• NextDecade projects volume-weighted average implied margins on uncontracted volumes above $6 per MMBtu, exceeding base-case guidance by more than $1 per MMBtu.
• The outlook spans Train 1 startup through first commercial delivery under Train 5 long-term SPAs.
• Estimates reflect current forward LNG and U.S. natural gas prices, incorporating approximately 175 TBtu sold in first-quarter 2026.
• First LNG production from Train 1 is expected in the second quarter of 2027.
• Substantial completion is forecast for the third quarter, one quarter ahead of Bechtel’s guaranteed contractual schedule.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextDecade Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029623151) on October 29, 2026, and is solely responsible for the information contained therein.