secwatch.observer — SEC 8-K summary
======================================

Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001628280-25-030966
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000162828025030966/0001628280-25-030966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000162828025030966/next-20250607.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-030966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer