Jun 2026 (Q2 FY26) β Aug 12, 2026
Fervo Energy Q2 FY26 β Accelerated Pipeline Growth and Cape Station Progress
Read the full callFervo Energy (FRVO) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
Fervo Energy earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 0.11 | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Operating margin | -25435.4 | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. | |
| Net profit | -55.9 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$8.04 β2.55% Β· β$0.21
Performance β70.2% YTD
YTD: $27 on 11 May 2026 β $8.04. High $42.5 (21 May 2026), low $8.04 (23 Oct 2026).
- Previous close
- $8.25
- 52-week range
- $8.04 β $42.5
Overview
- Symbol
- FRVO
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) β Jun 22, 2026
Fervo Energy Q1 FY26 β First earnings call post-$2.2B IPO, Cape Station on track for Q4 2026 first power
Read the full callEvery analysed call
Fervo Energy earnings calls (FRVO)
Financials
What the filings say
Net profit, year on year: β389% (quarter to jun 2026 against jun 2025).
| Line item | Mar 2025 | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 |
| Operating profit | -10 | -10 | -20 | -29 |
| Operating margin | β | β | β32872.1% | β25435.4% |
| Interest | 1 | 2 | 3 | 2 |
| Profit before tax | -9 | -11 | -32 | -56 |
| Tax rate | β | β0.0% | β | 0.0% |
| Net profit | -9 | -11 | -32 | -56 |
| EPS ($ per share) | -1.02 | -1.31 | -3.72 | -0.38 |
FRVO operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Generation capacity Cape Station Under Construction | 500 MWWe are currently building 500 megawatts, though the site has 4.3 gigawatts of potential capacity.Source: earnings call transcript | 500 MWTo give that number of context, that's more than double the current 4 gigawatt development potential at Cape Station, where we're under construction on 500 megawatts.Source: earnings call transcript | 0% |
| Contracted capacity Power Purchase Agreements | 658 MWFervo has 658 megawatts of binding power purchase agreements, representing $7.2 billion of contracted revenue.Source: earnings call transcript | 658 MWOur current total of 658 megawatts of signed binding PPAs with $7.2 billion of revenue backlog is evidence of that demand.Source: earnings call transcript | 0% |
| Acreage | ~610K acresAll told, as of Q1 2026, we had an acreage position of approximately 610,000 net acres across 7 states, with a total evaluated pipeline that exceeds 42 gigawatts.Source: earnings call transcript | 650K acres+We moved 10.5 gigawatts across 2 geo clusters from land holdings into early development, and we expanded our total geothermal mineral rights position to over 650,000 acres.Source: earnings call transcript | β |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
10 filings between May 14, 2026 and Oct 20, 2026.
Open market
decisions to buy or sellNobody bought or sold FRVO on the open market in this window. The filings below are 1 option exercise and 9 conversions.
Compensation
not trading decisions- 1
- Option exercise β converted options into shares
Latest filings (10)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 20, 2026 | Jewett Sarah Allison Chief Operating Officer | Option exercise | 59,125 | $77.5K |
| May 14, 2026 | TIF Partners, LLC 10% owner | Conversion | 14,962,430 | β |
| May 14, 2026 | TIF Partners, LLC 10% owner | Conversion | 5,448,761 | β |
| May 14, 2026 | TIF Partners, LLC 10% owner | Conversion | 1,760,732 | β |
| May 14, 2026 | Yadigaroglu Ion Director | Conversion | 34,227,390 | β |
| May 14, 2026 | TIF Partners, LLC 10% owner | Conversion | 12,055,467 | β |
| May 14, 2026 | DEVON ENERGY CORP/DE Director | Conversion | 3,429,061 | β |
| May 14, 2026 | DEVON ENERGY CORP/DE Director | Conversion | 2,329,345 | β |
| May 14, 2026 | DEVON ENERGY CORP/DE Director | Conversion | 4,401,830 | β |
| May 14, 2026 | DEVON ENERGY CORP/DE Director | Conversion | 25,568,060 | β |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table β absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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