Fervo Energy develops, owns and operates next-generation geothermal power projects using enhanced geothermal systems (EGS). It applies oil-and-gas techniques—horizontal drilling, fiber-optic sensing and advanced reservoir models—to unlock 24/7 carbon-free heat and electricity where conventional geothermal was uneconomic. Based in Houston, it targets utility and large power buyers seeking firm, dispatchable clean energy rather than intermittent renewables alone.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 0 | — | -9.2 | — |
| Q2 2025 | 0 | — | -11.6 | — |
| Q1 2026 | 0.1 | — | -35.3 | — |
| Q2 2026 | 0.1 | — | -59.5 | — |
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