As of August 2026, NextDecade Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
NextDecade Corp. Stock Analysis NEXT
United States Energy Small Cap
NextDecade Corp. is a development company, which focuses on liquefied natural gas (LNG) export projects and associated pipelines. The company is headquartered in Houston, Texas and currently employs 360 full-time employees. The company went IPO on 2015-03-24. The firm is engaged in construction and development activities related to the liquefaction and sale of liquefied natural gas (LNG) and the capture and storage of carbon dioxide (CO2) emissions. The firm is constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley in Brownsville, Texas (the Rio Grande LNG Facility), which has three liquefaction trains and related infrastructure under construction. Through its subsidiary, Rio Grande LNG, LLC (Rio Grande), the Company is constructing the Rio Grande LNG Facility on the north shore of the Brownsville Ship Channel. The site is located on 984 acres of land which has been leased long-term and includes 15 thousand feet of frontage on the Brownsville Ship Channel. The company is also developing a planned carbon capture and storage (CCS) project at the Rio Grande LNG Facility and other potential CCS projects.
NextDecade Corp (NEXT) Chart
Financial Metrics & Statements of NextDecade Corp (NEXT)
FAQ's for NextDecade Corp (NEXT)
As of August 2026, NextDecade Corp NEXT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes NextDecade Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in NextDecade Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of NextDecade Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of NextDecade Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of NextDecade Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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