Here are the 10-K annual reports from NextDecade Corporation (NEXT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NEXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NEXT filings page.
NextDecade Corporation files its annual report describing rapid build-out of the Rio Grande LNG facility near Brownsville, Texas. Five liquefaction trains are under construction, targeting about 30 MTPA of LNG capacity, four large storage tanks and two jetties, with Bechtel under lump-sum EPC contracts.
The company has signed long-term SPAs with 14 counterparties for about 25.3 MTPA, with Henry Hub–linked volumes generating fixed fees totaling roughly $3.0 billion annually. The 10-K stresses heavy project indebtedness, complex joint-venture cash-distribution structures, large capital needs, permitting and litigation risk around FERC approvals, and reliance on future LNG and carbon-credit markets for returns.