NextDecade Corporation

NYSE: NEXT

Updated Mar 29, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Midstream · LNG Development

NextDecade Corporation

NextDecade is a Houston-based LNG development company building the Rio Grande LNG facility in Brownsville, Texas.

Founded: 2014
Employees: 200+
Revenue: Pre-revenue (development stage)
HQ: Houston, TX

LNG ExportRio Grande LNGCarbon CaptureNatural Gas Liquefaction

NextDecade Corporation is a Houston-based energy company focused on the development of LNG export projects to provide the world with cleaner energy. The company's primary asset is the Rio Grande LNG project in Brownsville, Texas, which is one of the largest LNG export facilities under construction in the United States. NextDecade has taken FID on the first three trains and is advancing additional phases.

Headquarters

Houston, TX

Founded

2014

Employees

200+

Revenue

Pre-revenue (development stage)

CEO

Matt Schatzman

Website

nextdecade.com

History of NextDecade Corporation

NextDecade was founded in 2014 with the vision of developing a world-class LNG export terminal on the Texas Gulf Coast. After years of development, permitting, and commercial contracting, the company took final investment decision (FID) on Phase 1 of Rio Grande LNG in 2023, with construction now underway.

Operations & Business Segments

NextDecade's Rio Grande LNG facility in Brownsville, Texas, is designed for up to 27 MTPA of LNG production capacity across five trains. Phase 1 (three trains, ~17.6 MTPA) has been sanctioned and is under construction. The project includes proprietary carbon capture and storage technology to reduce its environmental footprint.

Headquarters Location

Houston, TX

Key Specialties & Capabilities

LNG ExportRio Grande LNGCarbon CaptureNatural Gas LiquefactionEnergy TransitionLNG Development

Frequently Asked Questions About NextDecade Corporation

What is Rio Grande LNG?▾

Rio Grande LNG is a large-scale LNG export facility being developed by NextDecade in Brownsville, Texas. Phase 1 has been sanctioned and is under construction, with a capacity of approximately 17.6 MTPA.

Where is NextDecade headquartered?▾

NextDecade Corporation is headquartered in Houston, Texas.

When will Rio Grande LNG begin operations?▾

Rio Grande LNG Phase 1 is under construction and is expected to begin producing LNG in the mid-to-late 2020s, subject to construction timelines.

What does NextDecade Corporation do in Houston?▾

NextDecade Corporation is a midstream company based in Houston, TX. NextDecade is a Houston-based LNG development company building the Rio Grande LNG facility in Brownsville, Texas.

Where is NextDecade Corporation headquartered?▾

NextDecade Corporation is headquartered in Houston, TX, founded in 2014. The company operates in Houston's energy corridor as part of the midstream sector.