FAQ

Frequently asked questions about NEXT stock

What is the NEXT stock price forecast for 2026-2027?

The 5 Wall Street analysts covering NextDecade Corp. have a median 12-month price target of $8.5, with estimates ranging from $7 to $11. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is NEXT stock a buy right now?

Of the 5 analysts covering NextDecade Corp., 2 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks NextDecade Corp. 5 out of 100 across roughly 4,600 US stocks as at 9 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank NEXT?

As at 9 Sept 2026, NextDecade Corp. ranks 5 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (53 of 100).

Will NEXT stock go up?

No one can know that. What the data says: the median 12-month target from 5 analysts implies +10.8% from the last close, and Ticker Nerd's factor model ranks NextDecade Corp. 5 out of 100 as at 9 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the NEXT stock forecast for 2030?

No analyst covering NextDecade Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NEXT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $7 to $11 over the next 12 months.

How has NEXT stock performed over the past year?

NextDecade Corp. returned -5.1% over the 12 months to 10 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does NextDecade Corp. do?

NextDecade Corporation is an energy company focused on the development, construction, and operation of liquefied natural gas infrastructure in the United States. NextDecade Corporation’s core business centers on the Rio Grande LNG project near Brownsville, Texas, where it develops large-scale liquefaction and export facilities designed to move U.S.

What is the latest news on NEXT?

The most recent item we track (ETF Trends, 25 Aug 2026): "Strong Midstream 2Q26 Earnings Boost Full-Year Outlook". Midstream MLPs and corporations reported strong second-quarter earnings, driven by record volume throughput, strong margins, and robust demand for natural gas and NGL exports. The earnings also highlighted the defensive nature of their fee-based cash flows.

Company

About NextDecade Corp.

NextDecade Corporation is an energy company focused on the development, construction, and operation of liquefied natural gas infrastructure in the United States. NextDecade Corporation’s core business centers on the Rio Grande LNG project near Brownsville, Texas, where it develops large-scale liquefaction and export facilities designed to move U.S. natural gas into global markets. The company also works on carbon capture and storage initiatives, including projects linked to its LNG operations and other industrial applications, reflecting a broader emphasis on lower-emission energy solutions. In addition to infrastructure development, NextDecade Corporation is involved in LNG sales and associated midstream activities that support the natural gas supply chain. Based in Houston, Texas, NextDecade Corporation plays a specialized role in the North American LNG market by linking domestic gas resources with international demand through export-focused energy infrastructure.

CEO Mr. Matthew K. Schatzman · 360 employees · United States · https://www.next-decade.com