NET Power (NPWR)
NYSE:NPWR
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Earnings Data
Report Date
May 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-1.55Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented meaningful progress: a decisive strategic pivot to a more executable GT + PCC product, advancing engineering milestones (CDR passed), a strengthened partnership with Entropy, increased plant output (+33%), site control with scale to ~800 MW, and a solid cash position ($379M). However, several material gating items remain unsecured — namely signed offtake agreements at targeted pricing, project financing acceptance of PCC performance by lenders, pre-FID long-lead commitments (~$50M), and timeline/execution risks. Costs have risen into a $475M–$575M TIC range and key validation (Entropy Glacier Phase 2) and governmental or lender support will be important to de-risk financing. Overall, progress is substantive but key commercial and financing milestones remain to be achieved before FID, leaving the tone cautiously constructive.Company Guidance
Strategic pivot to GT + PCC (post-combustion capture)
Company pivoted away from oxy-combustion toward a combined-cycle gas turbine paired with solvent-based post-combustion carbon capture (GT + PCC) with Entropy, preserving oxy work but prioritizing a faster, bankable commercial path to >90% CO2 capture using proven equipment and partners.
Partnership progress with Entropy
Near-final joint development agreement (JDA) with Entropy expected in Q2; NET Power will make a strategic equity investment and structure a JV for Project Permian, leveraging Entropy's commercial PCC experience and Glacier Phase 2 commissioning (this summer) as validation data.
Product de-risking and design improvement
Passed conceptual design review (CDR) and advanced detailed design with WSP; plant redesign increased net electrical output from ~60 MW to ~80 MW (approximately 33% increase) from the same site footprint while reducing capture performance risk.
Site control and scale potential
Executed ground lease with Oxy for the Permian site, with interconnection progressing (target interconnection date 4Q 2028). Site can scale from the initial 80 MW to ~800 MW, enabling potential multi-phase expansion and gigawatt-scale opportunities.
Strong cash position and disciplined capital management
Ended Q4 with approximately $379 million in cash, cash equivalents and investments, above internal targets after rightsizing costs and winding down non-core workstreams, providing runway to execute Project Permian FID process.
Competitive economics and market timing
Independent benchmarking indicates the integrated GT + PCC solution in West Texas is cost competitive across a range of capital costs and gas price assumptions; 45Q tax credit parity (EOR pathway) materially improves economics and LCOE in the Permian.
Commercial pipeline and offtake discussions
Active and growing offtake pipeline including advanced discussions with Oxy (CO2 offtake + negotiating power structure) and a hyperscale data center developer for potential behind-the-meter arrangements (opportunity ~300 MW). Goal: signed offtake/MOU at or above $100/MWh to support bankability.
Project timing and procurement progress
FID target: second half of 2026; targeted commercial operations date: early 2029. Two modular Siemens SGT-A35 gas turbine packages on order with delivery targeted early 2028; targeting ~$50 million in pre-FID long-lead commitments by midyear to protect COD timeline.
NPWR Earnings History
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 |
|---|---|---|---|
Mar 09, 2026 | $1.94 | $1.91 | -1.55% |
Nov 13, 2025 | $2.95 | $2.82 | -4.41% |
Aug 11, 2025 | $2.88 | $2.86 | -0.69% |
May 12, 2025 | $2.11 | $1.93 | -8.53% |
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 May 18, 2026, Before Open (Confirmed).
What is NET Power (NPWR) earnings time?
NET Power (NPWR) earnings time is at May 18, 2026, 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 2026 (Q1) is -0.07.