- NextDecade has achieved a **Final Investment Decision (FID)** on **Train five** at Rio Grande LNG, adding approximately **6,000,000 tons per annum** of LNG production capacity.  **[0001612720_2190289_1]** **[0001612720_2190289_2]** 
- The company now has approximately **30,000,000 tons per annum** of LNG production capacity under construction at Rio Grande LNG, with approximately **85% contracted** across Trains one through five.  **[0001612720_2190289_1]** 
- Train five's **$6,660,000,000** total project cost was financed with approximately **60% debt** and **40% equity**, with NextDecade's **$1,290,000,000** equity commitment funded through **$1,300,000,000 in term loans** and over **$230,000,000 in cash**, resulting in **no material impact to common shares outstanding**.  **[0001612720_2190289_1]** **[0001612720_2190289_2]** **[0001612720_2190289_6]** 
- NextDecade reaffirmed its Five Train steady state production and financial guidance, projecting approximately **$800,000,000 per year** in distributable cash flow after the economic flip in Trains four and five.  **[0001612720_2190289_1]** 
- Phase one construction continues to progress safely, **ahead of schedule and on budget**, and the company is developing and permitting **Trains six through eight** with potential FID for Train six as early as **2027**.  **[0001612720_2190289_1]** **[0001612720_2190289_3]**

NextDecade achieves Final Investment Decision for Rio Grande LNG Train five and reaffirms financial guidance

- NextDecade achieved a **positive Final Investment Decision (FID) on Train 5** at Rio Grande LNG, bringing the total LNG production capacity under construction to approximately **30,000,000 tons per annum** across Trains 1-5.  **[0001612720_2190288_1]** 
- The company has closed over **$30,000,000,000** in financings for Trains 1-5, with Train 5's **$6,660,000,000** project cost funded by over **60% debt** and **$2,570,000,000** in equity commitments, including **$1,290,000,000** from NextDecade without material shareholder dilution.  **[0001612720_2190288_1]** **[0001612720_2190288_6]** 
- NextDecade reaffirmed its Five-Train steady state financial guidance, projecting approximately **$800,000,000 per year** in distributable cash flow after the economic flip for Trains 4 and 5, which is expected in the mid-2030s.  **[0001612720_2190288_1]** **[0001612720_2190288_8]** 
- Phase 1 construction is progressing safely, ahead of schedule, and on budget, with the company also developing and permitting Trains 6-8, potentially doubling its production capacity.  **[0001612720_2190288_1]** **[0001612720_2190288_3]** **[0001612720_2190288_20]** 
- NextDecade anticipates continued robust global LNG demand growth, driven by developing countries, energy security, and AI-related power needs, with the global LNG market expected to grow by **40%** by 2030.  **[0001612720_2190288_4]**

NextDecade Achieves FID on Rio Grande LNG Train 5 and Reaffirms Financial Guidance

- **NextDecade achieved a positive Final Investment Decision (FID) for Train 5 of the Rio Grande LNG Facility on October 16, 2025**.  **[0001612720_2189714:8]**  This increases the total LNG production capacity under construction to approximately **30 MTPA**, which is **fully funded with over $31 billion**.  **[0001612720_2189714:8]** **[0001612720_2189714:11]** 
- The **Train 5 project has an expected cost of $6.7 billion**, financed with approximately **60% debt and 40% equity** at the project level.  **[0001612720_2189714:11]**  NextDecade's **$1.29 billion equity commitment for Train 5 is fully funded** using cash and term loans.  **[0001612720_2189714:15]** **[0001612720_2189714:16]** 
- **Approximately 75% of Train 5's ~6 MTPA capacity is contracted** for 20 years, bringing the overall contracted capacity for Trains 1-5 to **~85%**.  **[0001612720_2189714:8]** **[0001612720_2189714:11]**  Train 5 is projected for completion in **1H 2031**.  **[0001612720_2189714:11]** 
- The company reaffirmed its five-train steady state financial guidance, including **annual LNG production volumes of 1,540 TBtu**, Rio Grande LNG Project-Level Adjusted EBITDA of **$3.7 billion**, and Post-Flip NextDecade Distributable Cash Flow of **$0.8 billion**.  **[0001612720_2189714:8]** **[0001612720_2189714:19]**

NextDecade Secures Funding and Final Investment Decision for Rio Grande LNG Train 5

- **NextDecade (NEXT) achieved a positive Final Investment Decision (FID) for Train 5 at Rio Grande LNG**, bringing the total LNG production capacity under construction to approximately **30 million tons per annum**.  **[0001612720_2190283_1]** 
- The company has **closed over $30 billion in financing to fully fund Trains 1-5**, with **85% of capacity contracted** across these trains.  **[0001612720_2190283_1]**  Train 5's equity funding of **$1.29 billion** was financed with **$1.3 billion in term loans and over $230 million in cash**, avoiding material dilution to common shares.  **[0001612720_2190283_1]** **[0001612720_2190283_6]** 
- NextDecade reaffirmed its five Train steady-state financial guidance, projecting **approximately $800 million per year** in distributable cash flow after the economic interest "flip" in Train 5, and an aggregate of **$2 billion** from Train 1 startup (2027) through Train 5 DFCD (H1 2031).  **[0001612720_2190283_1]** **[0001612720_2190283_7]** 
- Phase one construction is **ahead of schedule and on budget**, and the company is developing **Trains 6 through 8**, with Train 6 pre-filing with FERC planned for this year.  **[0001612720_2190283_1]** **[0001612720_2190283_3]** 
- The company has **locked in turbines for Trains 4 and 5**, a critical step that avoids potential one-year delays in project timelines.  **[0001612720_2190283_21]**

NextDecade Achieves Final Investment Decision for Rio Grande LNG Train 5 and Reaffirms Financial Guidance

- NextDecade has approved the construction of Train 5 at its Rio Grande LNG export facility, which will add approximately **6 million tonnes per annum** to its total LNG production capacity, bringing it to about **30 million tonnes per year**.  **[1612720_b7be22d24daf40719766305a8c1c6435]** 
- The **$6.7 billion** project is supported by long-term LNG sale agreements totaling **4.5 million metric tons annually** with major companies and is expected to begin commercial deliveries in the **first half of 2031**.  **[1612720_b7be22d24daf40719766305a8c1c6435]** 
- Financing for Train 5 includes a **$3.59 billion term loan**, **$500 million in private placement notes**, and **$2.6 billion in equity commitments** from NextDecade and partners such as Global Infrastructure Partners, GIC, and Mubadala Investment Company.  **[1612720_b7be22d24daf40719766305a8c1c6435]**

NextDecade Finalizes Funding for Rio Grande LNG Train 5

- NextDecade announced a **positive Final Investment Decision (FID) on Train 5** at Rio Grande LNG on **October 16, 2025**, marking its second FID in just over a month.  **[1612720_0001612720-25-000021_a20251016pressrelease.htm:0]** 
- The **$6.7 billion** project for Train 5, which will add approximately **6 million tonnes per annum (MTPA)** of LNG production capacity, is fully funded through a **$3.59 billion term loan facility**, **$0.50 billion private placement notes**, and **$1.29 billion each in equity commitments** from NextDecade and financial partners.  **[1612720_0001612720-25-000021_a20251016pressrelease.htm:0]** 
- NextDecade's **$1.29 billion equity commitment** for Train 5 is financed using **$233 million of cash on hand** and **$1.33 billion in term loans**, with no material impact to common shares outstanding, and the project is expected to be completed in the **first half of 2031**.  **[1612720_0001612720-25-000021_a20251016pressrelease.htm:0]** 
- In management news, **Luke Boylston was appointed Chief Accounting Officer**, effective October 13, 2025, and **Brent Wahl resigned as Chief Financial Officer**, effective October 20, 2025.  **[1612720_0001612720-25-000021_next-20251013.htm:14]**