NYSE$NPWR
Net Power Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NET Power reported results for the second quarter of 2024.
NET Power reported continued site work at La Porte demonstration facility, advanced FEED work for Project Permian, and accelerated prospecting and site evaluation for multiple originated projects in North America. The company ended the quarter with approximately $609 million in total cash, cash equivalents and investments.
- Continued site work at La Porte demonstration facility in preparation for upcoming equipment validation campaigns.
- Advanced Front-End Engineering and Design (FEED) work for Project Permian, the Company’s first utility-scale project in West Texas.
- Accelerated prospecting and site evaluation for multiple originated projects in North America.
- Filed interconnection application with Midcontinent Independent System Operator (MISO) for OP1, the Company’s first originated project.
Headline financials
Revenue & EPS history
Net Power · Revenue · Quarterly
$238K
Forward guidance
NET Power expects to complete FEED for Project Permian and kick off the first of four phases of equipment validation with Baker Hughes at La Porte demonstration facility later this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q2 2024
+0.0%
Avg return
Earnings day
-2.9%
Avg return
5 days after
-1.7%
Avg return
30 days after
50%
7 / 14 earnings
Positive
+41.3%
Q3 2024
Best reaction
-31.5%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -0.5% | -11.9% | -22.2% | |
| Q3 2025 | -4.4% | -14.2% | -12.2% | |
| Q1 2025 | -9.1% | -19.9% | +21.8% | |
| Q4 2024 | -31.5% | -53.1% | -64.5% | |
| Q3 2024 | +41.3% | +39.4% | +14.5% | |
| Q2 2024 | -1.4% | +0.1% | -15.0% | |
| Q1 2024 | +7.3% | +8.5% | -3.5% | |
| Q4 2023 | +4.3% | +10.5% | +20.3% | |
| Q3 2023 | -15.7% | -17.3% | -22.9% | |
| Q2 2023 | +9.4% | +16.4% | +15.0% | |
| Q1 2023 | +0.0% | +0.0% | +41.7% | |
| Q4 2022 | +0.4% | +0.7% | +0.0% | |
| Q3 2022 | +0.1% | +0.1% | +2.6% | |
| Q2 2022 | +0.1% | -0.1% | +0.5% |
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