NextDecade builds and operates a giant natural gas chilling plant in Texas that turns gas into liquid for export overseas, like a frozen-gas shipping hub.
No revenue yet—it's still constructing the Rio Grande LNG facility, burning USD -0.31B in 2025 net losses while paying for construction.
Permits and long-term export contracts with buyers like Shell and ExxonMobil lock in future cash flows, but massive capital costs and competition from Cheniere and Sempra keep the edge uncertain.
Key events, in time order
Company confirms Rio Grande LNG Phase 1 construction ahead of schedule, still targeting first gas later in 2026
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Facts and opinions separated · All items sourced · Not investment advice
