NextDecade (NEXT) Slumps Following FID on Rio Grande Train 4

Core Insights - NextDecade Corporation's share price experienced a significant decline of 36.01% from September 5 to September 12, 2025, marking it as one of the worst-performing energy stocks during that week [1]. Company Developments - NextDecade Corporation is focused on the construction and development of natural gas liquefaction projects in the United States [2]. - The company has made a positive final investment decision (FID) on Train 4 at Rio Grande LNG, while Trains 6-8 are in the development and permitting stages [3]. - NextDecade has secured approximately $6.7 billion in committed financing for Train 4, which includes a $3.85 billion term loan facility, $1.13 billion in equity commitments from NextDecade, and $1.7 billion from investment partners [3]. Investor Sentiment - The recent drop in stock price reflects investor concerns regarding NextDecade's long-term profitability assumptions, potential share dilution from the Rio Grande LNG development, and an increase in the company's debt load [4].