NASDAQ$NEXT

NextDecade Corporation · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

NextDecade reported Q2 2026 business update highlighting construction progress at Rio Grande LNG and financing activities.

NextDecade Corporation provided an update on its Rio Grande LNG project development for the second quarter ended June 30, 2026. The company remains in the pre-operational phase with ongoing construction on Trains 1-5 and advancement of Train 6 permitting. Key financial activities included additional note issuances and a $3.5 billion senior secured notes offering to refinance credit facilities.

  • Construction on Trains 1-2 reached 74.0% overall completion as of June 2026, with engineering at 99.1%.
  • Train 3 overall completion at 50.4%, with first LNG production still expected in first half of 2027.
  • Filed FERC application for Train 6; environmental review schedule supports FID in second half of 2027.
  • Completed $3.5 billion senior secured notes offering and other financings to support project development.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$0.25

Previous: -$0.23-8.7%
Trains 1-2 Overall Completion

74.0%

Previous: 48.3%+53.2%
Trains 1-2 Engineering

99.1%

Previous: 91.9%+7.8%
Trains 1-2 Construction

58.9%

Previous: 21.2%+177.8%
Train 3 Overall Completion

50.4%

Previous: 22.7%+122.0%
Train 3 Engineering

96.5%

Previous: 55.7%+73.2%
Train 3 Procurement

90.2%

Previous: 45.5%+98.2%
Train 3 Construction

17.4%

Previous: 2.2%+690.9%
Trains 1-2 Procurement

97.8%

Previous: 80.6%+21.3%
Additional Capacity (Trains 6-8)

18

Previous: 18.0M-100.0%
Net Income

-$65.4M

Previous: -$316M+79.3%
Operating Income

$0.00

Previous: $0.00

Revenue & EPS history

NextDecade · Revenue · Quarterly

$0

Q2 2026

Forward guidance

First LNG production expected in first half of 2027; Train 6 FID targeted for second half of 2027.

Tailwinds

  • Construction ahead of schedule and within budget
  • FERC environmental review schedule supports development timeline

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.1%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+4.8%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+22.5%

Q1 2020

Best reaction

-10.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+1.8%+2.6%+2.9%
Q4 2025+4.1%+4.3%+36.2%
Q3 2025+0.7%+3.9%+4.6%
Q2 2025-2.4%-3.3%-5.6%
Q1 2025+1.6%-2.6%+8.8%
Q4 2024-1.7%-3.7%+0.5%
Q3 2024+3.4%+3.6%+1.9%
Q2 2024-4.4%-6.7%-3.4%
Q1 2024+3.5%+7.5%+18.6%
Q4 2023-0.8%+5.4%+17.3%
Q3 2023+12.6%+11.2%+9.1%
Q2 2023+5.2%+6.9%+2.1%
Q1 2023-1.1%+2.5%+0.3%
Q4 2022-10.3%-27.6%-23.1%
Q3 2022+4.3%-6.1%-29.5%
Q2 2022+3.3%+6.9%-13.2%
Q1 2022+14.7%+36.0%+17.1%
Q4 2021-2.4%+9.1%-7.1%
Q3 2021-1.5%+2.6%-20.2%
Q2 2021-7.6%-8.5%+0.0%
Q1 2021-5.7%-2.4%+103.3%
Q4 2020+21.5%+22.5%+6.4%
Q3 2020-3.7%+1.6%+6.1%
Q2 2020-4.0%-3.3%-11.9%
Q1 2020+22.5%+22.5%+85.0%
Q4 2019-3.6%-23.3%-46.5%
Q3 2019+1.3%+2.5%+2.8%
Q2 2019+1.6%+4.5%+25.6%
Q1 2019-1.1%-2.4%+9.3%
Q3 2018-0.8%-7.8%-7.8%
Q2 2018-1.7%+2.8%-6.3%
Q1 2018+0.0%-6.8%+19.6%
Q3 2017-5.8%-1.7%-32.5%
Q4 2016+0.3%+0.2%+0.4%
Q2 2016-1.9%-1.9%-1.4%
Q1 2016+0.5%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015

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