Nasdaq · Natural Gas Transmisison & Distribution
33 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-02 — see the exhibit.
| Entity | Jurisdiction | Note |
|---|---|---|
| NextDecade LNG, LLC | Delaware | |
| NextDecade Services Company, LLC | Delaware | |
| NextDecade Payroll Services, LLC | Delaware | |
| NextDecade LNG Marketing, LLC | Delaware | |
| NEXT Carbon Solutions, LLC | Texas | |
| Rio Grande LNG Power Supply LLC | Delaware | |
| Rio Grande LNG Gas Marketing LLC | Delaware | |
| NextDecade LNG Marketing (Private) Ltd. | Singapore | |
| Rio Grande LNG Train 6, LLC | Delaware | |
| Rio Grande LNG Holdings, LLC | Delaware | |
| Rio Grande LNG Super Holdings, LLC | Delaware | |
| Rio Grande LNG Phase 1 Super FinCo Holdings, LLC | Delaware | |
| Rio Grande LNG Phase 1 Super FinCo, LLC | Delaware | |
| Rio Grande LNG Phase 1 FinCo Holdings, LLC | Delaware | |
| Rio Grande LNG Phase 1 FinCo, LLC | Delaware | |
| Rio Grande LNG Phase 1 Holdings, LLC | Delaware | |
| Rio Grande LNG Intermediate Super Holdings, LLC | Delaware | |
| Rio Grande LNG Intermediate Holdings, LLC | Delaware | |
| Rio Grande LNG, LLC | Texas | |
| Rio Grande LNG InsuranceCo, LLC | Delaware | |
| Rio Grande LNG Common Facilities LLC | Delaware | |
| Rio Grande LNG LandCo, LLC | Delaware | |
| Rio Grande LNG Phase 2 Super FinCo Holdings, LLC | Delaware | |
| Rio Grande LNG Phase 2 Super FinCo, LLC | Delaware | |
| Rio Grande LNG Phase 2 FinCo Holdings, LLC | Delaware | |
| Rio Grande LNG Phase 2 FinCo, LLC | Delaware | |
| Rio Grande LNG Phase 2 Intermediate Super Holdings, LLC | Delaware | |
| Rio Grande LNG Train 4 Intermediate Holdings, LLC | Delaware | |
| Rio Grande LNG Train 4 Holdings, LLC | Delaware | |
| Rio Grande LNG Train 4 LNG, LLC | Delaware | |
| Rio Grande LNG Train 5 Intermediate Holdings, LLC | Delaware | |
| Rio Grande LNG Train 5 Holdings, LLC | Delaware | |
| Rio Grande LNG Train 5 LNG, LLC | Delaware |
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.
| Year | Revenue | Net income | Free cash flow | Gross margin | Shares |
|---|---|---|---|---|---|
| FY2020 | $0 | −$14.3M | −$58.6M | — | 117,524,000 |
| FY2021 | $0 | −$22.0M | −$30.1M | — | 119,201,000 |
| FY2022 | $0 | −$60.1M | −$73.8M | — | 130,136,000 |
| FY2023 | $0 | −$221.6M | −$1.8B | — | 194,595,000 |
| FY2024 | $0 | $277.4M | −$2.7B | — | 258,535,000 |
| FY2025 | $0 | −$429.6M | −$5.0B | — | 262,164,000 |
10 institutions tracked — 8 added, 2 reduced.
| Manager | Kind | Shares | Change | Value |
|---|---|---|---|---|
| BlackRock Finance, Inc. | Index | 18,850,858 | +2,246,233 | $149.7M |
| JPMORGAN CHASE & CO | Active fund | 1,349,621 | +1,183,081 | $10.0M |
| VANGUARD GROUP INC | Index | 9,220,848 | −1,158,144 | $48.6M |
| MORGAN STANLEY | Active fund | 909,054 | +253,740 | $6.9M |
| STATE STREET CORP | Index | 3,799,466 | +251,193 | $28.6M |
| GEODE CAPITAL MANAGEMENT, LLC | Index | 4,251,461 | +229,801 | $32.1M |
| CITADEL ADVISORS LLC | Hedge fund | 5,090,904 | −130,264 | $38.4M |
| BANK OF AMERICA CORP /DE/ | Active fund | 1,911,869 | +36,582 | $14.4M |
| PRICE T ROWE ASSOCIATES INC /MD/ | Active fund | 198,508 | +27,779 | $1.5M |
| FMR LLC | Active fund | 11,724 | +5,161 | $88,400 |
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register. These filings span 2024-Q2–2026-Q2 rather than a single quarter, because filers report on their own schedules.
Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.
NextDecade Corp files under SIC 4923 — all 4 natural gas transmisison & distribution companies compared on assets and F-score.
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
