NextDecade Corp. Files 2023 10-K
Ticker: NEXT · Form: 10-K · Filed: 2024-03-11T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, energy, financials
TL;DR
NextDecade filed its 2023 10-K. Financials for 2023, 2022, 2021 included.
AI Summary
NextDecade Corp. filed its 2023 10-K on March 11, 2024, reporting on its operations in natural gas transmission and distribution. The company, formerly Harmony Merger Corp., is based in Houston, Texas. The filing covers the fiscal year ending December 31, 2023, and includes financial data for the years 2023, 2022, and 2021.
Why It Matters
This filing provides a comprehensive overview of NextDecade Corp.'s financial health and operational status for the fiscal year 2023, crucial for investors and stakeholders to assess the company's performance and future prospects in the energy sector.
Risk Assessment
Risk Level: medium — As a company in the natural gas transmission and distribution sector, NextDecade faces inherent risks related to commodity prices, regulatory changes, and project development timelines.
Key Numbers
- 2023 — Fiscal Year End (Reporting period for the 10-K)
- 2022 — Previous Fiscal Year (Comparative financial data)
- 2021 — Prior Fiscal Year (Comparative financial data)
Key Players & Entities
- NextDecade Corp. (company) — Filer of the 10-K
- Harmony Merger Corp. (company) — Former name of NextDecade Corp.
- 2023-12-31 (date) — Fiscal year end
- 2024-03-11 (date) — Filing date
- Houston, TX (location) — Company headquarters
FAQ
What is the primary business of NextDecade Corp. as indicated in the filing?
NextDecade Corp. is primarily involved in natural gas transmission and distribution, as indicated by its SIC code [4923].
When did NextDecade Corp. change its name from Harmony Merger Corp.?
The company changed its name from Harmony Merger Corp. on July 3, 2014.
What is the filing date of this 10-K report?
This 10-K report was filed on March 11, 2024.
What fiscal year does this 10-K report cover?
This 10-K report covers the fiscal year ending December 31, 2023.
Where is NextDecade Corp. headquartered?
NextDecade Corp. is headquartered in Houston, Texas, with its business address at 1000 Louisiana Street, Suite 3900.
From the Filing
0001628280-24-010236.txt : 20240311 0001628280-24-010236.hdr.sgml : 20240311 20240311162108 ACCESSION NUMBER: 0001628280-24-010236 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 108 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240311 DATE AS OF CHANGE: 20240311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 24738315 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 10-K 1 next-20231231.htm 10-K next-20231231 0001612720 FY 2023 false P1Y P2Y 0001612720 2023-01-01 2023-12-31 0001612720 2023-06-30 iso4217:USD 0001612720 2024-03-04 xbrli:shares 0001612720 2023-12-31 0001612720 2022-12-31 iso4217:USD xbrli:shares 0001612720 2022-01-01 2022-12-31 0001612720 2021-12-31 0001612720 us-gaap:CommonStockMember 2022-12-31 0001612720 us-gaap:CommonStockMember 2021-12-31 0001612720 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001612720 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001612720 us-gaap:CommonStockMember 2023-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2022-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2021-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001612720 us-gaap:RetainedEarningsMember 2022-12-31 0001612720 us-gaap:RetainedEarningsMember 2021-12-31 0001612720 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001612720 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001612720 us-gaap:RetainedEarningsMember 2023-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2022-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2021-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-12-31 0001612720 us-gaap:PreferredStockMember 2022-12-31 0001612720 us-gaap:PreferredStockMember 2021-12-31 0001612720 us-gaap:PreferredStockMember 2023-01-01 2023-12-31 0001612720 us-gaap:PreferredStockMember 2022-01-01 2022-12-31 0001612720 us-gaap:PreferredStockMember 2023-12-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember 2023-12-31 next:train utr:t 0001612720 next:LiquefactionTrainFourMember next:RioGrandeLiquefiedNaturalGasFacilityMember 2023-12-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember next:LiquefactionTrainFiveMember 2023-12-31 0001612720 next:RioBravoMember 2020-03-31 0001612720 next:RioBravoMember 2020-03-01 2020-03-31 0001612720 next:RioBravoMember 2023-07-01 2023-07-31 0001612720 us-gaap:OilAndGasPropertiesMember 2023-12-31 0001612720 us-gaap:OilAndGasPropertiesMember 2022-12-31 0001612720 us-gaap:PipelinesMember 2023-12-31 0001612720 us-gaap:PipelinesMember 2022-12-31 0001612720 us-gaap:CorporateAndOtherMember 2023-12-31 0001612720 us-gaap:CorporateAndOtherMember 2022-12-31 0001612720 next:RioGrandeMember us-gaap:InterestRateSwapMember 2023-12-31 0001612720 srt:MaximumMember next:RioGrandeMember us-gaap:InterestRateSwapMember 2023-12-31 xbrli:pure 000