NEXTDECADE CORP (NEXT)
Energy · LNG liquefaction and export · NASDAQ
NextDecade is building the Rio Grande LNG export facility in South Texas to liquefy and export natural gas to global markets with 25+ MTPA of contracted long-term sales.
What NEXTDECADE CORP does
NextDecade Corporation is a Houston-based energy company constructing and developing the Rio Grande LNG Facility, a natural gas liquefaction and export facility located in the Rio Grande Valley near Brownsville, Texas. The company is currently building five liquefaction trains (Phase 1, Train 4, and Train 5) with a combined expected production capacity of approximately 30 million tonnes per annum (MTPA), designed to liquefy natural gas for export. NextDecade has secured long-term LNG sales and purchase agreements covering approximately 25.3 MTPA with 14 creditworthy counterparties, and is also developing and permitting expansion trains (6-8) and exploring a potential carbon capture and storage project at the facility.
Themes: ["LNG export / liquefied natural gas","natural gas infrastructure","energy transition / cleaner energy","carbon capture and storage","power and utilities construction"]
Fundamentals
- Price$8.04 as of 2026-07-09 close
- Market cap$2.1B as of 2026-07-10
- 1-year return-10.7% as of 2026-07-09 close
- ROE-150.8% as of 2026-07-10
- Debt / equity89.27 as of 2026-07-10
- Beta1.58 as of 2026-07-10
Dividend: does not currently pay a dividend.
Key risks (from latest filing)
["Construction and project execution risk: The Rio Grande LNG Facility is under active construction with lump-sum turnkey EPC contracts; delays, cost overruns, or quality issues could impact project schedule and financing.","Commodity price exposure and contract risk: LNG revenues are subject to variable pricing tied to Henry Hub and sourcing costs; customers may also have rights to cancel or suspend deliveries.","Debt and financing risk: The company has significant debt ($9.4 billion net as of Q1 2026) and continues to fund construction through project financing; refinancing or funding completion risks could affect project viability."]
Competitors & peers
- Cheniere Energy (LNG)
- Corpus Christi Liquefaction (part of Cheniere)
- Sempra Energy (LNG projects)
- Venture Global LNG
- Commonwealth LNG
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.