Fervo Energy Reports First Quarter 2026 Results
Fervo Energy reported Q1 2026 results, highlighting the successful completion of a $2.2 billion IPO and the execution of a 3GW framework agreement with Google to develop capacity through 2033. Operationally, the company confirmed Cape Station Phase I is on track for commercial operations in Q4 2026 with commissioning underway, while Phase II construction has commenced with an expected COD in 2028.
Key figures
- Revenue
- 61000
- Guidance
- total capital expenditures of approximately $1.2 billion from Q2 2026 through Q1 2027
- Deal Value Usd
- 2200000000
- Offering Price
- 27
- Shares Offered
- 80500000
- Net loss
- 31800000
- Capex q1 2026
- 172800000
- Operating loss
- 20100000
- Cape station cod
- Q4 2026
- Reverse split ratio
- 0.7194-for-1
- Google agreement capacity gw
- 3
- Cape station phase 1 financing
- 421400000
AI analysis
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