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NextDecade Corporation

https://www.next-decade.com

Industry

Oil & Gas Exploration & Production

NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural gas (LNG); and capture and storage of CO2 emissions. The company focuses on the development activities on the Rio Grande LNG terminal facility located in the Port of Brownsville in southern Texas. It also focuses on a carbon capture and storage project (CCS project) at the terminal, as well as on other CCS projects with third-party industrial source facilities. The company was founded in 2010 is based in Houston, Texas.

Open

7.47

Mkt cap

1.9B

Volume

2.5M

High

7.47

P/E Ratio

-6.63

52-wk high

8.52

Low

7.20

Div yield

N/A

52-wk low

4.25

Shares of oil and gas companies are trading lower due to concerns about an economic slowdown following recent US data, which could negatively impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:32 pm

Insiders have made significant purchases in NextDecade Corporation, Adverum Biotechnologies, and Texas Capital Bancshares, indicating confidence in these companies' prospects. Notable trades include Hanwha Ocean Co., Ltd's $87.7M investment in NextDecade, Braden Michael Leonard's $613,470 investment in Adverum Biotechnologies, and Robert W Stallings' $409,300 investment in Texas Capital Bancshares.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:47 pm

NextDecade has appointed Tarik Skeik as the new Chief Operating Officer. Skeik will report to Chairman and CEO Matt Schatzman and will oversee Phase 1 of the Rio Grande LNG project and the Next Carbon Solutions business.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:31 pm

NextDecade Corporation's subsidiary, Rio Grande LNG, has issued $1.115 billion in senior secured notes at a fixed interest rate of 6.58%. The proceeds will be used to reduce outstanding borrowings and commitments under existing term loan facilities for Phase 1 at the Rio Grande LNG Facility.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:06 pm

NextDecade Corporation (NASDAQ:NEXT) has signed a non-binding Heads of Agreement with Aramco for a 20-year LNG supply deal. Aramco plans to buy 1.2 million tonnes per annum of LNG from Train 4 at the Rio Grande LNG Facility. The deal is contingent on a positive Final Investment Decision expected in the second half of 2024. NextDecade shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 3:55 pm

Aramco and NextDecade Corporation have signed a non-binding Heads of Agreement for a 20-year LNG sale and purchase agreement. Aramco will purchase 1.2 million tonnes per annum of LNG from Train 4 at the Rio Grande LNG Facility in Texas, pending a positive Final Investment Decision.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:02 am

TD Cowen analyst Sam Margolin maintains a Hold rating on NextDecade (NASDAQ:NEXT) and raises the price target from $7 to $9.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:45 pm

Saudi Aramco is in discussions with Tellurian Inc. and NextDecade Corporation regarding LNG projects. Aramco aims to acquire a stake in Tellurian's Driftwood LNG plant and negotiate a long-term gas purchase agreement with NextDecade for its Rio Grande facility. These moves are part of Aramco's strategy to strengthen its position in the growing LNG market.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 5:48 pm

Five energy stocks, including NextDecade Corporation, Targa Resources Corp., Teekay Tankers Ltd., Nordic American Tankers Limited, and ProPetro Holding Corp., are showing overbought signals with RSI values above 70. This could indicate potential price declines in the short term.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 11:51 am

Virios Therapeutics shares fell 47.6% after pricing a $1.7 million public offering. Other notable movers include MultiMetaVerse Holdings, GT Biopharma, and Faraday Future Intelligent Electric, among others.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 5:28 pm

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