secwatch.observer — SEC 8-K summary
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Issuer:     Fervo Energy Co (FRVO)
CIK:        0001853868
Form:       8-K
Filed at:   2026-08-12T11:05:20+00:00
Accession:  0001628280-26-055942
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fervo Q2 net loss $55.9M; raises 2030 target to 1.1 GW after $2.2B IPO
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- Q2 2026 operating loss $28.7M, net loss $55.9M; capex $226.5M vs $108.0M in Q2 2025.
- Raised 2030 development target to 1.1 GW (up 100 MW); 400 MW moved to Advanced Development.
- Cape Station Phase I: GeoBlocks 1-2 mechanical completion; GeoBlock 1 first power targeted Q4 2026.
- May 2026 IPO raised ~$2.2B gross proceeds; repaid XRC Facility using Project Granite debt.
- Sawtooth 7 set record: 19,500 ft measured depth in 21 days at 460°F; Phase II cost target $5,500/kW.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853868/000162828026055942/0001628280-26-055942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853868/000162828026055942/frvo-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-055942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer