NextDecade

Q2 FY2026 EarningsQ2 FY26 results beat consensus on earnings while revenue remains at zero during the intensive construction phase. Diluted EPS (GAAP) of -$0.25 significantly outperformed the -$0.66 mean estimate, driven by a $116.1M derivative gain from interest rate swaps. Total debt increased to $10.4B as construction on Trains 1-5 continues, while a post-quarter $3.5B notes offering and $1.0B HoldCo loan have successfully extended the debt maturity profile and reduced credit facility reliance.