NextDecade (NEXT) to Release Earnings on Wednesday

NextDecade (NASDAQ:NEXT) is expected to announce its Q2 2025 earnings results before the market opens on Wednesday, August 13th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.

NextDecade (NASDAQ:NEXT) last announced its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.23). On average, analysts expect NextDecade to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NextDecade Stock Up 3.5%

Shares of NextDecade stock opened at $10.70 on Tuesday. The stock has a market capitalization of $2.80 billion, a P/E ratio of -13.72 and a beta of 1.22. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.77. The stock has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $8.42. NextDecade has a 12-month low of $4.27 and a 12-month high of $12.12.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEXT. Comerica Bank lifted its holdings in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after buying an additional 1,900 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of NextDecade during the first quarter worth approximately $386,000. Millennium Management LLC lifted its holdings in shares of NextDecade by 10.1% during the first quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock worth $10,929,000 after buying an additional 128,568 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of NextDecade during the first quarter worth approximately $185,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NextDecade by 13.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company’s stock worth $2,157,000 after buying an additional 33,941 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NEXT shares. TD Cowen raised NextDecade from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, June 24th. Cowen raised NextDecade from a “hold” rating to a “buy” rating in a research report on Tuesday, June 24th. Seaport Res Ptn raised NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $15.00 target price (up previously from $10.00) on shares of NextDecade in a research report on Friday, July 11th.

About NextDecade

NextDecade Corp. is a development company.