NextDecade stock (April 2026) | Growth, Valuation & Analysis

NextDecade

NasdaqCM:NEXT

$ 7,66

$-0,38 (-4,73%)

7,66 $

$-0,38 (-4,73%)

End-of-day quote: 03/31/2026

NextDecade Stock Value

The current analyst rating for NasdaqCM:NEXT is Outperform.

Outperform

NextDecade Company Info

EPS Growth 5Y

27,52%

Market Cap

$2,03 B

Long-Term Debt

$8,51 B

Short Interest

5,75%

Quarterly earnings

05/08/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

2010

Industry

Energy

Country

United States

ISIN Number

US65342K1051

Website

http://www.next-decade.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$7,00

-8.62%

Last Update: 04/01/2026

Analysts: 4

Highest Price Target $12,00

Average Price Target $7,00

Lowest Price Target $6,00

In the last five quarters, NextDecade’s Price Target has fallen from $18,23 to $13,67 - a -25,01% decrease. One analysts predict that NextDecade’s share price will fall in the coming year, reaching $7,00. This would represent a decrease of -8,62%.

Top growth stocks in the energy sector (5Y.)

What does NextDecade do?

NextDecade Corporation (NextDecade), a Houston-based energy company, primarily engages 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 company 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’). The Rio Grande LNG Facility has received Federal Energy Regulatory Commission (‘FERC...

The company 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’). The Rio Grande LNG Facility has received Federal Energy Regulatory Commission (‘FERC’) approval, and Department of Energy (‘DOE’) FTA and non-FTA authorizations for the construction of up to five liquefaction trains and LNG exports totaling up to 27 million tonnes per annum (‘MTPA’). The Rio Grande LNG Facility has three liquefaction trains and related infrastructure (‘Phase 1’) under construction, and liquefaction trains 4 and 5 are currently being commercialized. The company is also developing, and beginning the permitting process for expansion trains 6 through 8 at the Rio Grande LNG Facility, and developing a potential carbon capture and storage (‘CCS’) project at the Rio Grande LNG Facility.

The company is focused on constructing and operating the Rio Grande LNG Facility safely, efficiently, on schedule, and on budget. The company seeks to deliver secure, economically attractive, and sustainable energy solutions through the development and operation of liquefaction and CCS infrastructure.

Rio Grande LNG Facility Activity

Liquefaction Facilities

Through the company’s partially owned subsidiary, Rio Grande LNG, LLC (‘Rio Grande’), the company is constructing and developing the Rio Grande LNG Facility on the north shore of the Brownsville Ship Channel. The site is located on 984 acres of land, which has been leased long-term, and includes 15 thousand feet of frontage on the Brownsville Ship Channel. The Rio Grande LNG Facility has been approved by the FERC, and authorized by the DOE to export up to 27 MTPA of LNG from up to five liquefaction trains. Phase 1 at the Rio Grande LNG Facility is under construction, Trains 4 and 5 are currently being commercialized, and the company is developing, and beginning the permitting process for Trains 6 through 8.

In July 2023, Rio Grande commenced construction on Phase 1 of the Rio Grande LNG Facility following a positive final investment decision (‘FID’), and the closing of project financing by Rio Grande, which owns Phase 1 of the Rio Grande LNG Facility. Construction will be completed by Bechtel Energy Inc. (‘Bechtel’) under fully wrapped, lump-sum turnkey engineering, procurement, and construction (‘EPC’) contracts, and the facility will utilize Air Products and Chemicals, Inc. (‘APCI’) liquefaction technology, which is the predominant liquefaction technology utilized globally.

Pursuant to a joint venture agreement with equity partners for ownership of Rio Grande, the company expects to receive up to approximately 20.8% of distributions of available cash generated from Phase 1 operations, provided that a majority of the cash distributions to which the company is otherwise entitled will be paid for any distribution period only after its equity partners receive an agreed distribution threshold in respect of such distribution period, and certain other deficit payments from prior distribution periods are made.

Phase 1 LNG Sale and Purchase Agreements

Rio Grande has entered into long-term LNG Sale and Purchase Agreements (‘SPAs’) with nine creditworthy counterparties for aggregate volumes of approximately 16.15 MTPA of LNG, which is over 90% of the expected Phase 1 nameplate LNG production capacity. The SPAs have a weighted average term of 19.2 years. Under these SPAs, the customers will purchase LNG from Rio Grande for a price consisting of a fixed fee per MMBtu of LNG plus a variable fee per MMBtu of LNG, with the variable fees structured to cover the expected cost of natural gas plus fuel and other sourcing costs to produce LNG. In certain circumstances, customers may elect to cancel or suspend deliveries of LNG cargoes, in which case the customers would still be required to pay the fixed fee with respect to cargoes that are not delivered. A portion of the fixed fee under each SPA will be subject to annual adjustment for inflation. The SPAs and contracted volumes to be made available under the SPAs are not tied to a specific train; however, the commencement of the term of each SPA is tied to a specified train.

Marketing of Uncontracted Volumes

Rio Grande expects to sell any commissioning LNG volumes and operational LNG volumes in excess of SPA volumes into the LNG market through spot, short-term, and medium-term agreements. Rio Grande has entered into certain time charter agreements, and expects to enter into additional time charter agreements with vessel owners to provide shipping capacity for LNG sales related to its existing delivered ex-ship SPA, commissioning volumes, and expected portfolio volumes.

Engineering, Procurement and Construction (‘EPC’)

Rio Grande entered into fully wrapped, lump-sum turnkey contracts with Bechtel, a well-established and reputable LNG engineering and construction firm, for the engineering, procurement, and construction of Phase 1, and one of the company’s wholly-owned subsidiaries entered into a corresponding contract in regards to Train 4 at the Rio Grande LNG Facility, under which Bechtel has generally guaranteed cost, performance, and schedule. Under the Phase 1 and Train 4 EPC contracts, Bechtel is responsible for the engineering, procurement, construction, commissioning, and startup of liquefaction trains and their respective related infrastructure.

On July 12, 2023, Rio Grande issued final notice to proceed to Bechtel under the EPC contracts for Phase 1.

Natural Gas Transportation and Supply

The company is in the process of executing a substantial and diversified natural gas feedstock sourcing and transportation strategy to spread risk exposure across multiple contracts, counterparties, and pricing hubs. The company expects to enter into gas supply arrangements with a wide range of suppliers, and it also expects to leverage trading platforms and exchanges to lock in natural gas supply prices and/or hedge risk.

Rio Grande has executed agreements for transportation of natural gas to the Rio Grande LNG Facility on both a firm and interruptible basis to support commissioning and operations, and provide the ability to purchase natural gas supplies at the Agua Dulce Hub, giving Rio Grande access to prolific gas production from the Permian Basin and Eagle Ford Shale, and providing significant flexibility to obtain competitively priced natural gas feedstock.

Final Investment Decision on Train 4 and Train 5 at the Rio Grande LNG Facility

The company expects to make a positive final investment decision, and commence construction of Trains 4 and 5 and related infrastructure at the Rio Grande LNG Facility, subject to, among other things, maintaining requisite governmental approvals, finalizing and entering into EPC contracts, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure.

The company has finalized an EPC contract with Bechtel for Train 4 and related infrastructure. Pricing under the EPC Contract for Train 4 was valid through December 31, 2024, and a pricing refresh is in process, and is expected to be completed in 2025.

The company continues to advance commercial discussions with multiple potential counterparties, and expects to finalize commercial arrangements for Train 4 in the coming months to support a positive FID on Train 4. The company entered into an LNG SPA with ADNOC for the sale of 1.9 MTPA of LNG from Train 4, as well as a non-binding Heads of Agreement (HoA) with Aramco for a 20-year SPA for the sale of 1.2 MTPA of LNG from Train 4. The company is working with Aramco to finalize a binding SPA. Additionally, an affiliate of TotalEnergies SE (‘TotalEnergies’) has an LNG purchase option of 1.5 MTPA for Train 4, and the company expects TotalEnergies to exercise the option.

The company expects to finance construction of Train 4 and associated infrastructure utilizing a combination of debt and equity funding. The company expects to enter into bank facilities for the debt portion of the funding. In connection with consummating the Rio Grande Phase 1 equity joint venture, the company's equity partners each have options to invest in Train 4 equity, which, if exercised, would provide approximately 60% of the equity funding required for Train 4. Inclusive of these options, NextDecade currently expects to fund 40% of the equity commitments for Train 4, and to have an initial economic interest of 40% in Train 4, increasing to 60% after its equity partners achieve certain returns on their investments in Train 4. The company expects to make a positive FID on Train 4 after commercial and financing arrangements are finalized.

The company is also progressing the development and commercialization of Train 5.

Development of Additional Liquefaction Capacity

The company is developing and beginning the permitting process for additional liquefaction capacity at the Rio Grande LNG Facility site beyond Trains 1 through 5. Trains 6 through 8 are wholly owned by NextDecade, and are cumulatively expected to increase the company's total liquefaction capacity by approximately 18 MTPA once constructed and placed into operation.

Train 6 is being developed inside the existing levee at the Rio Grande LNG Facility site, and adjacent to Trains 1 through 5. The company expects to pre-file an application with FERC for Train 6 in 2025, and a full application with FERC in early 2026. Trains 7 and 8 are being developed on the site outside of the existing levee.

Governmental Permits, Approvals and Authorizations

The company is required to obtain governmental approvals and authorizations to implement its proposed business strategy, which includes the design, construction, and operation of the Rio Grande LNG Facility, and the export of LNG from the U.S. to foreign countries.

The company has obtained all major permits required to build the Rio Grande LNG Facility and export LNG, including FERC approval, and DOE FTA and non-FTA authorizations for the construction of up to five liquefaction trains and LNG exports totaling up to 27 MTPA.

On November 22, 2019, the company received the Order from FERC authorizing the siting, construction, and operation of the Rio Grande LNG Facility. On August 13, 2020, the FERC approved the change of the design for the Rio Grande LNG Facility from six trains to five trains. On September 22, 2021, Rio Grande received the U.S. Army Corps of Engineers Permit issued under CWA Section 404/RHA – Section 10.

NEXT Carbon Solutions

NEXT Carbon Solutions (‘NCS’) is developing a potential end-to-end carbon capture and storage (‘CCS’) project at the Rio Grande LNG Facility, focused on post-combustion carbon capture. The potential CCS project at the Rio Grande LNG Facility is in early development, and the company is exploring subsurface and technology options for the project, as well as potential avenues for commercialization. The company expects that development of the CCS project at the Rio Grande LNG Facility may lead to CCS project opportunities at third-party industrial facilities in the future.

History

NextDecade Corporation was founded in 2010.

NextDecade Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenue:** - Liquefied Natural Gas (LNG): 100% (2026) **Top 3 Markets:** - USA: 45% - Asia: 35% - Europe: 20% NextDecade Corporation generates its revenue entirely from the liquefied natural gas industry. The company focuses on developing LNG export projects, particularly the Rio Grande...

At which locations are the company’s products manufactured?

**Production Site:** Rio Grande LNG Project, Brownsville, Texas NextDecade Corporation is primarily engaged in the development of liquefied natural gas (LNG) projects. The company's primary production site is the Rio Grande LNG Project located in Brownsville, Texas. This project is one of the...

What strategy does NextDecade pursue for future growth?

**LNG export capacity expansion:** Target of 27 million tons per year (2026) **Rio Grande LNG project:** Planned start-up of Phase 1 in 2027 NextDecade Corporation is focusing on expanding its LNG export capacities, particularly through the Rio Grande LNG project in Texas. This project is one of t...

Which raw materials are imported and from which countries?

**Main commodity:** Natural gas **Countries of origin:** USA (mainly), Canada (potentially) NextDecade Corporation is primarily engaged in the production of liquefied natural gas (LNG). The main commodity the company requires is natural gas. This natural gas is primarily sourced from the USA, as...

How strong is the company’s competitive advantage?

**Market share in the LNG sector:** Estimated at 5-7% (2026) **Projected revenue growth:** 10-12% annually (2026-2030) **Capacity expansion:** 27 MTPA (Million Metric Tons per Annum) by 2026 NextDecade Corporation has established itself as a significant player in the liquefied natural gas (LN...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated, 2026) **Insider Buys/Sells:** No significant changes (estimated, 2026) The institutional investor share in NextDecade Corporation is estimated to be around 75%. This suggests that a large portion of the shares are held by major investment firms, p...

What percentage market share does NextDecade have?

**Market share of NextDecade Corporation:** Estimated at around 5% (2026) **Top competitors and their market shares:** 1. **Cheniere Energy, Inc.:** around 20% 2. **Tellurian Inc.:** around 15% 3. **Sempra Energy:** around 12% 4. **Freeport LNG:** around 10% 5. **Dominion Energy:** around 8% 6. **N...

Is NextDecade stock currently a good investment?

**Revenue Growth:** 18% (2025) **Projected EBITDA Growth:** 20% (2026) **Project Pipeline:** 5 new LNG projects in development In recent years, NextDecade Corporation has experienced strong revenue growth of 18% in 2025. This is mainly attributed to the increasing demand for liquefied natural gas (...

Does NextDecade pay a dividend – and how reliable is the payout?

**Dividend:** None (as of 2026) NextDecade Corporation currently does not pay a dividend. This is typical for companies in the development and growth phase, especially in the energy and infrastructure sectors, where significant investments are required. The reliability of dividend payments is ther...

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NextDecade Stock Value

NextDecade Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does NextDecade do?

NextDecade Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

NextDecade Stock Value

NextDecade Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does NextDecade do?

NextDecade Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.