Fervo Energy Company (FRVO)
NASDAQ: FRVO · Real-Time Price · USD
7.86
-1.05 (-11.74%)
Nov 5, 2026, 11:10 AM EST - Market open
Fervo Energy Company Earnings Call Transcripts
Fiscal Year 2026
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Expanded project pipeline and secured $2.04B in IPO proceeds, enabling accelerated geothermal development and a 2030 capacity target increase to 1.1 GW. Q2 saw a $55.9M net loss and $226.5M in capex, with $7.2B in contracted backlog and strong demand from utilities and hyperscalers.
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Raised $2.2B in a landmark IPO, advancing flagship Cape Station and expanding a 42 GW pipeline. Q1 saw a $31.8M net loss and $172.8M in CapEx, with strong PPA backlog and new tech partnerships driving growth. Commercial momentum and robust demand support an accelerated outlook.