NextDecade Corp

NextDecade Corporation's indirect subsidiary, Rio Grande LNG Intermediate HoldCo Borrower, LLC, entered into a Credit Agreement for a $1.0 billion term loan facility. The RGLNG HoldCo Loans, maturing on June 17, 2033, will accrue interest at 7.05% per annum, payable semi-annually. The primary use of proceeds is to make an equity contribution to Rio Grande LNG, LLC to reduce its outstanding credit facility borrowings. The agreement includes customary covenants and security interests.

NextDecade Corporation announced the appointment of John Zuklic as its new Chief Financial Officer, effective July 6, 2026. Mr. Zuklic brings over 30 years of experience in the energy sector, including a recent role as CFO at Citgo Petroleum Corporation. His compensation package includes a $600,000 base salary, a target bonus of 100% of his salary, and a $2.1 million long-term incentive award. Additionally, at its 2026 Annual Meeting, stockholders approved an amendment to the 2017 Omnibus Incentive Plan, increasing available shares by 5 million, elected six directors, approved executive compensation, and ratified KPMG LLP as auditors.

NextDecade Corporation has entered into an amended and restated employment agreement with Matthew Schatzman, its Chairman and CEO, effective April 15, 2026. The new agreement extends his term through April 15, 2029, with automatic one-year renewals. It sets his annual base salary at $1,000,000 and makes him eligible for an annual bonus targeting 130% of his base salary, along with long-term incentive awards. This agreement provides stability in leadership and outlines clear compensation terms.