Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
NextNRG, Inc. (NYSE American: NXXT) is a U.S.-based energy infrastructure and services company focused on providing distributed energy, mobile fueling, and energy management solutions. The company operates primarily within the energy services, transportation fueling, and distributed power industries, targeting customers that require flexible, on‑demand, or off‑grid energy and fueling capabilities. Its business model is centered on supporting commercial, industrial, and fleet-based customers rather than retail consumers.
The company’s primary revenue drivers are mobile fueling services for vehicle fleets and the development of distributed energy and microgrid solutions designed to support electric vehicle (EV) charging, resiliency, and energy optimization. NextNRG positions itself as a provider of integrated energy solutions that address infrastructure constraints, particularly in markets where traditional grid expansion is costly or slow. The company traces its origins to EZ Fill Holdings, Inc., a mobile fueling provider founded in 2019, and adopted the NextNRG name in 2023 to reflect its expanded strategic focus beyond fueling into broader energy infrastructure and technology-enabled power solutions.
Business Operations
NextNRG generates revenue through two principal operating areas: Mobile Fueling Services and Distributed Energy & Infrastructure Solutions. The mobile fueling business delivers gasoline and diesel directly to customer vehicles and equipment, primarily serving commercial fleets, municipalities, logistics operators, and construction firms. This segment relies on proprietary routing, logistics, and compliance systems to manage fuel delivery efficiently and in accordance with environmental and safety regulations.
The distributed energy business focuses on the development and deployment of microgrids, on-site power generation, energy storage, and EV charging infrastructure. Operations are primarily domestic, with activities concentrated in select U.S. metropolitan areas. The company controls a fleet of fueling vehicles, fuel supply contracts, and intellectual property related to energy management and system integration. Public filings indicate the use of operating subsidiaries to manage fueling and energy projects, though disclosures regarding joint ventures or long-term strategic partnerships remain limited based on available public information.
Strategic Position & Investments
NextNRG’s strategic direction emphasizes growth through infrastructure-led energy solutions that complement its legacy fueling operations. Key initiatives include expanding fleet fueling density in existing markets, integrating energy management software, and investing in microgrid and EV charging projects designed for commercial and industrial customers. Management has positioned these initiatives as a response to increasing electrification, grid reliability concerns, and customer demand for energy resiliency.
The company has pursued selective acquisitions and asset investments aligned with these goals, including the transformation and expansion of its original fueling platform under the EZ Fill operating business. Public disclosures reference internal development and capital allocation toward distributed generation and energy storage technologies. However, details regarding the scale, profitability, or external ownership stakes of specific energy projects are limited, and some forward-looking elements of the strategy remain subject to execution risk based on publicly available information.
Geographic Footprint
NextNRG’s operations are primarily concentrated in the United States, with a market presence focused on Florida, the Northeastern U.S., and select urban and industrial regions where fleet density and energy infrastructure constraints support its business model. The company is headquartered in the United States and conducts substantially all revenue-generating activities domestically.
While the company references broader energy infrastructure opportunities, there is no verified public disclosure confirming material international operations or foreign subsidiaries as of the most recent filings. Any future international expansion remains prospective and is not reflected in current operating results based on available public sources.
Leadership & Governance
NextNRG is led by an executive team with experience in energy services, infrastructure development, and public company management. Governance and strategic oversight are provided by a board of directors responsible for capital allocation, acquisitions, and long-term strategic planning. Management has articulated a vision centered on integrating fueling, power generation, and energy management into a cohesive platform serving commercial energy users.
Key executives disclosed in public filings include:
- Michael D. McConnell – Chief Executive Officer
- Leo Barone – Chief Financial Officer
- Wayne Jenkins – President
- Mark Leeman – Chief Operating Officer
Leadership has emphasized disciplined expansion, infrastructure-backed growth, and positioning the company to benefit from long-term trends in fleet electrification and distributed energy.