NET Power reports Q3 cash $645M; Project Permian timeline pushed to H2 2027-H1 2028

NET Power Inc.

Cash and short-term investments $645M, no debt; cash flow from operations ~$0.1M in Q3 2023.
Project Permian initial power generation expected H2 2027-H1 2028 due to supply chain 12-month cushion.
La Porte facility prep ongoing for Baker Hughes combustor and turboexpander demos.
New originated North America project: technical feasibility complete, permits for grid and CO2 sequestration in 2024.
Fully diluted share count ~247M; Project Permian capitalized expenditures $2.5M in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

NET Power Inc. reported financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the three and nine months ended September 30, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

NET Power Inc. filing history →

Source: SEC EDGAR

accession 0001845437-23-000043

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