Abiopharma

FERVO ENERGY CO (FRVO) Reports the reporting period Financial Results FERVO ENERGY CO (FRVO) announced its financial results for the period ending the reporting period. Key Financial Highlights:

• Revenue: $113
• Net Income: Not disclosed
• EPS: Not disclosed
• Cash and equivalents: $2,106,371 Management Commentary: '"Fervo continues to demonstrate the power of enhanced geothermal at scale," said Tim Latimer'
  • expected in the coming months. GeoBlock 1 first power is targeted for the fourth quarter of 2026
  • anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)(Dollars and shares in thousands except per share amounts)Three Months Ended June 30,Six Months Ended June 30,2026
  • anticipated by year-end. GeoBlocks 2 and 3 are expected to follow a similar sequence, with initial power in early 2027