---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-044474"
form_type: "8-K"
ticker: "FRVO"
cik: "0001853868"
company_name: "Fervo Energy Co"
filed_at: "2026-06-22T11:04:46+00:00"
generated_at: "2026-06-22T11:11:22.779686+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fervo Energy reports Q1 2026 net loss $31.8M; Cape Station Phase I on track for Q4 2026 first power

## Summary
- Completed IPO on May 14: 80.5M shares at $27.00, gross proceeds $2.2B, above revised range.
- Q1 2026 operating loss $20.1M, net loss $31.8M; capex $172.8M (up 64% YoY).
- Cape Station Phase I (100 MW) commissioning underway, first power Q4 2026; Phase II (400 MW) COD 2028.
- Closed $421.4M non-recourse project financing for Cape Phase I; signed 3 GW framework with Google.
- Expects ~$1.2B capex from Q2 2026 through Q1 2027 for Cape Station and GeoClusters.

## SEC filing metadata
- accession: 0001628280-26-044474
- form_type: 8-K
- ticker: FRVO
- cik: 0001853868
- company_name: Fervo Energy Co
- filed_at: 2026-06-22T11:04:46+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853868/000162828026044474/0001628280-26-044474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853868/000162828026044474/frvo-20260622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-044474
- JSON: https://secwatch.observer/filing/0001628280-26-044474.json
- Plain text: https://secwatch.observer/filing/0001628280-26-044474.txt

## Key facts
- Earnings Releases
  Fervo Energy Co reported the first quarter ended March 31, 2026 results: net income net loss of $31.8 million.
  - Period: the first quarter ended March 31, 2026
  - Net income: net loss of $31.8 million
  - Result: reported results
  source text: Fervo Energy Company (“Fervo” or the “Company”) (NASDAQ: FRVO), a leading technology-enabled independent power producer of Enhanced Geothermal Systems (EGS), today reported financial and operational results for the first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853868/000162828026044474/0001628280-26-044474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.