---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-030966"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T10:42:15.237160+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NextDecade signs Train 5 EPC with Bechtel for $4.32B, amends Train 4 EPC to $4.768B

## Summary
- Amended Train 4 EPC contract price: $4.768B (incl. ~€278M); new Train 5 EPC price: $4.320B (incl. ~€262M).
- Train 5 scope: one liquefaction train, 180,000m3 LNG tank, ground flare, utilities; design mirrors Phase 1.
- Bechtel must post letter of credit equal to 10% of contract price (5% after substantial completion) and parent guaranty.
- RG5 must show proof of funding before full notice to proceed; deadline for NTP is Dec 15, 2026.
- Liquidated damages for delay and performance; early production bonus if Train 5 completes ahead of schedule.

## SEC filing metadata
- accession: 0001628280-25-030966
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000162828025030966/0001628280-25-030966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000162828025030966/next-20250607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-030966
- JSON: https://secwatch.observer/filing/0001628280-25-030966.json
- Plain text: https://secwatch.observer/filing/0001628280-25-030966.txt

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