Every material Form 8-K Fervo Energy Co has filed with the SEC since August 12, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Fervo Energy reported third-quarter 2026 results, with net income of $11.7 million driven largely by a $29.9 million tax benefit and an $11.8 million non-cash swap gain, while operating loss widened to $43.7 million from $13.7 million a year earlier. The company lowered its expected second-half 2026 capital spending to $700 million to $750 million from $850 million to $900 million, and said Cape Google 400 commercial operation dates are unchanged, which matters for shareholders weighing construction costs and timing.
Q3 2026 net income of $11.7 million, versus a net loss of $15.8 million in Q3 2025; the release cites $15.4 million of interest income and two non-recurring items
Q3 2026 operating loss of $43.7 million; general and administrative expense rose to $39.4 million from $27.4 million in Q2 2026
Second-half 2026 capital expenditure outlook cut to $700 million to $750 million from $850 million to $900 million, with no change to expected commercial operation dates
Signed a 15-year take-or-pay power purchase agreement with Google for 396 megawatts, with first power expected mid-2028
Fervo Energy said its first GeoBlock at Cape Station in Beaver County, Utah, reached contractual commercial operation on September 30, 2026, one day before its contractual COD, and is generating revenue under its power purchase agreement. The company said the first GeoBlock achieved 33 MW of net power production, meeting the expected production threshold under the PPA. The filing gives no revenue or earnings figures, and the remaining Phase I GeoBlocks are still being commissioned.
First GeoBlock declared commercial operation on September 30, 2026, after grid synchronization on September 24
Achieved 33 MW of net power production, meeting the PPA's expected production threshold
Remaining two Phase I GeoBlocks expected to reach contractual COD by January 1, 2027
Phase II, an additional 400 MW, is under construction with an expected COD in 2028
Fervo Energy's subsidiary Cape Generating Station 6 LLC signed a 15-year power purchase agreement with Google for 396 MW from the Cape Station project in Utah, with target commercial operation beginning in the third quarter of 2028. Fervo also agreed to offer Google an option on about 600 MW more capacity, with a guaranteed commercial operation date no later than June 2030, and must reimburse Google for certain amounts if it does not make that offer, an amount the company says is not currently estimable. For shareholders, this adds a large contracted customer, but it also brings an unquantified contingent obligation and depends on Utah regulatory approvals.
Power purchase agreement with Google Energy LLC, a subsidiary of Alphabet Inc., dated August 26, 2026, for 396 MW in four 99 MW sub-tranches
Target commercial operation for sub-tranches begins in the third quarter of 2028; 15-year delivery term
Capacity expansion option of about 600 MW, bringing total contracted capacity to not less than about 950 MW, with guaranteed commercial operation by June 2030
Reimbursement obligation if the expansion offer is not made is not currently estimable; project remains subject to Utah SB 132 regulatory approvals
Fervo Energy reported second-quarter 2026 results on August 12, 2026, with a net loss of $55.9 million versus $11.4 million a year earlier and revenue of $113 thousand versus none. Operating loss widened to $28.7 million from $10.3 million, and capital expenditures rose to $226.5 million from $108.0 million. For shareholders, the larger losses reflect spending on Cape Station construction, and the company expects $850.0 million to $900.0 million of capital expenditures in the second half of 2026.
Net loss of $55.9 million in Q2 2026 vs. $11.4 million in Q2 2025; net loss per share of $0.38 vs. $1.31, with share counts adjusted for a 0.7194-for-1 reverse stock split
Revenue of $113 thousand vs. none in Q2 2025; operating loss of $28.7 million vs. $10.3 million
Capital expenditures of $226.5 million vs. $108.0 million; expects $850.0 million to $900.0 million in the second half of 2026
IPO completed in May 2026 with gross proceeds of approximately $2.2 billion; GeoBlock 1 test power targeted for Q4 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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