---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-039408"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:29:31.807758+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NextDecade secures $3B equity commitments for Rio Grande LNG Train 4 with TotalEnergies and GIP

## Summary
- TotalEnergies commits $0.3B for 10% equity; financial investor commits $1.5B for 50% (drops to 30%); NextDecade commits $1.2B for 40% (rises to 60%).
- Closing subject to final investment decision on Train 4, definitive financing, and no material adverse change.
- Potential accession of MIC TI Holding Company 2 as additional financial investor member owner.
- Agreements include customary representations, warranties, and indemnification provisions.

## SEC filing metadata
- accession: 0001628280-25-039408
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000162828025039408/0001628280-25-039408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000162828025039408/next-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-039408
- JSON: https://secwatch.observer/filing/0001628280-25-039408.json
- Plain text: https://secwatch.observer/filing/0001628280-25-039408.txt

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