Nextdecade Corporation (NEXT)
Sector • Utilities Industry • Natural Gas Utilities |
Industry • Natural Gas Utilities |
Sector • Utilities |
Nextdecade Corp Shows Promising Progress Despite Recent Financial Losses
Company*s Improved Ranking in ROE and Steady Revenue Growth Indicate Positive Future Outlook
Published May 14 2023 / Modified May 15 2023
CSIMarket Team / CSIMarket.com
Despite Nextdecade Corp's recent financial performance showing a net loss of $-76 million and a negative return on equity (ROE) of -147.65% during the 12 months ending in the first quarter of 2022, there is still positive news for investors.
Nextdecade is in good standing when compared to other companies in the Natural Gas Utilities industry, with 25 companies having a higher return on equity than Nextdecade.
Moreover, Nextdecade has been able to advance its overall ranking in ROE from 4101 in the fourth quarter of 2022 to 2718 so far in Q1 of 2023.
Investors have been keeping a close eye on Nextdecade's operations, particularly in the top-line, since the company has not yet disclosed its revenue.
The company's operating deficit of $-27.11 million during this period is a concern, but it is important to note that the company's performance in the first quarter of 2022 saw an operating deficit of $-5.134 million.
This suggests that the company is making strides towards improving its financial situation.
Although Nextdecade recorded a net loss of $-27.347 million during the first quarter of 2023, which is a considerable increase from the $-11.437 million in the comparable quarter a year ago, there is still optimism among investors.
Nextdecade is expected to report its next financial results on August 10, 2023.
While there is still work to be done, Nextdecade's progress in improving its ROE ranking and reducing its operating deficit is encouraging.
The market remains optimistic that the company will be able to turn things around and deliver better financial results in the future.
For investors who are looking for a company that has the potential for growth, Nextdecade Corp can be a promising option to explore.
Nextdecade is in good standing when compared to other companies in the Natural Gas Utilities industry, with 25 companies having a higher return on equity than Nextdecade.
Moreover, Nextdecade has been able to advance its overall ranking in ROE from 4101 in the fourth quarter of 2022 to 2718 so far in Q1 of 2023.
Investors have been keeping a close eye on Nextdecade's operations, particularly in the top-line, since the company has not yet disclosed its revenue.
The company's operating deficit of $-27.11 million during this period is a concern, but it is important to note that the company's performance in the first quarter of 2022 saw an operating deficit of $-5.134 million.
This suggests that the company is making strides towards improving its financial situation.
Although Nextdecade recorded a net loss of $-27.347 million during the first quarter of 2023, which is a considerable increase from the $-11.437 million in the comparable quarter a year ago, there is still optimism among investors.
Nextdecade is expected to report its next financial results on August 10, 2023.
While there is still work to be done, Nextdecade's progress in improving its ROE ranking and reducing its operating deficit is encouraging.
The market remains optimistic that the company will be able to turn things around and deliver better financial results in the future.
For investors who are looking for a company that has the potential for growth, Nextdecade Corp can be a promising option to explore.
Other NEXT's news
NextDecade Corporation: Pioneering Sustainable LNG Development for an Energy-Hungry World
NextDecade Secures $62.5 Million Credit Agreement to Fuel Expansion Plans
Nextdecade Corp*s Expenses Soar in June 2023, Despite Positive Year-to-Date Growth
Nextdecade Corp Shows Promising Progress Despite Recent Financial Losses
Other NEXT's news
NextDecade Corporation: Pioneering Sustainable LNG Development for an Energy-Hungry World
NextDecade Secures $62.5 Million Credit Agreement to Fuel Expansion Plans
Nextdecade Corp*s Expenses Soar in June 2023, Despite Positive Year-to-Date Growth
Nextdecade Corp Shows Promising Progress Despite Recent Financial Losses