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NextDecade jumps as FERC approves Rio Grande LNG capacity uprate, posts quarterly profit

By Reuters News

** Shares of LNG producer NextDecade NEXT.O rise ~10% to $7.15

** NEXT expects first LNG production from its Train 1 in Q2 2027, and completion in Q3 2027

** Says regulator has approved uprate for trains 1-5 to 30.15 mtpa from 27 mtpa

** NEXT developing Trains 7 and 8 on the western end of the Rio Grande LNG Facility site, expects to pre-file with regulator, FERC, for them before year-end

** Earlier this year, NEXT said it was evaluating multiple areas on the site for development of Trains 7 and 8

** Co also posts Q3 net income attributable to common stockholders of $155.4 million, compared to loss of $109.5 million from a year ago

** Including session's move, stock up 34.6% YTD

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