NextDecade Corp 2026年季度报告

FORM 10-Q NEXTDECADE CORPORATION (Exact name of registrant as specified in its charter) (713) 574-1880 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of July24, 2026, the issuer had 266,185,433 shares of common stock outstanding. NEXTDECADE CORPORATION FORM 10-Q FOR THE QUARTER ENDED JUNE30, 2026 TABLE OF CONTENTS PageOrganizational StructurePart I. Financial Information2Item 1. Financial Statements2Consolidated Balance Sheets2Consolidated Statements of Operations3Consolidated Statements of Changes in Equity4Consolidated Statements of Cash Flows5Notes to Consolidated Financial Statements6Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3. Quantitative and Qualitative Disclosures About Market Risk22Item 4. Controls and Procedures22Part II. Other Information22Item 1. Legal Proceedings22Item 1A. Risk Factors22Item 2. Unregistered Sales of Equity Securities and Use of Proceeds23Item 3. Defaults Upon Senior Securities23Item 4. Mine Safety Disclosures23Item 5. Other Information23Item 6. Exhibits23Signatures25 Organizational Structure The following diagram depicts our abbreviated organizational structure as of June30, 2026, with references to the names of certain entities discussedin this Quarterly Report on Form 10-Q. Entities displayed in the structure below, other than the Joint Ventures (defined below), are wholly owned by theirparent. PART I – FINANCIAL INFORMATION NextDecade CorporationConsolidated Balance Sheets(in thousands, except share and par value data; unaudited)(1) The accompanying notes are an integral part of these unaudited consolidated financial statements. NextDecade CorporationConsolidated Statements of Operations(in thousands, except per share data; unaudited) NextDecade CorporationConsolidated Statements of Changes in Equity(in thousands; unaudited) NextDecade CorporationConsolidated Statements of Cash Flows(in thousands; unaudited) NextDecade CorporationNotes to Consolidated Financial Statements(unaudited) Note 1 — Background and Basis of Presentation NextDecade Corporation, a Delaware corporation, is a Houston-based energy company primarily engaged in construction and development activitiesrelated to the liquefaction of natural gas and sale of LNG. We are constructing and developing a natural gas liquefaction and export facility located in the RioGrande Valley near Brownsville, Texas (the “Rio Grande LNG Facility”). Construction of Trains 1–3 (“Phase 1”) by Phase 1 LLC, Train 4 by Train 4 LLC, andTrain 5 by Train 5 LLC commenced in July 2023, September 2025, and October 2025, respectively. We are also developing and advancing the permittingprocess for expansion Trains 6 through 8 at the Rio Grande LNG Facility. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles inthe United States of America (“GAAP”) for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all theinformation and disclosures required by GAAP for complete financial statements and should be read in conjunction with the consolidated financial statementsand accompanying notes included in our Annual Report on Form 10-K for the year ended December31, 2025. In our opinion, all adjustments which arenecessary to a fair presentation of the unaudited consolidated financial statements have been included, and all such adjustments are of a normal recurringnature. The results of operations for the three and six months ended June30, 2026 are not necessarily indicative of the operating results fo