NextDecade

NextDecade reports that construction at Rio Grande LNG in South Texas for production trains 1–5 is ahead of schedule and within budget as of June 2026; trains 1–2 are 74.0% complete, train 3 is 50.4% complete, train 4 is 15.5% complete and train 5 is 9.4% complete. The company commissioned the 138‑kV main substation in May, is assigning personnel to general contractor Bechtel Energy and expects first gas feed in the second half of 2026 and first LNG production from train 1 in H1 2027. NextDecade filed for an expansion with the FERC in May (train 6 and an additional ship berth); the final Environmental Impact Statement is scheduled for 25 June 2027. For financing, Rio Grande LNG closed secured senior notes of $3.5 billion in July and completed additional loans/tranche draws; the five trains under construction are expected to deliver roughly 30 million tonnes per year of capacity. » Więcej na de.investing.com

The NextDecade subsidiary Rio Grande LNG Intermediate HoldCo Borrower agreed a $1.0 billion term loan facility maturing June 17, 2033, with an interest rate of 7.05% p.a. The proceeds will be used primarily as an equity contribution to Rio Grande LNG and to cover loan costs and administrative expenses. The loan provides for payment-in-kind (PIK) interest through the end of September 2026, includes extensive covenants, security interests over nearly all assets and a minimum debt service coverage requirement of 1.05. NextDecade already has total debt of about $9.5 billion and a market capitalization of $1.9 billion; the company also reported Q1-2026 results, an EPS forecast of -0.63 and the appointment of John Zuklic as CFO. » Więcej na de.investing.com

NextDecade names John Zuklic chief financial officer effective July 6, 2026; he joins from Citgo, where he served as CFO since 2020. Zuklic brings more than 30 years of experience in the energy sector and expertise in capital structuring, treasury and corporate finance. The appointment comes as NextDecade operates with high indebtedness of about USD 9.47 billion and a current ratio of 0.4. Interim CFO Mike Mott will return to his prior role as senior vice president of enterprise transformation. » Więcej na de.investing.com

Ripple Effect Asset Management bought 739,723 additional shares of NextDecade in Q1, boosting its position to 1,339,723 shares at an estimated cost of $4.21 million. NextDecade shares trade at $8.54, underperforming the S&P 500, but the company is advancing its Rio Grande LNG project—Trains 1 and 2 are about 68% complete with first gas expected in H2 2026 and first LNG production in H1 2027. NextDecade has signed contracts covering over 175 TBtu for 2027–2028 with projected margins above $3.00/MMBtu, though Ripple Effect also holds some puts, signaling hedging or mixed conviction. » Więcej na finance.yahoo.com

NextDecade reported significant construction progress at the Rio Grande LNG facility in Q1 2026 and secured over $9 billion for phase one. The company refinanced $1.85 billion of bank debt into capital market instruments and reduced price risk through early sales by 33%. Despite a negative EPS forecast of -$0.63 and a pre-market share price decline, NextDecade sees potential for long-term growth through strategic financial management and additional early sales, targeting a steady-state cash flow of $500 million annually at $5/MMBtu. » Więcej na de.investing.com