NextDecade Corporation (NEXT) Bundle
A Brief History of NextDecade Corporation (NEXT)
Company Overview
NextDecade Corporation is a liquefied natural gas (LNG) development company headquartered in Houston, Texas. The company focuses on developing LNG export projects in the United States.
Rio Grande LNG Project
NextDecade's primary project is the Rio Grande LNG terminal located in Brownsville, Texas. As of 2024, the project has the following key specifications:
| Project Parameter | Specification |
|---|---|
| Total Production Capacity | 27 million tonnes per annum (MTPA) |
| Estimated Capital Cost | Approximately $4.5 billion |
| Expected Construction Timeline | 2024-2026 |
Financial Performance
Financial details for NextDecade Corporation in 2024:
| Financial Metric | Amount |
|---|---|
| Market Capitalization | $1.2 billion |
| Annual Revenue | $38.5 million |
| Net Loss | $62.3 million |
Strategic Partnerships
NextDecade has established key partnerships in the LNG sector:
- Shell plc - Offtake agreement for Rio Grande LNG
- Mitsui & Co. - Equity investment in the project
- TechnipFMC - Engineering and construction support
Stock Performance
Stock details for NEXT as of 2024:
- Stock Exchange Listing: NASDAQ
- Trading Price: $3.45 per share
- 52-Week Range: $2.12 - $4.87
Environmental Commitments
NextDecade has committed to carbon capture and reduction strategies for its LNG projects, targeting a 90% carbon intensity reduction by 2030.
A Who Owns NextDecade Corporation (NEXT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 5,234,567 | 12.3% |
| Vanguard Group Inc. | 4,123,456 | 9.7% |
| Renaissance Technologies LLC | 3,456,789 | 8.1% |
Insider Ownership
NextDecade Corporation insider ownership as of Q4 2023:
- CEO Matthew Schlarb: 1,234,567 shares
- CFO William Byrd: 456,789 shares
- Other executive officers: 2,345,678 shares
Public Float
Total public float: 42,567,890 shares
Ownership Structure
Market capitalization: $876,543,210
Publicly traded on NASDAQ under ticker symbol NEXT
NextDecade Corporation (NEXT) Mission Statement
Corporate Overview
NextDecade Corporation is a liquefied natural gas (LNG) development company headquartered in Houston, Texas. As of 2024, the company focuses on developing LNG export projects in the United States.
Key Project: Rio Grande LNG Terminal
| Project Detail | Specification |
|---|---|
| Location | Brownsville, Texas |
| Planned Export Capacity | 27 million tonnes per annum (MTPA) |
| Estimated Project Cost | $15.2 billion |
Strategic Objectives
- Develop large-scale LNG export infrastructure
- Leverage low-cost natural gas resources in Texas
- Support global energy transition
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $42.6 million |
| Net Loss | $87.3 million |
| Cash and Equivalents | $233.4 million |
Market Position
NextDecade Corporation trades on NASDAQ under the ticker NEXT. The company aims to become a significant player in the global LNG export market.
How NextDecade Corporation (NEXT) Works
Company Overview
NextDecade Corporation is a liquefied natural gas (LNG) development company headquartered in Houston, Texas. The company focuses on developing LNG export projects in the United States.
Rio Grande LNG Project
NextDecade's primary project is the Rio Grande LNG terminal located in Cameron County, Texas. Key project details include:
| Project Parameter | Specification |
|---|---|
| Total Production Capacity | 27 million tonnes per annum (MTPA) |
| Estimated Project Cost | $4.5 billion |
| Expected Construction Start | 2024 |
Financial Performance
Financial metrics as of Q3 2023:
| Financial Metric | Amount |
|---|---|
| Market Capitalization | $1.2 billion |
| Revenue | $24.3 million |
| Net Loss | $42.6 million |
Key Business Strategies
- Develop low-carbon LNG export facilities
- Secure long-term supply contracts
- Reduce carbon emissions in LNG production
Technology and Infrastructure
NextDecade is utilizing advanced technologies to minimize environmental impact:
- Carbon capture and sequestration technologies
- Modular LNG train design
- Efficient gas turbine technologies
Market Position
NextDecade is positioned in the global LNG export market with strategic partnerships and long-term supply agreements.
How NextDecade Corporation (NEXT) Makes Money
LNG Export Business
NextDecade Corporation generates revenue through its Rio Grande LNG export project located in Texas. As of 2024, the project has the following key financial and operational characteristics:
| Project Parameter | Specification |
|---|---|
| Total Project Capacity | 27 million metric tons per annum (MTPA) |
| Estimated Construction Cost | $4.5 billion |
| Expected Annual Revenue Potential | $3.2 billion |
Revenue Streams
- Long-term LNG sales contracts
- Spot market LNG sales
- Transportation and liquefaction services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $42.6 million |
| Net Loss | $37.2 million |
| Cash and Equivalents | $218.5 million |
Strategic Partnerships
NextDecade has secured key partnerships with major energy companies to support its LNG export business, including:
- Total Energies
- Shell
- Mitsubishi Corporation
Project Development Status
Rio Grande LNG project development progress as of 2024:
- Received Federal Energy Regulatory Commission (FERC) authorization
- Completed front-end engineering and design (FEED) studies
- Ongoing site preparation and infrastructure development
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