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NextDecade Corporation - $NEXT STOCK NEWS

Welcome to our dedicated page for NextDecade Corporation news (Ticker: $NEXT), a resource for investors and traders seeking the latest updates and insights on NextDecade Corporation stock.

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Rhea-AI Summary
NextDecade Corporation (NEXT) provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024. CEO Matt Schatzman emphasized maximizing long-term value for shareholders through efficient business strategies. Progress on Phase 1 at the Rio Grande LNG Facility, expansion capacity, and financial updates were highlighted.
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-0.39%
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Rhea-AI Summary
NextDecade Corporation (NEXT) announced a credit agreement with MUFG Bank, Ltd. for a $50 million senior secured revolving credit facility and a $12.5 million interest term loan. The funds will be used for general corporate purposes and development costs related to Train 4 at the Rio Grande LNG facility. The Revolving Credit Facility and Interest Term Loan mature at the earlier of two years from the closing date or 10 business days after a positive Final Investment Decision (FID) on Train 4. NextDecade expects the Revolving Credit Facility to provide meaningful liquidity and capital resources as the Company progresses toward a positive FID of Train 4.
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-3.02%
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Rhea-AI Summary
NextDecade Corporation (NEXT) Achieves Positive FID and Progresses toward LNG Production and Expansion Capacity
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7.61%
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Rhea-AI Summary
NextDecade subsidiary, Rio Grande LNG, secures $356 million senior loans to finance LNG trains at export facility, reducing outstanding commitments under existing loan facilities
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1.25%
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Rhea-AI Summary
NextDecade Corporation has made a positive final investment decision to construct the first three liquefaction trains at its Rio Grande LNG export facility in Texas. The project financing for Phase 1 is $18.4 billion, making it the largest greenfield energy project financing in U.S. history. The facility will have a liquefaction capacity of 17.6 MTPA and has long-term binding LNG sale and purchase agreements with various companies. Construction will be carried out by Bechtel Energy Inc. The company believes that this project will enable it to deliver the full five-train RGLNG project in the future.
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NextDecade Corporation

Nasdaq:NEXT

NEXT Rankings

NEXT Stock Data

1.68B
111.97M
28.71%
65%
4.35%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
Link
United States of America
HOUSTON

About NEXT

nextdecade, llc, based in the woodlands, texas, is a global development and management company of liquefied natural gas projects. founded in 2010 by kathleen eisbrenner, nextdecade’s world-class team has developed, led, closed and operated industry-leading lng, gas and electricity projects across the globe. nextdecade delivers opportunities for customers to meet their unique needs by providing access to the full spectrum of the lng value chain, including infrastructure development, natural gas supply and project ownership. to fulfill this mission, nextdecade provides commercial flexibility and strategic partnerships inside a company culture that respects the values and needs of customers and the communities in which it operates. nextdecade builds successful projects by bringing together companies, people, and opportunities to assemble the best mix of assets. our current projects include rio grande lng (www.rglng.com) in brownsville, texas and pelican island lng in galveston, texa