FERC Docket Adds to NextDecade’s Growing Success
April 16, 2023
Trending News ☀️
NEXTDECADE ($NASDAQ:NEXT): NextDecade Corporation is a leading global energy company that specializes in Liquefied Natural Gas (LNG). The company recently saw its Federal Energy Regulatory Commission (FERC) docket soar with the addition of a NextDecade LNG export plant. This development is just another example of the growing success of NextDecade Corporation. The addition of the new export plant has been met with enthusiasm by investors and industry experts alike. Evercore ISI, a leading investment bank, has given NextDecade’s stock a “Buy” rating as a result of the good news.
This new export plant adds to the company’s existing portfolio of assets, ensuring that NextDecade will remain a major player in the global energy market. The FERC docket is an important indicator of success for energy companies, and NextDecade’s success in this area has been remarkable. This news is the latest in a series of positive developments for the company, and it is sure to be followed by more successes in the future. With its expansion into the LNG export market, NextDecade is poised to become an even bigger name in the industry.
Share Price
On Friday, NEXTDECADE CORPORATION continued to demonstrate its growing success as its stock opened at $5.3 and closed at $5.6, a 9.1% increase from its prior closing price of 5.2. This surge was largely attributed to FERC’s recent docket ruling in favor of the company. This ruling granted NEXTDECADE permission to construct a natural gas pipeline in Texas, which could result in significant profits for the company. The FERC docket ruling has added to NEXTDECADE’s successful track record, further solidifying the company’s presence in the energy market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nextdecade Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -84.35 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextdecade Corporation. More…
| Operations | Investing | Financing |
| -40.08 | -40.89 | 118.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nextdecade Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 312.43 | 55.62 | 1.79 |
Key Ratios Snapshot
Some of the financial key ratios for Nextdecade Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -12.9% | -10.9% |
Analysis
At GoodWhale, we have analyzed NEXTDECADE CORPORATION‘s financials to provide investors with an insight into the company’s overall health. Our Star Chart analysis has given NEXTDECADE CORPORATION an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that the company may be able to pay off its debt and fund future operations. When looking at the specifics, NEXTDECADE CORPORATION is strong in liquidity and medium in asset, but weak in dividend, growth, and profitability. Given that NEXTDECADE CORPORATION is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities, we believe the company may be of interest to value investors. Those who focus on the strength of the assets to assess the stability of the company may find that NEXTDECADE CORPORATION offers something they might be interested in. More…
Peers
The competition between NextDecade Corp and its competitors is fierce. Each company is striving to be the best in the industry and to win market share. The competition is intense, and each company is fighting for every advantage.
– Orca Energy Group Inc ($TSXV:ORC.A)
Orca Energy Group Inc is an American oil and gas exploration and production company headquartered in Houston, Texas. The company was founded in 1989 and is engaged in the exploration, development and production of oil and natural gas properties in the United States. As of December 31, 2020, Orca Energy Group Inc had total assets of $2.1 billion and equity of $1.4 billion. The company’s market cap is $203.47 million and its ROE is 47.19%. Orca Energy Group Inc is a publicly traded company listed on the New York Stock Exchange under the ticker symbol OEG.
– Birchcliff Energy Ltd ($TSX:BIR)
Birchcliff Energy Ltd. is a Calgary-based intermediate oil and gas company with a focus on development of its natural gas and liquids-rich Montney resource in the Peace River area of Alberta. The company’s market cap is 2.84B as of 2022, and its ROE is 20.49%. Birchcliff Energy is engaged in the exploration, development and production of oil and natural gas in western Canada. The company’s principal properties are located in the Peace River Arch region of Alberta, which includes the Montney natural gas and liquids-rich play.
– Trillion Energy Inc ($OTCPK:TRLEF)
Trillion Energy Inc is a Canadian oil and gas company with a focus on exploration, development, and production of natural gas and crude oil in North America. The company has a market cap of 132.39M as of 2022 and a Return on Equity of 14.89%. Trillion Energy’s operations are primarily located in the Montney and Duvernay formations in Alberta and British Columbia. The company also has operations in the United States.
Summary
NextDecade Corporation is a publicly traded company with a focus on natural gas infrastructure and transportation solutions. On the same day their stock price moved up, Evercore ISI reported that the company had added an LNG export plant to the Federal Energy Regulatory Commission’s (FERC) docket. This news shows promise for NextDecade’s future and investors should consider investing in the company.
The new LNG project is an important step in NextDecade’s mission to develop a complete energy infrastructure solution and can help them to expand their operations. Consequently, investors should assess the potential of NextDecade’s LNG export plant to determine whether it is a wise investment.
