NextDecade Corp
For the period ended Mar 31, 2026. Filed May 1, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 1, 2026
NEXT$6.30+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Consolidated Balance Sheets(1)
(in thousands, except share and par value data; unaudited)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $143,120 | $143,782 |
| Restricted cash | 321,943 | 563,306 |
| Derivatives | 13,202 | — |
| Prepaid expenses and other current assets | 9,255 | 10,961 |
| Total current assets | 487,520 | 718,049 |
| Property, plant and equipment, net | 11,663,941 | 10,568,311 |
| Operating lease right-of-use assets | 135,147 | 162,493 |
| Deferred financing fees | 393,489 | 423,076 |
| Derivatives | 501,207 | 532,245 |
| Other non-current assets | 50,436 | 21,654 |
| Total assets | $13,231,740 | $12,425,828 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $298,124 | $443,947 |
| Operating leases | 1,294 | 3,883 |
| Accrued and other current liabilities | 914,940 | 888,200 |
| Total current liabilities | 1,214,358 | 1,336,030 |
| Debt, net | 9,355,258 | 8,510,925 |
| Operating leases | 117,627 | 142,266 |
| Derivatives | 184,353 | 135,520 |
| Total liabilities | 10,871,596 | 10,124,741 |
| Commitments and contingencies (Note 9) | ||
| Equity: | ||
| Common stock, $0.0001 par value, 480.0 million authorized: 265.0 million and 264.8 million outstanding, respectively | 27 | 26 |
| Treasury stock: 4.9 million and 4.9 million, respectively, at cost | (37,880) | (37,862) |
| Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding | — | — |
| Additional paid-in-capital | 903,508 | 893,131 |
| Accumulated deficit | (896,363) | (759,957) |
| Total stockholders’ equity | (30,708) | 95,338 |
| Non-controlling interests | 2,390,852 | 2,205,749 |
| Total equity | 2,360,144 | 2,301,087 |
| Total liabilities and equity | $13,231,740 | $12,425,828 |
| (1) Amounts presented include balances held by our consolidated variable interest entities, Phase 1 Holdings, Train 4 Holdings, and Train 5 Holdings, as further discussed in Note 7 — Variable Interest Entities. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.