Nextdecade Corp (OQ:NEXT)

Business Focus: Natural Gas Pipeline

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEC
Company Contact
Address: 1000 Louisiana St Ste 3900
HOUSTON TX 77002-5035
Tel: N/A
IR: See website
Key People
Matthew W. Bonanno
Interim Chairman of the Board and Independent Director
Matthew K. Schatzman
President, Chief Executive Officer, Director
Benjamin Atkins
Chief Financial Officer
Shaun Davison
Senior Vice President - Development & Regulatory Affairs
Ping Lee
Senior Vice President - LNG Marketing ' China
Eric Garcia
Chief Accounting Officer, Principal Accounting Officer
Erik Ludtke
Chief Commercial Officer
Business Overview
NextDecade Corporation, formerly Harmony Merger Corp., is a development and management company. The Company is engaged in developing of land-based Liquefied Natural Gas (LNG) projects and associated pipelines in the integrated gas industry in the State of Texas. The Company is focused on providing solutions for LNG across the full value chain. The Company is developing a land-based LNG project called Rio Grande LNG, which includes the development of a new natural gas pipeline, treatment and liquefaction facilities, as well as onsite LNG storage and distribution facilities. The Company's RGLNG project is located in close proximity to associated and stranded gas resources in the Permian Basin and Eagle Ford Shale. The Pipeline consists of two parallel, buried 42 inches outside-diameter pipelines running between the terminal and the pipeline's northern terminus, a distance of approximately 137 pipeline miles, and related facilities.
Financial Overview
For the three months ended 31 March 2019, Nextdecade Corp revenues was not reported. Net loss applicable to common stockholders increased 8% to $17.6M. Higher net loss reflects Depreciation expense increase of 41% to $41K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.15 to -$0.16.
Employees: 36 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $667.77M as of Mar 31, 2019
Annual revenue (TTM): $0.00M as of Mar 31, 2019
EBITDA (TTM): -$32.29M as of Mar 31, 2019
Net annual income (TTM): -$44.87M as of Mar 31, 2019
Free cash flow (TTM): -$44.87M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 109,979,473 as of May 3, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization