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NET Power (NPWR)
NYSE:NPWR
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
0.42Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2023
|% Change Since: 2.31%
|Next Earnings Date:Aug 14, 2023
Earnings Call Sentiment|Neutral
The earnings call reflected a cautiously optimistic outlook with significant ongoing developments and milestones achieved in technology and market positioning. However, concerns about capital cost inflation and potential regulatory changes highlight challenges ahead.Company Guidance
During the NET Power third-quarter 2024 earnings call, the company provided detailed guidance on their strategic initiatives and operational progress. Daniel Rice, the CEO, highlighted the ongoing 4-phase equipment validation program with Baker Hughes at the La Porte facility, which will extend through 2026, and the selection of Air Liquide for the air separation unit at Project Permian. The company aims to capture a significant market share with a projected potential of up to 2,000 NET Power plants in North America, targeting competitive markets such as MISO, ERCOT, and PJM. They anticipate the first power generation from Project Permian between late 2027 and early 2028, with an expected cost estimate review in December 2024. NET Power ended the third quarter with approximately $580 million in cash and investments, deploying around $22 million in capital expenditures for La Porte upgrades and Project Permian development.Utility-Scale Technology Development
NET Power kicked off Phase 1 of their equipment validation program with Baker Hughes, marking a critical step towards developing and improving their technology at the utility-scale.
Selection of Air Liquide for Project Permian
Announced Air Liquide as the air separation supplier for Project Permian FEED, representing a significant milestone.
Massive Market Opportunity
The potential market is estimated at as high as 2,000 NET Power plants in North America, focusing on areas with sufficient CO2 storage and infrastructure.
Oxygen-Based Storage Innovation
Developed an oxygen-based storage solution that acts as a battery, potentially providing a more economical storage solution than traditional batteries.
Strong Financial Position
Ended Q3 2024 with approximately $580 million in cash and investments, with prudent capital deployment.
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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
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NPWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $9.09 | $11.33 | +24.64% |
| Aug 12, 2024 | $8.33 | $8.86 | +6.36% |
| May 13, 2024 | $10.61 | $10.56 | -0.47% |
| Mar 11, 2024 | $9.12 | $9.00 | -1.32% |
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.
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FAQ
When does NET Power (NPWR) report earnings?
NET Power (NPWR) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is NET Power (NPWR) earnings time?
NET Power (NPWR) earnings time is at Mar 17, 2025, TBA Not 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 2024 (Q4) is -0.1.
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