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NEXT · Nextdecade Corp
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NEXT NextDecade (NEXT) Insider Trading, Ownership & Congress Trades

Utilities · Natural gas transmisison & distribution · CIK 0001612720
Quote by TradingView
Activist 13DForm 144 · 1
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
133
13F, latest reported quarter

What the filings say about NEXT

Planned sales (Form 144), 90 days
$25.9K
1 notice
Activist stakes (13D), 180 days
1 filing
Largest: 5.9% of the class

NextDecade insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

No insider purchases or sales are on record for NextDecade Corp in the period covered. Source: SEC Form 4 filings, as of 2026-10-27.

Insider
Filed
Shares
Value
Since filing
Beall Pamela K.M.
Director
BUY
2026-03-25 SECtraded 2026-03-23
71,500
$505.5K
-22.8%
Context
  • First Form 4 purchase or sale (code P or S) here by this insider on our record.
  • The trade is 100.0% of the 71,500 shares held after it.
  • No other insider bought within 30 days.
  • 133 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Beall Pamela K.M. bought about $505.5K of NEXT on Mar 23, 2026; 133 funds added in the latest 13F quarter.
Hanwha Aerospace Co., Ltd.
BUY
2025-12-15 SECtraded 2025-12-12
800,000
$4.4M
+23.3%
Context
  • 23 earlier Form 4 trades (code P or S) here by this insider (23 buys), the last on Dec 11, 2025.
  • -10.9% median (-10.1% mean) 90-day return after 23 previous buys.
  • The trade is 3.0% of the 26,420,222 shares held after it.
  • No other insider bought within 30 days.
  • 133 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Hanwha Aerospace Co., Ltd. bought about $4.4M of NEXT on Dec 12, 2025; 133 funds added in the latest 13F quarter.
Hanwha Aerospace Co., Ltd.
BUY
2025-12-15 SECtraded 2025-12-11
851,971
$5.0M
+23.3%
Context
  • 22 earlier Form 4 trades (code P or S) here by this insider (22 buys), the last on Dec 10, 2025.
  • -11.1% median (-10.7% mean) 90-day return after 22 previous buys.
  • The trade is 3.3% of the 25,620,222 shares held after it.
  • No other insider bought within 30 days.
  • 133 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Hanwha Aerospace Co., Ltd. bought about $5.0M of NEXT on Dec 11, 2025, the largest insider purchase at the company since 2024; 133 funds added in the latest 13F quarter.
Hanwha Aerospace Co., Ltd.
BUY
2025-12-10 SEC
600,000
$3.6M
+10.7%
Context
  • 21 earlier Form 4 trades (code P or S) here by this insider (21 buys), the last on Dec 9, 2025.
  • -11.2% median (-10.9% mean) 90-day return after 21 previous buys.
  • The trade is 2.4% of the 24,768,251 shares held after it.
  • No other insider bought within 30 days.
  • 133 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Hanwha Aerospace Co., Ltd. bought about $3.6M of NEXT on Dec 10, 2025; 133 funds added in the latest 13F quarter.
Hanwha Aerospace Co., Ltd.
BUY
2025-12-10 SECtraded 2025-12-09
293,131
$1.9M
+10.7%
Context
  • 20 earlier Form 4 trades (code P or S) here by this insider (20 buys), the last on Dec 8, 2025.
  • -11.1% median (-10.8% mean) 90-day return after 20 previous buys.
  • The trade is 1.2% of the 24,168,251 shares held after it.
  • No other insider bought within 30 days.
  • 133 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Hanwha Aerospace Co., Ltd. bought about $1.9M of NEXT on Dec 9, 2025; 133 funds added in the latest 13F quarter.
46 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
Showing the latest few. to see 41 more transactions and use the screener and CSV export. We store only your email; there is no password.
Seven facts, ranked against the sector · Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
no House purchase disclosed in the last 12 months
Funds
133 funds bought in last quarter
below 62% of Utilities
Revenue
no revenue reported in any filing
Margin
no margin: no revenue reported
Buybacks
$18.0K repurchased, FY to 2026-06-30
the lowest in Utilities
Short interest
17.6% of the float short (float per yahoo 2026-10-26) · 8.4 days to cover · settled 2026-09-30
more than 87% of Utilities
The situation: each line is one rule over one dataset
GASC GP, LLC disclosed a 5%+ stake (5.9%) in the last six months.
What changed in the last 30 days
Oct 21Officer Mott Michael filed to sell $25.9K by Oct 21 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.

Watch NEXT

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+7.3%12M
-18%+6%+31%+56%2025-102025-122026-022026-042026-062026-082026-10 2025-12-11 · Hanwha Aerospace Co., Ltd. bought $5.0M2025-12-12 · Hanwha Aerospace Co., Ltd. bought $4.4M2025-12-10 · Hanwha Aerospace Co., Ltd. bought $3.6M2025-11-11 · Hanwha Aerospace Co., Ltd. bought $3.6M2025-11-13 · Hanwha Aerospace Co., Ltd. bought $2.8M2025-11-18 · Hanwha Aerospace Co., Ltd. bought $2.7M2025-11-24 · Hanwha Aerospace Co., Ltd. bought $2.5M2025-11-21 · Hanwha Aerospace Co., Ltd. bought $2.4M2025-11-20 · Hanwha Aerospace Co., Ltd. bought $2.1M2025-12-09 · Hanwha Aerospace Co., Ltd. bought $1.9M2025-11-19 · Hanwha Aerospace Co., Ltd. bought $1.8M2025-12-02 · Hanwha Aerospace Co., Ltd. bought $1.8M2025-11-17 · Hanwha Aerospace Co., Ltd. bought $1.7M2025-11-25 · Hanwha Aerospace Co., Ltd. bought $1.6M2025-12-04 · Hanwha Aerospace Co., Ltd. bought $1.5M2025-11-14 · Hanwha Aerospace Co., Ltd. bought $1.5M2025-12-03 · Hanwha Aerospace Co., Ltd. bought $1.5M2025-12-01 · Hanwha Aerospace Co., Ltd. bought $1.2M2025-11-26 · Hanwha Aerospace Co., Ltd. bought $1.0M2025-12-05 · Hanwha Aerospace Co., Ltd. bought $938.1K2025-11-28 · Hanwha Aerospace Co., Ltd. bought $679.8K2026-03-23 · Beall Pamela K.M. bought $505.5K2025-12-08 · Hanwha Aerospace Co., Ltd. bought $247.1K2026-06-10 · GASC GP, LLC filed a 5%+ stake (5.9%)2026-06-10 · General Atlantic Partners, L.P. filed a 5%+ stake (5.9%)2026-06-10 · GAP Holdings GP, LLC filed a 5%+ stake (5.9%)2026-06-10 · Atlantic Park UGP, LLC filed a 5%+ stake (5.9%)2026-06-10 · Atlantic Park Strategic Capital Fund II GP, L.P. filed a 5%+ stake (5.9%)2026-06-10 · Atlantic Park Strategic Capital Master Fund II, L.P. filed a 5%+ stake (2.9%)2026-06-10 · Atlantic Park Strategic Capital Parallel Master Fund II, L.P. filed a 5%+ stake (3.0%)2026-06-10 · APSC II Holdco I, L.P. filed a 5%+ stake (2.9%)2026-06-10 · APSC II Holdco II, L.P. filed a 5%+ stake (3.0%)2026-10-21 · Mott Michael filed to sell $25.9K
Insider buy13D/G stakeForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns NEXT: institutional holders (13F)

13F holdings, latest reported quarter
BlackRock, Inc.
23,820,718 sh
$179.6M
Mubadala Investment Co PJSC
14,206,376 sh
$107.1M
Man Investment Partners (US) LP
9,274,894 sh
$69.9M
VANGUARD CAPITAL MANAGEMENT LLC
5,530,334 sh
$41.7M
Catalyst Capital Advisors LLC
5,216,592 sh
$39.3M

Congress trades in NEXT

No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.

Activist and 5% holders (13D/13G)

13D: intends to influence · 13G: passive
GASC GP, LLC
Activist 13D · 2026-06-10
5.9%
General Atlantic Partners, L.P.
Activist 13D · 2026-06-10
5.9%
GAP Holdings GP, LLC
Activist 13D · 2026-06-10
5.9%
Atlantic Park UGP, LLC
Activist 13D · 2026-06-10
5.9%
Atlantic Park Strategic Capital Fund II GP, L.P.
Activist 13D · 2026-06-10
5.9%

NEXT planned insider sales (Form 144)

Notice of intent to sell, filed before any sale
Mott Michael
Filed 2026-10-21
$25.9K

NEXT mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
Catalyst Energy Infrastructure Fund
$39.3M position · as of 2026-06-30
10.1%
Bastion Energy ETF
$3.0M position · as of 2026-05-29
9.0%
Pacer American Energy Independence ETF
$3.6M position · as of 2026-07-31
2.7%
NEOS MLP & Energy Infrastructure High Income ETF
$16.2M position · as of 2026-06-30
2.4%
Integrity Mid-North American Resources Fund
$3.4M position · as of 2026-07-31
1.7%
Westwood Salient Enhanced Midstream Income ETF
$2.2M position · as of 2026-07-31
0.8%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Corporate PAC
The company's PAC: committee totals only, never individual donors (FEC).
Nextdecade Corporation Political Action Committee
Cycle 2026 · $49K spent
$104.2K
Federal Election Commission, matched by the PAC's connected organisation
Executive pay vs shareholder return · Matthew K. Schatzman
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$12.8M
$6.0M
$2.5M
+152%
n/a
2024
$4.7M
$17.0M
$1.6M
+269%
n/a
2023
$11.6M
$13.7M
$3.9M
+128%
n/a
2022
$11.1M
$14.9M
$3.6M
+136%
n/a
2021
$9.2M
$8.8M
$3.3M
+36%
n/a
Tagged by the company under SEC Item 402(v). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
An activist crossed the 5% line with declared intent.
The record shows 133 funds added last quarter, $25.9K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector by SEC SIC code
EDYORWOKLORGCOCWSTPCGQRHCWMVSTTRGPORASMC

NEXT financials

Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$0
four quarters, 2025-07-01 to 2026-06-30
Net margin, TTM
n/a
revenue under $1M, the ratio says nothing
Free cash flow, TTM
-$5.7B
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Debt to equity
n/a
equity is zero or negative, the ratio has no meaning
Cash flow to debt
-0.02x
TTM operating cash flow over long-term 2026-06-30 plus current 2023-09-30 (33 months older than the period end)
Return on equity
-241.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets
-2.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on capital employed
-2.2%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Enterprise value
$12.0B
market value at close 2026-10-23 on 2026-07-24 shares, plus long-term 2026-06-30 plus current 2023-09-30 (33 months older than the period end), minus cash 2026-06-30
FCF yield
-342.1%
TTM free cash flow over market value at close 2026-10-23
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
2025-122024-122023-122022-12
Revenue$0$0$0$0
Operating income-$225.9M-$171.1M-$122.7M-$54.5M
Net income-$306.4M-$61.8M-$182.7M-$84.4M
EPS (diluted)-1.17-0.24-0.94-0.65
Operating cash flow-$169.4M-$95.6M-$73.6M-$40.1M
Cash$143.8M$148.1M$38.2M$62.8M
Long-term debt$8.5B$3.9B$1.8B$0
Buybacks$16.9M$6.7M$9.6M$3.3M
SEC XBRL, fiscal years, as known on 2026-10-27

NEXT Stock Sonar score 4/7 axes

Find similar shapesCompare

NEXT ranks highest on institutional and government (35th percentile) and risk and compliance (31st), and lowest on financial health (11th), among Utilities peers.

Profitability
13
Inputs
  • Return on equity-241.9% · 5 pct, sector of 104
  • Return on assets-2.1% · 21 pct, sector of 120
  • Return on invested capitaltax provision or pre-tax income not filed for the four quarters
  • Return on capital employed-2.2% · 13 pct, sector of 107
Financial health
11
Inputs
  • Debt to equityequity is zero or negative, the ratio has no meaning
  • Cash flow to debt-0.02x · 11 pct, sector of 113
Institutional and government
35
Inputs
  • Funds adding, latest quarter133 · 38 pct, sector of 121
  • Congress net buyers, 365dno Congress trades in 365 days
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quarters$400K · 32 pct, sector of 60
Risk and compliance
31
Inputs
  • Short interest, % of float+17.6% · 4 pct, sector of 162
  • Recalls per $1B revenue, 3yrevenue under $50M or not filed, so a count cannot be scaled to size
  • EPA cases per $1B revenue, 5yrevenue under $50M or not filed, so a count cannot be scaled to size
  • New text in Risk Factors, latest 10-K+11.0% · 58 pct, sector of 111
3 not measured: Growth, Insider conviction, US patents
  • Growth needs 1 of 2 inputs, 0 present: no backlog line filed, or no year-earlier backlog; no revenue for this year and the year before
  • Insider conviction needs 1 of 2 inputs, 0 present: no Form 4 purchase or sale (code P or S) in 180 days; no insider trades in 180 days
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

4 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

NEXT filings, in plain words

Are there planned insider sales of NEXT?

Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-27, covering $25.9K of stock; the latest, by Mott Michael, was filed 2026-10-21.

Read the full summary

Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-27, covering $25.9K of stock. 1 activist Schedule 13D filing in the last 180 days declared an intent to influence the company, the largest for 5.9% of the class. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.

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