NextDecade Corporation (NEXT) saw its stock plummet by 5.03% on Friday, March 7th, 2025, underperforming the broader market.
The decline in NextDecade's stock price can be attributed to forecasts for warmer-than-normal weather and lower heating demand over the next two weeks, which weighed down natural gas futures prices. As a company focused on natural gas development and exports, NextDecade's stock is closely tied to the performance of natural gas prices.
The impact was felt across the natural gas industry, with other companies like Energy Transfer (ET) and Williams Companies (WMB) also experiencing declines. Furthermore, natural gas-related ETFs such as the United States Natural Gas Fund (UNG) and the ProShares Ultra Bloomberg Natural Gas (BOIL) also traded lower on the day.
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