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 (NASDAQ: NEXT) is an energy company headquartered in Houston, Texas, focused on developing and operating natural gas liquefaction capacity and related infrastructure. Most of the company’s news flow centers on the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, and on the financing, construction, and commercialization of its liquefaction trains.
News updates for NextDecade commonly cover progress on Phase 1 of Rio Grande LNG (Trains 1 through 3), as well as key milestones for expansion Trains 4 and 5. Recent announcements have included positive final investment decisions on Train 4 and Train 5, the start of construction activities under engineering, procurement, and construction contracts with Bechtel, and detailed construction progress metrics for each train and associated common facilities.
Investors following NEXT news will also see regular disclosures about long-term LNG Sale and Purchase Agreements with counterparties such as ADNOC, Saudi Aramco (through a subsidiary), TotalEnergies, JERA, EQT Corporation, and ConocoPhillips. These items highlight the commercialization of Rio Grande LNG capacity through 20-year offtake contracts indexed to Henry Hub on a free-on-board basis, subject to the conditions described by the company.
Another frequent theme in NextDecade’s news is project financing. Releases describe project-level term loan facilities, senior secured notes, equity commitments from financial investors, and credit agreements at intermediate holding companies that support equity contributions and interest during construction. Regulatory developments, including FERC environmental reviews and orders related to Rio Grande LNG, are also covered.
Corporate governance and leadership changes, such as board appointments and transitions in the chief financial officer role, appear in NextDecade’s news as well. For readers tracking LNG infrastructure growth, lower-carbon energy initiatives involving potential carbon capture and storage, and large-scale project finance structures, the NEXT news feed provides ongoing detail on how the Rio Grande LNG project is advancing.
NextDecade (NASDAQ: NEXT) provided a Q4 2025 business update on March 2, 2026, detailing construction, financings, commercial contracts, and permitting for the Rio Grande LNG Facility.
Key facts: ~30 MTPA under construction (Trains 1–5), Train 5 cost ~$6.7B and 6 MTPA capacity, first LNG expected H1 2027, and >175 TBtu of early LNG sales (~33% of open 2027–2029 volumes) with >$3.00/MMBtu expected cargo margin.
NextDecade (NASDAQ:NEXT) will host a conference call and webcast on Monday, March 2, 2026 at 10:00 a.m. ET (9:00 a.m. CT) to discuss fourth-quarter 2025 results and early 2026 developments. The company expects to issue a press release and presentation before market open that day.
Investors can access the press release, presentation, and live webcast via the company investor website, with a replay available after the webcast concludes.
NextDecade (NASDAQ: NEXT) has initiated the FERC pre-filing process for an expansion at Rio Grande LNG that would add a sixth liquefaction train (Train 6) and an additional marine berth.
The company said it expects to file a full FERC application in 2026, notes five trains are already under construction, and states there is site capacity that could potentially double overall facility capacity.
NextDecade (NASDAQ: NEXT) provided a Q3 2025 business update on October 30, 2025 covering Rio Grande LNG development, financings, commercial contracts, and permitting.
Key facts: Trains 1–5 total ~30 MTPA capacity; Phase 1 progress at 55.9% for Trains 1–2/common facilities and 33.4% for Train 3 (Sept 2025). Positive FIDs and NTPs were issued for Train 4 and Train 5, each with estimated project costs of $6.7B. The company closed ~$6.7B project financings for each Train and announced LNG SPAs: 1.5 MTPA with EQT and 1.0 MTPA with ConocoPhillips for Train 5.
NextDecade (NASDAQ: NEXT) made a positive final investment decision (FID) on Train 5 at Rio Grande LNG on October 16, 2025, and closed financing to fully fund Train 5 and related infrastructure.
Train 5 adds ~6 MTPA, bringing under-construction capacity to ~30 MTPA. Commercial support includes 4.5 MTPA of 20-year SPAs with JERA, EQT, and ConocoPhillips. Expected guaranteed substantial completion and DFCD: H1 2031. Estimated project cost: $6.7 billion.
Committed financing ~$6.7 billion consists of a $3.59B term loan, $0.50B private placement notes, $1.29B NextDecade equity commitment, and $1.29B from Financial Investors; NextDecade initial economic interest 50%, rising to 70%.
NextDecade (NASDAQ: NEXT) announced that Chief Financial Officer Brent Wahl will resign effective October 20, 2025, and that Mike Mott will become Interim Chief Financial Officer effective the same date. Mr. Wahl will serve as a consultant through December 31, 2025 to support the transition and the company will conduct a search for a permanent successor.
Mr. Mott previously led enterprise transformation, Carbon Solutions and corporate strategy at NextDecade and served as CFO of LNG Limited. The company reiterated it continues to expect a positive final investment decision on Train 5 at Rio Grande LNG on or before November 15, 2025, subject to obtaining adequate financing.
NextDecade (NASDAQ: NEXT) has announced a positive final investment decision (FID) and financial close on Train 4 at Rio Grande LNG. The company has secured $6.7 billion in funding for Train 4, which will have an LNG production capacity of 6 MTPA. The project is backed by 20-year LNG Sale and Purchase Agreements with ADNOC, TotalEnergies, and Aramco totaling 4.6 MTPA.
The funding structure includes a $3.85 billion term loan facility, $1.13 billion in equity from NextDecade, and $1.70 billion in equity from partners. NextDecade maintains a 40% initial economic interest in Train 4, increasing to 60% after investors reach certain return thresholds. The company expects Train 4's completion in the second half of 2030.
Additionally, NextDecade anticipates a positive FID on Train 5 in Q4 2025, which is already commercially supported by 4.5 MTPA of agreements with JERA, EQT Corporation, and ConocoPhillips.
NextDecade (NASDAQ: NEXT) has completed the commercialization of Rio Grande LNG Train 5 by signing a 20-year LNG sale and purchase agreement (SPA) with ConocoPhillips (NYSE: COP). Under the agreement, ConocoPhillips will purchase 1.0 MTPA of LNG indexed to Henry Hub prices.
The company has now secured a total of 4.5 MTPA of LNG from Train 5 through 20-year SPAs, which is deemed sufficient for a positive Final Investment Decision (FID). NextDecade expects to achieve FID on Train 5 in Q4 2025, pending adequate financing, and plans to reach FID on Train 4 by September 15, 2025.
ConocoPhillips (NYSE: COP) has signed a significant 20-year LNG sales and purchase agreement with NextDecade Corporation to offtake 1 million tonnes per annum of LNG from the Rio Grande LNG project in Texas. The agreement is contingent on NextDecade's final investment decision on Train 5.
The deal advances COP's global LNG portfolio strategy and its 10 to 15 MTPA offtake ambition. Additionally, the company's OCP CryoSep® technology will be utilized at the Rio Grande LNG facility for heavy hydrocarbon removal. This agreement follows COP's recent commitment to 9 MTPA of LNG offtake from Port Arthur LNG Phases 1 and 2.
NextDecade (NASDAQ: NEXT) has signed a significant 20-year LNG sale and purchase agreement (SPA) with EQT Corporation (NYSE: EQT) for Rio Grande LNG Train 5. Under the agreement, EQT will purchase 1.5 million tonnes per annum (MTPA) of LNG indexed to Henry Hub prices.
The company has extended its EPC contract price validity with Bechtel Energy until November 15, 2025, with total costs for Train 5 estimated at $6.7 billion. NextDecade has secured 3.5 MTPA of total commitments for Train 5 and aims to secure an additional 1.0 MTPA before making a final investment decision (FID) in Q4 2025.