NextDecade Corporation: Planned Construction Completion Likely To Meet Demand Surge By 2027

2025-12-18 09:11:17 ET

It has not been a smooth ride for natural gas liquefier NextDecade Corporation ( NEXT ), whose shares have declined 24.22% year-over-year (YoY) and 33.46% year-to-date (YTD). However, what caught my eye is that the company has been growing its cash reserves at astronomical levels, now at a high of 448.17% (YoY), despite recording zero revenues as of Q3 2025. I will discuss why I am rating NEXT as hold with the view that the first phase of the RIO Grande LNG project involving trains 1 to 3 is expected to have its first LNG supply in 2027, at the time when the ban on imports of Russian gas is taking effect in the European Union ( EU ). Keeping in mind also that the global LNG market is rapidly expanding with multiple deliveries expected after 2027. Research shows that by 2030, over 170 million tons of global LNG capacity is expected to come online on annual basis with NEXT's Rio Grande being a key project milestone....

Read the full article on Seeking Alpha

For further details see: