The earnings call highlighted significant progress in cost reduction and technological integration, particularly with the addition of gas turbines, which positions NET Power well for future deployment. However, high initial costs and extended commercialization timelines remain challenges. The integration strategy aligns well with market needs, providing a pathway to decarbonization and positioning NET Power as a flexible solution provider.

Company Guidance -

Q3 2025

During the NET Power, Inc. Second Quarter 2025 Earnings Call, the company provided guidance highlighting several key metrics and strategic initiatives. The 2025 PJM capacity auction saw a significant increase in cleared prices to $329 per megawatt per day, an 11-fold rise over two years. The company aims to leverage its NET Power cycle technology, which converts nearly 80% of natural gas BTU energy into electricity while inherently capturing CO2. By integrating gas turbines to cover auxiliary loads, NET Power aims to boost core cycle efficiency by approximately 15 megawatts, effectively doubling power output with half the emissions compared to standalone gas turbines. The project Permian Levelized Cost of Electricity (LCOE) has improved significantly, dropping from over $150 per megawatt-hour to under $100, thanks to value engineering and recent tax incentives, including a 45Q credit increase from $60 to $85 per ton for CO2 utilization. The company plans to install 200-megawatt gas turbines ahead of its core facility to meet immediate demand, transitioning to a cleaner, more efficient power source as NET Power facilities come online, effectively reducing emissions by 50% while doubling power output.

Integration with Gas Turbines

The integration of gas turbines with the NET Power cycle leads to a higher efficiency configuration. This integration enables the company to provide reliable, affordable power now and lower emissions in the future, significantly increasing power export capability from 200 megawatts to 415 megawatts.

Project Permian Cost Reduction

Project Permian LCOE improved significantly from over $150 per megawatt hour to under $100 per megawatt hour due to value engineering and tax incentives. Pipe quantities and diameter have been reduced by 20% and 25% respectively, and ASU equipment costs came in 15% lower than expected.

Turboexpander Program Progress

Significant advancements in the turboexpander validation program with Baker Hughes, including infrastructure repairs and increased testing cadence, are moving the project toward Phase 2.

45Q Tax Credit Parity

The 45Q tax credit parity for sequestration and utilization pathways enhances the economic viability of projects like Project Permian, offering a nearly $10 per megawatt hour lower power price.

NET Power (NPWR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NPWR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	-0.16 / -	0.01	―	―	―
Aug 11, 2025	2025 (Q2)	-0.12 / -0.36	-0.06	-500.00% (-0.30)
May 12, 2025	2025 (Q1)	-0.11 / -1.55	-0.16	-868.75% (-1.39)	―
Mar 10, 2025	2024 (Q4)	-0.10 / -0.46	0.421	-209.26% (-0.88)
Nov 11, 2024	2024 (Q3)	-0.12 / 0.01	-0.44	102.27% (+0.45)
Aug 12, 2024	2024 (Q2)	-0.09 / -0.06	-4.51	98.67% (+4.45)
May 13, 2024	2024 (Q1)	-0.25 / -0.16	-0.08	-100.00% (-0.08)
Mar 11, 2024	2023 (Q4)	-0.06 / 0.42	-0.418	200.72% (+0.84)
Nov 14, 2023	2023 (Q3)	-0.06 / -0.44	-0.019	-2215.79% (-0.42)
Aug 14, 2023	2023 (Q2)	-0.08 / -4.51	0.14	-3321.43% (-4.65)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NPWR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$2.88	$2.86	-0.69%
May 12, 2025	$2.11	$1.93	-8.53%
Mar 10, 2025	$6.93	$4.75	-31.46%
Nov 11, 2024	$9.09	$11.33	+24.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does NET Power (NPWR) report earnings?

NET Power (NPWR) is schdueled to report earning on Nov 18, 2025, Before Open (Confirmed).

What is NET Power (NPWR) earnings time?

NET Power (NPWR) earnings time is at Nov 18, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NPWR EPS forecast?

NPWR EPS forecast for the fiscal quarter 2025 (Q3) is -0.16.

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