Nextdecade Stock Price, News & Analysis

NextDecade Corporation (NASDAQ: NEXT) has announced a private placement of common stock, raising $85 million by selling shares at $5.50 each to 10 institutional investors. The deal is expected to close on September 19, 2022. Proceeds will be utilized to advance development for the Rio Grande LNG project, which is anticipated to make a positive final investment decision. Credit Suisse Securities is the exclusive placement agent for this transaction.

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with ExxonMobil LNG Asia Pacific for 1.0 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The first train is anticipated to commence operations in 2026. This agreement marks a significant milestone, reflecting NextDecade's strategy to provide low carbon LNG and secure energy supply. The company aims for a positive final investment decision on up to three trains of the project in the latter half of 2022.

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year agreement with Guangdong Energy Group to supply 1.0 MTPA of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. This agreement follows a prior Heads of Agreement established on March 24, 2022. The LNG will be priced based on Henry Hub rates and is set to commence operations in 2026. Guangdong Energy has an option for an additional 0.5 MTPA. NextDecade aims for a positive final investment decision on up to three LNG trains in late 2022, contingent on demand and financing.

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with China Gas Hongda Energy Trading Co., LTD for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The deal, indexed to Henry Hub and set to commence commercial operations as early as 2027, highlights NextDecade's strategic focus on competitive and low-carbon LNG. The company expects to make a positive final investment decision on up to three trains at the facility in the second half of 2022.

NextDecade Corporation (NASDAQ: NEXT) announced the departure of Ivan Van der Walt, Chief Operating Officer, effective June 10, 2022, for other opportunities. His leadership contributed to developing the engineering and regulatory teams behind the Rio Grande LNG project. NextDecade anticipates making a final investment decision (FID) on at least two LNG export trains in the second half of 2022, contingent upon securing additional contracting and financing. The company aims to progress in sustainable LNG and carbon capture solutions through its subsidiaries.

NEXT Carbon Solutions (NCS) and California Resources Corporation (CRC) have signed an agreement to explore decarbonization at CRC's Elk Hills Power Plant. NCS aims to implement its carbon capture technology to capture up to 95% of CO₂ emissions, with a front-end engineering design (FEED) study expected to last six months. The CalCapture CCS+ project could capture and store 28 million metric tonnes of CO₂. Both companies emphasize the potential for lower costs and scalable carbon solutions beneficial for California’s energy environment.

NextDecade Corporation has signed a 15-year sale and purchase agreement with ENGIE S.A. for the supply of 1.75 million metric tonnes per annum of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The first train is expected to start commercial operations by 2026. NextDecade aims to reduce CO2 emissions by more than 90% using carbon capture and storage technologies. A positive final investment decision on at least two trains is anticipated in the second half of 2022, contingent upon further LNG contracting and financing.

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with ENN LNG (Singapore) Pte Ltd for the supply of 1.5 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The deal, indexed to Henry Hub prices, will support ENN's goal of promoting global energy transition. NextDecade aims for a final investment decision on at least two trains of the project by late 2022, contingent on further contracting and financing success.

NextDecade Corporation (NASDAQ: NEXT) has signed a binding Heads of Agreement with Guangdong Energy for a long-term LNG supply from its Rio Grande LNG project in Brownsville, Texas. The agreement entails a supply of up to 1.5 million tonnes per annum for 20 years, with LNG prices linked to Henry Hub. Initial deliveries will commence from train one, projected to start operations in 2026. NextDecade expects to finalize a sale and purchase agreement in Q2 2022 and aims for a positive investment decision for at least two LNG trains in late 2022.