NET Power

Q2 FY2026 EarningsQ2 FY2026 results were largely in-line with consensus on the bottom line, with a normalized EPS of -$0.07 vs. -$0.07 expected. Revenue remained at zero as the company is still in the pre-commercial development phase. The core highlight is a major strategic pivot: Net Power is recalibrating toward unabated natural gas power to prioritize "speed-to-power" for AI and data center demand, delaying carbon capture integration. Liquidity remains stable with $310M in cash, sufficient for the next 12 months, though no project-level financing for Project Permian has been secured yet.