NextDecade Corporation's stock plummeted 5.08% during intraday trading on Friday, following the release of its first quarter 2026 financial results.
The company reported a net loss attributable to common stockholders of $136.41 million for the quarter, a significant widening from the prior-year period. Operating loss also increased to $55.12 million while revenue remained at zero. The financial update revealed increased cash usage in operating activities, which rose to $110.83 million, and a decline in cash, cash equivalents and restricted cash to $465.06 million at the end of the period.
Despite reporting construction progress of 67.8% for Trains 1 and 2 plus common facilities, and 44.2% completion for Train 3 as of March 2026, investors reacted negatively to the deteriorating financial metrics. The company maintained its timeline expectations, anticipating first gas in the second half of 2026 and first LNG production from Train 1 in the first half of 2027.
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