NextDecade Corp. Files Q1 2025 10-Q
Ticker: NEXT · Form: 10-Q · Filed: 2025-05-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, natural-gas
TL;DR
NextDecade Q1 2025 10-Q filed. Financials updated.
AI Summary
NextDecade Corp. filed its 10-Q for the period ending March 31, 2025. The company, formerly Harmony Merger Corp., is involved in natural gas transmission and distribution. Key financial data points and share information are included in the filing, which was submitted on May 6, 2025.
Why It Matters
This filing provides investors with the latest financial performance and operational details for NextDecade Corp., crucial for understanding the company's current standing in the natural gas sector.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the energy sector can be volatile, impacting company performance.
Key Numbers
- Q1 2025 — Reporting Period (First quarter of 2025 financial results)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)
Key Players & Entities
- NextDecade Corp. (company) — Filer
- Harmony Merger Corp. (company) — Former company name
- 20250331 (date) — Period of report
- 20250506 (date) — Filing date
FAQ
What is the primary business of NextDecade Corp. as indicated in the filing?
NextDecade Corp. is involved in Natural Gas Transmission & Distribution, as indicated by its SIC code [4923].
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on May 6, 2025.
What was NextDecade Corp.'s former name?
NextDecade Corp.'s former name was Harmony Merger Corp., with a date of name change on July 3, 2014.
What is the reporting period covered by this 10-Q?
The conformed period of report for this 10-Q is March 31, 2025.
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
0001628280-25-022731.txt : 20250506 0001628280-25-022731.hdr.sgml : 20250506 20250506163632 ACCESSION NUMBER: 0001628280-25-022731 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 65 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250506 DATE AS OF CHANGE: 20250506 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 EIN: 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: 25917873 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-20250331.htm 10-Q next-20250331 0001612720 --12-31 Q1 2025 false 2 xbrli:shares iso4217:USD iso4217:USD xbrli:shares next:train utr:t xbrli:pure next:renewal_period next:payment next:tranche 0001612720 2025-01-01 2025-03-31 0001612720 2025-05-02 0001612720 2025-03-31 0001612720 2024-12-31 0001612720 2024-01-01 2024-03-31 0001612720 2023-12-31 0001612720 us-gaap:CommonStockMember 2024-12-31 0001612720 us-gaap:CommonStockMember 2023-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2024-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2023-12-31 0001612720 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2025-03-31 0001612720 us-gaap:TreasuryStockCommonMember 2024-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001612720 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001612720 us-gaap:RetainedEarningsMember 2024-12-31 0001612720 us-gaap:RetainedEarningsMember 2023-12-31 0001612720 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001612720 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001612720 us-gaap:RetainedEarningsMember 2025-03-31 0001612720 us-gaap:RetainedEarningsMember 2024-03-31 0001612720 2024-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2024-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2023-12-31 0001612720 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2025-03-31 0001612720 us-gaap:NoncontrollingInterestMember 2024-03-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember 2025-03-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember next:LiquefactionTrainFourMember 2025-03-31 0001612720 next:RioGrandeLiquefiedNaturalGasFacilityMember next:LiquefactionTrainFiveMember 2025-03-31 0001612720 us-gaap:OilAndGasPropertiesMember 2025-03-31 0001612720 us-gaap:OilAndGasPropertiesMember 2024-12-31 0001612720 us-gaap:CorporateAndOtherMember 2025-03-31 0001612720 us-gaap:CorporateAndOtherMember 2024-12-31 0001612720 us-gaap:InterestRateSwapMember next:RioGrandeMember 2025-03-31 0001612720 us-gaap:InterestRateSwapMember next:RioGrandeMember srt:MaximumMember 2025-03-31 0001612720 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2025-03-31 0001612720 next:A6.67SeniorSecuredNotesMember next:SeniorSecuredNotesMember 2025-03-31 0001612720 next:A6.67SeniorSecuredNotesMember next:SeniorSecuredNotesMember 2024-12-31 0001612720 next:A6.85SeniorSecuredNotesMember next:SeniorSecuredNotesMember 2025-03-31 0001612720 next:A6.85SeniorSecuredNotesMember next:SeniorSecuredNote