Calumet vs NextDecade

Calumet and NextDecade are compared to illuminate their business models, financial performance, and market context. This page presents neutral, accessible information about how each company operates, the sectors they serve, and their strategic outlook. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

CLMT

Metric

$1.79B

Market Cap

$1.29B

5.17%

Potential Profit

96.88%

Buy

Analyst Rating

Hold

Investment Analysis

Calumet

CLMT

Pros

Calumet has shown a mild bullish technical trend supported by strong weekly indicators despite some mixed monthly signals.
The company operates an integrated North American network offering specialty hydrocarbon products, leveraging scale and technical expertise.
Analysts forecast significant upside potential with an average target price around $25, suggesting expected growth from current levels.

Considerations

The stock has underperformed on a year-to-date and one-year basis despite short-term gains and mild bullish technical signals.
Calumet's financial leverage is high, with assets valued at $282 billion but liabilities at $368 billion, indicating balance sheet pressure.
Market sentiment is currently neutral to fearful, with volatility and short interest suggesting some investor caution.

NextDecade

NextDecade Corporation focuses on liquefied natural gas (LNG) projects, positioning it in a growing global energy market.
The company’s projects have secured long-term contracts, supporting revenue visibility and potential stable cash flow once operational.
NextDecade’s strategic location and partnerships in the energy sector provide competitive advantages for project development.

Considerations

NextDecade faces execution risks typical of large infrastructure projects, including potential delays and cost overruns.
The company’s profitability is closely tied to LNG market prices and global energy demand, which are subject to volatility.
NextDecade carries significant capital expenditure and debt load to fund project development, raising financial risk.

About The Companies

Calumet (CLMT)

Calumet Specialty Products Partners LP is a US-based manufacturer and marketer of a diverse range of specialty hydrocarbon products. The company operates across three main segments: Specialty Products and Solutions, which creates items like waxes, solvents, and customised lubricating oils; Performance Brands, which markets high-performance products under names like Royal Purple and Bel-Ray; and Montana/Renewables. This latter segment is particularly noteworthy as it focuses on processing renewable feedstocks into products such as renewable diesel, sustainable aviation fuel, and renewable hydrogen. By serving both industrial and consumer-facing markets with traditional specialty products alongside a growing renewables business, Calumet holds an interesting position in the energy sector. As with any company, its performance can be influenced by market demand, commodity prices, and regulatory changes, so it's a stock worth understanding fully before making any decisions.

NextDecade (NEXT)

NextDecade Corporation (NEXT) is an energy company focused on developing liquefied natural gas (LNG) export capacity, with its flagship Rio Grande LNG project in Texas. The business model centres on building liquefaction and export infrastructure and securing long-term offtake and financing arrangements to convert domestic natural gas into export sales. With a market capitalisation of about $1.57bn, NextDecade is still project-stage with revenue and profitability tied closely to project development milestones, commodity markets and successful capital raises. Key investor considerations include construction and financing risk, the need for regulatory approvals, exposure to global LNG prices and demand, and sensitivity to interest rates and inflation. Environmental and permitting issues, plus the energy transition, may affect timelines and costs. This summary is for general educational purposes only, not personal financial advice — values can rise or fall and returns are not guaranteed; consider suitability and consult a financial adviser before acting.

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Comparison Snapshot