In Q2 2025, NextDecade continued Phase 1 construction at the Rio Grande LNG Facility, completed commercialization of Train 4, signed key LNG agreements for Trains 4 and 5, and initiated financing processes to support upcoming FIDs.

NextDecade Corporation experienced a net loss of $88.8 million in the first quarter of 2025, a significant decrease from a net income of $28.3 million in the same period last year. This was largely driven by a $427.6 million decrease in unrealized derivative gains. Despite the financial loss, the company made substantial progress in the construction of its Rio Grande LNG Facility, with Trains 1 and 2 reaching 42.8% overall completion and Train 3 at 17.8%.

NextDecade continued construction on Phase 1 of the Rio Grande LNG Facility, with significant progress on Trains 1, 2, and 3. The company also announced development plans for additional liquefaction capacity (Trains 6-8) and secured a $175 million senior secured loan to fund working capital and expansion train development.