NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today provided an update on developmental and strategic activities for the first quarter 2025 and early second quarter 2025. CEO Commentary "NextDecade has had an incredibly strong start to 2025, as we announced expansion plans at the Rio Grande LNG Facility, including Trains 6 through 8, received a positive outcome in the D.C. Circuit Court case, completed the commercialization of Train 4, and continued to progress the construction of Phase 1 safely, on schedule, and on budget," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "We continue to see excellent demand for U.S. LNG, which will help us comme

Sufficient commercial agreements in place to support a positive Final Investment Decision on Train 4 NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that TotalEnergies (Total) (NYSE:TTE) has exercised its LNG purchase option with respect to Train 4 at the Rio Grande LNG Facility, and subsidiaries of both companies have executed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4. Under the terms of the SPA, TotalEnergies Gas & Power North America, Inc. will purchase 1.5 million tonnes per annum (MTPA) of LNG for 20 years on a free-on-board basis at a price indexed to Henry Hub, subject to a positive Final Inve

NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco for offtake from Train 4 at the Rio Grande LNG Facility. Under the terms of the SPA, the Aramco subsidiary will 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 Hub, subject to a positive Final Investment Decision (FID) on Train 4. "We are extremely pleased to have Aramco as a customer in Rio Grande LNG Train 4," said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. "The Rio Grande LNG Facility continues t

NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today announced that the U.S. Court of Appeals for the D.C. Circuit (Court) issued a revision to its August 2024 judgment, remanding without vacatur the Federal Energy Regulatory Commission's (FERC) order for the first five liquefaction trains at the Rio Grande LNG Facility. "We are pleased with today's revised Court judgment, which ensures construction at the Rio Grande LNG Facility will not be impacted by the Court," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "This is an excellent outcome for NextDecade's shareholders, our partners in the project, the local community, and our customers. We look

NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) and Baker Hughes (NASDAQ:BKR) announced today that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes' gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250310876591/en/ "Utilizing Baker Hughes' industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande L

HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, and NextDecade Corporation (NASDAQ:NEXT) and announced Tuesday that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes' gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. "Utilizing Baker Hughes' industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably," said Matt Schatzman, ch

Outlines Development Plans for Approximately 18 MTPA of Additional Liquefaction Capacity NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2024 and early first quarter 2025. CEO Commentary "As we begin 2025, we are at an exciting time in NextDecade history. Our team is working diligently to capitalize on our outsized growth opportunities while continuing to construct Trains 1 through 3 (Phase 1) at the Rio Grande LNG Facility safely, on schedule, and on budget," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "We are working with multiple potential commercia

Proceeds will be Used to Repay Existing $50 Million Revolving Credit Facility and $12.5 Million Interest Term Loan and for Working Capital and General Corporate Purposes NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that its wholly owned subsidiary, Rio Grande LNG Super Holdings, LLC, has entered into a credit agreement with General Atlantic Credit's ("GA Credit") Atlantic Park Fund that provides for a $175 million senior secured loan (the "Senior Loan"). Proceeds from the Senior Loan were disbursed at closing on December 31, and net proceeds, after fees and related transaction expenses, will be used to repay outstanding borrowings under the Company's

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

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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

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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