Yahoo Finance
On May 14, 2026, Ripple Effect Asset Management disclosed a first-quarter purchase of 739,723 shares ofNextDecade(NASDAQ:NEXT), an estimated $4.21 million trade based on quarterly average pricing.
In aSEC filingdated May 14, 2026, Ripple Effect Asset Management LP reported buying 739,723 additional shares ofNextDecade(NASDAQ:NEXT)during the first quarter.
The estimated transaction value was $4.21 million, calculated using the period’s average share price.
The fund’s quarter-end position in NextDecade rose to 1,339,723 shares, with the value increasing by $7.10 million due to both the purchase and stock price changes.
NYSE: XIFR: $26.96 million (18.8% of AUM) NYSEMKT: IE: $14.66 million (10.2% of AUM) As of May 13, 2026, NextDecade shares were priced at $8.54, up 3% over the past year and well underperforming the S&P 500, which is up 28% in the same period.
NextDecade develops liquefied natural gas (LNG) export terminals and carbon capture and storage (CCS) projects, with the flagship Rio Grande LNG facility in Texas.
The firm engages in development, liquefaction, and sale of LNG, and in providing CO2 capture and storage solutions for industrial customers, but reported $0 in LTM revenue as of March 31, 2026.
It serves international LNG buyers and industrial clients seeking decarbonization, with operations focused on the U.S.
NextDecade is an energy infrastructure developer focused on LNG export and carbon capture projects, based in Houston, Texas.
Gulf Coast and focuses on the development of the Rio Grande LNG terminal and CCS projects with third-party industrial facilities.
Though it’s important to note Ripple Effect also holds some put options for NextDecade, it appears the fund might believe the market hasn’t fully priced in the firm’s potential.NextDecade's Rio Grande LNG projectcontinues movingsteadily toward commercialization.
As of March, Trains 1 and 2 were nearly 68% complete, while management said the broader Phase 1 project remains ahead of schedule.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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