NextNRG Inc. Stock Price, News & Analysis

NextNRG (NASDAQ: NXXT) reported strong preliminary unaudited financial results for April 2025, with revenues reaching $5.82 million, marking a 154% increase year-over-year. The company delivered 1.78 million gallons of fuel, representing a 207% growth compared to the previous year.

The robust performance was driven by volume growth, expansion into Oklahoma, and increased demand from national fleet clients using NextNRG's on-demand fueling platform. The company specializes in AI-driven energy innovation, offering solutions including a Utility Operating System, smart microgrid technology, wireless EV charging, and mobile fuel delivery services.

NextNRG has announced the expansion of its mobile fueling operations into Oklahoma, marking a strategic move to grow its national footprint. The expansion begins by servicing one of the nation's largest in-house fleet operators under a long-term agreement.

The company sees significant potential in Oklahoma's market, citing over $9 billion in planned construction through 2030 and the state's position as a crucial freight and energy corridor. Oklahoma's high concentration of fleet-reliant industries aligns well with NextNRG's business model.

Currently, NextNRG operates its direct-to-site fueling services across multiple states, including Florida, Texas, California, Tennessee, Michigan, and Arizona. The company leverages its proprietary customer interface to provide centralized account management, on-demand scheduling, and secure tracking tools.

NextNRG (NXXT) reported preliminary unaudited results for March 2025 and Q1 2025, marking its third consecutive record month. March 2025 revenue surged 161% year-over-year to $6.15 million, with gallons delivered increasing 210% to 1.8 million gallons.

For Q1 2025, the company achieved:

• Revenue of $16.23 million, up 146% from Q1 2024 ($6.60 million)
• Gallons delivered reached 4.69 million, representing 183% growth year-over-year

CEO Michael D. Farkas attributed the growth to disciplined expansion, operational execution, successful integration of strategic acquisitions, and partnerships with major fleet operators. The company focuses on AI-driven energy innovation, including mobile fueling platforms, smart microgrid technology, and wireless EV charging solutions.

NextNRG (NASDAQ: NXXT) has expanded its commercial relationship with Sunbelt Rentals, extending mobile fueling services from Florida to Texas. The company's AI-driven platform now operates 144 delivery trucks across six states, including Los Angeles, San Francisco, Detroit, Nashville, Phoenix, and major metro areas in Florida and Texas.

Key highlights include the development of a custom fueling portal at sunbelt.ezfl.com/login and a significant 166% year-over-year growth in February fuel deliveries, reaching 1.44 million gallons and record monthly revenue. The company estimates that direct-to-site fueling can reduce fleet fueling costs by over $3,000 per vehicle annually.

This expansion follows NextNRG's recent integration of delivery assets from Shell Oil Products US and Yoshi Mobility, strengthening its fleet capacity and geographic reach in the strategic Texas market.

NextNRG (NXXT) reported strong financial performance for February 2025, with revenue reaching a new record of $5.09 million, marking a 139% increase from $2.1 million in February 2024. The company's EzFill mobile fueling division delivered approximately 1.44 million gallons, up 166% year-over-year from 543,000 gallons.

Despite fewer operational days in February, both revenue and gallons delivered surpassed January 2025's performance. The growth is attributed to the successful integration of the Shell Oil fleet and a long-term agreement with a global e-commerce leader. The company continues to see rising demand from fleet partners while operating its on-demand fueling service EzFill and developing smart energy infrastructure solutions.

NextNRG (NASDAQ: NXXT) reported strong financial results for Q4 and FY 2024. The company achieved a 20% year-over-year revenue increase to $27.8 million in FY 2024, up from $23.2 million in 2023. Gross profit grew 64% to $2.3 million.

Q4 2024 performance showed significant growth with revenue increasing 21% to $6.9 million and gross profit growing 97% to $652,000. The company delivered 7.2 million gallons in 2024 (+22% YOY) through 140 operational trucks across six states.

Key developments include a corporate rebranding from EzFill Holdings to NextNRG in Q1 2025, advancement in wireless EV charging solutions, and a $15 million public offering completed in February 2025. The company's average fuel margin per gallon expanded to $0.71 in Q4 2024, up from $0.65 in Q4 2023.

NextNRG (NASDAQ: NXXT) has announced significant achievements in AI-powered energy solutions and mobile fueling operations. The company's proprietary Utility Operating System integrates AI and ML technologies to manage the largest smart grid network, serving over 6 million customer accounts and reducing generation and distribution costs by more than 10%.

The company's mobile fueling division, EzFill, reported impressive growth with $5 million in revenue for January 2025, marking a 136% year-over-year increase and 120% month-over-month growth. This success follows the acquisition of Shell Oil's mobile fueling assets and a major contract with a leading e-commerce company.

NextNRG is positioning itself in the $4 trillion global electricity market by offering comprehensive solutions including smart microgrids, AI-driven power generation, and EV transition support for fleet operators. The company's strategy focuses on developing decentralized energy infrastructure to enhance U.S. energy independence and address growing power demands from AI infrastructure.

NextNRG (NXXT) reported record-breaking unaudited revenue growth for January 2025 in its EzFill division, with an estimated 136% year-over-year increase. The company attributes this growth to several strategic developments:

The company recently completed the acquisition of Shell Oil's truck fleet, effectively doubling its operational capacity. January 2025 marked the beginning of fuel deliveries to a major e-commerce company under a significant long-term agreement. The company is also experiencing steady revenue growth across its key markets and fleet accounts nationwide.

Following recent financing and share exchange completion, NextNRG is positioned to proceed with its strategic expansion plans. The company specializes in AI and machine learning applications for energy innovation, including utility operating systems, smart microgrid solutions, wireless EV charging, and fuel delivery technologies.

NextNRG (Nasdaq: NXXT) has completed a public offering of 5,000,000 shares of common stock at $3.00 per share, raising $15 million in gross proceeds before deducting underwriting discounts and expenses. The company has granted underwriters a 45-day option to purchase up to 750,000 additional shares for over-allotments.

The company, formerly known as EzFill Holdings, completed a share exchange agreement and began trading under the new ticker symbol NXXT on February 14, 2025. The proceeds will be used to expand business operations, repay outstanding debt, and for general corporate purposes including working capital. ThinkEquity served as the sole book-runner for the offering.