NEXT NextDecade Corp Insider Trading

Director Beall purchases 71,500 shares of NEXT at $7.07 for $505,505, first stake; stock trades -38.8% from 52-week high amid $-184.8M net loss.

Director Pamela K.M. Beall established a 71,500-share position in NextDecade Corp by purchasing shares at $7.07 on March 23, 2026, representing her first recorded holdings of the company. The transaction occurs while the company carries significant headwinds: NextDecade reported zero revenue in its latest quarter and a net loss of $-184,756,000 over its most recent full fiscal year. The stock is currently trading at $7.34, which is 38.8% below its 52-week high of $12.00, although it has recovered 35.4% over the past 30 days and 34.4% over 90 days. This purchase by a newly-appointed director into a pre-revenue or early-stage energy company with substantial accumulated losses is material and warrants examination of the board's investment thesis and the company's near-term commercial milestones.

10% owner Hanwha Aerospace buys 1,651,971 shares at $5.69 avg; stock down -57.2% from 52-week high, posting -184.8M quarterly loss.

Hanwha Aerospace, a 10% owner, executed 2 separate purchases totaling 1,651,971 shares for $9,399,378.49 at a blended average price of $5.69 on 2025-12-11 and 2025-12-12, increasing its stake by 6.7% to 26,420,222 shares. The timing follows a sharp price decline: the stock trades at $5.13 (57.2% below its 52-week high of $12.00) and has fallen 15.4% over 30 days and 26.4% over 90 days. The company reported zero quarterly revenue and a net loss of $184,756,000.00. This accumulation by a major shareholder during a period of deteriorating valuation metrics and ongoing negative earnings warrants attention to whether this reflects Hanwha's long-term confidence in the company's direction or an opportunistic response to depressed pricing.

Major 10% shareholder Hanwha Aerospace purchases 932,598 shares (3 transactions, $5.7M) at $6.16 avg amid 51% decline from 52-wk high; holdings now 24.77M shares

Hanwha Aerospace, a 10% owner, executed three separate purchases totaling 932,598 shares for $5,742,413.65 between December 8–10, 2025, at prices ranging from $6.05 to $6.36 (blended average $6.16). The company holds $0.00 in revenue and reported a net loss of $184,756,000.00. The current price of $5.88 sits 51.0% below the 52-week high of $12.00, and the insider's cross-ticker track record shows 19 prior open-market buys averaging -16.7% 30-day returns. Five same-ticker purchases executed on December 1–5, 2025, remain too recent (outcomes not yet measurable). This represents a material but pre-commercialization acquisition by a large strategic shareholder into a loss-making venture facing substantial equity valuation pressure.

Hanwha Aerospace (10% owner) buys 636,963 shares in NEXT across 3 days for $3,910,469.81 at $6.14 avg.

Hanwha Aerospace, a 10% shareholder, executed three separate purchases totaling 636,963 shares for $3,910,469.81 between December 3–5, 2025, raising its holdings from 23,198,690 shares to 23,835,653 shares (+2.7%). The purchases occurred at prices ($6.04, $6.19, $6.21) very close to the current price of $6.15, though notably 48.8% below the 52-week high of $12.00. NextDecade is burning cash with net income of $-184,756,000.00 and zero revenue in the latest quarter, while the stock has fallen 42.5% over the past 90 days. The insider's cross-ticker track record shows an average 30-day return of -16.7% on 16 prior buys. These purchases represent continued accumulation by a major shareholder in a deeply unprofitable company during a pronounced downtrend, warranting scrutiny of the business fundamentals and the strategic rationale behind sustained buying at declining valuations.

10% owner Hanwha Aerospace purchases 627,208 shares at $6.00 avg (3 transactions, $3.8M) amid 51.5% decline from 52-week high

Hanwha Aerospace, a 10% owner, executed 3 separate open-market purchases totaling 627,208 shares for $3,766,336.08 between 2025-11-28 and 2025-12-02 at a blended average price of $6.00, increasing holdings by 2.8% to 23,198,690 shares. The timing follows a sharp recent decline: the stock is -51.5% from its 52-week high of $12.00 and down -44.3% over 90 days, with the current price at $5.82 below the transaction prices. NextDecade Corp's fundamentals remain challenged, reporting $0.00 revenue and a net loss of $-184,756,000 in the latest quarter. The insider's cross-ticker track record of 13 prior buys shows an average 30-day return of -16.7%, and all 5 of its prior purchases at NEXT remain unmeasurable as they occurred within days of this filing (2025-11-20 through 2025-11-26).

Hanwha Aerospace (10% owner) acquired 905,753 shares of NextDecade across 3 transactions for $5,167,887.08 at blended $5.71

Hanwha Aerospace, already a 10% owner of NextDecade, executed 3 separate purchases totaling 905,753 shares (905.8K shares) for $5,167,887.08 ($5.2M) between November 24-26, 2025, at prices ranging from $5.59 to $5.95. Post-transaction holdings reached 22,571,482 shares (22.57M shares), representing a +4.2% increase. However, context raises caution: the stock currently trades at $6.00, off -50.0% from its 52-week high and down -43.4% over 90 days, while NextDecade reported zero revenue in its latest quarter and a net loss of $-184,756,000.00 ($-184.8M). The 5 most recent prior trades by this insider at NextDecade (November 17-21) are not yet measurable at 30 and 90-day horizons, and the insider's cross-ticker track record shows 10 prior buys with an average 30-day return of -16.7%, suggesting limited predictive success in timing entry points.

10% owner Hanwha Aerospace buys 767,107 shares (2 transactions, $4.5M) at $5.86 avg; stock down 53.2% from 52-week high, -45.8% in 90 days.

Hanwha Aerospace, a 10% owner, executed 2 separate purchases totaling 767,107 shares for $4,495,460.94 on 2025-11-20 and 2025-11-21, raising its stake from 20,898,622 to 21,665,729 shares (+3.7%). The purchases occurred at a blended average price of $5.86, while the current price is $5.61, placing the stock 53.2% below its 52-week high of $12.00 and down 45.8% over the past 90 days. NextDecade Corp's fundamentals show revenue of $0.00 in the latest quarter and a net loss of $184,756,000.00, indicating a pre-revenue or severely distressed operating environment. The insider's cross-ticker track record shows 9 prior open-market buys with an average 30-day return of -16.7%, and at this specific ticker, 5 prior buys within the past 6 days (2025-11-14 through 2025-11-24) provide no measurable 30-day or 90-day outcomes yet. This pattern of rapid, sequential accumulation by a major shareholder in a high-volatility, unprofitable company warrants investor scrutiny regarding both capital allocation intent and market conditions at the time of purchase.

10% owner Hanwha Aerospace purchased 1,064,424 shares across 3 transactions (Nov 17-19) at blended avg $5.94, raising holdings to 20.90M shares (+5.4%)

Hanwha Aerospace, a 10% shareholder of NextDecade, executed 3 separate purchases totaling 1,064,424 shares for $6,323,821.51 at prices ranging from $5.87 to $6.04 across November 17-19, 2025. The blended average purchase price of $5.94 sits 1.2% below the current price of $6.01, and the stock is down 49.9% from its 52-week high of $12.00 while down 41.7% over the past 90 days. The accumulation increased the insider's position by 5.4% and represents a material commitment of capital. However, the fundamental context is stark: NextDecade reported zero revenue in the latest quarter and posted a net loss of $184,756,000.00, with the company valued at $1,591,456,462.08. The insider's prior buys at NEXT on 2025-09-23 and 2025-09-24 each declined 16.4–16.9% within 30 days, establishing a pattern of unsuccessful near-term timing at this ticker.

Hanwha Aerospace (10% owner) purchases 704,664 shares for $4.3M at $6.08 blended avg; stock down 51.5% from 52-week high.

Hanwha Aerospace executed 2 separate purchases totaling 704,664 shares for $4,287,655.23 on 2025-11-13 and 2025-11-14 at a blended average price of $6.08, expanding its stake to 19,834,198 shares (19.83M shares) post-transaction. The timing is notable given that NextDecade is trading at $5.82, down 51.5% from its 52-week high of $12.00, and the company is loss-making with net income of $-184,756,000 and zero revenue. Hanwha's prior trades at NextDecade have shown negative 30-day returns (2025-09-23 and 2025-09-24 buys returned -16.4% and -16.9% respectively), and its cross-ticker track record across 4 prior open-market buys averaged -16.7% in 30-day returns, suggesting a pattern of purchasing near-term weakness that has not reversed to profitability at near-term intervals. The current purchase at a depressed valuation level relative to recent highs warrants scrutiny regarding whether this represents conviction-driven accumulation or continued exposure to fundamental deterioration.

Hanwha Aerospace bought 591,837 shares of NextDecade at $6.07; stock down -50.2% from 52-week high amid -$184.8M net loss.

Hanwha Aerospace, a 10% owner, purchased 591,837 shares at $6.07 on 2025-11-11, increasing its position to 19,129,534 shares (+3.2% vs pre-transaction holdings). The transaction occurred against a deteriorating price backdrop: NextDecade trades at $5.98, down -50.2% from its 52-week high of $12.00 and down -38.5% over 90 days. Hanwha's prior buys at this ticker (2025-09-23 and 2025-09-24) showed negative returns within 30 days (-16.4% and -16.9% respectively), and the company's most recent fundamentals show zero revenue and a net loss of $-184,756,000.00. This acquisition continues a pattern of accumulation despite sustained price weakness and mounting losses at the target company.