NextDecade Corporation (NEXT): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how an energy company navigates the complexities of natural gas liquefaction and carbon capture while aiming for a net-zero future? NextDecade Corporation (NEXT), with a market capitalization of $1.79 billion as of April 2025, is doing just that, but what's their story? Keep reading to discover how NextDecade is positioning itself in the global LNG market and what makes its approach unique, especially with its Rio Grande LNG project which is currently under construction.

NextDecade Corporation (NEXT) History

NextDecade's Founding Timeline

Year established

The company was established in 2010.

Original location

The company is headquartered in Houston, Texas.

Founding team members

While specific details about all founding team members are not readily available in the provided search results, Kathleen Eisbrenner is a notable founder and former CEO of the company.

Initial capital/funding

Information regarding the precise initial capital or funding for the company's establishment is not available in the provided search results.

NextDecade's Evolution Milestones

NextDecade's Transformative Moments

• Focus on LNG Export: The strategic decision to focus on developing LNG export facilities, particularly the Rio Grande LNG project in Brownsville, Texas, has been central to the company's growth. This positioned them to capitalize on the increasing global demand for natural gas.
• Securing Key Partnerships and Agreements: Forming long-term sale and purchase agreements (SPAs) with major industry players like Shell and TotalEnergies has been crucial for securing project financing and demonstrating the commercial viability of its LNG projects.
• Adopting Carbon Capture and Storage (CCS): Integrating CCS into the Rio Grande LNG project represents a transformative step towards sustainability. This move not only helps reduce the project's environmental footprint but also aligns with the growing demand for cleaner energy solutions.
• Achieving FID for Rio Grande LNG Train 1: Reaching a positive final investment decision (FID) in 2023 for the first train of the Rio Grande LNG project was a pivotal moment. It allowed the company to commence construction and move closer to operationalizing its LNG export capabilities.

To gain further insights into the company's goals, explore the Mission Statement, Vision, & Core Values of NextDecade Corporation (NEXT).

NextDecade Corporation (NEXT) Ownership Structure

NextDecade Corporation has a mix of institutional and retail ownership, reflecting a blend of investment strategies and stakeholder interests.

NextDecade Corporation's Current Status

NextDecade Corporation is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol NEXT. This allows investors to buy and sell shares of the company, participating in its growth and financial performance.

NextDecade Corporation's Ownership Breakdown

The ownership of NextDecade Corporation is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. Here is a general overview of the ownership breakdown:

NextDecade Corporation's Leadership

The leadership team guides the strategic direction and operational execution of NextDecade. As of April 2025, key figures include:

• Matt Schatzman: Chairman and Chief Executive Officer
• Ivan Bezborodov: Chief Financial Officer

To gain more insight into the guiding principles behind NextDecade, explore: Mission Statement, Vision, & Core Values of NextDecade Corporation (NEXT).

NextDecade Corporation (NEXT) Mission and Values

NextDecade Corporation is committed to delivering lower greenhouse gas emissions through its liquefied natural gas (LNG) projects, fostering a sustainable future and creating value for stakeholders. The company's core values emphasize innovation, sustainability, and responsible operations.

NextDecade's Core Purpose

Official mission statement

NextDecade’s mission statement is to provide the world with lower emission energy.

• Delivering lower greenhouse gas emissions through LNG projects.
• Focusing on a sustainable future.
• Creating value for its stakeholders.

Vision statement

NextDecade aims to be a leader in the energy industry by developing projects that reduce global emissions and promote environmental responsibility. The company envisions a future where natural gas plays a key role in the transition to a cleaner energy economy.

• Leading the energy industry in emissions reduction.
• Promoting environmental responsibility.
• Facilitating the transition to a cleaner energy economy.

Company slogan/tagline

While NextDecade does not have a single, universally publicized slogan, their communications and initiatives emphasize themes of sustainability and innovation in energy solutions.

For more detailed insights, you can explore: Mission Statement, Vision, & Core Values of NextDecade Corporation (NEXT).

NextDecade Corporation (NEXT) How It Works

NextDecade Corporation is focused on developing liquefied natural gas (LNG) projects and is working towards energy security and the global energy transition.

NextDecade's Product/Service Portfolio

NextDecade's Operational Framework

NextDecade operates by developing large-scale LNG projects, focusing on the entire value chain from natural gas sourcing to liquefaction and export. Here are key aspects of their operational framework:

• Project Development: NextDecade identifies and develops LNG projects, including securing land, obtaining permits, and conducting engineering and design work.
• Financing: Securing financing for these multi-billion dollar projects is a critical step, often involving a mix of equity, debt, and strategic partnerships.
• Construction: Once financing is in place, NextDecade oversees the construction of the LNG facility, which includes liquefaction trains, storage tanks, and export terminals.
• Gas Supply: Ensuring a reliable supply of natural gas is essential. This involves securing long-term gas supply agreements with producers.
• LNG Sales and Marketing: NextDecade markets and sells LNG to customers around the world, typically through long-term contracts.
• Carbon Capture and Storage (CCS): NextDecade integrates CCS technologies into its LNG projects to reduce carbon emissions. This involves capturing CO2 from the liquefaction process and storing it permanently underground.

To know more about the company's goals, check this link: Mission Statement, Vision, & Core Values of NextDecade Corporation (NEXT).

NextDecade's Strategic Advantages

NextDecade's strategic advantages in the LNG market include:

• Large-Scale Projects: Developing large-scale LNG projects allows NextDecade to achieve economies of scale and lower per-unit production costs.
• Strategic Location: The location of its projects, such as the Rio Grande LNG facility in Brownsville, Texas, provides access to abundant natural gas reserves and proximity to key markets.
• Carbon Capture and Storage (CCS) Integration: By integrating CCS into its projects, NextDecade can offer lower-carbon LNG, which is increasingly attractive to environmentally conscious buyers.
• Experienced Management Team: A management team with a proven track record in developing and operating LNG projects provides a competitive advantage.
• Long-Term Contracts: Securing long-term LNG sales contracts provides revenue certainty and reduces exposure to short-term price volatility.

NextDecade Corporation (NEXT) How It Makes Money

NextDecade Corporation primarily makes money through the development and operation of liquefied natural gas (LNG) export facilities.

NextDecade's Revenue Breakdown

As a company focused on developing its LNG projects, information on NextDecade's revenue streams is limited, because the company is still in its development phase and has not yet begun full-scale operations, so the table below contains estimated revenue streams based on industry standards for similar companies.

NextDecade's Business Economics

NextDecade's business economics are primarily driven by the global demand for LNG and the company's ability to deliver LNG competitively. Key aspects include:

• LNG Pricing: LNG prices are typically linked to crude oil prices or major natural gas indices such as the Henry Hub in the United States or the Japan Korea Marker (JKM) in Asia. NextDecade aims to secure long-term contracts that provide stable revenue streams.
• Production Costs: The cost of natural gas, liquefaction, and transportation significantly impacts profitability. Efficiency in operations and strategic sourcing of natural gas are crucial.
• Long-Term Contracts: Securing long-term contracts with creditworthy buyers is essential for financing and de-risking the project. These contracts usually span 20 years or more.
• Geopolitical Factors: Global events, trade agreements, and political stability in importing countries can influence demand and pricing.

NextDecade's Financial Performance

NextDecade's financial performance can be evaluated through several key metrics:

• Revenue: Since NextDecade's major project, Rio Grande LNG, is still under construction, the company is not yet generating substantial revenue from LNG sales. However, once operational, revenue will depend on contracted volumes and prevailing LNG prices.
• Operating Costs: Includes costs associated with natural gas procurement, liquefaction, transportation, and operational expenses. Efficient cost management is vital for profitability.
• Net Income/Loss: As of the latest filings in 2024, NextDecade has been reporting net losses as it invests heavily in project development. The transition to profitability will depend on the successful commencement of operations and the ramp-up of LNG sales.
• Capital Expenditures: Significant capital expenditures are required to construct the LNG export facility. Financing these expenditures is a critical aspect of the company's financial strategy.
• Debt and Equity: NextDecade relies on a mix of debt and equity financing to fund its projects. Managing the capital structure and maintaining financial flexibility are important for long-term sustainability.
• Backlog: The total volume of LNG contracted for future delivery provides visibility into future revenue streams. A growing backlog indicates strong demand and de-risks the investment.

To gain more insights into NextDecade's mission, vision, and core values, you can explore: Mission Statement, Vision, & Core Values of NextDecade Corporation (NEXT).

NextDecade Corporation (NEXT) Market Position & Future Outlook

As of April 2025, NextDecade Corporation is strategically positioned to capitalize on the growing global demand for liquefied natural gas (LNG), particularly with its Rio Grande LNG project. The company's future outlook is closely tied to the successful execution of this project and its ability to secure long-term contracts.

Competitive Landscape

Opportunities & Challenges

Industry Position

NextDecade is striving to become a key player in the global LNG market, differentiating itself through sustainable practices.

• The Rio Grande LNG project is central to NextDecade's strategy, aiming to supply 27 million tonnes per annum (mtpa) of LNG.
• Focus on reducing carbon emissions through CCS gives NextDecade a competitive edge as environmental concerns grow.
• Positioning as a 'green LNG' supplier can attract environmentally conscious buyers and investors.

Further insights into the company's financial standing can be found here: Breaking Down NextDecade Corporation (NEXT) Financial Health: Key Insights for Investors