NextDecade Clarifies Recent News Articles about its Financial Advisors

Rhea-AI Summary

NextDecade Corporation (NASDAQ: NEXT) clarifies its financial advisory relationships amidst recent news. Macquarie Capital (USA) Inc. has been advising NextDecade since Q2 2017, while MUFG Bank, Ltd. became a financial advisor in Q1 2022. Importantly, Societe Generale has not served as an advisor since Q1 2022. NextDecade is focused on advancing sustainable LNG and carbon capture solutions in South Texas, with a 27 MTPA LNG export facility and a significant carbon capture project in North America. The company aims to provide cleaner energy access globally through its subsidiaries and partnerships.

Positive

• Continuing relationship with Macquarie Capital since 2017 enhances credibility.
• MUFG engagement since 2022 strengthens financial advisory support.
• Focus on sustainable LNG and carbon capture aligns with market trends towards cleaner energy.

Negative

• Loss of advisory relationship with Societe Generale may affect strategic guidance.

HOUSTON--(BUSINESS WIRE)-- Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQ: NEXT) is clarifying the following:

• Macquarie Capital (USA) Inc. has been NextDecade’s financial advisor since the second quarter of 2017;
• MUFG Bank, Ltd. (MUFG) has been NextDecade’s financial advisor since the first quarter of 2022; and
• Societe Generale (SocGen) has not been NextDecade’s financial advisor since the first quarter of 2022.

About NextDecade Corporation

NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage (CCS) projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol "NEXT." NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005918/en/

IR@next-decade.com

communications@next-decade.com

Source: NextDecade Corporation

FAQ

What are the current financial advisors for NextDecade Corporation?

As of the latest press release, Macquarie Capital (USA) Inc. has been advising NextDecade since Q2 2017, and MUFG Bank, Ltd. has been an advisor since Q1 2022.

Has Societe Generale been advising NextDecade Corporation recently?

No, Societe Generale has not served as a financial advisor for NextDecade since Q1 2022.

What is NextDecade Corporation focusing on?

NextDecade is focused on advancing sustainable LNG and carbon capture solutions, with key projects in South Texas.

What is the purpose of NextDecade's projects?

NextDecade aims to provide access to cleaner energy and reduce CO2 emissions through its LNG export facility and carbon capture initiatives.

What is the stock symbol for NextDecade Corporation?

NextDecade Corporation is listed on the Nasdaq Stock Market under the symbol 'NEXT'.