NextDecade Corp

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 30, 2025

NEXT$6.30+8.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenues	$—	$—	$—	$—
Operating expenses:
General and administrative expense	66,105	43,598	163,096	110,005
Development expense	2,881	2,386	4,436	7,304
Depreciation and amortization expense	2,977	3,172	9,097	9,498
Other	—	—	3,518	—
Total operating expenses	71,963	49,156	180,147	126,807
Total operating loss	(71,963)	(49,156)	(180,147)	(126,807)
Other (expense) income:
Derivative (loss) gain	(74,141)	(329,733)	(217,684)	38,206
Interest expense, net	(38,632)	(15,905)	(94,670)	(67,414)
Loss on debt extinguishment	—	—	(9,160)	(47,573)
Other (expense) income, net	(20)	1,719	1,045	(408)
Total other expense	(112,793)	(343,919)	(320,469)	(77,189)
Net loss attributable to NextDecade Corporation	(184,756)	(393,075)	(500,616)	(203,996)
Less: net loss attributable to non-controlling interest	(75,274)	(269,876)	(241,462)	(76,567)
Net loss attributable to common stockholders	$(109,482)	$(123,199)	$(259,154)	$(127,429)
Net loss per common share — basic and diluted	$(0.42)	$(0.47)	$(0.99)	$(0.49)
Weighted average shares outstanding — basic and diluted	262,581	259,379	261,298	257,981

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.