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NextDecade Corporation (NEXT) — RQD Stock Rating Cockpit

$7.26 +11.52% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

NextDecade Corporation (NEXT) carries a Roarable Rating of D- (Sell) with 39/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $1.93B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERRED ALERT • D-

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-8.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NEXT)Realized 20D OHLCV Swing Band: ±11.6%

RSI-14 MOMENTUMBULLISH MOMENTUM

66.230 Oversold · 70 Hot

ALTMAN-Z SHIELDDISTRESS RISK (<1.8)

0.20>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

1 / 99-Pt Accounting

52-WEEK LASER RANGE56% OF RANGE

L: $5$7.26H: $9

1. Money & Cash Health● WEAK

Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 5 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 19 / 40

3. Hidden Risks & Market Weather● WARNING

SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D-RQD 15 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on NEXT

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BEARISH (25)

-2.1% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

BEARISH (25)

Altman-Z 0.20 and Piotroski 1/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (48)

19/40 institutional & smart-money positioning score with 10/20 macro alignment.

Bull Case: Why Buyers Like NEXT

✓Established market leader in Energy with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Sensitive to high interest rates and tighter Federal Reserve market liquidity.
!Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NEXT)

✓Walkthrough of NEXT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

NEXT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.28%⚡ TESTING RESISTANCE

2026-10-30O $7.22H $7.45L $7.18C $7.26VOL 4.34M

RES: $7.32SUP: $5.67SMA50: $6.86SMA200: $6.96

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NEXT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NEXT Butterfly Map → + Track NEXT →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NEXT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NEXT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NEXT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NEXT)

Energy Rank #186 of 211 ⚔️ VET vs NEXT Full Matrix →

1. Head-to-Head Energy Peer Comparison (NEXT vs. VET, CTRI, GFR, BKV)

Industry: Oil & Gas Production (106 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, NextDecade Corporation (NEXT) ranks #186 by composite RQD confidence (39/100, grade D-) and #123 by equity capitalization ($1.93B). Within this direct 5-issuer industry benchmark cohort, BKV leads on earnings valuation at 12.8x trailing P/E, while BKV leads on capital efficiency and profitability with 9.0% ROIC and — gross margin. VET currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with NEXT at 39/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NEXT ACTIVE NextDecade Corporation	D-	39/100	—	—	-2.1%	+11.52%	$1.93B	Benchmark Subject
VET Vermilion Energy Inc. Common (Canada)	D+	58/100	—	—	—	-0.95%	$2.07B	/vet-vs-next →
CTRI Centuri Holdings Inc.	D	47/100	97.1x	8.3%	5.0%	+2.67%	$2.17B	/ctri-vs-next →
GFR Greenfire Resources Ltd.	D+	57/100	—	—	—	-2.02%	$1.63B	/gfr-vs-next →
BKV BKV Corporation	D	49/100	12.8x	—	9.0%	-1.09%	$2.29B	/bkv-vs-next →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001612720

In its most recent audited fiscal period (FY2025, filed 2025-12-31), NextDecade Corporation (NEXT) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$306.4M, operating cash flow of -$169.4M, and free cash flow of -$5.02B (-88.3% YoY). On the balance sheet, NEXT closed FY2025 with $12.43B in total assets against $8.51B in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 1/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	-$306.4M	-$169.4M	-$5.02B	$12.43B	$8.51B
FY2024 (FY)	2024-12-31	$0	-$61.8M	-$95.6M	-$2.66B	$6.40B	$3.92B
FY2023 (FY)	2023-12-31	$0	-$182.7M	-$73.6M	-$73.6M	—	—

3. NEXT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NEXT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, NextDecade Corporation (NASDAQ: NEXT) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $7.26 (+11.52% 1D, market cap $1.93B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 5/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 5/20. Across 211 tracked Energy issuers, NEXT ranks #186 in composite RQD confidence.

How does NEXT compare to VET and CTRI in the Energy sector?

Within the Energy sector (Oil & Gas Production), NEXT carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -2.1%. By comparison, VET (Vermilion Energy Inc. Common (Canada)) holds a D+ grade (58/100 RQD, P/E N/A, ROIC —, cap $2.07B) and CTRI (Centuri Holdings Inc.) posts a D grade (47/100 RQD, P/E 97.1x, ROIC 5.0%, cap $2.17B). Among the 5-stock peer group, BKV leads on earnings multiple (12.8x) while BKV leads on capital efficiency (9.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NEXT?

Per NEXT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001612720), NextDecade Corporation generated $0 in revenue, -$306.4M in net income, and -$5.02B in free cash flow against $12.43B in total assets and $8.51B in total debt. Key quantitative strengths: Established market leader in Energy with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NEXT trading relative to its 50-day, 200-day, and 52-week technical levels?

NEXT last traded at $7.26 (+11.52% on volume of 8,583,900 shares), positioning the stock +5.83% above its 50-day simple moving average ($6.86) and +4.31% above its 200-day simple moving average ($6.96). Across its 52-week range of $4.75 to $9.24, NEXT sits at the 55.9% percentile with a 14-day RSI of 66.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.6% ($6.42 to $8.10).

NEXT Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell NEXT stock right now?

NextDecade Corporation (NEXT) currently earns a Roarable Rating of D- (Sell — SELL) with 39/100 RQD Confidence. Stretched risk/reward at current multiples (-2% return on capital) under elevated 10-year interest-rate pressure.

What is NEXT's 12-month price target and RQD AI Jury consensus?

NEXT's 12-month base price target is $6.64 (range $5.18 to $9.7), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: NEXT RQD Cockpit NEXT 12M Forecast NEXT Earnings & Move NEXT Dividends & DRIP NEXT Insiders & 13F NEXT Whale Options NEXT Profit Sankey NEXT News & Why