Welcome to our dedicated page for Nextdecade news (Ticker: NEXT), a resource for investors and traders seeking the latest updates and insights on Nextdecade stock.
NextDecade Corporation (NEXT), a Houston-based leader in liquefied natural gas (LNG) infrastructure and carbon capture solutions, provides this centralized hub for official company announcements and energy sector developments. Investors and industry stakeholders will find timely updates on project milestones, regulatory filings, and strategic partnerships that define NEXT's role in shaping sustainable energy infrastructure.
This resource aggregates verified press releases, earnings reports, and operational updates directly related to NEXT's LNG facility development and emissions-reduction technologies. Key content categories include project financing announcements, construction progress reports, carbon capture innovations through NEXT Carbon Solutions, and strategic partnership disclosures across the LNG value chain.
Bookmark this page for streamlined access to primary source information about NEXT's Rio Grande LNG projects, market expansion efforts, and environmental stewardship initiatives. All content is curated to meet investor needs for decision-ready data while maintaining compliance with financial disclosure standards.
NextDecade (NASDAQ: NEXT) has announced that TotalEnergies has exercised its LNG purchase option for Train 4 at the Rio Grande LNG Facility, leading to a significant long-term sales agreement. Under the new 20-year Sale and Purchase Agreement (SPA), TotalEnergies will purchase 1.5 million tonnes per annum (MTPA) of LNG on a free-on-board basis at a Henry Hub-indexed price.
The agreement is subject to a positive Final Investment Decision (FID) on Train 4. NextDecade has now secured a total of 4.6 MTPA of LNG from Train 4 through long-term contracts, reaching sufficient commercial support for a potential positive FID. The final decision remains contingent on securing adequate financing for Train 4 construction and related infrastructure.
NextDecade (NASDAQ: NEXT) has signed a significant 20-year LNG sale and purchase agreement (SPA) with an Aramco subsidiary for Train 4 of the Rio Grande LNG Facility. The agreement specifies the purchase of 1.2 million tonnes per annum (MTPA) of LNG on a free on board basis, with pricing indexed to Henry Hub.
The deal is contingent upon achieving a positive Final Investment Decision (FID) on Train 4, which requires securing appropriate commercial arrangements and adequate financing for construction of Train 4 and related infrastructure.
NextDecade (NASDAQ: NEXT) announced a favorable revision to the U.S. Court of Appeals for the D.C. Circuit's August 2024 judgment regarding the Rio Grande LNG Facility. The Court remanded without vacatur the Federal Energy Regulatory Commission's (FERC) order for the facility's first five liquefaction trains.
The revised judgment ensures that construction activities at the Rio Grande LNG Facility will continue uninterrupted. CEO Matt Schatzman described it as an excellent outcome for shareholders, project partners, the local community, and customers. The company will continue working with FERC through the project's reauthorization process.
NextDecade (NASDAQ: NEXT) and Baker Hughes (NASDAQ: BKR) have entered into a framework agreement for the Rio Grande LNG Facility expansion. Baker Hughes will provide gas turbine and refrigerant compressor technology, along with maintenance services for Trains 4 through 8.
NextDecade is advancing the commercialization of Trains 4 and 5, with plans to make final investment decisions pending governmental approvals, EPC contracts, commercial arrangements, and adequate financing. The company is also initiating the permitting process for Trains 6 through 8, which are expected to increase total liquefaction capacity by approximately 18 million tonnes per annum.
NextDecade (NASDAQ: NEXT) has provided a Q4 2024 business update highlighting progress on its Rio Grande LNG Facility development. Phase 1 (Trains 1-3) construction is progressing on schedule, with Trains 1-2 and common facilities at 38.1% completion and Train 3 at 15.3% completion as of January 2025.
The company announced plans to develop Trains 6-8, expected to add approximately 18 MTPA of liquefaction capacity. Train 6 (6 MTPA) will be developed inside the existing levee, with FERC pre-filing expected in 2025. Trains 7-8 (12 MTPA combined) will be developed outside the levee.
In December 2024, the company secured a $175 million senior secured loan at 12% interest. The company is actively working to finalize commercial arrangements for Train 4, with existing agreements including a 1.9 MTPA LNG SPA with ADNOC and a non-binding HOA with Aramco for 1.2 MTPA. TotalEnergies holds a 1.5 MTPA purchase option for Train 4.
NextDecade (NASDAQ: NEXT) has secured a $175 million senior loan through its subsidiary Rio Grande LNG Super Holdings from General Atlantic Credit's Atlantic Park Fund. The loan, disbursed on December 31, will be used to repay existing debts including a $50 million revolving credit facility and $12.5 million interest term loan, while funding working capital and development of expansion trains 4 and 5 at the Rio Grande LNG Facility.
The six-year loan carries a 12.0% interest rate, payable quarterly, with options for in-kind payment for the first two years and up to 50% thereafter. As part of the agreement, NextDecade issued approximately 7.16 million warrants to GA Credit, exercisable for five years. Half of the warrants are exercisable at $7.15 per share and the other half at $9.30 per share.
NextDecade provided a Q3 2024 business update on its Rio Grande LNG Facility construction. Phase 1 (Trains 1-3) progress remains on schedule and budget, with Trains 1-2 and common facilities at 30.5% completion, and Train 3 at 9.8%. The company is managing a D.C. Circuit Court decision to vacate FERC reauthorization, filing for rehearing in October 2024. Construction continues while appeals are ongoing. For Train 4, NextDecade secured an EPC contract with Bechtel valid through December 2024, and has commercial agreements including a 1.9 MTPA LNG sales agreement with ADNOC and a non-binding agreement with Aramco for 1.2 MTPA.
NextDecade (NASDAQ: NEXT) has announced the withdrawal of its application for a carbon capture and storage (CCS) project at the Rio Grande LNG facility from the Federal Energy Regulatory Commission (FERC). The company's CEO, Matt Schatzman, stated that the CCS project is not sufficiently developed for FERC review at this time. Despite this setback, NextDecade remains committed to advancing and reducing the cost of CCS technology to help companies lower their facility emissions and achieve clean energy goals.
NextDecade (NASDAQ: NEXT) provided a Q2 2024 business update, highlighting progress on its Rio Grande LNG Facility. Key developments include:
1. Phase 1 construction (Trains 1-3) is 24.1% complete for Trains 1-2 and common facilities, and 7.8% complete for Train 3.
2. A 20-year LNG sale and purchase agreement with ADNOC for 1.9 MTPA from Train 4.
3. A non-binding heads of agreement with Aramco for 1.2 MTPA from Train 4.
4. An EPC contract with Bechtel for Train 4 at approximately $4.3 billion.
5. Issuance of $1.115 billion in senior secured notes to refinance existing term loan facilities.
However, the company faces challenges due to a U.S. Court of Appeals decision vacating FERC's remand authorization of the Rio Grande LNG Facility.
The U.S. Court of Appeals for the D.C. Circuit has vacated the Federal Energy Regulatory Commission's (FERC) remand authorization of NextDecade 's (Nasdaq: NEXT) Rio Grande LNG Facility. The Court ruled that FERC should have issued a supplemental Environmental Impact Statement (EIS) during its remand process. NextDecade expressed disappointment and disagreement with the decision, stating it is reviewing the Court's decision and assessing options.
Despite the setback, construction continues on Phase 1 of the Rio Grande LNG Facility, which includes the first three liquefaction trains and related infrastructure. However, the company is evaluating the impact of the Court's decision on the timing of a positive final investment decision (FID) on Train 4.
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