NEXTNasdaqNatural Gas Transmisison & DistributionFiscal year ends December 31
NextDecade Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$6.25−0.01 (-0.16%)
Close on Oct 19, 2026
- Market cap
- $1.66B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
40.9%
109M of 266M shares
Institutional holders
211
42 new, 34 sold out
Net institutional buying
-3M
In Q2 2026
Insider trades, 12 months
23 buys · 0 sales
Net bought $47.19M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Hanwha Aerospace Co., Ltd. | 25,620,222 | 9.70% | 13D (active) amendment | Dec 9, 2025 |
| Hanwha Impact Global Corporation | 23,410,842 | 8.80% | 13D (active) amendment | Nov 18, 2025 |
| General Atlantic Partners, L.P. | 16,881,565 | 6.00% | 13G (passive) | Mar 17, 2026 |
| Gasc Gp, LLC | 16,658,563 | 5.90% | 13D (active) | Jun 3, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NEXT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 23,820,718 | 8.95% | $179.61M | +857,363 | 0.00% |
| Mubadala Investment Co PJSC | 14,206,376 | 5.34% | $107.12M | – | 0.31% |
| Man Investment Partners (US) LP | 9,274,894 | 3.48% | $69.93M | – | 19.46% |
| Vanguard Capital Management LLC | 5,530,334 | 2.08% | $41.70M | −375,837 | 0.00% |
| Catalyst Capital Advisors LLC | 5,216,592 | 1.96% | $39.33M | – | 0.65% |
| Geode Capital Management, LLC | 4,251,461 | 1.60% | $32.06M | +229,801 | 0.00% |
| State Street Corp | 3,799,466 | 1.43% | $28.65M | +251,193 | 0.00% |
| Vanguard Portfolio Management LLC | 2,483,302 | 0.93% | $18.72M | +40,727 | 0.00% |
| Millennium Management LLC | 2,254,323 | 0.85% | $17.00M | −299,518 | 0.01% |
| NEOS Investment Management LLC | 2,158,224 | 0.81% | $16.27M | −384,353 | 0.06% |
| Hotchkis & Wiley Capital Management LLC | 2,130,800 | 0.80% | $16.07M | +231,750 | 0.05% |
| Balyasny Asset Management L.P. | 1,926,956 | 0.72% | $14.53M | −613,199 | 0.02% |
| Bank Of America Corp /De/ | 1,911,869 | 0.72% | $14.42M | +36,582 | 0.00% |
| Kestra Advisory Services, LLC | 1,464,047 | 0.55% | $11.04M | New | 0.04% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,461,169 | 0.55% | $11.02M | −151,305 | 0.01% |
| Westwood Holdings Group Inc | 1,412,509 | 0.53% | $10.65M | +46,421 | 0.08% |
| JPMorgan Chase & Co | 1,349,621 | 0.51% | $9.98M | +1,183,081 | 0.00% |
| Northern Trust Corp | 1,339,554 | 0.50% | $10.10M | +57,470 | 0.00% |
| Charles Schwab Investment Management Inc | 1,237,688 | 0.46% | $9.33M | +13,648 | 0.00% |
| Freshford Capital Management, LLC | 1,180,872 | 0.44% | $8.90M | +629,772 | 3.05% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 211 | 109M | 40.9% | 42 / 93 | 48 / 34 | 11M | 14M |
| Q1 2026 | 207 | 112M | 41.9% | 61 / 83 | 41 / 36 | 26M | 14M |
| Q4 2025 | 186 | 109M | 40.8% | 35 / 71 | 55 / 36 | 21M | 25M |
| Q3 2025 | 194 | 117M | 44.0% | 41 / 60 | 66 / 24 | 10M | 22M |
| Q2 2025 | 179 | 129M | 48.5% | 22 / 73 | 60 / 26 | 13M | 12M |
| Q1 2025 | 184 | 128M | 48.1% | 44 / 73 | 45 / 22 | 13M | 14M |
| Q4 2024 | 164 | 129M | 48.6% | 39 / 72 | 34 / 19 | 16M | 23M |
| Q3 2024 | 144 | 136M | 51.0% | 34 / 48 | 45 / 28 | 37M | 47M |
| Q2 2024 | 139 | 165M | 62.0% | 36 / 57 | 29 / 15 | 20M | 37M |
| Q1 2024 | 119 | 183M | 68.6% | 20 / 53 | 30 / 13 | 17M | 8M |
| Q4 2023 | 112 | 174M | 65.2% | 19 / 56 | 22 / 22 | 43M | 11M |
| Q3 2023 | 117 | 142M | 53.2% | 25 / 44 | 32 / 16 | 40M | 16M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NEXT | Value | % of fund | As of |
|---|---|---|---|---|---|
| Catalyst Energy Infrastructure Fund | 5,216,592 | 1.96% | $39.33M | 10.11% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,365,907 | 1.64% | $32.92M | 0.04% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,787,633 | 1.42% | $28.56M | 0.00% | Jun 30, 2026 |
| NEOS MLP & Energy Infrastructure High Income ETF | 2,146,037 | 0.81% | $16.18M | 2.39% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,834,417 | 0.69% | $12.33M | 0.04% | Jul 31, 2026 |
| Global X MLP and Energy Infrastructure ETF | 1,733,052 | 0.65% | $13.71M | 0.39% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 1,616,399 | 0.61% | $12.19M | 0.01% | Jun 30, 2026 |
| Vanguard Energy Index Fund | 1,373,763 | 0.52% | $10.87M | 0.09% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 1,292,071 | 0.49% | $9.74M | 0.07% | Jun 30, 2026 |
| Westwood Salient Mlp & Energy | 1,102,221 | 0.41% | $7.41M | 0.52% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 900,789 | 0.34% | $7.13M | 0.04% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 727,782 | 0.27% | $5.76M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 677,440 | 0.25% | $5.36M | 0.02% | May 31, 2026 |
| Hotchkis and Wiley Small Cap Diversified Value Fund | 646,450 | 0.24% | $4.87M | 0.53% | Jun 30, 2026 |
| Pacer American Energy Independence ETF | 531,900 | 0.20% | $3.57M | 2.69% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Matthew K. Schatzman | Chief Executive Officer, Director | 5,319,526 | 2.00% | Sep 11, 2026 |
| Gyarfas Vera de | General Counsel | 955,103 | 0.36% | Sep 11, 2026 |
| Tarik Skeik | Chief Operating Officer | 355,542 | 0.13% | Sep 11, 2026 |
| John Zuklic | Chief Financial Officer | 139,257 | 0.05% | Sep 2, 2026 |
| Luke Boylston | Chief Accounting Officer | 236,818 | 0.09% | Sep 2, 2026 |
| Brent Wahl | Chief Financial Officer | 1,440,639 | 0.54% | Oct 20, 2025 |
| Michael Mott | Interim CFO | 489,554 | 0.18% | Oct 20, 2025 |
| Charles Q. Brown Jr. | Director | 11,965 | 0.00% | Jun 16, 2026 |
| David L. Stover | Director | 20,565 | 0.01% | Jun 16, 2026 |
| Matthew W. Bonanno | Director | 84,900 | 0.03% | Jun 11, 2026 |
| Pamela K.M. Beall | Director | 108,507 | 0.04% | Mar 25, 2026 |
| Frank Chapman | Director | 285,427 | 0.11% | Feb 3, 2026 |
| William C. Vrattos | Director | 1,423,003 | 0.53% | Feb 3, 2026 |
| Brian Belke | Director | 440,919 | 0.17% | Feb 3, 2026 |
| Louis Spencer Wells | Director | 276,410 | 0.10% | Feb 3, 2026 |
| Edward Andrew Scoggins Jr. | Director | 230,315 | 0.09% | Feb 3, 2026 |
| Diana L. Sands | Director | 47,404 | 0.02% | Feb 3, 2026 |
| Investment Partners (US) LP Man | Director | 11,208,389 | 4.21% | Nov 19, 2025 |
| In Kyu Park | Director | 0 | – | Aug 11, 2025 |
| Arnaud Lenail-Chouteau | Director | 0 | – | Oct 25, 2024 |
| Hanwha Aerospace Co., Ltd. | 10% owner | 43,956,591 | 16.51% | Dec 15, 2025 |
| Avinash Kripalani | – | 10,266,553 | 3.86% | Nov 19, 2025 |
| Jason Dillow | – | 8,917,873 | 3.35% | Nov 19, 2025 |
| John Winand Greene JR | – | 9,274,894 | 3.48% | Nov 19, 2025 |
| Pratik Desai | – | 8,492,799 | 3.19% | Nov 19, 2025 |
| Investment (US) Opportunistic Credit Fund II GP LLC Man | – | – | – | Nov 19, 2025 |
| Hill Opportunistic Credit Master (US) Fund II LP Bardin | – | – | – | Nov 19, 2025 |
| Hill Fund GP LLC Bardin | – | 8,492,799 | 3.19% | Sep 18, 2025 |
| Hill Event-Driven Master Fund LP Bardin | – | – | – | Sep 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Tarik Skeik Chief Operating Officer | Sep 9, 2026 | Tax withholding | −7,732 | $7.54 | $58.30K | 355,542 |
| Gyarfas Vera de General Counsel | Sep 9, 2026 | Tax withholding | −15,463 | $7.54 | $116.59K | 955,103 |
| Matthew K. Schatzman Chief Executive Officer, Director | Sep 9, 2026 | Tax withholding | −69,583 | $7.54 | $524.66K | 5,319,526 |
| Matthew K. Schatzman Chief Executive Officer, Director | Aug 31, 2026 | Tax withholding | −135,928 | $7.54 | $1.02M | 5,667,115 |
| Matthew K. Schatzman Chief Executive Officer, Director | Aug 31, 2026 | Award | +464,190 | – | – | 5,803,043 |
| Luke Boylston Chief Accounting Officer | Aug 31, 2026 | Tax withholding | −6,563 | $7.54 | $49.49K | 236,818 |
| Luke Boylston Chief Accounting Officer | Aug 31, 2026 | Award | +23,872 | – | – | 243,381 |
| Gyarfas Vera de General Counsel | Aug 31, 2026 | Award | +132,625 | – | – | 1,062,723 |
| Gyarfas Vera de General Counsel | Aug 31, 2026 | Tax withholding | −30,378 | $7.54 | $229.05K | 1,032,345 |
| Tarik Skeik Chief Operating Officer | Aug 31, 2026 | Tax withholding | −18,043 | $7.54 | $136.04K | 363,274 |
| Tarik Skeik Chief Operating Officer | Aug 31, 2026 | Award | +99,469 | – | – | 381,317 |
| John Zuklic Chief Financial Officer | Aug 31, 2026 | Award | +139,257 | – | – | 139,257 |
| Gyarfas Vera de General Counsel | Jul 10, 2026 | Tax withholding | −51,935 | $7.99 | $414.96K | 930,098 |
| Matthew K. Schatzman Chief Executive Officer, Director | Jul 10, 2026 | Tax withholding | −266,531 | $7.99 | $2.13M | 5,338,853 |
| Charles Q. Brown Jr. Director | Jun 15, 2026 | Award | +11,965 | – | – | 11,965 |
| David L. Stover Director | Jun 15, 2026 | Award | +20,565 | – | – | 20,565 |
| Luke Boylston Controller | May 13, 2026 | Tax withholding | −1,312 | $8.54 | $11.20K | 219,509 |
| Pamela K.M. Beall Director | Mar 23, 2026 | Buy | +71,500 | $7.07 | $505.51K | 71,500 |
| Frank Chapman Director | Jan 30, 2026 | Award | +30,245 | – | – | 285,427 |
| Louis Spencer Wells Director | Jan 30, 2026 | Award | +30,245 | – | – | 276,410 |
| Diana L. Sands Director | Jan 30, 2026 | Award | +40,642 | – | – | 47,404 |
| Brian Belke Director | Jan 30, 2026 | Award | +49,149 | – | – | 440,919 |
| Edward Andrew Scoggins Jr. Director | Jan 30, 2026 | Award | +30,245 | – | – | 230,315 |
| William C. Vrattos Director | Jan 30, 2026 | Award | +51,984 | – | – | 78,517 |
| Pamela K.M. Beall Director | Jan 30, 2026 | Award | +30,245 | – | – | 37,007 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 12, 2025 | Buy | +800,000 | $5.54 | $4.43M | 26,420,222 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 11, 2025 | Buy | +851,971 | $5.83 | $4.97M | 25,620,222 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 10, 2025 | Buy | +600,000 | $6.05 | $3.63M | 24,768,251 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 9, 2025 | Buy | +293,131 | $6.36 | $1.86M | 24,168,251 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 8, 2025 | Buy | +39,467 | $6.26 | $247.06K | 23,875,120 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 5, 2025 | Buy | +151,058 | $6.21 | $938.07K | 23,835,653 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 4, 2025 | Buy | +243,959 | $6.19 | $1.51M | 23,684,595 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 3, 2025 | Buy | +241,946 | $6.04 | $1.46M | 23,440,636 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 2, 2025 | Buy | +310,964 | $5.93 | $1.84M | 23,198,690 |
| Hanwha Aerospace Co., Ltd. 10% owner | Dec 1, 2025 | Buy | +205,160 | $6.05 | $1.24M | 22,887,726 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 28, 2025 | Buy | +111,084 | $6.12 | $679.83K | 22,682,566 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 26, 2025 | Buy | +175,142 | $5.95 | $1.04M | 22,571,482 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 25, 2025 | Buy | +285,502 | $5.73 | $1.64M | 22,396,340 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 24, 2025 | Buy | +445,109 | $5.59 | $2.49M | 22,110,838 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 21, 2025 | Buy | +419,477 | $5.73 | $2.40M | 21,665,729 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 20, 2025 | Buy | +347,630 | $6.02 | $2.09M | 21,246,252 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 19, 2025 | Buy | +305,973 | $6.04 | $1.85M | 20,898,622 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 18, 2025 | Buy | +462,576 | $5.92 | $2.74M | 20,592,649 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 17, 2025 | Buy | +295,875 | $5.87 | $1.74M | 20,130,073 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 14, 2025 | Buy | +244,330 | $6.09 | $1.49M | 19,834,198 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 13, 2025 | Buy | +460,334 | $6.08 | $2.80M | 19,589,868 |
| Hanwha Aerospace Co., Ltd. 10% owner | Nov 11, 2025 | Buy | +591,837 | $6.07 | $3.59M | 19,129,534 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Award | +49,668 | – | – | 951,909 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Award | +49,669 | – | – | 982,033 |
| Gyarfas Vera de General Counsel | Oct 16, 2025 | Tax withholding | −19,545 | $6.11 | $119.42K | 932,364 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Tax withholding | −38,034 | $6.11 | $232.39K | 1,440,639 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Award | +74,503 | – | – | 1,515,142 |
| Brent Wahl Chief Financial Officer | Oct 16, 2025 | Award | +74,503 | – | – | 1,478,673 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Tax withholding | −16,682 | $6.11 | $101.93K | 232,179 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Award | +49,669 | – | – | 281,848 |
| Tarik Skeik Chief Operating Officer | Oct 16, 2025 | Award | +49,668 | – | – | 248,861 |
| Michael Mott Interim CFO | Oct 16, 2025 | Award | +20,860 | – | – | 489,554 |
| Michael Mott Interim CFO | Oct 16, 2025 | Award | +20,861 | – | – | 510,415 |
| Matthew K. Schatzman Chief Executive Officer, Director | Oct 16, 2025 | Award | +223,510 | – | – | 5,605,384 |
| Matthew K. Schatzman Chief Executive Officer, Director | Oct 16, 2025 | Tax withholding | −87,951 | $6.11 | $537.38K | 5,381,874 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.