• Fervo posted Q1 net loss of USD 31.83 million, widening 248% from a year earlier; operating loss widened 101.9% to USD 20.05 million.
• Revenue was USD 61,000; general and administrative expense more than doubled to USD 16.99 million, driven by higher employee-related costs.
• Other non-operating expense rose to USD 11.88 million from USD 16,000, reflecting a USD 13.1 million non-cash warrant remeasurement loss.
• Unrestricted cash totaled USD 280.8 million at March 31; available undrawn non-recourse project debt was USD 294.6 million, with USD 1.2 billion of capex projected over 12 months.
• Cape Station had 500 MW under construction, with first power expected in late 2026; contracted MW under binding PPAs totaled 658, representing USD 7.2 billion backlog.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fervo Energy Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-044799), on June 23, 2026, and is solely responsible for the information contained therein.