NextDecade Corporation's SEC filings document the financing, governance and capital-structure records tied to its Rio Grande LNG development business. Recent 8-K reports describe material definitive agreements for Rio Grande LNG Train 4 and Train 5 subsidiaries, including common terms agreements, equity contribution agreements, credit agreements, collateral and intercreditor arrangements, secured debt instruments, notes and related security documents.
The filings also cover amended credit arrangements at a wholly owned indirect subsidiary, exchangeable loan features, officer employment and compensation agreements, chief financial officer transition disclosures, board appointments and annual proxy matters. Proxy materials include executive compensation, equity awards, director elections and shareholder meeting governance for the Nasdaq-listed common stock.
Brent Wahl, a former officer of NextDecade Corp (NEXT), reported a planned sale of 12,337 common shares, with an aggregate market value of $79,167.76, through Fidelity Brokerage Services LLC. The notice lists November 4, 2026, as the approximate sale date and Nasdaq as the exchange. The shares came from restricted stock vesting on October 16, 2026, as compensation; the planned sale includes an amount necessary to cover a tax obligation resulting from settlement of the vested equity award distribution.
NextDecade Corporation (NEXT) reported $155.381 million of net income attributable to common stockholders for the third quarter of 2026, versus a $109.482 million loss a year earlier. The quarter included an $851.229 million net derivative gain, primarily reflecting higher forward SOFR rates; revenue was zero and operating loss was $82.912 million, versus $71.963 million.
As of September 2026, overall construction completion was 79.7% for Trains 1 and 2, 55.2% for Train 3, 22.5% for Train 4 and 14.0% for Train 5. NextDecade expects first gas before year-end 2026, first LNG production from Train 1 in the second quarter of 2027 and substantial completion in the third quarter of 2027. FERC approved an uprate to 30.15 MTPA authorized capacity for Trains 1–5; the U.S. Army Corps of Engineers authorized Train 6. An appeal of the earlier FERC authorization remains pending in the D.C. Circuit.
Phase 1 LLC completed third-quarter senior secured note offerings of approximately $4.1 billion, using net proceeds to reduce credit-facility borrowings and pay fees and expenses. Debt, net was $11.989538 billion at September 30, 2026. Long-term SPAs cover approximately 25.3 MTPA from Trains 1–5, with a weighted average term of 19.5 years.
Michael R. Mott, identified as an officer of NextDecade Corp (NEXT), reported a proposed sale of 4,209 common shares with an aggregate market value of $25,866.41 and an approximate sale date of October 21, 2026. The shares were acquired from the issuer on October 16, 2026, through restricted stock vesting as compensation; Fidelity Brokerage Services LLC is listed as the broker.
NextDecade Corp Chief Executive Officer and director Matthew K. Schatzman had 43,976 common shares withheld by the issuer to satisfy tax withholding obligations as restricted stock units vested on October 16, 2026. The reported price was $6.26 per share; he directly held 5,275,550 shares afterward. No Rule 10b5-1 plan is reported.
NextDecade Corp (NEXT) Chief Operating Officer Tarik Skeik had 9,773 common shares withheld on October 16, 2026, at $6.26 per share to satisfy tax withholding obligations tied to restricted stock unit vesting. His directly held position following the transaction was 345,769 shares.
NextDecade Corp General Counsel Vera de Gyarfas had 9,773 common shares withheld by the issuer to satisfy tax withholding obligations when restricted stock units vested on October 16, 2026. The reported price was $6.26 per share; she directly held 945,330 shares following the transaction.
NextDecade Corp (NEXT) Chief Accounting Officer Luke Boylston had 19,675 shares of common stock withheld by the issuer at $6.80 per share to satisfy tax withholding obligations connected with restricted stock unit vesting on October 13, 2026. His direct holdings following the transaction were 217,143 shares. No Rule 10b5-1 plan is reported.
NextDecade Corp. (NEXT) received a letter from director Giovanni Oddo on September 29, 2026, stating that he was resigning from the Board effective immediately. Oddo was initially appointed to the Board in May 2022 under the Purchaser Rights Agreement between NextDecade and Ninteenth Investment Company LLC (NIC), dated October 28, 2019. Oddo indicated that his resignation was not due to disagreements with the company concerning its operations, policies or practices. NIC, an affiliate of Mubadala Investment Company, has the right under the agreement to designate a replacement for him on the Board.
NextDecade Corp (NEXT) reported that Chief Operating Officer Tarik Skeik had 7,732 shares of common stock withheld on September 9, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units. Following this non-market tax-withholding disposition, he directly holds 355,542 shares of NextDecade common stock.
NextDecade Corp (NEXT) reported that its General Counsel, Vera de Gyarfas, had 15,463 shares of common stock withheld on September 9, 2026 at $7.54 per share to satisfy tax withholding obligations upon vesting of restricted stock units. After this tax-withholding disposition, she directly holds 955,103 shares of common stock. The filing notes that this post-transaction amount reflects an adjustment for performance stock units that were forfeited for no consideration and were exempt from reporting under Rule 16a-4(d). No Rule 10b5-1 trading plan is indicated.