NextDecade (NEXT) Slumps Following FID on Rio Grande Train 4

The share price of NextDecade Corporation (NASDAQ:NEXT) fell by 36.01% between September 5 and September 12, 2025, putting it among the Energy Stocks that Lost the Most This Week.

NextDecade Corporation (NASDAQ:NEXT) is an energy company that engages in the construction and development activities related to the liquefaction of natural gas in the United States.

NextDecade Corporation (NASDAQ:NEXT) plunged following reports that the company has made a positive final investment decision on Train 4 at Rio Grande LNG, while Trains 6-8 are currently in the development and permitting process. The LNG developer revealed that it has secured approximately $6.7 billion in committed financing for Train 4, including a $3.85 billion term loan facility, $1.13 billion in equity commitments from NextDecade, and $1.7 billion from investment partners.

However, the dip in stock price indicates that investors remain concerned about NEXT’s long-term profitability assumptions, in addition to the expected share dilution associated with Rio Grande LNG development and the significant increase in debt load.

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Disclosure: None.