Latest Earnings Results: Q3 '26
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.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
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 |