NextDecade (NEXT) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 10, 2023
Document Information [Line Items]
Entity Central Index Key	0001612720
Entity Registrant Name	NextDecade Corp.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-36842
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-5723951
Entity Address, Address Line One	1000 Louisiana Street, Suite 3900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	574-1880
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	NEXT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		241,428,210

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 40,012	$ 62,789
Prepaid expenses and other current assets	13,328	1,149
Total current assets	53,340	63,938
Property, plant and equipment, net	266,427	218,646
Operating lease right-of-use assets, net	951	1,474
Other non-current assets, net	32,068	28,372
Total assets	352,786	312,430
Current liabilities
Accounts payable	12,815	1,084
Accrued liabilities and other current liabilities	19,762	23,184
Current common stock warrant liabilities	8,702	0
Current derivative liability	3,395	0
Current operating lease liabilities	634	1,093
Total current liabilities	45,308	25,361
Non-current common stock warrant liabilities	3,910	6,790
Non-current operating lease liabilities	331	465
Non-current derivative liability	84,055	0
Other non-current liabilities	23,000	23,000
Total liabilities	156,604	55,616
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit)
Common stock, $0.0001 par value Authorized: 480.0 million shares at June 30, 2023 and December 31, 2022; Issued and outstanding: 157.5 million shares and 143.5 million shares at June 30, 2023 and December 31, 2022, respectively	16	14
Treasury stock: 1,003,174 shares and 991,089 shares at June 30, 2023 and December 31, 2022, respectively, at cost	(4,657)	(4,587)
Preferred stock, $0.0001 par value Authorized: 0.5 million, after designation of the Convertible Preferred Stock Issued and outstanding: none at June 30, 2023 and December 31, 2022	0	0
Additional paid-in-capital	362,735	289,084
Accumulated deficit	(377,776)	(230,140)
Total stockholders’ equity (deficit)	(19,682)	54,371
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	352,786	312,430
Series A Convertible Preferred Stock [Member]
Current liabilities
Convertible Preferred Stock	78,056	73,026
Series B Convertible Preferred Stock [Member]
Current liabilities
Convertible Preferred Stock	78,206	73,408
Series C Convertible Preferred Stock [Member]
Current liabilities
Convertible Preferred Stock	$ 59,602	$ 56,009

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	480,000	480,000
Common stock, shares issued (in shares)	157,500	143,500
Common stock, shares outstanding (in shares)	157,500	143,500
Treasury stock, common shares (in shares)	1,003,174	991,089
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	500	500
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series A Convertible Preferred Stock [Member]
Temporary equity, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Temporary equity, shares issued (in shares)	87,978	82,948
Temporary equity, shares outstanding (in shares)	87,978	82,948
Series B Convertible Preferred Stock [Member]
Temporary equity, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Temporary equity, shares issued (in shares)	84,037	79,239
Temporary equity, shares outstanding (in shares)	84,037	79,239
Series C Convertible Preferred Stock [Member]
Temporary equity, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Temporary equity, shares issued (in shares)	62,959	59,366
Temporary equity, shares outstanding (in shares)	62,959	59,366

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses
General and administrative expense	26,795	11,293	53,067	14,616
Development expense, net	418	1,193	882	2,738
Lease expense	325	290	662	509
Depreciation expense	38	42	75	89
Total operating expenses	27,576	12,818	54,686	17,952
Total operating loss	(27,576)	(12,818)	(54,686)	(17,952)
Other income (expense)
(Loss) gain on common stock warrant liabilities	(5,455)	1,886	(5,822)	(4,418)
Derivative loss	(87,450)	0	(87,450)	0
Other, net	192	20	322	21
Total other expense	(92,713)	1,906	(92,950)	(4,397)
Net loss attributable to NextDecade Corporation	(120,289)	(10,912)	(147,636)	(22,349)
Preferred stock dividends	(6,754)	(5,774)	(13,454)	(11,529)
Net loss attributable to common stockholders	$ (127,043)	$ (16,686)	$ (161,090)	$ (33,878)
Net loss per common share - basic and diluted (in dollars per share)	$ (0.84)	$ (0.13)	$ (1.08)	$ (0.27)
Weighted average shares outstanding - basic and diluted (in shares)	150,933	126,314	148,943	123,835

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity and Convertible Preferred Stock (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Treasury Stock, Common and Preferred [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Series A Convertible Preferred Stock [Member]	Series B Convertible Preferred Stock [Member]	Series C Convertible Preferred Stock [Member]	Total
Balance (in shares) at Dec. 31, 2021	120,838	346
Balance at Dec. 31, 2021	$ 12	$ (1,315)	$ 191,264	$ (170,069)	$ 63,791	$ 64,602	$ 40,007	$ 19,892
Share-based compensation			515					515
Restricted stock vesting (in shares)	1,673
Shares repurchased related to share-based compensation (in shares)	(396)	396
Shares repurchased related to share-based compensation		$ (1,752)						(1,752)
Issuance of common stock, net (in shares)	4,618
Issuance of common stock, net			29,935				9,836	29,936
Preferred stock dividends			(11,529)		4,468	4,261	2,761	(11,529)
Net income				(22,349)				(22,349)
Exercise of common stock warrants (in shares)	521	0
Exercise of common stock warrants	$ 0	$ 0	3,564	0	0	0	0	3,564
Balance (in shares) at Jun. 30, 2022	127,254	742
Balance at Jun. 30, 2022	$ 13	$ (3,067)	213,749	(192,418)	68,259	68,863	52,604	18,277
Balance (in shares) at Mar. 31, 2022	121,554	541
Balance at Mar. 31, 2022	$ 12	$ (1,779)	183,138	(181,506)	66,016	66,725	51,230	(135)
Share-based compensation			2,886					2,886
Restricted stock vesting (in shares)	762
Shares repurchased related to share-based compensation (in shares)	(201)	201
Shares repurchased related to share-based compensation		$ (1,288)						(1,288)
Issuance of common stock, net (in shares)	4,618
Issuance of common stock, net	$ 1		29,935					29,936
Preferred stock dividends			(5,774)		2,243	2,138	1,374	(5,774)
Net income				(10,912)				(10,912)
Exercise of common stock warrants (in shares)	521	0
Exercise of common stock warrants	$ 0	$ 0	3,564	0				3,564
Balance (in shares) at Jun. 30, 2022	127,254	742
Balance at Jun. 30, 2022	$ 13	$ (3,067)	213,749	(192,418)	68,259	68,863	52,604	18,277
Balance (in shares) at Dec. 31, 2022	143,549	991
Balance at Dec. 31, 2022	$ 14	$ (4,587)	289,084	(230,140)	73,026	73,408	56,009	54,371
Share-based compensation			12,120					12,120
Restricted stock vesting (in shares)	96
Shares repurchased related to share-based compensation (in shares)	(12)	12
Shares repurchased related to share-based compensation		$ (70)						(70)
Issuance of common stock, net (in shares)	13,861	0
Issuance of common stock, net	$ 2	$ 0	74,985	0	0	0	0	74,987
Preferred stock dividends			(13,454)		5,030	4,798	3,593	(13,454)
Net income				(147,636)				(147,636)
Balance (in shares) at Jun. 30, 2023	157,494	1,003
Balance at Jun. 30, 2023	$ 16	$ (4,657)	362,735	(377,776)	78,056	78,206	59,602	(19,682)
Balance (in shares) at Mar. 31, 2023	149,431	1,000
Balance at Mar. 31, 2023	$ 15	$ (4,634)	318,942	(257,487)	75,532	75,798	57,799	56,836
Share-based compensation			10,561					10,561
Restricted stock vesting (in shares)	40
Shares repurchased related to share-based compensation (in shares)	(3)	3
Shares repurchased related to share-based compensation		$ (23)						(23)
Issuance of common stock, net (in shares)	8,026
Issuance of common stock, net			39,986					39,987
Preferred stock dividends			(6,754)		2,524	2,408	1,803	(6,754)
Net income				(120,289)				(120,289)
Balance (in shares) at Jun. 30, 2023	157,494	1,003
Balance at Jun. 30, 2023	$ 16	$ (4,657)	$ 362,735	$ (377,776)	$ 78,056	$ 78,206	$ 59,602	$ (19,682)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net loss attributable to NextDecade Corporation	$ (147,636)	$ (22,349)
Adjustment to reconcile net loss to net cash used in operating activities
Depreciation	75	89
Share-based compensation expense	12,340	515
Loss on common stock warrant liabilities	5,822	4,418
Derivative loss	87,450	0
Amortization of right-of-use assets	523	330
Amortization of other non-current assets	0	354
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(51)	(166)
Accounts payable	309	432
Operating lease liabilities	(593)	(266)
Accrued expenses and other liabilities	557	(832)
Net cash used in operating activities	(41,204)	(17,475)
Investing activities:
Acquisition of property, plant and equipment	(52,953)	(2,602)
Acquisition of other non-current assets	(3,518)	(3,608)
Net cash used in investing activities	(56,471)	(6,210)
Financing activities:
Proceeds from sale of Series C Convertible Preferred Stock	0	10,500
Proceeds from sale of common stock	75,000	30,000
Equity issuance costs	0	(76)
Preferred stock dividends	(32)	(39)
Shares repurchased related to share-based compensation	(70)	(1,752)
Net cash provided by financing activities	74,898	38,633
Net (decrease) increase in cash and cash equivalents	(22,777)	14,948
Cash and cash equivalents – beginning of period	62,789	25,552
Cash and cash equivalents – end of period	40,012	40,500
Non-cash investing activities:
Accounts payable for acquisition of property, plant and equipment	7,066	777
Accrued liabilities for acquisition of property, plant and equipment	0	1,227
Accrued liabilities for acquisition of other non-current assets	457	0
Non-cash financing activities:
Paid-in-kind dividends on Convertible Preferred Stock	13,421	11,490
Accounts payable for debt and equity issuance costs	4,473	0
Accrued liabilities for debt and equity issuance costs	$ 7,627	$ 9

Note 1 - Background and Basis o

Note 1 - Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	Note 1 NextDecade Corporation (“we” or the “Company”) engages in development activities related to the liquefaction and sale of liquefied natural gas (“LNG”) and the capture and storage of CO 2 third In July 2023, first three 1” 16 Subsequent Events 16 Subsequent Events Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with Rule 10 01 X. not 10 December 31, 2022 three six June 30, 2023 not Certain reclassifications have been made to conform prior period information to the current presentation. The reclassifications did not The Company has incurred operating losses since its inception and management expects operating losses and negative cash flows to continue for the foreseeable future and, as a result, the Company will require additional capital to fund its operations and execute its business plan. As of June 30, 2023 may not one 1 1 July 12, 2023. 10 Stockholders' Equity not twelve The Company plans to alleviate the going concern issue by obtaining sufficient funding through additional equity, equity-based or debt instruments or any other means and managing certain operating and overhead costs. The Company's ability to raise additional capital in the equity and debt markets, should the Company choose to do so, is dependent on a number of factors, including, but not no These consolidated financial statements have been prepared on a going concern basis and do not may no

Note 2 - Prepaid Expenses and O

Note 2 - Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Prepaid Expense and Other Current Assets [Text Block]	Note 2 Prepaid expenses and other current assets consisted of the following (in thousands): June 30, December 31, 2023 2022 Prepaid subscriptions $ 578 $ 423 Prepaid insurance 157 619 Prepaid marketing and sponsorships 246 — Debt and equity issuance costs 12,088 — Other 259 107 Total prepaid expenses and other current assets $ 13,328 $ 1,149

Note 3 - Sale of Equity Interes

Note 3 - Sale of Equity Interests in Rio Bravo	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 3 On March 2, 2020, February 13, 2020, five Pursuant to the RBPL Precedent Agreement, Rio Bravo agreed to provide Rio Grande Gas Supply with firm natural gas transportation services on the Pipeline in a quantity sufficient to match the full operational capacity of each proposed liquefaction train of the Terminal. Under the RBPL Precedent Agreement, in consideration for the provision of such firm transportation services, Rio Bravo will be remunerated on a dollar-per-dekatherm, take-or-pay basis, subject to certain adjustments, over a term of at least twenty Pursuant to the VCP Precedent Agreement, VCP agreed to provide Rio Grande Gas Supply with natural gas transportation services on the Valley Crossing Pipeline in a quantity sufficient to match the commissioning requirements of each proposed liquefaction train of the Terminal. VCP’s obligation to construct, install, own, operate and maintain the necessary interconnection to the Terminal and the Pipeline is conditioned on its receipt, no December 31, 2024, If Rio Grande or its affiliate fails to issue a full notice to proceed to the EPC Contractor on or prior to December 31, 2024, not not June 30, 2023

Note 4 - Property, Plant and Eq

Note 4 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 4 Property, plant and equipment consisted of the following (in thousands): June 30, December 31, 2023 2022 Fixed Assets Computers $ 779 $ 780 Furniture, fixtures, and equipment 610 610 Leasehold improvements 101 101 Total fixed assets 1,490 1,491 Less: accumulated depreciation (1,081 ) (1,006 ) Total fixed assets, net 409 485 Project Assets (not placed in service) Terminal 245,001 197,144 Pipeline 21,017 21,017 Total Terminal and Pipeline assets 266,018 218,161 Total property, plant and equipment, net $ 266,427 $ 218,646 Depreciation expense was $38 thousand and $42 thousand for the three June 30, 2023 2022 six June 30, 2023 2022

Note 5 - Derivatives

Note 5 - Derivatives	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 5 In June 2023, 1 1 June 30, 2023, Initial Notional Amount Maximum Notional Amount Maturity Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received $ 86,000 $ 5,905,000 March 28, 2049 3.2% USD - SOFR The Contingent Interest Rate Swaps are not The Company values the Contingent Interest Rate Swaps using valuations based on the initial trade prices. Using an income-based approach, subsequent valuations are based on observable inputs to the valuation model including interest rate curves, risk adjusted discount rates, credit spreads and other relevant data. The fair value of the Contingent Interest Rate Swaps is approximately $(87.5) million as of June 30, 2023, 2

Note 6 - Leases

Note 6 - Leases	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 6 Our leased assets consist of office space. Operating lease right-of-use assets are as follows (in thousands): June 30, December 31, 2023 2022 Office leases $ 951 $ 1,474 Total operating lease right-of-use assets, net $ 951 $ 1,474 Operating lease liabilities are as follows (in thousands): June 30, December 31, 2023 2022 Office leases $ 634 $ 1,093 Total current lease liabilities $ 634 $ 1,093 Non-current office leases 331 465 Total lease liabilities $ 965 $ 1,558 Operating lease expense is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Office leases $ 300 $ 221 $ 609 $ 378 Total operating lease expense 300 221 609 378 Short-term lease expense 25 69 53 131 Total lease expense $ 325 $ 290 $ 662 $ 509 Maturity of operating lease liabilities as of June 30, 2023 2023 (remaining) $ 652 2024 270 2025 248 2026 — 2027 — Thereafter — Total undiscounted lease payments 1,170 Discount to present value (205 ) Present value of lease liabilities $ 965 Weighted average remaining lease term - years 1.9 Weighted average discount rate - percent 12.0 Other information related to our operating leases is as follows (in thousands): Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities: Cash flows from operating activities $ 593 $ 288 Noncash right-of-use assets recorded for operating lease liabilities: In exchange for new operating lease liabilities during the period — 1,332

Note 7 - Other Non-current Asse

Note 7 - Other Non-current Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Assets Disclosure [Text Block]	Note 7 Other non-current assets consisted of the following (in thousands): June 30, December 31, 2023 2022 Permitting costs (1) $ 9,006 $ 8,540 Rio Grande Site Lease initial direct costs 22,877 19,647 Deposits and other 185 185 Total other non-current assets, net $ 32,068 $ 28,372 ( 1 Permitting costs primarily represent costs incurred in connection with permit applications to the United States Army Corps of Engineers and the U.S. Fish and Wildlife Service for mitigation measures for potential impacts to wetlands and habitat that may

Note 8 - Accrued Liabilities an

Note 8 - Accrued Liabilities and Other Current Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 8 Accrued expenses and other current liabilities consisted of the following (in thousands): June 30, December 31, 2023 2022 Employee compensation expense $ 4,877 $ 6,650 Terminal costs — 12,046 Debt and equity issuance costs 7,627 — Permitting costs 457 279 Accrued legal services 5,990 3,124 Share-based compensation liability 403 182 Other accrued liabilities 408 903 Total accrued liabilities and other current liabilities $ 19,762 $ 23,184

Note 9 - Preferred Stock and Co

Note 9 - Preferred Stock and Common Stock Warrants	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
PreferredStockAndWarrants [Text Block]	9 – Preferred Stock and Common Stock Warrants Preferred Stock As of December 31, 2022, The shares of Convertible Preferred Stock bear dividends at a rate of 12% per annum, which are cumulative and accrue daily from the respective dates of issuance on the $1,000 stated value per share. Such dividends are payable quarterly and may six June 30, 2023 2022 July 13, 2023, June 15, 2023. July 17, 2023, As of June 30, 2023 The Company has the option to convert all, but not ten tenth 10th Common Stock Warrants The Company issued warrants exercisable to purchase Company common stock in connection with its issuances of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock (collectively, the “Common Stock Warrants”). The Company revalues the Common Stock Warrants at each balance sheet date and recognized a loss of $5.5 million and a gain of $1.9 million during the three June 30, 2023 2022, six June 30, 2023 2022 3 The assumptions used in the Monte Carlo simulation model to estimate the fair value of the Common Stock Warrants are as follows: June 30, December 31, 2023 2022 Stock price $ 8.21 $ 4.94 Exercise price $ 0.01 $ 0.01 Risk-free rate 5.0 % 4.6 % Volatility 46.7 % 52.5 % Term (years) 1.0 1.5

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Equity [Text Block]	10 Common Stock Purchase Agreement On February 3, 2023 , five On June 13, 2023, three 1 2 1 2 3 1 2 June 14, 2023, 1

Note 11 - Net Loss Per Share

Note 11 - Net Loss Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 11 The following table (in thousands, except for loss per share) reconciles basic and diluted weighted average common shares outstanding for each of the three six June 30, 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Weighted average common shares outstanding: Basic 150,933 126,314 148,943 123,835 Dilutive unvested stock, convertible preferred stock, Common Stock Warrants and IPO Warrants — — — — Diluted 150,933 126,314 148,943 123,835 Basic and diluted net loss per share attributable to common stockholders $ (0.84 ) $ (0.13 ) $ (1.08 ) $ (0.27 ) Potentially dilutive securities not Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Unvested stock and stock units (1) 2,014 1,981 2,033 1,666 Convertible preferred stock 57,039 41,725 56,239 40,159 Common Stock Warrants 1,448 1,474 1,414 1,463 IPO Warrants (2) — 12,082 — 12,082 Total potentially dilutive common shares 60,501 57,262 59,686 55,370 ( 1 Includes the impact of unvested shares containing performance conditions to the extent that the underlying performance conditions are satisfied based on actual results as of the respective dates. ( 2 The IPO Warrants were issued in connection with our initial public offering in 2015 July 24, 2022.

Note 12 - Share-based Compensat

Note 12 - Share-based Compensation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 12 We have granted shares of Company common stock, restricted Company common stock and restricted stock units to employees, consultants and non-employee directors under our 2017 “2017 Total share-based compensation consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Share-based compensation expense: Equity awards $ 10,561 $ 2,886 $ 12,120 $ 515 Liability awards 220 — 220 — Total share-based compensation expense $ 10,781 $ 2,886 $ 12,340 $ 515

Note 13 - Income Taxes

Note 13 - Income Taxes	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 13 Due to our cumulative loss position, we have established a full valuation allowance against our deferred tax assets at June 30, 2023 December 31, 2022 not six June 30, 2023 2022

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 14 Obligation under LNG Sale and Purchase Agreement In March 2019, 20 two million first three In the first 2020, first Other Commitments On March 6, 2019, April 20, 2022, May 6, 2023 ( May 6, 2024, no May 6, 2023. April 24, 2023. In connection with the Rio Grande Site Lease Amendment, Rio Grande is committed to pay approximately $1.6 million per quarter to the BND through the earlier of the Effective Date and lease commencement. Legal Proceedings From time to time the Company may June 30, 2023 not not

Note 15 - Recent Accounting Pro

Note 15 - Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	Note 15 The following table provides a brief description of recent accounting standards that have been adopted by the Company during the reporting period: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2020 06, Subtopic 470 20 Subtopic 815 40 This standard simplifies the accounting for convertible instruments primarily by eliminating the existing cash conversion and beneficial conversion models within Subtopic 470 20, January 1, 2022 The Company adopted this standard using the modified retrospective approach, which did not

Note 16 - Subsequent Events

Note 16 - Subsequent Events	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	Note 16 FID Equity Transactions On July 12, 2023, 1 1 Except for the Member Reserved Matters, as defined below, the affairs of Intermediate Holdings will otherwise be managed by a board of managers (the “Intermediate Holdings Board”). The Intermediate Holdings Board will be composed of up to four one provided FID Debt Transactions On July 12, 2023, ● A construction/term loan in an amount up to $10.3 billion available to finance partially the design, engineering, development, procurement, construction, installation, testing, completion, ownership, operation and maintenance of Phase 1, six ● a revolving loan and letter of credit facility in an amount up to $500 million available to Rio Grande to finance certain working capital requirements of Rio Grande. On July 12, 2023, two 1, six On July 12, 2023, 2033 March 30 September 30 September 30, 2023. Effective July 12, 2023, 5 Derivatives June 30, 2023 July 2023 July 12, 2023, Initial Notional Amount Maximum Notional Amount Maturity Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received $ 123,000 $ 8,500,000 July 12, 2030 3.4% USD - SOFR Following completion of the transactions set forth above, on July 12, 2023, 1 On July 12, 2023, 1 14 Commitments and Contingencies On July 17, 2023, 3 Sale of Equity Interests in Rio Bravo Conversion of Convertible Preferred Stock, Issuance of Common Stock The Convertible Preferred Stock converted into approximately 59.5 million shares of common stock on July 26, 2023. 9 Convertible Preferred Stock and Common Stock Warrants On July 27, 2023 second 10 Stockholders' Equity

Note 2 - Prepaid Expenses and_2

Note 2 - Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Prepaid Expense and Other Current Assets [Table Text Block]	June 30, December 31, 2023 2022 Prepaid subscriptions $ 578 $ 423 Prepaid insurance 157 619 Prepaid marketing and sponsorships 246 — Debt and equity issuance costs 12,088 — Other 259 107 Total prepaid expenses and other current assets $ 13,328 $ 1,149

Note 4 - Property, Plant and _2

Note 4 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2023 2022 Fixed Assets Computers $ 779 $ 780 Furniture, fixtures, and equipment 610 610 Leasehold improvements 101 101 Total fixed assets 1,490 1,491 Less: accumulated depreciation (1,081 ) (1,006 ) Total fixed assets, net 409 485 Project Assets (not placed in service) Terminal 245,001 197,144 Pipeline 21,017 21,017 Total Terminal and Pipeline assets 266,018 218,161 Total property, plant and equipment, net $ 266,427 $ 218,646

Note 5 - Derivatives (Tables)

Note 5 - Derivatives (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Initial Notional Amount Maximum Notional Amount Maturity Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received $ 86,000 $ 5,905,000 March 28, 2049 3.2% USD - SOFR

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Lessee, Operating Lease Right-of-use Assets and Liabilities [Table Text Block]	June 30, December 31, 2023 2022 Office leases $ 951 $ 1,474 Total operating lease right-of-use assets, net $ 951 $ 1,474 June 30, December 31, 2023 2022 Office leases $ 634 $ 1,093 Total current lease liabilities $ 634 $ 1,093 Non-current office leases 331 465 Total lease liabilities $ 965 $ 1,558
Lease, Cost [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Office leases $ 300 $ 221 $ 609 $ 378 Total operating lease expense 300 221 609 378 Short-term lease expense 25 69 53 131 Total lease expense $ 325 $ 290 $ 662 $ 509 Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities: Cash flows from operating activities $ 593 $ 288 Noncash right-of-use assets recorded for operating lease liabilities: In exchange for new operating lease liabilities during the period — 1,332
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	2023 (remaining) $ 652 2024 270 2025 248 2026 — 2027 — Thereafter — Total undiscounted lease payments 1,170 Discount to present value (205 ) Present value of lease liabilities $ 965 Weighted average remaining lease term - years 1.9 Weighted average discount rate - percent 12.0

Note 7 - Other Non-current As_2

Note 7 - Other Non-current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Other Assets, Noncurrent [Table Text Block]	June 30, December 31, 2023 2022 Permitting costs (1) $ 9,006 $ 8,540 Rio Grande Site Lease initial direct costs 22,877 19,647 Deposits and other 185 185 Total other non-current assets, net $ 32,068 $ 28,372

Note 8 - Accrued Liabilities _2

Note 8 - Accrued Liabilities and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block]	June 30, December 31, 2023 2022 Employee compensation expense $ 4,877 $ 6,650 Terminal costs — 12,046 Debt and equity issuance costs 7,627 — Permitting costs 457 279 Accrued legal services 5,990 3,124 Share-based compensation liability 403 182 Other accrued liabilities 408 903 Total accrued liabilities and other current liabilities $ 19,762 $ 23,184

Note 9 - Preferred Stock and _2

Note 9 - Preferred Stock and Common Stock Warrants (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	June 30, December 31, 2023 2022 Stock price $ 8.21 $ 4.94 Exercise price $ 0.01 $ 0.01 Risk-free rate 5.0 % 4.6 % Volatility 46.7 % 52.5 % Term (years) 1.0 1.5

Note 11 - Net Loss Per Share (T

Note 11 - Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Weighted average common shares outstanding: Basic 150,933 126,314 148,943 123,835 Dilutive unvested stock, convertible preferred stock, Common Stock Warrants and IPO Warrants — — — — Diluted 150,933 126,314 148,943 123,835 Basic and diluted net loss per share attributable to common stockholders $ (0.84 ) $ (0.13 ) $ (1.08 ) $ (0.27 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Unvested stock and stock units (1) 2,014 1,981 2,033 1,666 Convertible preferred stock 57,039 41,725 56,239 40,159 Common Stock Warrants 1,448 1,474 1,414 1,463 IPO Warrants (2) — 12,082 — 12,082 Total potentially dilutive common shares 60,501 57,262 59,686 55,370

Note 12 - Share-based Compens_2

Note 12 - Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Share-based compensation expense: Equity awards $ 10,561 $ 2,886 $ 12,120 $ 515 Liability awards 220 — 220 — Total share-based compensation expense $ 10,781 $ 2,886 $ 12,340 $ 515

Note 16 - Subsequent Events (Ta

Note 16 - Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Interest Rate Derivatives [Table Text Block]	Initial Notional Amount Maximum Notional Amount Maturity Weighted Average Fixed Interest Rate Paid Variable Interest Rate Received $ 123,000 $ 8,500,000 July 12, 2030 3.4% USD - SOFR

Note 1 - Background and Basis_2

Note 1 - Background and Basis of Presentation (Details Textual) - USD ($) $ in Thousands	Jun. 13, 2023	Jul. 12, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents			$ 40,012	$ 62,789	$ 40,500	$ 25,552
Purchase Agreement [Member]
Sale of Stock, Total Sale Price Upon Approval	$ 70,000
JV Agreement [Member] | Subsequent Event [Member]
Remaining Equity Commitment		$ 69,400

Note 2 - Prepaid Expenses and_3

Note 2 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Prepaid subscriptions	$ 578	$ 423
Prepaid insurance	157	619
Prepaid marketing and sponsorships	246	0
Debt and equity issuance costs	12,088	0
Other	259	107
Total prepaid expenses and other current assets	$ 13,328	$ 1,149

Note 3 - Sale of Equity Inter_2

Note 3 - Sale of Equity Interests in Rio Bravo (Details Textual) - Rio Bravo [Member] - USD ($) $ in Millions	Mar. 02, 2020	Feb. 13, 2020	Dec. 31, 2022
Equity Method Investment, Ownership Percentage		100%
Disposal Group, Including Discontinued Operation, Consideration	$ 19.4
Proceeds from Divestiture of Businesses	$ 15
Equity Method Investments, Rights to The Natural Gas Firm Transportation Capacity Term (Year)		20 years
Sale of Business, Failure to Issue Notice, Maximum Right Price to Sell Back Equity Interests			$ 23

Note 4 - Property, Plant and _3

Note 4 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation	$ 38	$ 42	$ 75	$ 89

Note 4 - Property, Plant and _4

Note 4 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, plant and equipment, net	$ 266,427	$ 218,646
Computer Equipment [Member]
Property, plant and equipment, gross	779	780
Furniture and Fixtures [Member]
Property, plant and equipment, gross	610	610
Leasehold Improvements [Member]
Property, plant and equipment, gross	101	101
Excluding Construction in Progress [Member]
Property, plant and equipment, gross	1,490	1,491
Less: accumulated depreciation	(1,081)	(1,006)
Property, plant and equipment, net	409	485
Construction in Progress [Member]
Property, plant and equipment, gross	266,018	218,161
Construction in Progress [Member] | Rio Grande [Member]
Property, plant and equipment, gross	245,001	197,144
Construction in Progress [Member] | Rio Bravo [Member]
Property, plant and equipment, gross	$ 21,017	$ 21,017

Note 5 - Derivatives (Details T

Note 5 - Derivatives (Details Textual) - Contingent Interest Rate Swaps [Member] $ in Millions	Jun. 30, 2023 USD ($)
Derivative Liability	$ 110.9
Fair Value, Inputs, Level 2 [Member]
Derivative Liability	$ 87.5

Note 5 - Derivatives - Interest

Note 5 - Derivatives - Interest Rate Swaps Outstanding (Details) - Rio Grande [Member] - Contingent Interest Rate Swaps [Member] $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Initial Notional Amount	$ 86
Maturity Date	Mar. 28, 2049
Variable Interest Rate Received	3.20%
Maximum [Member]
Initial Notional Amount	$ 5,905

Note 6 - Leases - Supplemental

Note 6 - Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating lease right-of-use assets, net	$ 951	$ 1,474
Current lease liabilities	634	1,093
Non-current leases	331	465
Lease liabilities	965	1,558
Office Leases [Member]
Operating lease right-of-use assets, net	951	1,474
Current lease liabilities	634	1,093
Non-current leases	$ 331	$ 465

Note 6 - Leases - Lease Expense

Note 6 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating lease expense	$ 300	$ 221	$ 609	$ 378
Short-term lease expense	25	69	53	131
Total lease expense	325	290	662	509
Cash flows from operating activities			593	288
In exchange for new operating lease liabilities during the period			0	1,332
Office Leases [Member]
Operating lease expense	$ 300	$ 221	$ 609	$ 378

Note 6 - Leases - Maturity of O

Note 6 - Leases - Maturity of Operating Lease (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2023 (remaining)	$ 652
2024	270
2025	248
2026	0
2027	0
Thereafter	0
Total undiscounted lease payments	1,170
Discount to present value	(205)
Present value of lease liabilities	$ 965	$ 1,558
Weighted average remaining lease term - years (Year)	1 year 10 months 24 days
Weighted average discount rate - percent	12%

Note 7 - Other Non-current As_3

Note 7 - Other Non-current Assets - Schedule of Other Non-current Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Permitting costs	[1]	$ 9,006	$ 8,540
Rio Grande Site Lease initial direct costs		22,877	19,647
Deposits and other		185	185
Total other non-current assets, net		$ 32,068	$ 28,372
[1]Permitting costs primarily represent costs incurred in connection with permit applications to the United States Army Corps of Engineers and the U.S. Fish and Wildlife Service for mitigation measures for potential impacts to wetlands and habitat that may be caused by the construction of the Terminal.

Note 8 - Accrued Liabilities _3

Note 8 - Accrued Liabilities and Other Current Liabilities - Summary of Accrued Liabilities and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Employee compensation expense	$ 4,877	$ 6,650
Terminal costs	0	12,046
Debt and equity issuance costs	7,627	0
Permitting costs, Current	457	279
Accrued legal services	5,990	3,124
Share-based compensation liability	403	182
Other accrued liabilities	408	903
Total accrued liabilities and other current liabilities	$ 19,762	$ 23,184

Note 9 - Preferred Stock and _3

Note 9 - Preferred Stock and Common Stock Warrants (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 17, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Gain (Loss) on Revaluation of Warrants		$ (5,455)	$ 1,886	$ (5,822)	$ (4,418)
Common Stock Warrants [Member]
Gain (Loss) on Revaluation of Warrants		$ (5,500)	$ 1,900	$ (5,800)	(4,400)
Series A Convertible Preferred Stock [Member]
Temporary Equity, Shares Outstanding (in shares)		87,978		87,978		82,948
Temporary Equity, Par or Stated Value Per Share (in dollars per share)						$ 0.0001
Preferred Stock, Convertible, Conversion Price (in dollars per share)		$ 5		$ 5
Series B Convertible Preferred Stock [Member]
Temporary Equity, Shares Outstanding (in shares)		84,037		84,037		79,239
Temporary Equity, Par or Stated Value Per Share (in dollars per share)						$ 0.0001
Preferred Stock, Convertible, Conversion Price (in dollars per share)		$ 5.05		$ 5.05
Series C Convertible Preferred Stock [Member]
Temporary Equity, Shares Outstanding (in shares)		62,959		62,959		59,366
Temporary Equity, Par or Stated Value Per Share (in dollars per share)						$ 0.0001
Preferred Stock, Convertible, Conversion Price (in dollars per share)		$ 2.73		$ 2.73
Convertible Preferred Stock [Member]
Temporary Equity, Dividend Rate Percentage				12%
Temporary Equity, Issued Price Per Share (in dollars per share)		$ 1,000		$ 1,000
Dividends, Preferred Stock, Paid-in-kind				$ 13,400	$ 11,500
Temporary Stock, Threshold Trading Days for Conversion (Day)				60 days
Temporary Stock, Threshold Consecutive Trading Days for Conversion (Day)				90 days
Temporary Stock, Conversion Price Minimum Percentage				175%
Temporary Stock, Maximum Business Days Following FID Event for Conversion (Day)				10 days
Convertible Preferred Stock [Member] | Subsequent Event [Member]
Dividends, Preferred Stock, Paid-in-kind	$ 7,000

Note 9 - Preferred Stock and _4

Note 9 - Preferred Stock and Common Stock Warrants - Fair Value Assumptions (Details)	Jun. 30, 2023	Dec. 31, 2022
Measurement Input, Share Price [Member]
Warrant measurement input	8.21	4.94
Measurement Input, Exercise Price [Member]
Warrant measurement input	0.01	0.01
Measurement Input, Risk Free Interest Rate [Member]
Warrant measurement input	0.050	0.046
Measurement Input, Price Volatility [Member]
Warrant measurement input	0.467	0.525
Measurement Input, Expected Term [Member]
Warrant measurement input	1	1.5

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Feb. 03, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 13, 2023
Proceeds from Issuance of Common Stock		$ 75	$ 30
Private Placement, Tranche 1 [Member]
Equity Offering, Maximum Shares to be Issued (in shares)				8,026,165
Equity Offering, Price Per Share (in dollars per share)				$ 4.9837
Equity Offering, Maximum Amount				$ 40
Private Placement, Tranche 2 [Member]
Equity Offering, Maximum Shares to be Issued (in shares)				22,072,103
Equity Offering, Price Per Share (in dollars per share)				$ 4.9837
Equity Offering, Maximum Amount				$ 110
Private Placement, Tranche 3 [Member]
Equity Offering, Maximum Amount				$ 69.4
Equity Offering, Maximum Percentage of Outstanding Common Stock				17.50%
HGC NEXT INV LLC [Member]
Stock Issued During Period, Shares, New Issues (in shares)	5,835,277
Share Price (in dollars per share)	$ 5.998
Proceeds from Issuance of Common Stock	$ 35

Note 11 - Net Loss Per Share -

Note 11 - Net Loss Per Share - Basic and Diluted Common Shares (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Weighted average shares outstanding - basic and diluted (in shares)	150,933	126,314	148,943	123,835
Dilutive unvested stock, convertible preferred stock, Common Stock Warrants and IPO Warrants (in shares)	0	0	0	0
Diluted (in shares)	150,933	126,314	148,943	123,835
Basic and diluted net loss per share attributable to common stockholders (in dollars per share)	$ (0.84)	$ (0.13)	$ (1.08)	$ (0.27)

Note 11 - Net Loss Per Share _2

Note 11 - Net Loss Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Potentially dilutive common shares (in shares)		60,501	57,262	59,686	55,370
Unvested Stock [Member]
Potentially dilutive common shares (in shares)		2,014	1,981	2,033	1,666
Convertible Preferred Stocks [Member]
Potentially dilutive common shares (in shares)		57,039	41,725	56,239	40,159
Common Stock Warrants [Member]
Potentially dilutive common shares (in shares)		1,448	1,474	1,414	1,463
IPO Warrants [Member]
Potentially dilutive common shares (in shares)	[1]	0	12,082	0	12,082
[1]The IPO Warrants were issued in connection with our initial public offering in 2015 and expired July 24, 2022.

Note 12 - Share-based Compens_3

Note 12 - Share-based Compensation - Summary of Share-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity awards	$ (10,561)	$ (2,886)	$ (12,120)	$ (515)
Liability awards	220	0	220	0
Total share-based compensation expense	$ 10,781	$ 2,886	$ 12,340	$ 515

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Income Tax Expense (Benefit), Total	$ 0	$ 0

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) - BND [Member] $ in Millions	Mar. 06, 2019 USD ($) a
Area Available for Lease (Acre) | a	984
Lessee, Operating Lease, Liability, to be Paid Per Quarter | $	$ 1.6

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) $ / shares in Units, $ in Millions					6 Months Ended
	Jul. 27, 2023 USD ($) $ / shares shares	Jul. 26, 2023 shares	Jul. 17, 2023 USD ($)	Mar. 02, 2020 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jul. 12, 2023 USD ($) a
Proceeds from Issuance of Common Stock					$ 75	$ 30
Rio Bravo [Member]
Proceeds from Divestiture of Businesses				$ 15
Contingent Interest Rate Swaps [Member]
Derivative Liability					$ 110.9
Subsequent Event [Member] | Private Placement, Tranche 2 [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	22,072,103
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 4.9837
Proceeds from Issuance of Common Stock	$ 110
Subsequent Event [Member] | Conversion of Preferred Stock Into Common Stock [Member]
Conversion of Stock, Shares Issued (in shares) | shares		59,500,000
Subsequent Event [Member] | Rio Bravo [Member]
Proceeds from Divestiture of Businesses			$ 4.4
Subsequent Event [Member] | Site Lease with the Brownsville Navigation District [Member]
Area of Land (Acre) | a							984
Subsequent Event [Member] | Rio Grande [Member] | CD Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 500
Subsequent Event [Member] | Rio Grande [Member] | CD Credit Agreement [Member] | Construction Loans [Member]
Debt Instrument, Face Amount							10,300
Subsequent Event [Member] | Rio Grande [Member] | TCF Credit Agreement [Member] | Construction Loans [Member]
Debt Instrument, Face Amount							800
Subsequent Event [Member] | Rio Grande [Member] | Secured Senior Notes Due 2033 [Member]
Debt Instrument, Face Amount							$ 700
Debt Instrument, Interest Rate, Stated Percentage							6.67%
Subsequent Event [Member] | JV Agreement [Member]
Commitment to Fund							$ 283
Commitment to Fund, Cash							125
Remaining Equity Commitment							69.4
Subsequent Event [Member] | JV Agreement [Member] | Intermediate Holdings [Member]
Commitment to Fund							$ 6,200

Note 16 - Subsequent Events - D

Note 16 - Subsequent Events - Derivatives Outstanding (Details) - Contingent Interest Rate Swaps [Member] - Rio Grande [Member] - USD ($)		6 Months Ended
	Jul. 12, 2023	Jun. 30, 2023
Initial Notional Amount		$ 86,000,000
Maturity Date		Mar. 28, 2049
Variable Interest Rate Received		3.20%
Maximum [Member]
Initial Notional Amount		$ 5,905,000,000
Subsequent Event [Member]
Initial Notional Amount	$ 123,000
Maturity Date	Jul. 12, 2030
Variable Interest Rate Received	3.40%
Subsequent Event [Member] | Maximum [Member]
Initial Notional Amount	$ 8,500,000