NextDecade reports $155.38M net income for 2026 with zero revenue

what happened

NextDecade reported net income of $155.38 million for 2026, compared with a net loss of $109.48 million a year earlier. Revenue was zero in both periods. Diluted earnings per share came to $0.54, against a loss of $0.42 per share a year before. The figures come from SEC filings, as summarised by TradingView.

On the LNG project, Trains 1 through 5 are moving forward, and Phase 1 is running ahead of schedule. First gas is expected before the end of 2026, LNG output from Train 1 in the second quarter of 2027, and substantial completion in the third quarter. Permitting for Train 6 is advancing, and the final environmental review by FERC is expected in June 2027. Early-cargo agreements cover more than 175 TBtu, roughly 33% of expected portfolio volumes from 2027 through early 2029.

why it matters

With no revenue in the report, the market focus is on the startup schedule. The timing of first gas and LNG output determines when new volumes can reach global markets. Early-cargo agreements suggest buyers are already planning for these supplies.

market impact

US gas: new LNG capacity arrives in 2027, a future supply factor for the market

tags

instruments