---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-035897"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:57:09.603603+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NextDecade signs $4.327B EPC contract with Bechtel for Rio Grande LNG Train 4

## Summary
- Contract price $4.327B for lump sum turnkey EPC of Train 4, including €263.9M in euro-denominated equipment.
- Bechtel to build one LNG train, 180,000m³ tank, ground flare, and utilities for Trains 4 and 5.
- Performance guarantees, liquidated damages for delay, early production bonus for early completion.
- Bechtel must provide 10% letter of credit and parent company guaranty; maximum force majeure cost adjustment capped at $25M.
- RG4 must demonstrate sufficient funds or firm lender commitments before full notice to proceed; limited notice to proceed until Dec 15, 2026.

## SEC filing metadata
- accession: 0001628280-24-035897
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000162828024035897/0001628280-24-035897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000162828024035897/next-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-035897
- JSON: https://secwatch.observer/filing/0001628280-24-035897.json
- Plain text: https://secwatch.observer/filing/0001628280-24-035897.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.