Fervo Energy Co. (FRVO)
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Fervo Energy Co. (FRVO) reported revenue of $113,000 for Q2 FY2026, the quarter ended 30 June 2026. Net income was -$56 million, and diluted earnings per share $-0.38. The figures are the company's own, from the 10-Q it filed with the SEC on 13 August 2026.
Revenue$113,000
Net income-$56 million
Diluted EPS$-0.38
QuarterQ2 FY2026ended 30 June 2026
Fervo Energy (FRVO) in brief
Fervo Energy had 295 million shares outstanding at the latest filed count.
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At the close of 30 October 2026 the market cap of Fervo Energy was $2.4 billion.Ratios
From the filings
ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity0.08
Cash conversionn/a
Share count, last 12 months1,675.2%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTMn/a
At the close of 30 October 2026
Price$8.28
Market cap$2.4 billion
Stock P/En/a
Price to book0.87
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$42.50
52-week low$7.97
Price, 1 yearn/a
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
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The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Fervo Energy Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.FRVOgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on FRVO
| Filings | 9 in twelve months: 6 current reports (8-K), about 3 regulation FD disclosure; 2 other events; 2 results of operations; 1 officer or director change; 1 charter or bylaw amendment, or fiscal year change |
| Planned insider sales | no Form 144 notice in twelve months |
| Options tape | put/call 0.36 by open interest at the 30 October 2026 close; the straddle prices a 21.7% move to 20 November 2026 |
| 13F holders | 183 funds reported a position for the quarter to 30 June 2026; largest Devon Energy Corp |
| Insider trading | 0 sales and 0 purchases on Form 4 in twelve months |
| Congress | 0 House trades disclosed in six months |
| Short interest | 23.6 million shares short, 2.48 days to cover at 15 October 2026 |
| Documents | the 10-K, the 10-Qs, the proxy and 2 earnings press releases, each linked |
Quarterly results, the last 4 quarters
| Q1 FY2025 | Q2 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.1 | 0.1 |
| Cost of revenue | 0.3 | 0.2 | 0.5 | 0.3 |
| Gross profit | -0.3 | -0.2 | -0.4 | -0.2 |
| Gross margin | n/a | n/a | -690% | -171% |
| Operating income | -9.9 | -10.3 | -20.1 | -28.7 |
| Operating margin | n/a | n/a | -32872% | -25435% |
| Interest expense | 1.2 | 1.7 | 2.7 | 2.2 |
| Pre-tax income | -9.1 | -11.4 | -31.8 | -55.9 |
| Net income | -9.1 | -11.4 | -31.8 | -55.9 |
| Net margin | n/a | n/a | -52180% | -49482% |
| Diluted EPS | -$1.02 | -$1.31 | -$3.72 | -$0.38 |
| Operating cash flow | 17.1 | -10.9 | -9.0 | -34.7 |
| Capital expenditure | 105 | 108 | 173 | 226 |
| Free cash flow | -88.4 | -119 | -182 | -261 |
| Buybacks | 1.9 | 0.0 | 0.0 | 0.0 |
| Shares outstanding | n/a | n/a | 295m | 295m |
| Filing | 10-Q | 10-Q | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Questions
What is Fervo Energy's market cap?
The market cap of Fervo Energy was $2.4 billion at the close of 30 October 2026.
Peers: Utilities
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| NextEra Energy Inc. NEE | $175.6 billion | 15.09 | 18.9% | 30.0% | 9.6% | 1.85 | 2.9% |
| Southern Co. SO | $107.8 billion | 22.58 | 11.0% | 24.2% | 6.4% | 1.78 | 3.2% |
| Constellation Energy Corp. CEG | $93.2 billion | 25.57 | 10.8% | 14.7% | 26.0% | 0.77 | 0.6% |
| American Electric Power Co. Inc. AEP | $70.9 billion | 21.27 | 10.2% | 23.4% | 11.1% | 1.60 | 2.9% |
| Dominion Energy, Inc. D | $58.6 billion | 22.14 | 9.1% | 22.5% | 21.5% | 1.66 | 4.0% |
| Entergy Corp. ETR | $51.4 billion | 28.22 | 9.9% | 22.9% | 9.5% | 1.90 | 2.3% |
| Vistra Corp. VST | $46.5 billion | 23.34 | 40.5% | 18.5% | 3.8% | 3.57 | 0.7% |
| DTE Energy Co. DTE | $28.2 billion | 21.40 | 10.8% | 13.3% | 15.9% | 2.27 | 3.3% |
| Centerpoint Energy Inc. CNP | $28.1 billion | 24.25 | 9.8% | 24.4% | 7.8% | 2.12 | 2.1% |
| Firstenergy Corp. FE | $27.2 billion | 22.56 | 9.3% | 14.9% | 12.2% | 2.32 | 3.8% |
| PPL Corp. PPL | $26.8 billion | 21.10 | 8.4% | 24.1% | 6.7% | 1.35 | 3.1% |
| Eversource Energy ES | $25.8 billion | 17.77 | 8.9% | 21.5% | 7.8% | 1.78 | 4.5% |
All 96 in Utilities
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| NextEra Energy Inc. NEE | $175.6 billion | 15.09 | 18.9% | 30.0% | 9.6% | 1.85 | 2.9% |
| Southern Co. SO | $107.8 billion | 22.58 | 11.0% | 24.2% | 6.4% | 1.78 | 3.2% |
| Duke Energy Corp. DUK | $99.4 billion | 19.17 | 9.6% | 27.8% | 6.3% | 1.67 | 3.3% |
| Constellation Energy Corp. CEG | $93.2 billion | 25.57 | 10.8% | 14.7% | 26.0% | 0.77 | 0.6% |
| Williams Companies, Inc. WMB | $91.0 billion | 29.63 | 23.3% | 38.2% | 8.7% | 2.13 | 2.8% |
| National Grid plc NGG * | $87.3 billion | 19.25 | 8.2% | 30.7% | -3.8% | 1.19 | 2.5% |
| Enterprise Products Partners L.P. EPD | $82.4 billion | 13.24 | n/a | 13.4% | 6.8% | n/a | n/a |
| Kinder Morgan, Inc. KMI | $75.5 billion | 20.91 | 11.4% | 29.0% | 11.7% | 1.05 | 3.5% |
| American Electric Power Co. Inc. AEP | $70.9 billion | 21.27 | 10.2% | 23.4% | 11.1% | 1.60 | 2.9% |
| Targa Resources Corp. TRGP | $67.5 billion | 30.11 | 62.0% | 22.9% | -2.0% | 5.35 | 1.3% |
| Cheniere Energy, Inc. LNG | $67.5 billion | 23.05 | 46.3% | 28.1% | 22.5% | 3.68 | n/a |
| TC Energy Corporation TRP * | $67.2 billion | 27.61 | 12.9% | 52.7% | 10.7% | 2.20 | 3.7% |
| ONEOK Inc. OKE | $61.2 billion | 15.07 | 17.4% | 14.2% | 36.8% | 1.22 | 4.4% |
| Dominion Energy, Inc. D | $58.6 billion | 22.14 | 9.1% | 22.5% | 21.5% | 1.66 | 4.0% |
| Sempra SRE | $56.3 billion | 24.95 | 7.0% | n/a | 1.6% | 1.12 | 3.0% |
| Entergy Corp. ETR | $51.4 billion | 28.22 | 9.9% | 22.9% | 9.5% | 1.90 | 2.3% |
| Xcel Energy Inc. XEL | $50.7 billion | 18.61 | 10.5% | 21.7% | 4.5% | 1.59 | 2.9% |
| Exelon Corp. EXC | $47.8 billion | 17.91 | 8.8% | 19.8% | 6.7% | 1.77 | 3.6% |
| Vistra Corp. VST | $46.5 billion | 23.34 | 40.5% | 18.5% | 3.8% | 3.57 | 0.7% |
| Consolidated Edison Inc. ED | $43.1 billion | 19.15 | 8.6% | 18.0% | 9.5% | 1.08 | n/a |
| WEC Energy Group, Inc. WEC | $38.2 billion | 21.07 | 12.1% | 23.5% | 8.1% | 1.52 | 3.2% |
| Public Service Enterprise Group Inc. PEG | $37.1 billion | 18.49 | 11.6% | 23.1% | 12.7% | 1.42 | 3.5% |
| Venture Global, Inc. VG | $37.0 billion | 11.64 | 38.9% | 37.6% | 100.7% | 4.88 | 0.2% |
| Cheniere Energy Partners, L.P. CQP | $32.4 billion | n/a | n/a | 34.2% | 13.2% | n/a | n/a |
| Ameren Corp. AEE | $30.6 billion | 19.46 | 11.4% | 24.9% | 3.8% | 1.50 | 2.6% |
| Atmos Energy Corp. ATO | $29.1 billion | 20.58 | 9.2% | 37.0% | 6.5% | 0.68 | 2.0% |
| Pg&E Corp. PCG | $29.0 billion | 9.76 | 8.6% | 20.2% | 4.1% | 1.88 | n/a |
| American Water Works Company, Inc. AWK | $28.8 billion | 25.03 | 9.5% | 37.0% | 5.4% | 1.37 | 2.4% |
| DTE Energy Co. DTE | $28.2 billion | 21.40 | 10.8% | 13.3% | 15.9% | 2.27 | 3.3% |
| Centerpoint Energy Inc. CNP | $28.1 billion | 24.25 | 9.8% | 24.4% | 7.8% | 2.12 | 2.1% |
| Firstenergy Corp. FE | $27.2 billion | 22.56 | 9.3% | 14.9% | 12.2% | 2.32 | 3.8% |
| PPL Corp. PPL | $26.8 billion | 21.10 | 8.4% | 24.1% | 6.7% | 1.35 | 3.1% |
| Eversource Energy ES | $25.8 billion | 17.77 | 8.9% | 21.5% | 7.8% | 1.78 | 4.5% |
| Edison International EIX | $22.6 billion | 6.25 | 20.3% | 31.8% | 2.6% | 2.33 | 6.0% |
| CMS Energy Corp. CMS | $22.0 billion | 25.04 | 9.0% | 13.8% | 8.2% | 2.06 | 3.2% |
| Nisource Inc. NI | $21.4 billion | 22.85 | 9.8% | 27.4% | 10.0% | 1.91 | 2.7% |
| NRG Energy, Inc. NRG | $20.2 billion | 24.95 | 17.5% | 6.1% | 12.8% | 4.82 | 1.9% |
| Evergy, Inc. EVRG | $19.8 billion | 21.86 | 9.1% | 26.2% | 3.6% | 1.61 | 3.2% |
| Western Midstream Partners, LP WES | $19.2 billion | 14.59 | n/a | 40.2% | 18.0% | n/a | n/a |
| Alliant Energy Corp. LNT | $18.6 billion | 19.96 | 12.0% | 22.6% | 5.4% | 1.61 | 2.9% |
| Talen Energy Corp. TLN | $16.4 billion | n/a | -11.4% | 2.6% | 60.8% | 5.92 | n/a |
| Pinnacle West Capital Corp. PNW | $12.9 billion | 20.37 | 9.1% | 20.5% | 5.7% | 1.62 | 3.4% |
| DT Midstream, Inc. DTM | $12.7 billion | 27.08 | 9.8% | 49.4% | 13.4% | 0.68 | 2.8% |
| Essential Utilities, Inc. WTRG | $12.4 billion | 22.21 | 7.9% | 35.1% | 9.9% | 1.21 | 4.3% |
| OGE Energy Corp. OGE | $10.2 billion | 18.59 | 10.6% | 25.8% | 2.4% | 1.12 | 3.4% |
| Antero Midstream Corp. AM | $10.2 billion | 15.11 | 30.5% | 81.3% | 7.3% | 1.42 | 4.2% |
| Kinetik Holdings Inc. KNTK | $9.2 billion | 20.50 | n/a | 10.5% | 14.1% | n/a | n/a |
| Idacorp Inc. IDA | $8.6 billion | 22.35 | 9.2% | 23.5% | 4.5% | 0.95 | 2.4% |
| Entergy Arkansas, LLC EAI | $8.5 billion | 4.67 | 9.9% | 22.9% | n/a | 1.90 | 13.4% |
| UGI Corp. UGI | $8.3 billion | 12.93 | 12.9% | 16.2% | -0.5% | 1.35 | 3.9% |
| National Fuel Gas Co. NFG | $7.6 billion | 11.05 | 17.2% | 40.3% | 15.1% | 0.91 | 2.7% |
| Southwest Gas Holdings, Inc. SWX | $6.7 billion | n/a | n/a | n/a | n/a | 0.85 | 2.7% |
| Clearway Energy, Inc. CWEN | $6.6 billion | 41.64 | 1.7% | 13.4% | 9.9% | 1.66 | n/a |
| Txnm Energy Inc. TXNM | $6.4 billion | 28.16 | 6.3% | 24.4% | 10.0% | 1.58 | 2.9% |
| Black Hills Corp. BKH | $6.3 billion | 20.71 | 7.6% | 23.9% | 2.5% | 1.14 | 3.4% |
| Archrock, Inc. AROC | $5.6 billion | 17.04 | 21.2% | n/a | 11.5% | 1.51 | 2.7% |
| Ormat Technologies, Inc. ORA | $5.5 billion | 44.16 | 4.9% | 16.6% | 31.1% | 0.60 | 0.5% |
| New Jersey Resources Corp. NJR | $5.4 billion | 14.70 | 13.9% | 24.8% | 6.4% | 1.40 | 3.6% |
| Portland General Electric Co. POR | $5.3 billion | 19.06 | 6.3% | 14.4% | 1.2% | 1.16 | 4.8% |
| Spire Inc. SR | $5.2 billion | 9.81 | 15.3% | 19.7% | 4.1% | 2.03 | 3.7% |
| One Gas, Inc. OGS | $4.9 billion | 16.92 | 8.1% | 20.6% | -0.8% | 0.96 | 3.4% |
| NorthWestern Energy Group, Inc. NWE | $4.9 billion | 28.84 | 5.9% | 18.8% | 10.7% | 1.24 | 3.3% |
| Kodiak Gas Services, Inc. KGS | $4.7 billion | 55.77 | 3.7% | 27.4% | 8.2% | 1.26 | 4.1% |
| MDU Resources Group Inc. MDU | $4.2 billion | 20.77 | 6.7% | 17.0% | -1.1% | 0.88 | 2.8% |
| Otter Tail Corp. OTTR | $3.8 billion | 19.48 | 10.4% | 17.2% | -0.2% | 0.67 | 2.4% |
| American States Water Co. AWR | $3.4 billion | 23.67 | 12.8% | 31.8% | 13.2% | 0.81 | 2.3% |
| Chesapeake Utilities Corp. CPK | $3.3 billion | 21.75 | 9.0% | 27.3% | 14.6% | 1.01 | 2.0% |
| Avista Corp. AVA | $3.1 billion | 13.56 | 8.0% | 18.8% | -1.8% | 1.16 | 5.2% |
| California Water Service Group CWT | $3.0 billion | 21.64 | 7.2% | 19.4% | 4.8% | 0.86 | 2.7% |
| H2O America HTO | $2.9 billion | 23.42 | 4.8% | 20.7% | 4.2% | 0.95 | 2.9% |
| MGE Energy Inc. MGEE | $2.8 billion | 18.12 | 10.4% | 22.0% | 7.1% | 0.65 | 2.6% |
| Fervo Energy Co. FRVO | $2.4 billion | n/a | n/a | n/a | n/a | 0.08 | n/a |
| Centuri Holdings, Inc. CTRI | $2.2 billion | 69.45 | 3.3% | 2.7% | 25.2% | 0.83 | n/a |
| Northwest Natural Holding Co. NWN | $2.1 billion | 16.64 | 8.1% | 22.8% | 4.4% | 1.68 | 3.9% |
| NGL Energy Partners LP NGL | $2.1 billion | n/a | n/a | 4.0% | 5.8% | n/a | n/a |
| NextDecade Corp. NEXT | $2.0 billion | n/a | -83.8% | n/a | n/a | 107.19 | n/a |
| Hawaiian Electric Industries Inc. HE | $1.5 billion | 6.70 | 12.9% | 11.5% | 5.1% | 1.29 | n/a |
| New Fortress Energy Inc. NFE | $1.4 billion | n/a | n/a | -84.3% | -36.9% | n/a | n/a |
| Excelerate Energy, Inc. EE | $1.1 billion | 24.39 | 2.1% | 21.8% | 49.0% | 0.48 | n/a |
| Middlesex Water Co. MSEX | $1.1 billion | 20.50 | 9.5% | 30.5% | 8.9% | 0.80 | 2.5% |
| Unitil Corp. UTL | $1.0 billion | 17.65 | 8.8% | 18.9% | 20.8% | 1.49 | 3.3% |
| Xplr Infrastructure, LP XIFR | $893 million | 14.57 | 0.6% | 0.0% | -2.8% | 0.57 | n/a |
| Hallador Energy Co. HNRG | $529 million | 561.50 | -0.5% | 3.7% | 6.5% | 0.23 | n/a |
| York Water Co. YORW | $513 million | 19.64 | 8.1% | 36.6% | 9.4% | 0.64 | 2.9% |
| Genie Energy Ltd. GNE | $434 million | 17.18 | 9.8% | 4.0% | 10.0% | 0.03 | 1.8% |
| Consolidated Water Co. Ltd. CWCO | $431 million | 27.19 | 7.2% | 12.3% | -1.2% | 0.00 | 2.1% |
| Cadiz Inc. CDZI | $384 million | n/a | -789.7% | -236.1% | -21.3% | 18.65 | n/a |
| Artesian Resources Corp. ARTNA | $347 million | 14.73 | 9.2% | 25.0% | 5.9% | 0.72 | 3.7% |
| Summit Midstream Corp. SMC | $330 million | n/a | -0.6% | 14.6% | 20.9% | 2.07 | n/a |
| Montauk Renewables, Inc. MNTK | $317 million | 44.20 | 3.0% | 0.6% | 4.3% | 0.57 | n/a |
| Clean Energy Fuels Corp. CLNE | $316 million | n/a | -17.0% | -7.3% | 5.2% | 0.41 | n/a |
| Pure Cycle Corp. PCYO | $258 million | 17.54 | 9.7% | 37.7% | 22.9% | 0.09 | n/a |
| RGC Resources Inc. RGCO | $239 million | 17.11 | 11.4% | 17.3% | 13.8% | 1.21 | 3.8% |
| Global Water Resources, Inc. GWRS | $223 million | 64.62 | 3.7% | 13.6% | 10.8% | 1.62 | 3.9% |
| Stabilis Solutions, Inc. SLNG | $81 million | n/a | -13.4% | -16.2% | -19.7% | 0.13 | n/a |
| Ocean Power Technologies, Inc. OPTT | $4 million | n/a | n/a | -1,088.8% | -25.8% | 1.17 | n/a |
29 companies share its SEC industry code (Electric Services); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.