NextDecadeNASDAQ: NEXT

NextDecade (NEXT) remains committed to advancing carbon capture and storage technology despite withdrawing its CCS application at the Federal Energy Regulatory Commission.

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that its subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding. “We appreciate the FERC's diligence during the review process,” said NextDecade Chairman and CEO Matt Schatzman. “The CCS projec.

NextDecade is a pure LNG play aiming to export first gas by 2027, with Bechtel building Trains 1-3 and an EPC contract for Train 4. Despite the DC Circuit overturning FERC site permit, NextDecade remains on site, building Phase 1 (17mpta) of the Rio Grande LNG project. The stock down 35% in the past week, offering a potential buying opportunity with future cash flows from Trains 4 and 5, but significant risks remain.

The average of price targets set by Wall Street analysts indicates a potential upside of 28.5% in NextDecade (NEXT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

NextDecade (NEXT) and Aramco negotiate the terms for a binding agreement. The deal is subject to NextDecade securing a final investment decision for Train 4.

HOUSTON, Texas & DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Aramco, one of the world's leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (Nasdaq: NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. Under the terms of the HoA, Aramco.

NextDecade (NEXT) signs a 20-year LNG offtake agreement with ADNOC for Train 4 of the Rio Grande LNG project along with the acquisition of a minority stake in Phase 1.

Analysts' price targets for NextDecade (NEXT) suggest a potential 32.6% increase in the stock. Although this metric has not always been reliable, the consensus among analysts in increasing earnings estimates does indicate a positive outlook for the stock.

NextDecade's (NEXT) Rio Grande project, sprawling over 984 acres, is designed to produce lower carbon-intensive LNG for global markets.