NextDecade stock gains 1.07 percent to EUR 5.68 pre-market

Published on 09/30/2026 at 08:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NextDecade stock advances after a September 29, 2026 permit for proposed Rio Grande LNG Train 6. Q2 EPS loss of USD 0.25 beat the USD 0.66 consensus.

NEXT, US65342K1051, Illustration mit AI erstellt.

NextDecade stock (ISIN US65342K1051) was trading at EUR 5.68 at Lang & Schwarz on September 30, 2026 at 7:55 a.m. CEST, up 1.07 percent versus the September 29 prior close of EUR 5.62. The move follows a new permitting step for the company's flagship Rio Grande LNG project.

Train 6 clears a permit hurdle

NextDecade received a U.S. Army Corps of Engineers permit for Train 6, a proposed sixth production unit at the Brownsville Ship Channel facility, RGV Business Journal reported on September 29, 2026. The permit advances the expansion, but NextDecade has not committed to construction.

The company is targeting the second half of 2027 for a potential positive final investment decision on Train 6, according to the same September 29 report. That date gives the market a concrete project checkpoint, while the permit itself does not yet represent additional operating capacity.

Loss beats the quarterly estimate

NextDecade reported a quarterly EPS loss of USD 0.25 for Q2 2026, compared with the consensus estimate of a USD 0.66 loss, a USD 0.41 improvement versus expectations, MarketBeat reported on September 25, 2026. The result remains a loss, but the variance against consensus is the clearest quantified earnings signal in the latest reported quarter.

MarketBeat also reported a consensus Hold rating from six analysts and an average 12-month price target of USD 8.10 on September 25, 2026. NextDecade's Rio Grande LNG development therefore remains the central valuation driver, with Train 6 still at the permitting and decision stage rather than in construction.

Stock remains below its yearly high

NextDecade had a market capitalization of USD 1.7 billion as of September 29, 2026. Its 52-week range was USD 4.75 to USD 9.24, placing the Lang & Schwarz euro quote in a market picture defined by project execution and continued losses.

NextDecade describes itself as focused on natural gas liquefaction capacity at Rio Grande LNG, according to its investor relations page. The company lists Nasdaq under the ticker NEXT and identifies Rio Grande LNG as its core development platform.