NextDecade Corporation

NasdaqCM:NEXT Stock Report

Market Cap: US$1.9b

NextDecade Management

Management criteria checks 1/4

NextDecade's CEO is Matt Schatzman, appointed in Feb 2018, has a tenure of 8.58 years. total yearly compensation is $12.84M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 1.56% of the company’s shares, worth $29.28M. The average tenure of the management team and the board of directors is 3.1 years and 1.9 years respectively.

Key information

Matt Schatzman

Chief executive officer

US$12.8m

Total compensation

CEO salary percentage7.20%
CEO tenure8.6yrs
CEO ownership1.6%
Management average tenure3.1yrs
Board average tenure1.9yrs

Recent management updates

Recent updates

Narrative Update • Sep 06

NEXT: Inclusion In Russell Value Indexes Will Support Future Upside

NextDecade's analyst price target has been revised from $12.00 to $11.00, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the key drivers of this reset. What's in the News for NextDecade NextDecade Corporation (NasdaqCM:NEXT) has been added to the Russell 3000 Value Benchmark.
Narrative Update • Jul 10

NEXT: Recent Debt Offering Will Support Future Cash Flow Upside

Analysts have adjusted their fair value estimate for NextDecade to $9.40 from $8.75, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for NextDecade Rio Grande LNG, a partially owned subsidiary of NextDecade, priced a US$3.5b private offering of senior secured notes with maturities from 2031 to 2041.
Narrative Update • Jun 26

NEXT: Fair Outlook Hinges On Rio Grande Financing And Activist Oversight

Analysts now see higher upside for NextDecade, lifting their fair value estimate from $6.00 to $7.00 as they factor in updated assumptions for discount rates, revenue growth, profit margins, and a lower future P/E multiple. What’s in the News for NextDecade NextDecade subsidiary Rio Grande LNG Intermediate HoldCo Borrower, LLC secured a US$1b term loan credit agreement for the Rio Grande LNG project, with proceeds intended for equity injections into the project, repayment of project-level borrowings, transaction costs, and general administrative expenses, according to The Globe and Mail.
Analysis Article • Jun 17

NextDecade (NEXT) Stock Could Be 16.9% Undervalued After CFO Appointment

NextDecade (NEXT) stock is in focus after the company confirmed a new Chief Financial Officer, John Zuklic, and the election of Class C directors at its annual meeting on June 3, 2026. See our latest analysis for NextDecade. Those leadership updates come as NextDecade’s recent share price momentum has cooled, with the stock down 20.29% over the past month but still showing a 35.13% year to date share price return, compared with a weaker 1 year total shareholder return. If this kind of energy...
New Narrative • Apr 17

Early LNG Volumes And Long Term Demand Will Support Expanding Liquefaction Capacity

Catalysts About NextDecade NextDecade is developing and building the Rio Grande LNG export facility, focused on long-term LNG supply from multiple liquefaction trains on the U.S. Gulf Coast. What are the underlying business or industry changes driving this perspective?
New Narrative • Apr 03

Long Term LNG Expansion And Early Cash Flows Will Transform Future Earnings Potential

Catalysts About NextDecade NextDecade is developing and constructing liquefied natural gas export capacity at its Rio Grande LNG facility in South Texas. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 20

Early LNG Margin Dependence And Contract Risks Will Restrain Long Term Cash Generation

Catalysts About NextDecade NextDecade is a liquefied natural gas company developing and constructing the Rio Grande LNG export facility in the U.S. Gulf Coast, with plans for up to 10 liquefaction trains. What are the underlying business or industry changes driving this perspective?
Analysis Article • May 01

We Think NextDecade (NASDAQ:NEXT) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Jan 11

Here's Why We're Not Too Worried About NextDecade's (NASDAQ:NEXT) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Nov 22

Does This Valuation Of NextDecade Corporation (NASDAQ:NEXT) Imply Investors Are Overpaying?

Today we will run through one way of estimating the intrinsic value of NextDecade Corporation ( NASDAQ:NEXT ) by...
Seeking Alpha • Sep 15

NextDecade announces $85M private placement of common stock

NextDecade (NASDAQ:NEXT) will sell $85M of company's common stock to 10 institutional investors. The shares will be sold at $5.50/share, and the private placement is expected to close on September 19, 2022. The company intends to use the proceeds from the private placement to continue development activity in preparation for its anticipated positive final investment decision on the first three trains at its Rio Grande LNG project. Press Release
Seeking Alpha • Jul 27

NextDecade announces 1.0 MTPA LNG sale and purchase agreement with ExxonMobil

NextDecade (NASDAQ:NEXT) enters a 20-year sale and purchase agreement with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from company’s Rio Grande LNG export project in Brownsville, Texas. Under the agreement, EMLAP will purchase 1M metric tonnes per annum of LNG. The LNG will be supplied from the first two trains of Rio Grande LNG, with the first train expected to start commercial operations as early as 2026.
Analysis Article • Feb 17

Companies Like NextDecade (NASDAQ:NEXT) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article • Jan 11

Calculating The Fair Value Of NextDecade Corporation (NASDAQ:NEXT)

Does the January share price for NextDecade Corporation ( NASDAQ:NEXT ) reflect what it's really worth? Today, we will...
Seeking Alpha • Jan 10

NextDecade: More Rio Grande Delays

LNG markets continue to be hot, but contractual agreements for new supply still remain elusive. NextDecade has delayed its FID on Rio Grande again into the latter part of this year, likely due to a lack of productive discussions on offtake agreements. If the situation does not change soon, LNG shortfalls likely persist with demand set to only grow from here.
Seeking Alpha • Jun 21

NextDecade names Ivan Van der Walt as chief operating officer

NextDecade (NEXT) has appointed Ivan Van der Walt as the company's Chief Operating Officer effective July 1, 2021.The company also named Vera de Gyarfas as General Counsel and Corporate Secretary effective July 12, 2021.Van der Walt joined NextDecade in July 2018 serving as Senior Vice President, Engineering and Construction. He has nearly thirty years of experience in the global energy industry, including senior roles with Chicago Bridge & Iron and Chevron.de Gyarfas joins NextDecade with nearly thirty years of legal experience in the global energy industry

CEO Compensation Analysis

How has Matt Schatzman's remuneration changed compared to NextDecade's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$359m

Mar 31 2026n/an/a

-US$354m

Dec 31 2025US$13mUS$925k

-US$306m

Sep 30 2025n/an/a

-US$193m

Jun 30 2025n/an/a

-US$207m

Mar 31 2025n/an/a

-US$179m

Dec 31 2024US$5mUS$767k

-US$62m

Sep 30 2024n/an/a

-US$257m

Jun 30 2024n/an/a

-US$26m

Mar 31 2024n/an/a

-US$120m

Dec 31 2023US$12mUS$750k

-US$183m

Sep 30 2023n/an/a

-US$79m

Jun 30 2023n/an/a

-US$212m

Mar 31 2023n/an/a

-US$101m

Dec 31 2022US$11mUS$683k

-US$84m

Sep 30 2022n/an/a

-US$72m

Jun 30 2022n/an/a

-US$51m

Mar 31 2022n/an/a

-US$50m

Dec 31 2021US$9mUS$636k

-US$40m

Sep 30 2021n/an/a

-US$33m

Jun 30 2021n/an/a

-US$40m

Mar 31 2021n/an/a

-US$34m

Dec 31 2020US$581kUS$581k

-US$29m

Sep 30 2020n/an/a

-US$40m

Jun 30 2020n/an/a

-US$36m

Mar 31 2020n/an/a

-US$34m

Dec 31 2019US$1mUS$617k

-US$49m

Compensation vs Market: Matt's total compensation ($USD12.84M) is above average for companies of similar size in the US market ($USD5.29M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.

CEO

Matt Schatzman (60 yo)

8.6yrs
Tenure
US$12,843,261
Compensation

Mr. Matthew K. Schatzman, also known as Matt, serves as Chairman of the Board at NextDecade Corporation since June 04, 2019. He served as the President of NextDecade Corporation since September 18, 2017 un...

Leadership Team

NamePositionTenureCompensationOwnership
Matthew Schatzman
Chairman & CEO8.6yrsUS$12.84m1.56%
$ 29.3m
Tarik Skeik
Chief Operating Officer2.2yrsUS$3.07m0.047%
$ 884.9k
Vera De de Gyarfas
General Counsel & Corporate Secretary5.2yrsUS$3.54m0.25%
$ 4.7m
Michael Mott
Senior Vice President of Enterprise Transformationless than a yearUS$1.72m0.12%
$ 2.3m
John Zuklic
Chief Financial Officerless than a yearno datano data
Luke Boylston
Chief Accounting Officer1.5yrsno data0.089%
$ 1.7m
Raquel Couri
Executive Vice President of Human Resources & Administration8.3yrsno datano data
Megan Light
Vice President of Investor Relationsno datano datano data
James MacTaggart
Chief Marketing Officer5.7yrsno datano data
Ariel Handler
Executive Vice President of Commercial5.1yrsno datano data
Alexander Thompson
Senior Vice President of Engineering & Construction3.1yrsno datano data
Paul Bruner
Senior Vice President of Operations2.2yrsno datano data
3.1yrs
Average Tenure
58.5yo
Average Age

Experienced Management: NEXT's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Matthew Schatzman
Chairman & CEO9yrsUS$12.84m1.56%
$ 29.3m
Pamela Kay Beall
Independent Director1.2yrsUS$95.98k0.041%
$ 766.0k
Frank Chapman
Non-Executive Independent Director6.8yrsUS$255.00k0.11%
$ 2.0m
William Vrattos
Lead Independent Director9.2yrsUS$240.00k0.48%
$ 8.9m
Eric Rosenfeld
Board Observerno datano datano data
Diana Sands
Director1.2yrsUS$95.98k0.018%
$ 334.7k
Matthew Bonanno
Independent Directorless than a yearno data0.032%
$ 599.5k
Avinash Kripalani
Independent Director9.2yrsno datano data
Arnaud Lenail-Chouteau
Independent Director1.9yrsno datano data
Giovanni Oddo
Independent Director4.3yrsno datano data
In Park
Independent Director1.2yrsno datano data
Charles Brown
Independent Directorless than a yearno data0.0045%
$ 84.4k
1.9yrs
Average Tenure
58.5yo
Average Age

Experienced Board: NEXT's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 21:35
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NextDecade Corporation is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Julien Dumoulin-SmithBofA Global Research
Wade SukiCapital One Securities, Inc.
Spiro DounisCitigroup Inc