Core Viewpoint - NextDecade Corporation's Rio Grande LNG project in Texas faces significant setbacks after a U.S. Court of Appeals revoked the permit issued by FERC, leading to a sharp decline in the company's share price [1]. Regulatory and Legal Context - A lawsuit was filed by the Sierra Club and other parties against FERC, arguing that the environmental impact of the Rio Grande LNG project was not properly assessed as required by the National Environmental Policy Act and the Natural Gas Act [2]. - The court ruled that FERC should have issued a supplemental environmental impact statement during the remand process, siding with the arguments presented by the plaintiffs [2]. Company Response and Project Status - NextDecade expressed disappointment with the court's decision and is currently reviewing its options [4]. - Despite the legal challenges, construction for Phase 1 of the Rio Grande LNG facility continues, with completion expected by early 2029 [5]. - The company is concerned about the impact of the court's ruling on the timeline for the Final Investment Decision (FID) for Train 4, which was initially targeted for the second half of 2024 [5]. Financial Aspects - The estimated construction cost for Train 4 and its associated infrastructure is projected to be between $6 billion and $6.2 billion, consistent with the costs for the three trains in Phase 1 [6]. - NextDecade awarded a $4.3 billion engineering, procurement, and construction contract to Bechtel Energy Inc. for Train 4 just before the court's ruling [4]. Strategic Partnerships - Earlier in 2024, ADNOC acquired an 11.7% stake in Phase 1 of the Rio Grande LNG project and signed a 20-year offtake agreement for LNG from Train 4 [7]. - Saudi Aramco entered into a non-binding agreement with NextDecade for a 20-year LNG offtake deal, agreeing to purchase 1.2 million tons per annum from Train 4 [7].

NextDecade (NEXT) has been on a downward spiral lately with significant selling pressure. After declining 17.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

The average comprises four short-term price targets ranging from a low of $8 to a high of $13, with a standard deviation of $2.16. While the lowest estimate indicates an increase of 2.8% from the current price level, the most optimistic estimate points to a 67.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. Price, Consensus and EPS Surprise While ...

NextDecade Corporation (NEXT) and Saudi Aramco have inked a non-binding Heads of Agreement (HOA) for a 20-year liquefied natural gas sale and purchase agreement. Per the terms of the agreement, Aramco will purchase 1.2 million tons per annum (MTPA) of LNG from Train 4 of NextDecade's Rio Grande LNG project on a free-on-board basis. The price of the LNG is indexed to Henry Hub. Both companies are actively engaged in negotiating a binding agreement. The deal is contingent upon NextDecade securing a final inve ...

NextDecade Corporation (NEXT) has announced a major development regarding its Rio Grande LNG project in Texas. UAE oil giant ADNOC (Abu Dhabi National Oil Company) has acquired an 11.7% stake in Phase 1 of the Rio Grande LNG project, which includes the three liquefaction trains, Trains 1 to 3. NEXT has announced that it has signed a 20-year LNG offtake agreement with ADNOC for Train 4 of the Rio Grande LNG project. ADNOC's acquisition in the United States is part of its international growth plan. The UAE oi ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is NextDecade (NEXT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.NextDecade is one of 249 companies in the Oils-Energy group. The Oils-Energy group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36842 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Ac ...

NextDecade (NEXT) closed the last trading session at $6.41, gaining 15.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.50 indicates a 32.6% upside potential.The average comprises four short-term price targets ranging from a low of $7 to a high of $10, with a standard deviation of $1.29. While the lowest estimate indicates an increase of 9.2% from the current price level, the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION NEXTDECADE CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-5723951 FORM 10-K (MARK ONE) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36842 Washington, D.C. 20549 (State or other j ...

Commission File No. 001-36842 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 For the transition period from to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File req ...