NextDecade Secures LNG Sale and Purchase Deal From TotalEnergies

NextDecade Corporation NEXT recently inked a long-term liquefied natural gas (LNG) supply agreement with TotalEnergies Gas & Power North America, a subsidiary of TotalEnergies SE TTE. Per the terms of the agreement, TotalEnergies will purchase 1.5 million tons per annum (MTPA) of LNG for 20 years on a free-on-board basis at a price indexed to the Henry Hub’s benchmark price.Since TotalEnergies has been a major contributor to the success of Rio Grande LNG Phase 1, NEXT is pleased to expand its partnership with TTE through the execution of this Train 4 agreement.Rio Grande LNG is the largest privately funded LNG project in Texas, situated on a 984-acre site at the Port of Brownsville. The project benefits from its proximity to the Permian Basin and Eagle Ford shale, ensuring a steady supply of natural gas with minimal weather disruptions compared to other locations on the Gulf Coast. For investors, the growth in NEXT’s sale and purchase agreements is of utmost importance as it directly supports a positive FID, leading to faster completion of the project. As NEXT secures new agreements, its near-term outlook gets bolstered, creating a positive trajectory for the company and its stakeholders.A Step Toward a Positive Final Investment DecisionWith this latest sale and purchase agreement, NextDecade, currently carrying a Zacks Rank #3 (Hold), has secured a total of 4.6 MTPA in long-term contracts for Train 4. This deal includes NEXT’s supply agreement with companies such as Saudi Aramco. It believes that these commercial supports are sufficient for it to achieve a positive Final Investment Decision on Train 4.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.What’s Next?For TotalEnergies, which currently exports over 10 MTPA from the entire United States and aims to scale that to 15 MTPA by 2030, this deal will act as a step toward achieving its goal.While NEXT’s Rio Grande LNG project has faced its share of delays, with the first train expected to be completed by 2027, the commitment from TotalEnergies signals strong momentum.With sufficient commercial support now in place, NextDecade is prioritizing the financial and logistical groundwork needed to bring Train 4 online. If successful, this phase could be a turning point for NextDecade and the broader LNG market.Key PicksInvestors interested in the energy sector might look at some top-ranked stocks like Archrock, Inc. AROC and Delek Logistics Partners, LP DKL.Houston-based Archrock is a provider of natural gas contract compression services as well as a supplier of aftermarket services for compression equipment. AROC operates in the oil- and gas-producing regions primarily in the United States. The Zacks Consensus Estimate for AROC’s 2025 earnings indicates 56.19% year-over-year growth.Delek Logistics Partners owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. DKL operates crude oil transportation pipelines, refined product pipelines, crude oil gathering systems and associated crude oil storage tanks. The Zacks Consensus Estimate for DKL’s 2025 earnings indicates 34.45% year-over-year growth.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Delek Logistics Partners, L.P. (DKL): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis Report NextDecade Corporation (NEXT): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks