NextDecade Q2 FY26 net loss widens to $60.18 million - NEXT News | RalliesNextDecade Q2 FY26 net loss widens to $60.18 million
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NEXT• Expansion filings
- NextDecade is filing FERC and DOE applications for the Train 6 expansion.
Quarterly results
- NextDecade posted a GAAP net loss attributable to common stockholders of $65.43 million for Q2 2026, widening from $60.87 million a year earlier.
- GAAP operating loss narrowed to $54.57 million from $56.27 million; revenue was unchanged at no revenue.
- GAAP interest expense jumped to $90.78 million from $31.63 million, while derivative gains rose to $116.08 million from $25.16 million.
Rio Grande LNG project update
- Construction progress at Rio Grande LNG reached 74% overall completion for Trains 1 and 2.
- The company still expects first gas in H2 2026.
- It continues to target first LNG production from Train 1 in H1 2027.
