Net Power Q2 net loss widens to $80.29 million; operating loss widens to $209.94 million
NPWR•Q2 results and costs
- Net Power posted a net loss attributable to shareholders of $80.29 million, widening from $28.14 million a year earlier.
- Operating loss widened to $209.94 million as operating expenses climbed to $209.94 million, driven by a $193.71 million impairment charge.
- R&D expense fell 84% to $4.22 million, while project development spending dropped 96% to $1.13 million as oxy-combustion work wound down.
Strategy shift and liquidity
- The company shifted strategy toward phased natural-gas generation at Project Permian, initially without carbon capture; no binding offtake agreement or FID.
- Total liquidity was $308.37 million at June 30, with $55.8 million of purchase commitments outstanding and no project-level financing committed.
