NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development activities related to the liquefaction and sale of LNG. It focusses on the development activities of Rio Grande LNG terminal facility located in the Port of Brownsville, southern Texas. The company is headquartered in Houston, Texas.
IPO Year: 2015
Exchange: NASDAQ
Website: next-decade.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2024 | $7.00 → $9.00 | Buy | TD Cowen |
| 8/16/2023 | $8.00 | Peer Perform → Outperform | Wolfe Research |
| 8/15/2023 | $7.50 → $9.00 | Hold → Buy | Stifel |
| 7/28/2022 | $4.50 → $6.00 | Sell → Hold | Stifel |
| 4/26/2022 | $2.00 → $4.00 | Hold → Sell | Stifel |
| 4/1/2022 | $3.00 → $7.50 | Outperform → Neutral | Credit Suisse |
| 2/16/2022 | $6.00 → $5.00 | Overweight | Morgan Stanley |
SC 13D/A - NextDecade Corp. (0001612720) (Subject)
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SC 13D/A - NextDecade Corp. (0001612720) (Subject)
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4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today provided an update on developmental and strategic activities for the third quarter and early fourth quarter 2024. CEO Commentary "We continued to make excellent progress on the construction of Phase 1 at the Rio Grande Facility during the third quarter," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "The facility continues to progress safely, in line with schedule, and on budget, and the site has significantly advanced in the past few months. The Bechtel team has done exemplary work, including continued pipe work for Train 1, completing the first foundation pour for Train 2, and preparing to b
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding. "We appreciate the FERC's diligence during the review process," said NextDecade Chairman and CEO Matt Schatzman. "The CCS project at RGLNG is not sufficiently developed to allow FERC review to continue at this time. We remain committed to advancing and lowering the cost of utilizing carbon capture and storage and helping companies reduce their facilit
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today provided an update on developmental and strategic activities for the second quarter and early third quarter 2024. CEO Commentary "NextDecade has recently made excellent strides toward achieving its dual goals of constructing Phase 1 at the Rio Grande LNG Facility safely, on schedule, and on budget, and progressing Train 4 expansion capacity toward a positive Final Investment Decision (FID)," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "We do not agree with the D.C. Circuit Court's recent decision to vacate the Federal Energy Regulatory Commission's (FERC) remand authorization of the Rio Gr
Today, the U.S. Court of Appeals for the D.C. Circuit (Court) issued an order vacating the Federal Energy Regulatory Commission's (FERC) remand authorization of NextDecade Corporation's (NextDecade) (NASDAQ:NEXT) Rio Grande LNG Facility on the grounds that the FERC should have issued a supplemental Environmental Impact Statement (EIS) during its remand process. NextDecade is disappointed in the Court's decision and disagrees with its conclusions. The Company is reviewing the Court's decision and assessing all of its options. At this time, construction continues on the first three liquefaction trains and related infrastructure (Phase 1) at the Rio Grande LNG Facility, and the Company is ev
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its subsidiary Rio Grande LNG Train 4, LLC (Rio Grande LNG Train 4) has executed a lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy Inc. (Bechtel) for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility. Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under the EPC contract for Train 4. Price validity under the contract extends through December 31, 2024. NextDecade currently projects that owner's costs, contingencies, financing fees and interest during construction will total approximately
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the Company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver Phase 1 of Rio Grande LNG (RGLNG) safely, on schedule, and within budget, reach positive final investment decisions on RGLNG Trains 4 and 5, and advance its Next Carbon Solutions business. Before his appointment as the COO of the Company, Mr. Skeik, 44, was a global project executive at ExxonMobil where he worke
Note proceeds will be utilized to reduce outstanding borrowings and commitments under existing Rio Grande LNG, LLC term loan facilities NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its subsidiary Rio Grande LNG, LLC (Rio Grande LNG) has issued $1.115 billion of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG's existing term loan facilities for Phase 1 at the Rio Grande LNG Facility. The senior secured notes will be amortized over a period of 18 years beginning in Septembe
Aramco, one of the world's leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (NASDAQ:NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611802841/en/ Under the terms of the HoA, Aramco expects to purchase 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, at a price indexed to Henry H
11.7% equity stake in Phase 1 of Rio Grande LNG marks ADNOC's first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand ADNOC and NextDecade enter into 20-year LNG offtake agreement for 1.9 mtpa from Rio Grande LNG Train 4 NextDecade to maintain its expected economic interest in Phase 1 and fully permitted Train 4 and 5 expansion capacity ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation's (NextDecade) (NASDAQ:NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024. CEO Commentary "Construction of Phase 1 at the Rio Grande LNG Facility continues to progress according to plan, as we work alongside Bechtel to construct Trains 1 through 3 and their supporting infrastructure safely, efficiently, on schedule, and within budget," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "The Rio Grande LNG Facility has truly begun to take shape recently, as concrete foundation pours for Train 1 are ongoing, key materials such as piping and structural ste
NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ:NEXT) and California Resources Corporation (NYSE:CRC) today jointly announced the execution of an agreement (Agreement) to further explore the decarbonization of CRC's Elk Hills Power Plant. Through the deployment of NCS' proprietary post-combustion carbon capture processes for CRC's CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant for permanent storage in oil producing reservoirs. Pursuant to the Agreement, NCS will perform a front-end engineering design (FEED) study for the post combustion capture and compression of up to 95% of the carbon dioxide (CO
4 - NextDecade Corp. (0001612720) (Issuer)
3 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
4 - NextDecade Corp. (0001612720) (Issuer)
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the Company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver Phase 1 of Rio Grande LNG (RGLNG) safely, on schedule, and within budget, reach positive final investment decisions on RGLNG Trains 4 and 5, and advance its Next Carbon Solutions business. Before his appointment as the COO of the Company, Mr. Skeik, 44, was a global project executive at ExxonMobil where he worke
HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today announced that the Board of Directors has appointed Brent E. Wahl as Chief Financial Officer effective February 1, 2021. Mr. Wahl has served as the Company’s Senior Vice President, Finance, since June 17, 2019. Mr. Wahl will replace Benjamin A. Atkins, who has notified the Company of his intention to resign his position as Chief Financial Officer for personal reasons. Mr. Atkins will continue to be employed by the Company until February 1, 2021, to ensure a seamless transition of the role to Mr. Wahl. “I join my fellow employees and Directors in congratulating Brent on his appointment
TD Cowen reiterated coverage of NextDecade with a rating of Buy and set a new price target of $9.00 from $7.00 previously
Wolfe Research upgraded NextDecade from Peer Perform to Outperform and set a new price target of $8.00
Stifel upgraded NextDecade from Hold to Buy and set a new price target of $9.00 from $7.50 previously
Stifel upgraded NextDecade from Sell to Hold and set a new price target of $6.00 from $4.50 previously
Stifel downgraded NextDecade from Hold to Sell and set a new price target of $4.00 from $2.00 previously
Credit Suisse downgraded NextDecade from Outperform to Neutral and set a new price target of $7.50 from $3.00 previously
Morgan Stanley reiterated coverage of NextDecade with a rating of Overweight and set a new price target of $5.00 from $6.00 previously
Evercore ISI upgraded NextDecade from In-line to Outperform and set a new price target of $9.00 from $3.00 previously
Morgan Stanley upgraded NextDecade from Equal-Weight to Overweight and set a new price target of $6.00
Morgan Stanley upgraded NextDecade from Underweight to Equal-Weight and set a new price target of $2.00
10-Q - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
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10-Q - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
8-K - NextDecade Corp. (0001612720) (Filer)
10-Q/A - NextDecade Corp. (0001612720) (Filer)
Note proceeds will be utilized to reduce outstanding borrowings and commitments under existing Rio Grande LNG, LLC term loan facilitiesNextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its subsidiary Rio Grande LNG, LLC (Rio Grande LNG) has issued $1.115 billion of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG's existing term loan facilities for Phase 1 at the Rio Grande LNG Facility.
NextDecade Corporation (NASDAQ:NEXT) shares are trading higher today. The company and Saudi Oil giant Aramco disclosed that their subsidiaries have signed a non-binding Heads of Agreement (HoA) for LNG project. The deal entails a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) to purchase LNG from Train 4 at the Rio Grande LNG Facility in the Port of Brownsville, Texas. As per the terms, Aramco plans to buy 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, with pricing indexed to Henry Hub. Aramco and NextDecade are currently negotiating a binding agreement, which will become effective upon a positive Final Investment Decision on T
Aramco, one of the world's leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (NASDAQ:NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611802841/en/ Under the terms of the HoA, Aramco expects to purchase 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, at a price indexed to Henry H
TD Cowen analyst Sam Margolin maintains NextDecade (NASDAQ:NEXT) with a Hold and raises the price target from $7 to $9.
Saudi oil giant Saudi Aramco is reportedly in discussions with Tellurian Inc. (NYSE:TELL) and NextDecade Corporation (NASDAQ:NEXT) regarding two separate liquefied natural gas (LNG) projects. In particular, Aramco is reportedly in talks with Tellurian to acquire a stake in its 27.6 million metric ton per annum (mtpa) Driftwood LNG plant near Lake Charles in Louisiana, reported Reuters. Also, the Saudi company is negotiating with NextDecade for a long-term gas purchase agreement from a proposed fifth processing unit at its $18 billion Rio Grande facility. With these deals, Aramco aims to bolster its position in the LNG market, which is projected to grow by 50% globally by 2030, parti
As of May 22, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. NextDecade Corporation (NASDAQ:NEXT) On May 20, Abu Dhabi Oil & Gas giant ADNOC announced it secur
Shares of Virios Therapeutics, Inc. (NASDAQ:VIRI) fell sharply during Monday's session after the company priced a $1.7 million public offering of 8.5 million shares of common stock at $0.20 per share. Virios Therapeutics shares dipped 47.6% to $0.1850 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares jumped 224% to $2.01. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. GT Biopharma, Inc. (NASDAQ:GTBP) rose 146% to $7.64. GT Biopharma, last week, posted a narrower-than-expected quarterly loss. Tantech Hold
U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Monday. Shares of Overseas Shipholding Group, Inc. (NYSE:OSG) rose sharply during Monday's session after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources. The transaction is valued at an aggregate equity value of around $653 million and a total transaction value of $950 million. Overseas Shipholding Group shares climbed 22.8% to $8.43 on Monday. Here are some other big stocks recording gains in today's session. Hims & Hers Health, Inc. (NYSE:HIMS) shares jumped 30.5% to $19.01 after the company announced the addition of GLP-1 injections to it
NextDecade Corporation (NASDAQ:NEXT) shares are trading higher after Abu Dhabi Oil & Gas giant ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade’s Rio Grande LNG project. In particular, ADNOC acquired an 11.7% stake in Phase 1 (Trains 1-3) of Rio Grande LNG, which is a liquefied natural gas (LNG) export project located in Texas and expected to produce less carbon-intensive LNG. This marks ADNOC’s first strategic investment in the U.S. to expand its lower-carbon LNG portfolio to meet growing gas demand. Apart from this, ADNOC and NextDecade penned a 20-year LNG offtake agreement for 1.9 mtpa from Rio Grande LNG Train 4, on a free on board (FOB) bas