NextDecade Corporation's stock soared 6.41% in pre-market trading on Monday, marking a significant gain ahead of the regular session.
The surge follows the company's positive business update, which reported strong construction progress at its Rio Grande LNG Facility, with Trains 1 and 2 plus common facilities reaching 64.5% overall completion. NextDecade also announced the closure of approximately $6.7 billion in Train 5 project financing and expects to begin commissioning activities in 2026, with first LNG production from Train 1 anticipated in the first half of 2027.
Additionally, the broader US LNG sector is experiencing pre-market gains as natural gas prices jump following renewed Middle East conflict, providing tailwinds for companies like NextDecade that are positioned to benefit from increased energy market volatility and demand.