NextDecade Corp. (NEXT) Announces Positive Final Investment Decision (FID) on Train 5 at Rio Grande LNG

NextDecade Corp. (NASDAQ:NEXT) is one of the best small cap stocks with the highest upside. On October 16, NextDecade Corp. (NASDAQ:NEXT) announced a positive final investment decision (FID) on Train 5 at Rio Grande LNG, stating that it closed financial transactions to fully fund Train 5 and related infrastructure. The company also issued “full notice to proceed to Bechtel under the Company’s lump-sum, turnkey engineering, procurement, and construction (EPC) contract for Train 5 and related infrastructure”.

NextDecade Corp. (NASDAQ:NEXT) reported that Train 5 has expected LNG production capacity of around 6 million tonnes per annum (MTPA), which brings the total anticipated LNG production capacity under construction at Rio Grande LNG to around 30 MTPA.

It added that Train 5 is “commercially supported by 4.5 MTPA of 20-year LNG Sale and Purchase Agreements (SPAs) with JERA, EQT Corporation, and ConocoPhillips”. NextDecade Corp. (NASDAQ:NEXT) expects the guaranteed substantial completion date for Train 5, along with the “date of first commercial delivery (DFCD) under the Train 5 LNG SPAs”, in the first half of 2031.

Management further reported that the expected project costs for Train 5 and related infrastructure are around $6.7 billion, including EPC costs, owner’s costs, financing fees and interest during construction, contingencies, and other costs.

NextDecade Corp. (NASDAQ:NEXT) is a development company with a focus on liquefied natural gas (LNG) export projects and associated pipelines. The company manages and develops floating and land-based liquefied natural gas projects in the Gulf Coast, with a focus on the Rio Grande LNG.

While we acknowledge the potential of NEXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.