Reading NEXT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NEXT free→Reading NEXT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NEXT free→NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed, and it has a capital-unfriendly stance. Risk is elevated, and the sector backdrop is a headwind, with NEXT trading below typical compared to sector peers. The read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 0 valuation methods, at three horizons. Current price $7.73. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Not enough valuation methods to set a 12-month read yet.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Not enough peers to compare yet.
Self-history needs ~20 months of data.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 56% for the rest of the cohort, n=979).
Over the trailing year it converted 0.83x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
17 material management or governance events in the past 24 months, led by executive changes. Historically, Energy names rated volatile grew net income 45% of the time over the next year (vs 48% for the rest of the cohort, n=252).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.52 → $-0.52 (+0.0% / 30d). 0 raised, 0 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 60% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$235.
How much price usually moves either way.
On a bad day, this stock has moved -$643.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,000.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Revenue growth is a key indicator of company health. It can signal a shift in market position.
Confirms one read:Q2 earnings report shows revenue growth above 2% year over year.
Confirms the other:Q2 earnings report shows revenue growth below 2% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for NEXT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Financial Officer On June 3, 2026, NextDecade Corporation (the “ Company ”) announced the appointment of John Zuklic as the Chief Financial Officer of the Company, effective July 6, 2026. Mr. Zuklic, age 59, brings significant expertise after more than 30 years in the energy industry, including senior finance roles in capital-i…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Oil & Gas Equipment & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
NEXT NextDecade Corp. | Below typical Show detailsSector percentile: 9 of 100 | — | elevated |
SLB Schlumberger | Typical Show detailsSector percentile: 63 of 100 | fair | moderate |
BKR Baker Hughes | Above typical Show detailsSector percentile: 74 of 100 | full | moderate |
HAL Halliburton | Above typical Show detailsSector percentile: 81 of 100 | fair | moderate |
FTI TechnipFMC | Above typical Show detailsSector percentile: 78 of 100 | full | moderate |
Not investment advice. As of 2026-06-15.
via XLE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
No qualifying priorities for this snapshot. Check back after the next refresh.
Why it matters: A new CFO can change how the company manages finances. This could affect investor confidence.
Confirms one read:Positive financial numbers came in Q3. This happened after John Zuklic became CFO on July 6, 2026.
Confirms the other:Negative financial numbers were reported in Q3. This shows a tough change under the new CFO.
Why it matters: The FOMC meeting can change how the energy sector works. These changes can affect NextDecade's market position.
Confirms one read:The energy sector did better after the FOMC meeting on June 17, 2026.
Confirms the other:The energy sector still does poorly after the FOMC meeting.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 15, 2026, NextDecade Corporation (the “ Company ”) entered into an amended and restated employment agreement (the “ Agreement ”) with Matthew Schatzman, its Chairman of the Board of Directors and Chief Executive Officer, effective immediately. The Agreement supersedes and replaces Mr. Schatzman’s prior employment agreement with the Company…
Entry into a Material Definitive Agreement. Amended and Restated Credit Agreement On November 17, 2025 (the “ Closing Date ”), Rio Grande LNG Super Holdings, LLC (“ Super Holdings ”), a wholly-owned indirect subsidiary of NextDecade Corporation (the “ Company ” or “ NEXT ”), entered into an Amended and Restated Credit Agreement (the “ A&R Credit Agreement ”), by and among Super Holdings, as borrower, Atlantic Park Strategic Capital Master Fund II, L.P., as the administrative agent and collate…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in
The issuance of shares of NEXT common stock underlying the Tranche A/B Warrants, Tranche C Warrants and the Exchange Shares will be made in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D thereunder. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. D…