Fervo Energy Reports Second Quarter 2026 Results
Fervo Energy reported its inaugural quarterly results as a public company, highlighting a Q2 operating loss of $28.7 million and net loss of $55.9 million against revenue of $113,000. Operationally, the company achieved mechanical completion on GeoBlocks 1 and 2 at Cape Station Phase I and set a new drilling record with Sawtooth 7, reaching nearly 19,500 feet in just 21 days.
Key figures
- Revenue
- 113000
- Guidance
- H2 2026 CapEx $850.0M-$900.0M; raised 2030 development target to 1.1 GW
- Net loss
- 55900000
- Ipo proceeds
- 2200000000
- Capex q2 2026
- 226500000
- Operating loss
- 28700000
- Cash equivalents
- 2106371000
- Reverse split ratio
- 0.7194-for-1
- Drilling record days
- 21
- Drilling record depth feet
- 19500
- Cape station target cost kw
- 5500
AI analysis
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