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 ...

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 For the quarterly period ended March 31, 2023 ☐ 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 NEXTDECADE CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-5723951 (State or ot ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 NEXTDECADE CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-5723951 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) ...

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 For the quarterly period ended September 30, 2022 ☐ 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 NEXTDECADE CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-5723951 (State o ...

For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents Commission File No. 001-36842 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 NEXTDECADE CORPORATION FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) (Zip Code) (Exact name of registrant as specifi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission File No. 001-36842 NEXTDECADE CORPORATION (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.) (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ T ...

Table of Contents For the transition period from to Commission File No. 001-36842 NEXTDECADE CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offic ...

NextDecade Corporation February 2022 Accelerating the Path to a Net-Zero Future +1 Disclaimer and Forward-Looking Statements | --- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) NEXTDECADE CORPORATION (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) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...