NextDecade Corp. Files Q1 2024 10-Q
Ticker: NEXT · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, natural-gas, financials
TL;DR
NextDecade Q1 2024 10-Q filed. All systems go for natural gas.
AI Summary
NextDecade Corp. filed its 10-Q for the period ending March 31, 2024. The company, formerly Harmony Merger Corp., is involved in natural gas transmission and distribution. Key financial details and operational updates for the first quarter of 2024 are presented in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of NextDecade Corp., crucial for understanding the company's trajectory in the natural gas sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile natural gas industry, which is subject to significant market and regulatory risks.
Key Numbers
- Q1 2024 — Reporting Period (First quarter of 2024 financial and operational data.)
Key Players & Entities
- NextDecade Corp. (company) — Filer
- Harmony Merger Corp. (company) — Former company name
- 20240331 (date) — Reporting period end date
- 20240509 (date) — Filing date
FAQ
What is the primary business of NextDecade Corp.?
NextDecade Corp. is primarily involved in Natural Gas Transmission & Distribution, as indicated by its SIC code [4923].
When was the company formerly known as Harmony Merger Corp.?
The company's name was changed from Harmony Merger Corp. on July 3, 2014.
What is the fiscal year end for NextDecade Corp.?
NextDecade Corp.'s fiscal year ends on December 31.
What is the filing date of this 10-Q report?
This 10-Q report was filed on May 9, 2024.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2024.
From the Filing
0001628280-24-022349.txt : 20240509 0001628280-24-022349.hdr.sgml : 20240509 20240509172536 ACCESSION NUMBER: 0001628280-24-022349 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 101 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 24932014 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-Q 1 next-20240331.htm 10-Q next-20240331 0001612720 --12-31 Q1 2024 false 2 xbrli:shares iso4217:USD iso4217:USD xbrli:shares next:train utr:t xbrli:pure next:renewal_period utr:D 0001612720 2024-01-01 2024-03-31 0001612720 2024-05-03 0001612720 2024-03-31 0001612720 2023-12-31 0001612720 2023-01-01 2023-03-31 0001612720 2022-12-31 0001612720 us-gaap:CommonStockMember 2023-12-31 0001612720 us-gaap:CommonStockMember 2022-12-31 0001612720 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001612720 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001612720 us-gaap:CommonStockMember 2024-03-31 0001612720 us-gaap:CommonStockMember 2023-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2022-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2024-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001612720 us-gaap:RetainedEarningsMember 2023-12-31 0001612720 us-gaap:RetainedEarningsMember 2022-12-31 0001612720 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001612720 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001612720 us-gaap:RetainedEarningsMember 2024-03-31 0001612720 us-gaap:RetainedEarningsMember 2023-03-31 0001612720 2023-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2022-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2024-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-03-31 0001612720 us-gaap:PreferredStockMember 2023-12-31 0001612720 us-gaap:PreferredStockMember 2022-12-31 0001612720 us-gaap:PreferredStockMember 2024-01-01 2024-03-31 0001612720 us-gaap:PreferredStockMember 2023-01-01 2023-03-31 0001612720 us-gaap:PreferredStockMember 2023-03-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember 2024-03-31 0001612720 us-gaap:RevolvingCreditFacilityMember 2024-03-31 0001612720 us-gaap:OilAndGasPropertiesMember 2024-03-31 0001612720 us-gaap:OilAndGasPropertiesMember 2023-12-31 0001612720 us-gaap:CorporateAndOtherMember 2024-03-31 0001612720 us-gaap:CorporateAndOtherMember 2023-12-31 0001612720 us-gaap:InterestRateSwapMember next:RioGrandeMember 2024-03-31 0001612720 us-gaap:InterestRateSwapMember next:RioGrandeMember srt:MaximumMember 2024-03-31 0001612720 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2024-03