NextDecade gains as Rio Grande LNG plans advance

Nextdecade

02/03/2026 13:46

** Shares of LNG company NextDecade NEXT.O up ~11% at $5.97 premarket

** Co expects to file a full application for Train 6 by mid-2026 and advance the development of Trains 7 and 8 throughout the year

** "We expect first LNG production from Train 1 in the first half of 2027," says CEO Matt Schatzman

** Adds there is sufficient space at the Rio Grande LNG Facility for up to 10 liquefaction trains

** U.S. natural gas futures NGc1 up 6.4% at $3.03 mmBtu

** As of last close, NEXT up 2.3% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))