StocksMediumUpdated•Originally published 9 November 2026•Updated 9 November 2026•
1 min read
Fervo Energy Achieves Commercial Operation at Cape Station in Q3 2026
Key Facts
1Fervo Energy reported financial and operational results for the third quarter ended September 30, 2026.
2The company's Cape Station achieved first power and contractual commercial operation during the third quarter.
Fervo Energy reported a loss of $0.07 per share for the third quarter ended September 30, 2026, matching analyst expectations. GlobeNewswire reported that the company's Cape Station achieved its first power generation and contractual commercial operation during the period, marking a significant operational milestone.
The company now holds 1,054 megawatts of capacity under binding power purchase agreements, representing approximately $11.9 billion in contracted revenue. FRVO closed at $9.03 on November 6, 2026, reflecting growth from the end of the second quarter when contracted capacity stood at 658 megawatts with $7.2 billion in revenue.