NextDecade Corporation is classed by the SEC under Natural Gas Transmisison & Distribution (industry code 4923), based in Houston, TX. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $0 thousand and a loss of $430 million (its filed statements).
Regulated utilityNatural Gas Transmisison & DistributionHouston, TXfilings since 20145 of 9 filed, 4 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a regulated utility: prior from its industry code (SEC 4923, Natural Gas Transmisison & Distribution); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 3.1 out of ten, 5 of 9 metrics filed and 4 estimated: past 1.8 out of ten, present 3.8 out of ten, future 3.0 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 1.6 out of ten. 6 warning events since 2017; the latest 2024-03-25. 16th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 4.7 out of ten. 10 filed years; profitable in 1 of 10. 47th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 0.3 out of ten. CrossAssetData estimate 0.3/10, confidence 35 of 100 (one part). 3rd percentile among 18 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 2.4 out of ten. ROE -451%: lost 451¢ per shareholder dollar. Leverage 99%: owes 99¢ per asset dollar. 24th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 5.4 out of ten. CrossAssetData estimate 5.4/10, confidence 20 of 100 (family median). 50th percentile among 16 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
Leadership (present): 4.2 out of ten. bottom 42% of 15 in its family for leadership; chief executive since 2019. 42nd percentile among 15 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 0.3 out of ten. CrossAssetData estimate 0.3/10, confidence 35 of 100 (one part). 3rd percentile among 19 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Growth drivers (future): 6.3 out of ten. top 36% of 17 in its family for growth drivers. 64th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 0.3 out of ten. CrossAssetData estimate 0.3/10, confidence 35 of 100 (one part). 3rd percentile among 17 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
The filing record
Newest annual report: Form 10-K filed 2026-03-02 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-07-30 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2017-07-28 for the period ended 2017-07-24 (on EDGAR). Newest filing: Form 8-K, 2026-10-01. Filings on record since 2014. Read from EDGAR 2026-10-12.
Who runs it
Schatzman, Matthew K (Chief Executive Officer); Zuklic, John (Chief Financial Officer); Mott, Michael (Interim CFO); Wahl, Brent (Chief Financial Officer); Skeik, Tarik (Chief Operating Officer); Boylston, Luke (Chief Accounting Officer); De, Gyarfas Vera (General Counsel); Brown, Charles Q. Jr. (director); Stover, David L (director); Bonanno, Matthew W (director); and 15 more. 25 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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