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NET Power

NPWR

NET Power Inc. is an energy technology company that develops and operates clean gas power plants designed to provide reliable, low-carbon baseload electricity.

Market cap
$128.16M-45.8%
Net income-$469.1M-199%
Free cash flow-$184.0M-56.7%
EPS (diluted)-$5.89-186%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$9.0M
EPS estimate-$0.07

Financials

Q1 2026

Income statement

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Operating income-$34.2M+92.8%
Net income-$9.9M+91.7%
EPS (diluted)-$0.12+92.3%

Balance sheet

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Cash & equivalents$134.3M-55.6%
Total debt$3.6M+28.6%
Total equity$205.3M-67.8%
Total assets$542.8M-70.5%

Cash flow

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Operating cash flow-$51.1M-151%
CapEx$8.2M-8.2%
Free cash flow-$59.3M-102%

Valuation & ratios

Valuation

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Market cap$128.16M-45.8%
Enterprise value-$2.64M-95.5%

Returns & leverage

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Return on equity-111.4%-154pp
Debt / equity0.0×
Current ratio23.8×+0.5×

Competitors

Profile

NET Power Inc. is an energy technology company that develops and operates clean gas power plants designed to provide reliable, low-carbon baseload electricity. The company utilizes advanced natural gas turbines integrated with post-combustion carbon capture (PCC) technology to generate firm power while capturing CO2 emissions. Its core value proposition centers on delivering affordable, dispatchable energy that supports grid reliability and corporate decarbonization targets.

Competitive position

NET Power positions itself as a provider of 'clean firm power,' bridging the gap between intermittent renewables and carbon-intensive traditional baseload generation.

GeographiesUnited States
Customer segmentsEnterprise, Industrial, Utilities, Government
Business modelBuild-Own-Operate, IP Licensing, Project Development
SuppliersNatural gas suppliers, Gas turbine manufacturers, Amine-based solvent providers, EPC contractors
CustomersWholesale electricity markets, Data center operators, Industrial CO2 users, Enhanced Oil Recovery (EOR) operators
Listed2021
Employees43.0
CEODaniel Joseph Rice
FilingsSEC EDGAR

Questions, answered.

What is NET Power's market cap?
NET Power (NPWR) has a market capitalization of $128.2M and trades on NYSE.
Who are NET Power's competitors?
NET Power's key competitors include NuScale Power, Ormat Technologies, NextEra Energy, and others. These companies compete in similar markets and product categories.
Who does NET Power partner with?
NET Power's notable partners include Entropy Inc., 8 Rivers, Baker Hughes, and others.
What subsidiaries does NET Power have?
NET Power's subsidiaries include NPI, NPT.
Where is NET Power headquartered?
NET Power is headquartered in United States of America and employs approximately 43 people. It has been publicly traded since 2021.