NextDecade

NEXT

Market cap $1.77B

Overview Fund Activity

6.74 USD

-0.10

1.46%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

6.88

+0.14

2.08%

1 day

-1.46%

5 days

-33.86%

1 month

-30.73%

3 months

-18.8%

6 months

-7.03%

Year to date

-18.8%

1 year

34%

5 years

94.24%

10 years

-31.92%

About: 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.

Employees: 237

Energy Oil & Gas Equipment & Services

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 59

15% more capital invested

Capital invested by funds: $995M [Q1] → $1.14B (+$149M) [Q2]

14% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]

0.12% more ownership

Funds ownership: 49.12% [Q1] → 49.25% (+0.12%) [Q2]

3% less call options, than puts

Call options by funds: $19.1M | Put options by funds: $19.6M

4% less funds holding

Funds holding: 184 [Q1] → 177 (-7) [Q2]

23% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 26

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$8

19% upside

Avg. target

$9

34% upside

High target

$10

48% upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

TD Cowen Jason Gabelman	$8	Hold Downgraded	15 Sep 2025
Morgan Stanley Devin McDermott	$10	Equal-Weight Downgraded	12 Sep 2025

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about NEXT published over the past 30 days

NextDecade greenlights Train 4 at Rio Grande LNG project

U.S. liquefied natural gas producer NextDecade said on Tuesday it has reached a positive final investment decision for the fourth liquefaction plant, known as a train, of its Rio Grande export project in Texas.

NextDecade greenlights Train 4 at Rio Grande LNG project

NextDecade Announces Positive Final Investment Decision and Financial Close on Train 4 at Rio Grande LNG

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has made a positive final investment decision (FID) on Train 4 at Rio Grande LNG, closed financial transactions to fully fund Train 4 and related infrastructure, and issued full notice to proceed to Bechtel Energy Inc. (Bechtel) for Train 4. Additionally, the Company continues to progress Train 5 at Rio Grande LNG toward an expected FID in the fourth quarter of 2025. “We are pleas.

NextDecade Announces Positive Final Investment Decision and Financial Close on Train 4 at Rio Grande LNG

TotalEnergies CEO says NextDecade to announce FID on Rio Grande LNG train on Tuesday, CNBC reports

TotalEnergies CEO Patrick Pouyanne said that U.S. liquefied natural gas developer NextDecade, in which Total holds a stake, will announce a final investment decision on an additional liquefaction unit at its Rio Grande LNG project later on Tuesday, in an interview with CNBC.

TotalEnergies CEO says NextDecade to announce FID on Rio Grande LNG train on Tuesday, CNBC reports

ConocoPhillips to buy LNG from NextDecade's Rio Grande Train 5 project

U.S. oil and gas producer ConocoPhillips will purchase 1.0 million tonnes per annum of liquefied natural gas from NextDecade's Rio Grande export facility in Texas for 20 years, the companies said on Monday.

ConocoPhillips to buy LNG from NextDecade's Rio Grande Train 5 project

NextDecade Completes Commercialization of Rio Grande LNG Train 5 with 1.0 MTPA LNG Sale and Purchase Agreement with ConocoPhillips

HOUSTON--(BUSINESS WIRE)--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 ConocoPhillips (NYSE: COP) for offtake from Rio Grande LNG Train 5. ConocoPhillips will purchase 1.0 MTPA of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision (FID) on Train 5. “ConocoPhillips has a lon.

NextDecade Completes Commercialization of Rio Grande LNG Train 5 with 1.0 MTPA LNG Sale and Purchase Agreement with ConocoPhillips

Zacks Investment Research

NEXT Inks LNG Purchase Deal With EQT, Moves Closer to Train 5 FID

NextDecade secures a 20-year LNG supply deal with EQT, boosting momentum toward a final investment decision on Rio Grande Train 5.

NEXT Inks LNG Purchase Deal With EQT, Moves Closer to Train 5 FID

NextDecade Announces 1.5 MTPA LNG Sale and Purchase Agreement with EQT from Rio Grande LNG Train 5

HOUSTON--(BUSINESS WIRE)--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 EQT Corporation (NYSE: EQT) for offtake from Rio Grande LNG Train 5. EQT 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 NextDecade making a positive final investment decision (FID) on Train 5. “We have.

NextDecade Announces 1.5 MTPA LNG Sale and Purchase Agreement with EQT from Rio Grande LNG Train 5

Zacks Investment Research

NextDecade's Rio Grande LNG Project Secures Major Funding Boost

NEXT secures $1.8B from TotalEnergies and GIP to advance the Train 4 expansion at its Rio Grande LNG facility in Texas.

NextDecade's Rio Grande LNG Project Secures Major Funding Boost

NextDecade secures $3 billion funding from TotalEnergies, GIP for Rio Grande LNG project

U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas.

NextDecade secures $3 billion funding from TotalEnergies, GIP for Rio Grande LNG project

TotalEnergies won't invest in NextDecade's Train 5 LNG project, sources say

TotalEnergies has decided not to invest in U.S. developer NextDecade's fifth liquefied natural gas Rio Grande export facility in Texas or to buy LNG from its output, two sources familiar with the matter told Reuters.

TotalEnergies won't invest in NextDecade's Train 5 LNG project, sources say

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