In this paper, we incorporate a nonequilibrium thermodynamics perspective that is consistent with the Onsager reciprocity principle into the lattice Boltzmann framework to propose a novel regularized lattice Boltzmann formulation for modeling the Navier–Stokes–Fourier equations. The new method is applied to one-dimensional (1D) isothermal situations wherein the advantages of incorporating such a nonequilibrium perspective can be explicitly appreciated. In such situations, the nonequilibrium contribution of the lattice populations obtained by the new method completely vanishes, and the lattice update is entirely reduced to evaluating the equilibrium distribution function. Such a counterintuitive 1D mesoscopic description is not obtained in any other existing lattice Boltzmann scheme. We therefore numerically test the proposed formulation on two complex problems, namely, shockwave and nonlinear wave propagation, and compare results with analytical results along with six existing lattice Boltzmann schemes; it is found that the new method indeed yields results that are more stable and accurate. These results highlight the potency of the nonequilibrium thermodynamics-based approach for obtaining accurate and stable lattice Boltzmann computations, and provide new insights into established lattice Boltzmann simulation methods.