---
title: "NextDecade Shares Rebound Toward $8 as Strait of Hormuz Disruption Hits LNG Supply"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292480974.md"
description: "NextDecade (NEXT) shares rebounded toward $8 amid Strait of Hormuz disruptions affecting LNG supply. Iran's strikes damaged Qatar's liquefaction capacity, and the strait closure reduced tanker traffic significantly. NextDecade is developing the Rio Grande LNG plant in Texas, with ADNOC boosting its stake. Citi maintains a Buy rating with an $11 target."
datetime: "2026-07-13T11:22:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292480974.md)
  - [en](https://longbridge.com/en/news/292480974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292480974.md)
generator: "portal-rs"
---

# NextDecade Shares Rebound Toward $8 as Strait of Hormuz Disruption Hits LNG Supply

NextDecade Corporation (NEXT) has quietly recovered toward $8 as markets focus on the Strait of Hormuz and a potential LNG supply shock. According to BeInCrypto, Iran’s strikes damaged close to 20% of Qatar’s liquefaction supply at Ras Laffan during early 2026, and Iran’s navy closed the strait again on July 12, cutting tanker crossings to near 33 a day from about 130 before the war. NextDecade is building the Rio Grande LNG plant in Brownsville, Texas, with about 48 million tonnes of yearly capacity under development and first cargoes due in early 2027; in July, ADNOC investment arm XRG boosted its stake. Citi has a Buy rating and an $11 target set on May 13; the stock trades near $7.99.

### Related Stocks

- [NEXT.US](https://longbridge.com/en/quote/NEXT.US.md)
- [C.US](https://longbridge.com/en/quote/C.US.md)
- [C-R.US](https://longbridge.com/en/quote/C-R.US.md)

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- [How the Iran war could end up causing a burst of deflation](https://longbridge.com/en/news/297064204.md)
- [GRAPHIC-As war strands Qatari gas for 6 months, US sales rise and European stocks plummet](https://longbridge.com/en/news/296987849.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**