Exchange: NASDAQ·Updated 08:03 PM EST

FRVO Earnings

Latest Earnings Results: Q3 '26

Reported: Nov 09

Estimated EPS

-$0.09

Reported EPS

-$0.07

Surprise

+18.69%

Estimated Rev

$0.13M

Reported Rev

$0.12M

Surprise

-12.29%

• Reported GAAP EPS of -$0.07 up 96.32% YoY • Reported revenue of $0.12M up 100.00% YoY • Fervo expects fourth quarter 2026 capital expenditures of approximately $450M to $500M, bringing second-half 2026 expectations to $700M to $750M, compared to prior expectations of $850M to $900M.

Bullish Takeaway

Fervo began Cape Station commercial operations ahead of schedule, signed a 396-megawatt, 15-year Google agreement, reported 1,054 megawatts under binding PPAs, and cited 8.4 gigawatts of Cape capacity potential.

Bearish Takeaway

Fervo reported operating and common-stockholder losses and higher Q3 general and administrative expense; capital expenditures increased from Q2, and Fervo disclosed geothermal disruption, supply-chain, maintenance, and permitting risks.

Generated by Stocktwits using AI and company-reported earnings data for Q3 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.

Investor Presentation10-Q

Historical Earnings

Quarterly

Annual

EPS

Revenue

Fiscal PeriodEstimatedReportedSurpriseResult
Q4 '26
-$0.06
--
--
N/A
Q3 '26
-$0.09
-$0.07
18.69%
BEAT
Q2 '26
-$0.07
-$0.38
-415.25%
MISSED
Q1 '26
-$0.05
-$3.72
-6717.31%
MISSED

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