NextDecade Corporation is a Houston-based energy company that constructs and operates the Rio Grande LNG Facility, a natural gas liquefaction and export complex in the Rio Grande Valley near Brownsville, Texas. The company liquefies natural gas using advanced technology and exports it through long-term sale and purchase agreements with creditworthy customers, generating revenue from fixed and variable fees on contracted volumes and spot market sales of uncontracted production. NextDecade's business model involves operating liquefaction trains under joint venture agreements that distribute cash flows based on ownership stakes and partner return thresholds, competing in the global LNG market where it benefits from proximity to major shale gas basins, favorable geographic and operational advantages, and long-term customer commitments that provide stable, inflation-adjusted cash flows.