NET Power Q1 cash $625M, no debt; La Porte validation starts Q4 2024, Project Permian FEED to conclude Q4

NET Power Inc.

Q1 cash used in operations ~$3M; investing ~$106M ($96M securities, $10M capex).
Cash and investments $625M at March 31, 2024; no debt outstanding.
Baker Hughes equipment validation at La Porte begins Phase 1 in Q4 2024 through 2026.
Project Permian FEED with Zachry Group to conclude Q4 2024; first fire expected 2H2027-1H2028.
Filed MISO interconnection application for OP1, first originated project, in April 2024.

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 0.9

NET Power Inc. reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 13, 2024, NET Power Inc., a Delaware corporation, issued a press release setting forth its financial results for the quarter ended March 31, 2024.

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1047 earnings releases filed in the last 30 days. Browse all earnings releases →

NET Power Inc. filing history →

Source: SEC EDGAR

accession 0001845437-24-000016

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