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 ...

Project Costs and Financing - The final EPC cost for Phase 1 of the Rio Grande LNG Facility is approximately $12.0 billion, with additional estimated costs totaling around $6.0 billion[98]. - The total expected capital costs for Phase 1 are estimated to be approximately $18.0 billion, including estimated owner's costs and contingencies[112]. - On July 12, 2023, Rio Grande closed approximately $18.4 billion in project financing for Phase 1, including $11.6 billion in senior secured non-recourse bank credit facilities[104][112]. - The company raised $6.2 billion in equity capital commitments for Phase 1, including contributions from TotalEnergies and other financial investors[134]. - The company committed to fund approximately $283 million for the construction of Phase 1 of the Rio Grande LNG Facility, with $125 million contributed before the Final Investment Decision (FID)[141]. Project Progress and Operations - As of September 2023, the project completion percentage for Trains 1 and 2 is approximately 8.1%, with engineering 35.7% complete and procurement 14.1% complete[98]. - The construction site spans 984 acres and includes 15,000 feet of frontage on the Brownsville Ship Channel, strategically located near abundant natural gas resources[90]. - Construction of the first three liquefaction trains commenced in July 2023 following a positive final investment decision (FID)[91]. - The commercial operation date for the first train of Phase 1 is expected in late 2027, indicating a long-term capital requirement for future phases[146]. Sales and Agreements - The Rio Grande LNG Facility has been permitted to export up to 27 million tonnes per annum (MTPA) of LNG from up to five liquefaction trains[90]. - Rio Grande has entered into long-term LNG Sales and Purchase Agreements (SPAs) for over 90% of the expected nameplate capacity of Phase 1, providing stable cash flows[93]. - In January 2023, Rio Grande entered into a 15-year LNG SPA with Itochu Corporation for the supply of 1.0 MTPA of LNG, and in June 2023, a 20-year LNG SPA with TotalEnergies for 5.4 MTPA of LNG[104][106]. - Rio Grande has entered into long-term LNG SPAs with nine counterparties for aggregate volumes of approximately 16.2 MTPA of LNG, representing over 90% of the expected Phase 1 LNG nameplate capacity[107][108]. Environmental Initiatives - The planned carbon capture and storage (CCS) project aims to reduce greenhouse gas emissions at the Rio Grande LNG Facility and other industrial facilities[95]. - The company is focused on providing a less carbon-intensive and more sustainable LNG through project design and responsibly sourced gas[95]. Financial Performance - Operating cash outflows for the nine months ended September 30, 2023, were $52.6 million, an increase from $28.0 million in the same period in 2022, primarily due to higher employee costs and professional fees[149]. - Investing cash outflows for the nine months ended September 30, 2023, were $1,010.4 million, significantly higher than $11.0 million in the same period in 2022, driven by the mobilization of the Bechtel workforce[150]. - Financing cash inflows for the nine months ended September 30, 2023, totaled $1,446.1 million, compared to $122.6 million in the same period in 2022, mainly from debt issuance and equity sales[151]. - As of September 30, 2023, the company had cash and cash equivalents of $445.9 million, up from $62.8 million at the beginning of the period[148]. Income and Expenses - Net income attributable to common stockholders for the three months ended September 30, 2023 was $107.6 million, compared to a net loss of $25.0 million for the same period in 2022, representing a $132.7 million increase[153]. - Net loss attributable to common stockholders for the nine months ended September 30, 2023 was $53.5 million, a decrease from a net loss of $58.9 million for the same period in 2022, reflecting a $5.4 million improvement[154]. - General and administrative expenses for the three months ended September 30, 2023 increased by approximately $17.5 million, primarily due to higher professional fees, employee costs, and share-based compensation[157]. - General and administrative expenses for the nine months ended September 30, 2023 increased by approximately $56.0 million compared to the same period in 2022, driven by professional fees and share-based compensation[158]. - Interest expense, net of capitalized interest, for the three and nine months ended September 30, 2023 was $28.5 million, representing total interest cost on debt of $32.5 million[160]. Derivative Gains - Derivative gain for the three months ended September 30, 2023 was $240.3 million, attributed to the reversal of derivative liabilities and an increase in forward SOFR rates[155]. - The company recognized a derivative gain of $152.8 million for the nine months ended September 30, 2023, due to an increase in forward SOFR rates[156]. - The increase in share-based compensation expense for the three months ended September 30, 2023 was $6.7 million, linked to restricted stock awards and units that vested at FID of Phase 1[157].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 46-5723951 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1000 Louisiana Street, Suite 3900, Houston, Texas 77002 (Address of principal executive offices) (Zip Code) (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period end ...