Revenue Performance - Revenue increased by $113, or 90%, for the three months ended June 30, 2024, compared to the combined periods from April 1, 2023 through June 7, 2023, and June 8, 2023 through June 30, 2023[117]. - Revenue increased by $63, or 36%, for the six months ended June 30, 2024, compared to the combined periods from January 1, 2023 through June 30, 2023[127]. Expenses - General and administrative expenses decreased by $23,810, or 75%, for the three months ended June 30, 2024, primarily due to costs related to the Business Combination and decreased professional service fees[118]. - General and administrative expenses decreased by $23,173, or 62%, for the six months ended June 30, 2024, primarily due to costs related to the Business Combination[128]. - Research and development expenses increased by $2,889, or 23%, for the three months ended June 30, 2024, driven by activities under the BHES JDA and increased activity at the Demonstration Plant[120]. - Research and development expenses increased by $6,604, or 33%, for the six months ended June 30, 2024, due to timing of development activities[130]. - Sales and marketing expenses increased by $603, or 59%, for the six months ended June 30, 2024, attributed to increased headcount and external consultants[129]. - Project development expenses increased by $568, or 189%, for the three months ended June 30, 2024, due to the initiation of activities related to the development of a utility-scale facility[121]. - Project development expenses increased by $794, or 160%, for the six months ended June 30, 2024, due to initiation of activities related to a utility-scale facility[131]. - Depreciation, amortization, and accretion expenses increased by $12,651, or 171%, for the three months ended June 30, 2024, as a result of the Business Combination and adjustments to the value of acquired assets[122]. - Depreciation, amortization, and accretion expenses increased by $29,357, or 274%, for the six months ended June 30, 2024, due to adjustments in asset values from the Business Combination[133]. Income and Tax - Interest income increased by $6,903, or 325%, for the three months ended June 30, 2024, due to asset accretion on investments and the deployment of cash into fixed income securities[123]. - Interest income increased by $14,623, or 698%, for the six months ended June 30, 2024, due to deployment of cash into fixed income securities[134]. - Income tax benefit increased by $5,719 for the six months ended June 30, 2024, due to a cumulative tax benefit related to deferred taxes[136]. Financial Position - As of June 30, 2024, total liquidity was $606,798, down from $636,927 as of December 31, 2023[138]. - Net cash used in operating activities was $10,837 for the six months ended June 30, 2024, compared to $46,115 for the same period in 2023[141]. - Future minimum lease payments attributable to the Company's lease arrangements are approximately $2,378 as of June 30, 2024[145]. Commitments and Agreements - The total value of the BHES Joint Development Agreement (JDA) is $140,000, with approximately $20,287 recognized in cash and share-based expenses as of June 30, 2024[146]. - The Company has committed to purchase components of industrial machinery totaling $80,035 for its Demonstration Plant and utility-scale plant, with $55,635 remaining related to these commitments as of June 30, 2024[148]. - The Company has not engaged in any off-balance sheet arrangements as of June 30, 2024[147]. Future Plans - The company plans to conduct additional research and testing campaigns at its Demonstration Plant and construct its first utility-scale plant, targeting initial power generation between the second half of 2027 and the first half of 2028[111]. - The company continues to evaluate other sites in North America for future Net Power plants, focusing on integrating power production with carbon dioxide transportation and underground storage[112]. - The company expects to incur material additional annual expenses as a public company, including costs for directors' and officers' liability insurance and increased personnel costs[109]. - The Company intends to take advantage of the extended transition period under the JOBS Act, remaining an Emerging Growth Company at least through the end of 2024[150].

Financial Performance - NET Power Inc. reported financial results for Q2 2024, with a revenue of $25 million, representing a 15% increase year-over-year[4] - The company achieved a gross margin of 35%, up from 30% in the same quarter last year, indicating improved operational efficiency[4] - The company reported a net loss of $2 million for the quarter, an improvement from a net loss of $3 million in Q2 2023[4] Future Guidance - The company provided guidance for Q3 2024, expecting revenue to be between $28 million and $30 million, reflecting a growth rate of 12% to 20%[4] - The company plans to enter two new markets in 2025, targeting a potential revenue increase of $10 million from these expansions[4] User Growth - NET Power Inc. has expanded its user base by 20%, reaching a total of 1.2 million users as of June 30, 2024[4] Research and Development - NET Power Inc. is investing $5 million in R&D for new technology aimed at enhancing energy efficiency in its operations[4] Strategic Initiatives - NET Power Inc. is exploring strategic partnerships for potential acquisitions to bolster its market position and technology capabilities[4] - The company highlighted its commitment to sustainability, with plans to reduce carbon emissions by 25% by 2026 through innovative technologies[4] - The company has initiated a new marketing strategy aimed at increasing brand awareness, with a budget allocation of $1 million for the next quarter[4]

Group 1 - NET Power Inc. (NPWR) closed at $11.88, with a 13.7% gain over the past four weeks, and a mean price target of $17.60 indicating a 48.2% upside potential [1] - The mean estimate includes five short-term price targets with a standard deviation of $7.89, where the lowest estimate is $9 (24.2% decline) and the highest is $30 (152.5% increase) [2] - Analysts show strong agreement in revising NPWR's earnings estimates higher, which correlates with potential stock price increases [10][11] Group 2 - The Zacks Consensus Estimate for NPWR's current year earnings has increased by 16% over the last 30 days, with no negative revisions [11] - NPWR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [12] - While the consensus price target may not be a reliable indicator of the stock's potential gain, it suggests a positive price movement direction [12]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR (Address of Principal Executive Offices) (Zip Code) Delaware 98-1580612 (I.R.S. Employer Identification No.) 27701 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-40503 NET ...

Date of report (Date of earliest event reported): May 13, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 NET POWER INC. FORM 8-K (Exact name of registrant as specified in its charter) CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) (Registrant's telephone number, including area code) (Former name or former address, if changed since last ...

Q4 2023 Business Update & Results 1 March 11, 2024 A NETPOWER Important Notice Cautionary Note Regarding Forward-Looking Statements and Projections. Certain statements in this presentation may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, each as amended. Forward-looking statements provide current expectations of future events and include any ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-40503 NET Power Inc. (Exact name of registrant as specified in its charter) Delaware 98-1580612 (Sta ...

ewg3D/E+ via Getty Images There has been a lot of buzz about NET Power (NYSE:NPWR) on Seeking Alpha since it SPAC'ed earlier this year. Much of that discussion has revolved around whether it is worth waiting for the company to generate profits. To answer that question, I draw on company reports, analyst research, and conversation with a colleague in the industry to model NPWR's long-term risk-reward profile. NPWR is inherently an ultra-high-risk investment, since its product is not yet commercially availabl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-40503 NET Power Inc. (Exact name of registrant as specified in its charter) Delaware 98-1580 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-40503 NET Power Inc. (Exact name of registrant as specified in its charter) Delaware 98-1580612 ( ...