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No insider purchase over the last 90 days. The latest was filed 25 Mar 2026.
NextDecade Corp.: what insiders have been doing
Every trade that managers of NextDecade Corp. disclose to SEC (Form 4) is tracked on this page. The company sits in the Energy sector. Between 18 October 2025 and 18 October 2026, 15 insiders published 30 filings.
Only purchases show up on the open market, 10 purchases in all worth €17.7M, filed by 2 insiders. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Biggest ticket of the year: €4.2M, bought by Hanwha Aerospace Co., Ltd. and made public on 15 December 2025. Among those who bought: 1 senior executive.
The clock since the last published purchase (25 March 2026) now reads 207 days. The median gap between a trade and its publication by SEC (Form 4) is 4 days. Section 16 rules allow two business days to file each Form 4.
With 30 filings in twelve months, the company is more active than the median of 19 filings across the 5,811 companies we follow on the same exchange. Looking back to 2021, when coverage begins, insiders filed 18 purchases and 4 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of -429.6 m USD.
In the same sector, recent insider purchases at RGC Resources Inc and Empire Petroleum Corp also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
170
Thresholds
n/a
Buy Volume
€69M
18 ops. · all time
Sell Volume
€247M
4 ops. · all time
Who traded when
BuySaleHanwha Aerospace Co., Ltd.10 buys
Bardin Hill Investment Partners LP2 buys
William C. Vrattos2 buys
Edward Andrew Scoggins Jr.1 buy
Matthew K. Schatzman1 buy
Pamela K.M. Beall1 buy
Since the insiders bought
- -12.1%Entry US$8.15 · Close at T+90 US$7.16
- +12.5%Entry US$5.10 · Close at T+90 US$5.74
- +2.0%Entry US$6.88 · Close at T+365 US$7.02
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate NextDecade Corp. Buy (bullish), based on 5 analysts. Average price target: US$8.70.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$6.01
Analyst consensus
5 analystsBuy
US$7.00Target US$8.70(+45%)US$11.00
Income statement
Gross profit-US$12.1M
EBITDA-US$328M
Net income-US$306.4M0.0% margin
Valuation
PER (forward)40.1x
Beta1.54
Balance sheet & cash
Market capUS$1.6B
Total debtUS$8.7B
Free Cash Flow-US$5B
Debt / Equity378%
Profitability & ownership
ROE-15.8%
ROA-1.2%
% insiders45.6%
% institutions43.2%
Last declaration on 16 October 2026
Declarations170 total
19,675 shares@ US$6.80Common StockSEC:0002063872-26-000008:0
7,732 shares@ US$7.540.0033% mcap100.0% of flowCommon StockSEC:0002031998-26-000006:0
15,463 shares@ US$7.540.0065% mcap11.5% of flowCommon StockSEC:0001873011-26-000008:0
69,583 shares@ US$7.540.029% mcap7.0% of flowCommon StockSEC:0001716751-26-000008:0
51,935 shares@ US$7.990.024% mcap41.6% of flowCommon StockSEC:0001873011-26-000002:0
266,531 shares@ US$7.990.12% mcap28.7% of flowCommon StockSEC:0001716751-26-000002:0
11,965 sharesCommon StockSEC:0002139021-26-000006:0
1,312 shares@ US$8.540.0006% mcap100.0% of flowCommon StockSEC:0002063872-26-000002:0
71,500 shares@ US$7.07100.0% of flowCommon StockSEC:0001067429-26-000005:0
Canonical exit: 21 Jun 2026 (T+90)
30,245 shares0Common StockSEC:0001792520-26-000002:0
30,245 shares0Common StockSEC:0001733415-26-000002:0
49,149 shares0Common StockSEC:0001713335-26-000002:0
51,984 shares0Common StockSEC:0001713098-26-000002:0
30,245 shares0Common StockSEC:0001615237-26-000003:0
40,642 shares0Common StockSEC:0001540790-26-000002:0
30,245 shares0Common StockSEC:0001067429-26-000002:0
851,971 shares@ US$5.831320.7% of flowCommon StockSEC:0001193125-25-319616:0
Canonical exit: 11 Mar 2026 (T+90)
39,467 shares@ US$6.25811.0% of flowCommon StockSEC:0001193125-25-314661:0
Canonical exit: 8 Mar 2026 (T+90)
241,946 shares@ US$6.03736.1% of flowCommon StockSEC:0001193125-25-310040:0
Canonical exit: 3 Mar 2026 (T+90)
111,084 shares@ US$6.11892.9% of flowCommon StockSEC:0001193125-25-305656:0
Canonical exit: 26 Feb 2026 (T+90)
445,109 shares@ US$5.593710.5% of flowCommon StockSEC:0001193125-25-301016:0
Canonical exit: 22 Feb 2026 (T+90)
347,630 shares@ US$6.02058.8% of flowCommon StockSEC:0001193125-25-293998:0
Canonical exit: 18 Feb 2026 (T+90)
295,875 shares@ US$5.86837.3% of flowCommon StockSEC:0001193125-25-288512:0
Canonical exit: 15 Feb 2026 (T+90)
460,334 shares@ US$6.082611.7% of flowCommon StockSEC:0001193125-25-284634:0
Canonical exit: 11 Feb 2026 (T+90)
591,837 shares@ US$6.068515.1% of flowCommon StockSEC:0001193125-25-280750:0
Canonical exit: 9 Feb 2026 (T+90)
25 of 170 declarations
About NextDecade Corp.
NextDecade Corp. (NASDAQ: NEXT) is a U.S.-based energy infrastructure developer focused on liquefied natural gas (LNG). Headquartered in Houston, Texas, in the United States, the company is building a long-duration growth platform around the Rio Grande LNG project near Brownsville on the Texas Gulf Coast. For European investors, NextDecade sits at the intersection of LNG infrastructure, export logistics, and the global energy transition, with direct exposure to international LNG demand and U.S. gas-market dynamics.
The company was founded in the mid-2010s and has since centered its strategy on developing a large-scale liquefaction complex on the Gulf Coast, one of the most strategic export corridors for U.S. natural gas. Its core asset is the Rio Grande LNG Facility, which includes multiple liquefaction trains, LNG storage tanks, marine berths, and shared site infrastructure. Phase 1, covering Trains 1 through 3, is under construction. In 2025, Trains 4 and 5 were commercialized and then reached positive final investment decisions, a key milestone that moved the project further from concept toward bankable industrial execution. NextDecade is also advancing Trains 6 through 8 and has said the site has space for as many as 10 trains overall.
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From a competitive standpoint, NextDecade is not a vertically integrated gas producer. It is a project developer and future operator of liquefaction capacity, with its economics driven by long-term LNG sales and liquefaction agreements rather than commodity production. Its competitive advantages are tied to the U.S. Gulf Coast location, access to abundant domestic gas supply, favorable logistics for loading LNG carriers, and commercial contracts that help secure future volumes. The company has announced counterparties that include major global energy players, supporting the credibility of its commercialization strategy.
Recent developments show strong momentum: the company completed financing and achieved FID for Trains 4 and 5, began construction work on those trains, continued pre-FID marketing of early cargoes, and initiated the regulatory pre-filing process for Train 6. NextDecade has also indicated that first LNG from Train 1 is expected in the first half of 2027. Overall, the investment case remains highly execution-sensitive, with value creation hinging on construction progress, financing discipline, permitting, and the successful conversion of its large site into a multi-train LNG export platform.
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