NextDecade Corporation (NEXT) Fair Value 2026

NEXT · Natural Gas Transmisison & Distribution ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

4.4 /10

32 fundamental signals · 3 models active

Value Trap Risk

SAFE (18/100)

Quick Summary — As of 2026-07-13, NextDecade Corporation (NEXT) trades at $8.16. QOC: 4.4/10. Value Trap Risk: 18/100 (SAFE). 3/13 models active.

Key Facts

Ticker
NEXT
Price
$8.16
Quality Score
4.4/10
Value Trap Risk
18/100
Models Active
3/13
Last Updated
Strength: PWERM suggests +95.5% upside with 40% confidence
Risk: Below-average Quality Score of 4.4/10 signals weak fundamentals

Valuation Matrix

3 Intrinsic Value Models vs. Current Price ($8.16)

Core Models (Unlocked)
Model Fair Value Upside
ML-RIV
High Conviction
$0.25 -96.9%
PWERM
Medium Conviction
$15.95 +95.5%
Markov DDM
Medium Conviction
$7.06 -13.5%

All Models Active

All 3 models are displayed above.

What Is NextDecade Corporation (NEXT) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on NextDecade Corporation at its current price of $8.16. The composite intrinsic value is estimated at $7.76 (-4.9% average return), with 2 models flagging overvaluation risk. Notably, PWERM sees the most upside at +95.5% (fair value: $15.95), while ML-RIV is the most conservative at -96.9% ($0.25). The spread between these extremes — +192.4% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About NEXT?

3 of 13 models are currently active for NEXT. Of these, 1 model suggests upside while 2 models suggest overvaluation. See which stocks rank higher →

How Does NEXT Rank in Natural Gas Transmisison & Distribution?

Among 7 Natural Gas Transmisison & Distribution stocks, NEXT ranks #7 by Quality of Company score. CirclFi's QOC score of 4.4/10 evaluates 32 fundamental signals. A score of 4.4 reflects mixed fundamentals.

As a oil and gas company, NextDecade Corporation operates in a sector where reserve replacement ratio is a critical driver of valuation. Investors evaluating NEXT should weigh these sector-specific dynamics alongside our model-derived fair values.

Is NEXT a Value Trap?

CirclFi's Value Trap algorithm assigns NEXT a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for NextDecade Corporation. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, NextDecade Corporation's fundamental quality profile registers 4.4/10. This mixed score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +192.4% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NEXT valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NEXT's 3 active models, average confidence is 40%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy NextDecade Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Natural Gas Transmisison & Distribution Stocks Should You Also Analyze?

6 related Natural Gas Transmisison & Distribution stocks with 13-model coverage

Read investment analysis: OKE · SWX · CPK · BIPC · RGCO

Frequently Asked Questions About NextDecade Corporation

What is NextDecade Corporation's intrinsic value in 2026?

Based on CirclFi's 13-model analysis, NextDecade Corporation (NEXT) has multiple fair value estimates. The Bayesian DCF model runs 10,000 Monte Carlo simulations with jump-diffusion to estimate intrinsic value. The Quality of Company score is 4.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NEXT overvalued or undervalued right now?

At $8.16, 1 of 3 active models suggest NEXT may be undervalued, while 2 indicate potential overvaluation. The assessment depends on which methodology best fits NextDecade Corporation's business model in Natural Gas Transmisison & Distribution.

What does a Quality of Company score of 4.4 mean for NEXT?

NextDecade Corporation's QOC of 4.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores below 5 flag potential fundamental weaknesses requiring careful analysis.

How many valuation models does CirclFi run on NEXT?

CirclFi analyzes NEXT with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Is NEXT a value trap in 2026?

NextDecade Corporation's Value Trap score is 18/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap. Browse stocks by value-trap risk →