NextDecade/$NEXT

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About NextDecade

NextDecade Corp is a Houston-based energy company engaged in construction and development activities related to the liquefaction of natural gas and sale of LNG and the capture and storage of CO2 emissions. The group is constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley near Brownsville, Texas (the Rio Grande LNG Facility). It also engaged in NEXT Carbon Solutions advancing proprietary processes to lower the cost of utilizing carbon capture and storage (CCS) and help companies reduce their emissions and achieve their clean energy goals.

Ticker

$NEXT
Sector
Primary listing

Employees

237

NextDecade Metrics

BasicAdvanced
$1.8B
-
-$0.80
1.35
-

Bulls say / Bears say

NextDecade signed a 20-year LNG supply contract with TotalEnergies for 1.5 million tonnes per annum from Train 4, raising contracted capacity to 4.6 million tonnes per annum and strengthening long-term revenue visibility (Reuters).
The company secured up to $1.8 billion in equity commitments from TotalEnergies and Global Infrastructure Partners for Train 4, reducing funding risk and speeding up the final investment decision (Reuters).
NextDecade signed a $4.77 billion fixed-price EPC contract with Bechtel for Train 4, capping construction costs and lowering risk of cost overruns due to inflation (Reuters).
The Rio Grande LNG project has faced multiple delays, with the first train now scheduled for completion in 2027. This postpones expected revenue and raises financing costs (Reuters).
NextDecade may have to invest up to $1.2 billion for a 40%–60% equity stake in Train 4, which could result in significant dilution and lower returns for current shareholders (Reuters).
The final investment decision for Train 4 depends on a FERC ruling expected by November 20. Any additional regulatory delays could slow the project and postpone cash flows (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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