NextDecade Shares Dip on Earnings Miss

The LNG company's stock price falls after reporting wider-than-expected quarterly loss.

Apr. 1, 2026 at 4:33pm

Got story updates? Submit your updates here. ›

Shares of NextDecade Corporation (NASDAQ:NEXT) fell sharply on Wednesday after the liquefied natural gas (LNG) company reported a wider-than-expected loss for the latest quarter. The stock opened at $7.33, down from the previous close of $7.66, and traded as low as $7.24 during the session.

Why it matters

NextDecade is developing the Rio Grande LNG export project in Brownsville, Texas, which is one of several proposed LNG facilities along the U.S. Gulf Coast. The company's financial performance and stock price movements are closely watched by investors as an indicator of the broader LNG market conditions and the viability of its project.

The details

NextDecade reported a loss of $0.88 per share for the latest quarter, missing analysts' consensus estimate of a $0.68 per share loss. The company attributed the wider-than-expected loss to increased development costs and other expenses related to the Rio Grande LNG project. Despite the earnings miss, NextDecade maintained that it remains on track to make a final investment decision on the project later this year.

  • NextDecade reported its quarterly results on Friday, February 27, 2026.
  • The company's stock price fell on Wednesday, April 1, 2026.

The players

NextDecade Corporation

A Houston-based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large-scale LNG export facilities.

Rio Grande LNG

NextDecade's flagship LNG export project, located at the Port of Brownsville in southern Texas.

Got photos? Submit your photos here. ›

What’s next

NextDecade is expected to provide an update on the status of the Rio Grande LNG project and its final investment decision timeline when it reports its next quarterly results.

The takeaway

The earnings miss and stock price decline highlight the challenges facing NextDecade and other LNG project developers as they navigate volatile market conditions and rising costs. Investors will be closely watching the company's progress on the Rio Grande LNG project and its ability to secure the necessary financing and approvals to move forward.