NextDecade Secures $3 Bln Investment For Rio Grande LNG Project

Written by Emily J. Thompson, Senior Investment Analyst

NEXT.O

5.87

USD

-1.01%

See more details

NEXT.O-1.01%

Source: NASDAQ.COM

Updated: Aug 11 2025

5mins

Source: NASDAQ.COM

Investment Announcement: NextDecade has secured up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas.
Stake Distribution: TotalEnergies will invest approximately $300 million for a 10% stake, GIP will commit around $1.5 billion for a 50% stake (which may reduce to 30%), while NextDecade will contribute up to $1.2 billion for a 40% stake, increasing to 60% after certain returns are met.

NEXT.O

$5.870-23.268%Past 6 months

Line

Candle

YTD

Intellectia

Analyst Views on NEXT

Wall Street analysts forecast NEXT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEXT is 9.67 USD with a low forecast of 7.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Analyst Rating

1 Buy

2 Hold

0 Sell

Moderate Buy

Current: 5.930

Low

7.00

Averages

9.67

High

12.00

Current: 5.930

Low

7.00

Averages

9.67

High

12.00

Seaport Research

Sunil Sibal

Buy

downgrade

$15 -> $12

2025-09-16

Reason

Seaport Research

Sunil Sibal

Price Target

$15 -> $12

2025-09-16

downgrade

Buy

Reason

Seaport Research analyst Sunil Sibal lowered the firm's price target on NextDecade to $12 from $15 and keeps a Buy rating on the shares.

TD Cowen

Jason Gabelman

Buy

Hold

downgrade

$11 -> $8

2025-09-15

Reason

TD Cowen

Jason Gabelman

Price Target

$11 -> $8

2025-09-15

downgrade

Buy

Hold

Reason

TD Cowen analyst Jason Gabelman downgraded NextDecade to Hold from Buy with a price target of $8, down from $11. The company's updated guidance implies $14 of share value, though embeds a spot margin $2 per MCF higher than expected as the global gas market faces oversupply later this decade, the analyst tells investors in a research note. TD expects the stock to move with global gas prices moving forward."

Morgan Stanley

Overweight -> Equal Weight

downgrade

$15 -> $10

2025-09-12

Reason

Morgan Stanley

Price Target

$15 -> $10

2025-09-12

downgrade

Overweight -> Equal Weight

Reason

Morgan Stanley downgraded NextDecade to Equal Weight from Overweight with a price target of $10, down from $15. The company reached a final investment decision on Train 4 of its Rio Grande project and reiterated expectations for a decision on Train 5 in Q4, the analyst tells investors in a research note. NextDecade now expects $1B of annual cash flow from the project, which is toward the low end of the prior $900M-$1.3 B range, adds Morgan Stanley. The firm's cash flow estimates move lower following the update and it sees limited near-term catalysts remaining for the shares.

Seaport Research

Buy

initiated

$15

2025-07-25

Reason

Seaport Research

Price Target

$15

2025-07-25

initiated

Buy

Reason

Seaport Research initiated coverage of NextDecade with a Buy rating and $15 price target. The firm sees an attractive growth opportunity from additional train Final Investment Decisions, the analyst tells investors.

See All Ratings

About NEXT

NextDecade Corporation is an energy company. The Company is engaged in construction and development activities related to the liquefaction and sale of liquefied natural gas (LNG) and the capture and storage of carbon dioxide (CO2) emissions. The Company is constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley in Brownsville, Texas (the Rio Grande LNG Facility), which has three liquefaction trains and related infrastructure under construction. Through its subsidiary, Rio Grande LNG, LLC (Rio Grande), the Company is constructing the Rio Grande LNG Facility on the north shore of the Brownsville Ship Channel. The site is located on 984 acres of land which has been leased long-term and includes 15 thousand feet of frontage on the Brownsville Ship Channel. It is also developing a planned carbon capture and storage (CCS) project at the Rio Grande LNG Facility and other potential CCS projects.

About the author

Preview

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.