NEXT NextDecade Corporation — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
Feb-24-26	Reiterated	Morgan Stanley	Equal Weight	$7.00
Feb-06-26	Initiated	Capital One	Overweight	$7.00
Sep-15-25	Downgrade	TD Cowen	Buy → Hold
Sep-12-25	Downgrade	Morgan Stanley	Overweight → Equal Weight
Jun-13-24	Reiterated	Stifel Nicolaus	Hold	$9.00 → $13
Aug-16-23	Upgrade	Wolfe Research	Peer Perform → Outperform
Aug-15-23	Reiterated	Stifel Nicolaus	Hold	$4.50 → $9.00
Aug-15-23	Upgrade	Stifel	Hold → Buy
Jul-28-22	Upgrade	Stifel	Sell → Hold
May-02-22	Reiterated	Stifel Nicolaus	Hold	$4.00 → $4.50

Financial Statements

DataTimeframe

Line Item (USD, M)		FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018	FY 2017 12/31/2017
Total Revenue		0	0	0	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		12	13	6
Gross Profit		-12	-13	-6
Selling, General and Administrative Excl. Other		202	150	111
Research and Development		8	8	5
Other Operating Expense		4	0	0
Operating Income		-226	-171	-123
Interest Expense		170	88	85
Unusual Expense		—	—	—
Non-Operating Income (Expense)		114	-471	90
Net Income Before Taxes		-430	277	-222
Income Taxes		0	0	0
Consolidated Net Income		-306	-62	-162
Net Income From Continuing Operations		-430	277	-222
Net Income		-306	-62	-162
EPS (Recurring)		-1.17	-0.24	-0.94
EPS (Basic, Before Extraordinaries)		-1.17	-0.24	-0.94
EPS (Diluted)		-1.17	-0.24	-0.94
EBITDA		-328	306	-210
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		—	—	—
Price To Sales Ratio		—	—	—
Gross Margin		—	—	—
Operating Margin		—	—	—
Net Margin		—	—	—
Shares Outstanding		262	259	195
Market Capitalization		1,381	—	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Beall Pamela K.M.	Director	Mar 23 '26	Buy	7.07	71,500	505,505	71,500	Mar 25 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 12 '25	Buy	5.54	800,000	4,431,280	26,420,222	Dec 15 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 11 '25	Buy	5.83	851,971	4,968,098	25,620,222	Dec 15 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 10 '25	Buy	6.05	600,000	3,631,200	24,768,251	Dec 10 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 09 '25	Buy	6.36	293,131	1,864,225	24,168,251	Dec 10 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 08 '25	Buy	6.26	39,467	246,988	23,875,120	Dec 10 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 05 '25	Buy	6.21	151,058	938,614	23,835,653	Dec 05 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 04 '25	Buy	6.19	243,959	1,511,155	23,684,595	Dec 05 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 03 '25	Buy	6.04	241,946	1,460,701	23,440,636	Dec 05 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 02 '25	Buy	5.93	310,964	1,844,483	23,198,690	Dec 02 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Dec 01 '25	Buy	6.05	205,160	1,242,141	22,887,726	Dec 02 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Nov 28 '25	Buy	6.12	111,084	679,712	22,682,566	Dec 02 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Nov 26 '25	Buy	5.95	175,142	1,042,725	22,571,482	Nov 26 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Nov 25 '25	Buy	5.73	285,502	1,635,355	22,396,340	Nov 26 12:00 AM
Hanwha Aerospace Co., Ltd.	10% Owner	Nov 24 '25	Buy	5.59	445,109	2,489,806	22,110,838	Nov 26 12:00 AM