Fervo Energy Co
FRVOUtilities·Utilities - Renewable·USA·Mid·NASD·Nov 11 • 3:59 PM ET
12.94+1.56 (13.71%)
2026-11-11 23:43 CET
Market cap
3,354.40 USD m
Revenue, TTM
0.12 USD m
Net income, TTM
-20.82 USD m
Free cash flow, TTM
-268.42 USD m
EPS diluted, TTM
-0.07
P/E
-
Price
FRVO against its 20 and 50-day averages2050missearnings
69.7% under the 52-week high of 42.65 on 15 May 2026. 52-week low 7.64 on 5 Nov 2026. Last 15 sessions, 73.9% high to low
Volume 1.60× normal · the line is the 50-bar volume average
Profile
FRVO52-week range, 15% of the way up
7.6442.65
Fervo Energy Co. operates as a energy company. It builds and operates power facilities in extracting geothermal energy. The company was founded by Jack Norbeck and Timothy Latimer in 2017 and is headquartered in Berkeley, CA.
| Index | RUI |
|---|---|
| Employees | 199 |
| IPO | May 13, 2026 |
| ATR, 14d | 1.17 |
| Rel volume | 1.60 |
| Short float | 10.62% |
| Insider own | 38.07% |
| Inst own | 44.53% |
Snapshot
6 groupsValuation
| Index | RUI |
|---|---|
| Market Cap | 3.81B |
| Enterprise Value | 2.55B |
| Income | - |
| Sales | - |
| Book/sh | 9.46 |
| Cash/sh | 6.50 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 199 |
| IPO | May 13, 2026 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 1.37 |
| P/C | 1.99 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 7.94 |
| Current Ratio | 7.94 |
| Debt/Eq | 0.15 |
| LT Debt/Eq | 0.14 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | - |
|---|---|
| EPS next Y | - |
| EPS next Q | -0.06 |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | - - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | - |
| Sales Y/Y TTM | - |
| EPS Q/Q | -79.19% |
| Sales Q/Q | - |
| Earnings | Nov 09 BMO |
| EPS/Sales Surpr. | 18.70% -12.32% |
Ownership
| Insider Own | 38.07% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 44.53% |
| Inst Trans | 73.57% |
| ROA | - |
| ROE | - |
| ROIC | - |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 39.99% |
| SMA50 | 0.83% |
| SMA200 | -41.44% |
| Trades | - |
Technical
| Shs Outstand | 287.09M |
|---|---|
| Shs Float | 182.53M |
| Short Float | 10.62% |
| Short Ratio | 2.38 |
| Short Interest | 19.39M |
| 52W High | 42.65 -69.66% |
| 52W Low | 7.64 69.48% |
| Volatility | 16.19% 10.03% |
| ATR (14) | 1.17 |
| RSI (14) | 60.94 |
| Beta | - |
| Rel Volume | 1.60 |
| Avg Volume | 8.15M |
| Volume | 13,078,535 |
Performance
| Perf Week | 45.39% |
|---|---|
| Perf Month | 8.01% |
| Perf Quarter | -36.32% |
| Perf Half Y | -64.59% |
| Perf YTD | -64.06% |
| Perf Year | - |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.20 |
| Target Price | 29.43 |
| Prev Close | 11.38 |
| Price | 12.94 |
| Change % | 13.71% |
Analyst ratings
latest 10 of 20| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Nov 06, 2026 | Initiated | NNeedham | Buy | $17 | +31.4% |
| Oct 29, 2026 | Initiated | MMorgan Stanley | Overweight | $23 | +77.7% |
| Sep 25, 2026 | Upgrade | WWolfe Research | Peer Perform → Outperform | $29 | +124.1% |
| Sep 25, 2026 | Initiated | WWolfe Research | Outperform | $29 | +124.1% |
| Sep 24, 2026 | Initiated | JJohnson Rice | Buy | $35 | +170.5% |
| Sep 10, 2026 | Initiated | NNorthland Capital | Outperform | $27 | +108.7% |
| Jul 20, 2026 | Upgrade | JJefferies | Hold → Buy | $34 | +162.8% |
| Jul 17, 2026 | Upgrade | BBofA Securities | Neutral → Buy | $36 | +178.2% |
| Jun 17, 2026 | Initiated | BBernstein | Outperform | $47 | +263.2% |
| Jun 12, 2026 | Initiated | RRoth Capital | Buy | $45 | +247.8% |
Peers
Mkt capInsider trading
3 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Latimer Timothy Michael | Chief Executive Officer | Oct 23 '26 | Option Exercise | 1.31 | 10,000 | 13,100 | 10,000 | Nov 02 07:30 PM |
| Torres Gustavo Jr. | Chief Legal Officer | Oct 26 '26 | Option Exercise | 1.37 | 15,000 | 20,550 | 155,764 | Oct 28 07:43 PM |
| Jewett Sarah Allison | Chief Operating Officer | Oct 20 '26 | Option Exercise | 1.31 | 59,125 | 77,454 | 416,808 | Oct 22 09:00 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| VPU | Vanguard Utilities ETF | AUM: 8.19B |
| VBR | Vanguard Morningstar Small-Cap Value ETF | AUM: 37.76B |
| VBK | Vanguard Morningstar Small-Cap Growth ETF | AUM: 22.34B |
| ATFV | Alger 35 ETF | AUM: 554.84M |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| IWR | iShares Russell Mid-Cap ETF | AUM: 58.68B |
| PBW | Invesco WilderHill Clean Energy ETF | AUM: 303.43M |
News
latest 14 of 130- Gates-Backed Fervo Stock Rises After Its Utah Power Plant Achieves 'Commercial Operation' (Barrons.com) +26.09%
- Fervo Energy Beats On A Narrower Loss As Cape Station Goes Live And Google Deal Lifts Backlog, But Shares Sit 65% Below Their Post-IPO Report Level (Earnings Whispers)
- Fervo: Q3 Earnings Snapshot (Associated Press)
- Fervo Energy Reports Third Quarter 2026 Results (GlobeNewswire)
- An overlooked energy source could solve AI's power crunch - and these 2 stocks are prime plays (MarketWatch) +12.97%
- Fervo's Cape First-Power Timeline Faces Its Real Test After A 68% Slide (Earnings Whispers)
- Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO (PR Newswire) -7.95%
- Fervo Energy to Report Third Quarter 2026 Results on November 9, 2026 (GlobeNewswire)
- JPMorgan Deployed $230 Billion in First Year of Security Effort (Bloomberg) -5.99%
- Fervo Energy Invites Investors to See the World's First Commercial Greenfield Enhanced Geothermal Deployment (GlobeNewswire) -5.65%
- Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO (PR Newswire) -6.92%
- Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO - HBSS (PR Newswire)
- Fervo Energy Launches Ground Truth, a Six-Part Podcast on the Creation of America's Leading Next-Generation Geothermal Company (GlobeNewswire)
- Why Did JOBY, FRVO, PEP Stocks Plunge To 52-Week Lows Today? (Stocktwits) -6.85% +6.46%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-09 | -0.070 | -0.086 | -0.070 | 0.12 | 0.13 | 11 |
| 2026Q2 | 2026-08-12 | -0.380 | -0.074 | -0.202 | 0.11 | 0.24 | 8 |
| 2026Q1 | 2026-06-22 | -3.720 | -0.055 | -0.120 | 0.06 | 0.34 | 6 |
| 2026Q4 | - | - | -0.055 | - | - | 5.50 | 11 |
| 2027Q1 | - | - | -0.109 | - | - | 14.76 | 10 |
| 2027Q2 | - | - | -0.113 | - | - | 16.61 | 10 |
| 2027Q3 | - | - | -0.135 | - | - | 18.32 | 9 |
| 2027Q4 | - | - | -0.126 | - | - | 21.47 | 9 |
| 2028Q1 | - | - | -0.133 | - | - | 23.72 | 3 |
| 2028Q2 | - | - | -0.157 | - | - | 21.77 | 3 |
| 2028Q3 | - | - | -0.023 | - | - | 63.61 | 3 |
| 2028Q4 | - | - | 0.120 | - | - | 93.25 | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | -0.330 | - | -0.239 | 0.00 | - |
| 2026FY | - | -0.154 | - | - | 6.41 |
| 2027FY | - | -0.265 | - | - | 78.97 |
| 2028FY | - | -0.146 | - | - | 233.36 |
| 2029FY | - | 0.296 | - | - | 526.34 |
| 2030FY | - | 0.709 | - | - | 806.71 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-09 | 10 | 3 | 3 | 5.50 | 3.00 | 7.90 |
| 2026Q4 | S | 2026-11-06 | 10 | 2 | 1 | 4.75 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-11-05 | 10 | 2 | 1 | 4.75 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-10-31 | 9 | 2 | 1 | 4.82 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-10-27 | 9 | 2 | 2 | 4.82 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-10-26 | 9 | 2 | 3 | 4.82 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-10-16 | 9 | 2 | 5 | 4.82 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-10-08 | 9 | 2 | 4 | 4.82 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-09-30 | 9 | 1 | 5 | 4.72 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-09-25 | 10 | 1 | 5 | 4.45 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-09-09 | 10 | 1 | 4 | 4.46 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-09-05 | 9 | 1 | 4 | 4.61 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-09-01 | 9 | 1 | 5 | 4.61 | 0.00 | 7.44 |
| 2026Q4 | S | 2026-08-17 | 9 | 0 | 5 | 4.57 | 0.00 | 7.30 |
Estimate history
| EPS, annual | -0.14 | -0.239 | ||||
|---|---|---|---|---|---|---|
| Period | 2024 | 2025 | ||||
| EPS, quarterly | -0.031 | -0.039 | -0.058 | -0.12 | -0.202 | -0.071 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0.199 | 0.138 | ||||
| Period | 2024 | 2025 | ||||
| Sales, quarterly | 0 | 0 | 0.055 | 0.061 | 0.113 | 0.116 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 294.645 | 294.645 | 294.878 | |||
| Period | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 294.645 | 294.763 | 294.645 | 294.645 | 294.763 | 294.878 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY |
|---|---|---|---|
| Total Revenue | 0.12 | 0.14 | 0.20 |
| Cost of Goods Sold Incl. D&A | 1.83 | 0.68 | 0.50 |
| Gross Profit | -1.72 | -0.54 | -0.30 |
| Selling, General and Administrative Excl. Other | 42.03 | 48.27 | 41.53 |
| Research and Development | 0.07 | -0.13 | -0.10 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 |
| Operating Income | -43.75 | -48.81 | -41.84 |
| Interest Expense | 2.14 | 8.41 | 0.77 |
| Unusual Expense | -11.84 | 3.40 | 0.00 |
| Net Income Before Taxes | -18.25 | -57.79 | -41.05 |
| Income Taxes | -29.91 | 0.00 | 0.06 |
| Consolidated Net Income | 11.66 | -57.79 | -41.11 |
| Net Income From Continuing Operations | -20.82 | -70.52 | -41.11 |
| Net Income | -20.82 | -70.52 | -41.11 |
| EPS (Recurring) | -0.10 | -0.23 | -0.14 |
| EPS (Basic, Before Extraordinaries) | -0.07 | -0.24 | -0.14 |
| EPS (Diluted) | -0.07 | -0.24 | -0.14 |
| EBITDA | -43.40 | -48.52 | -41.71 |
| Non-Operating Income (Expense) | 15.80 | 2.83 | 1.55 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.23 | 2.11 | 1.08 |
| Gross Margin | - | -391.30 | -153.27 |
| Operating Margin | - | -35,366.67 | -21,024.12 |
| Net Margin | - | -51,097.83 | -20,658.29 |
| Shares Outstanding | 294.88 | 294.64 | 294.64 |
| Market Capitalization | 3,354.40 | 3,354.40 | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Total Revenue | 0.12 | 0.11 | 0.06 | 0.06 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 1.83 | 0.65 | 0.57 | 0.47 | 0.21 | 0.05 |
| Gross Profit | -1.72 | -0.54 | -0.51 | -0.41 | -0.21 | -0.05 |
| Selling, General and Administrative Excl. Other | 42.03 | 28.20 | 19.54 | 13.25 | 10.08 | 9.63 |
| Research and Development | 0.07 | -0.71 | -0.07 | -0.07 | 0.40 | -0.04 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 |
| Operating Income | -43.75 | -28.74 | -20.05 | -13.66 | -10.30 | -9.93 |
| Interest Expense | 2.14 | 2.21 | 2.72 | 2.44 | 1.74 | 1.23 |
| Unusual Expense | -11.84 | 26.90 | 13.10 | - | 0.00 | 0.00 |
| Net Income Before Taxes | -18.25 | -55.91 | -31.83 | -15.79 | -11.44 | -9.15 |
| Income Taxes | -29.91 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 11.66 | -55.91 | -31.83 | -15.79 | -11.44 | -9.15 |
| Net Income From Continuing Operations | -20.82 | -59.53 | -35.26 | -16.94 | -11.63 | -9.15 |
| Net Income | -20.82 | -59.53 | -35.26 | -16.94 | -11.63 | -9.15 |
| EPS (Recurring) | -0.10 | -0.14 | -0.09 | -0.06 | -0.04 | -0.03 |
| EPS (Basic, Before Extraordinaries) | -0.07 | -0.20 | -0.12 | -0.06 | -0.04 | -0.03 |
| EPS (Diluted) | -0.07 | -0.20 | -0.12 | -0.06 | -0.04 | -0.03 |
| EBITDA | -43.40 | -28.40 | -19.96 | -13.55 | -10.24 | -9.88 |
| Non-Operating Income (Expense) | 15.80 | 1.94 | 4.04 | 0.31 | 0.60 | 2.01 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.23 | 6.50 | 2.62 | 0.48 | 0.61 | 0.49 |
| Gross Margin | -1,479.31 | -475.22 | -842.62 | -749.09 | - | - |
| Operating Margin | -37,712.07 | -25,435.40 | -32,872.13 | -24,834.55 | - | - |
| Net Margin | -17,945.69 | -52,678.76 | -57,809.84 | -30,798.18 | - | - |
| Shares Outstanding | 294.88 | 294.76 | 294.64 | 294.64 | 294.76 | 294.64 |
| Market Capitalization | 3,354.40 | 8,612.47 | 9,360.87 | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY |
|---|---|---|
| Cash & Short Term Investments | 461.84 | 193.43 |
| Short Term Receivables | 10.58 | 3.95 |
| Inventories | 0.00 | 0.00 |
| Other Current Assets | 9.71 | 7.92 |
| Total Current Assets | 482.13 | 205.30 |
| Net Property, Plant & Equipment | 851.98 | 285.37 |
| Total Investments and Advances | 6.00 | 6.00 |
| Other Assets | 25.05 | 34.63 |
| Total Assets | 1,365.17 | 531.30 |
| Short Term Debt Incl. Current Port. of LT Debt | 4.82 | 1.93 |
| Accounts Payable | 10.79 | 35.04 |
| Other Current Liabilities | 136.30 | 29.86 |
| Total Current Liabilities | 151.91 | 66.83 |
| Long Term Debt | 245.48 | 79.87 |
| Provision for Risks Charges | 1.19 | 0.30 |
| Other Liabilities | 10.21 | 0.00 |
| Total Liabilities | 408.79 | 146.99 |
| Non-Equity Reserves | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 1,022.94 | 561.50 |
| Common Equity | -246.50 | -177.19 |
| Total Shareholders Equity | 776.44 | 384.31 |
| Accumulated Minority Interest | 179.93 | 0.00 |
| Total Equity | 956.37 | 384.31 |
| Total Liabilities & Stockholders Equity | 1,365.17 | 531.30 |
| Book Value Per Share | -0.84 | -0.60 |
| Tangible Book Value Per Share | -0.84 | -0.60 |
| Full-Time Employees | 199 | - |
| Price to Book Ratio | 1.20 | - |
| Return on Assets | -7.44 | - |
| Return on Equity | -12.15 | - |
| Return on Invested Capital | -6.90 | -8.86 |
| Quick Ratio | 3.17 | 3.07 |
| Current Ratio | 3.17 | 3.07 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY |
|---|---|---|---|
| Net Income | 11.66 | -57.79 | -41.11 |
| Depreciation | 0.35 | 0.29 | 0.12 |
| Other Funds (Non Cash) | 3.25 | 13.65 | 6.15 |
| Funds from Operations | -14.66 | -43.84 | -34.84 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 2.98 | 12.09 | -19.91 |
| Cash from Operating Activities | -11.68 | -31.76 | -54.75 |
| Capital Expenditures | -256.74 | -465.66 | -178.69 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -256.74 | -465.66 | -178.69 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | - | - |
| Change in Capital Stock | 3.44 | 634.02 | 367.20 |
| Repurchase of Common Pref Stock | 0.00 | -1.94 | 0.00 |
| Sale of Common Pref Stock | 3.44 | 635.96 | 367.20 |
| Proceedsfrom Stock Options | 22.19 | 629.14 | 367.20 |
| Issuance or Reduction of Debt, Net | 75.09 | 131.81 | 36.56 |
| Change in Long Term Debt | 75.09 | 131.81 | 36.56 |
| Issuance of Long Term Debt | 75.09 | 131.81 | 36.56 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 78.53 | 765.82 | 403.75 |
| Net Change in Cash | -189.89 | 268.41 | 170.31 |
| Free Cash Flow | -268.42 | -497.42 | -233.44 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 1,916.48 | 2,106.37 | 280.78 | - | - | - |
| Short Term Receivables | 9.50 | 17.18 | 16.75 | - | - | - |
| Inventories | 0.00 | 0.00 | 0.00 | - | - | - |
| Other Current Assets | 21.37 | 30.63 | 10.34 | - | - | - |
| Total Current Assets | 1,947.35 | 2,154.18 | 307.87 | - | - | - |
| Net Property, Plant & Equipment | 1,598.32 | 1,323.83 | 1,063.15 | - | - | - |
| Total Investments and Advances | 11.00 | 11.00 | 6.00 | - | - | - |
| Deferred Tax Assets | 29.91 | - | - | - | - | - |
| Other Assets | 51.97 | 46.08 | 50.49 | - | - | - |
| Total Assets | 3,638.55 | 3,535.09 | 1,427.51 | - | - | - |
| Short Term Debt Incl. Current Port. of LT Debt | 50.84 | 35.79 | 25.34 | - | - | - |
| Accounts Payable | 19.46 | 29.67 | 8.04 | - | - | - |
| Other Current Liabilities | 174.83 | 184.57 | 168.54 | - | - | - |
| Total Current Liabilities | 245.13 | 250.03 | 201.92 | - | - | - |
| Long Term Debt | 380.47 | 302.50 | 272.99 | - | - | - |
| Provision for Risks Charges | 2.82 | 1.75 | 1.31 | - | - | - |
| Other Liabilities | 0.00 | 0.00 | 23.36 | - | - | - |
| Total Liabilities | 628.42 | 554.28 | 499.58 | - | - | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | - | - | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 1,022.89 | - | - | - |
| Common Equity | 2,790.68 | 2,793.84 | -278.32 | - | - | - |
| Total Shareholders Equity | 2,790.68 | 2,793.84 | 744.57 | - | - | - |
| Accumulated Minority Interest | 219.45 | 186.98 | 183.36 | - | - | - |
| Total Equity | 3,010.13 | 2,980.81 | 927.93 | - | - | - |
| Total Liabilities & Stockholders Equity | 3,638.55 | 3,535.09 | 1,427.51 | - | - | - |
| Book Value Per Share | 9.46 | 9.48 | -0.94 | - | - | - |
| Tangible Book Value Per Share | 9.46 | 9.48 | -0.94 | - | - | - |
| Full-Time Employees | - | 261 | - | - | - | - |
| Price to Book Ratio | 1.20 | -30.94 | -33.63 | - | - | - |
| Return on Invested Capital | -0.66 | -1.92 | -3.47 | - | - | - |
| Quick Ratio | 7.94 | 8.62 | 1.52 | - | - | - |
| Current Ratio | 7.94 | 8.62 | 1.52 | - | - | - |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 11.66 | -55.91 | -31.83 | -15.79 | -11.44 | -9.15 |
| Depreciation | 0.35 | 0.34 | 0.09 | 0.10 | 0.06 | 0.05 |
| Other Funds (Non Cash) | 3.25 | 40.35 | 20.95 | 1.87 | 2.19 | 1.24 |
| Funds from Operations | -14.66 | -15.22 | -10.79 | -13.81 | -9.19 | -7.86 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 2.98 | -19.51 | 1.75 | -4.82 | -1.67 | 24.94 |
| Cash from Operating Activities | -11.68 | -34.74 | -9.04 | -18.63 | -10.85 | 17.07 |
| Capital Expenditures | -256.74 | -226.49 | -172.79 | -91.82 | -107.92 | -105.44 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -256.74 | -226.49 | -172.79 | -91.82 | -107.92 | -105.44 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | - | - | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 3.44 | 2,052.41 | 0.83 | 18.31 | 81.29 | -1.86 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -1.95 |
| Sale of Common Pref Stock | 3.44 | 2,052.41 | 0.83 | 18.31 | 81.31 | 0.09 |
| Proceedsfrom Stock Options | 22.19 | 2,033.66 | 0.83 | 18.31 | 81.31 | 0.09 |
| Issuance or Reduction of Debt, Net | 75.09 | 39.40 | 0.00 | 47.18 | 15.00 | 8.03 |
| Change in Long Term Debt | 75.09 | 39.40 | 0.00 | 47.18 | 15.00 | 8.03 |
| Issuance of Long Term Debt | 75.09 | 191.49 | 0.00 | 47.18 | 15.00 | 8.03 |
| Reduction of Long Term Debt | 0.00 | -152.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | -0.06 | -0.07 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | -0.06 | -0.07 | 0.00 | 0.00 |
| Cash from Financing Activities | 78.53 | 2,091.82 | 0.77 | 65.42 | 96.29 | 6.17 |
| Net Change in Cash | -189.89 | 1,830.60 | -181.06 | -45.02 | -22.49 | -82.19 |
| Free Cash Flow | -268.42 | -261.22 | -181.83 | -110.44 | -118.78 | -88.37 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 10.62% | 19.4M | 182.5M | 7.13M |
| 2026-10-15 | 12.93% | 23.6M | 182.5M | 6.18M |
| 2026-09-30 | 14.09% | 25.7M | 182.5M | 5.19M |
| 2026-09-15 | 9.69% | 17.7M | 182.5M | 4.48M |
| 2026-08-31 | 7.39% | 13.5M | 182.5M | 3.19M |
| 2026-08-14 | 6.52% | 9.6M | 146.8M | 3.24M |
| 2026-07-31 | 5.53% | 10.2M | 184.2M | 4.00M |
| 2026-07-15 | 4.31% | 7.9M | 184.2M | 4.29M |
| 2026-06-30 | 5.70% | 10.5M | 184.0M | 4.45M |
| 2026-06-15 | 3.53% | 6.3M | 176.9M | 5.06M |
| 2026-05-29 | 2.54% | 4.6M | 179.7M | 7.72M |
| 2026-05-15 | 1.57% | 2.8M | 179.7M | 17.86M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 1.00 | 11.80 | 12.40 | 10.75 | 16.382 | 15.00 | 1.00 | 0.995 | -0.016 | 0.000 |
| call | 2.50 | 10.30 | 10.80 | 14.60 | 8.692 | 0.00 | 0.00 | 0.990 | -0.017 | 0.001 |
| call | 4.00 | 8.70 | 9.30 | 0.00 | 6.250 | 0.00 | 0.00 | 0.986 | -0.017 | 0.001 |
| call | 5.00 | 7.70 | 8.40 | 6.35 | 5.586 | 27.00 | 0.00 | 0.983 | -0.017 | 0.001 |
| call | 6.00 | 6.70 | 7.30 | 5.10 | 4.307 | 233 | 0.00 | 0.979 | -0.016 | 0.001 |
| call | 7.50 | 5.20 | 5.80 | 4.95 | 3.265 | 820 | 61.00 | 0.971 | -0.016 | 0.001 |
| call | 9.00 | 3.90 | 4.30 | 4.06 | 2.408 | 1,029 | 92.00 | 0.960 | -0.015 | 0.002 |
| call | 10.00 | 3.00 | 3.10 | 3.10 | 1.678 | 15,694 | 689 | 0.900 | -0.029 | 0.004 |
| call | 11.00 | 1.90 | 2.45 | 2.10 | 1.675 | 1,926 | 75.00 | 0.814 | -0.041 | 0.005 |
| call | 12.50 | 1.05 | 1.35 | 1.00 | 1.409 | 2,710 | 622 | 0.609 | -0.059 | 0.008 |
| call | 14.00 | 0.40 | 0.65 | 0.55 | 1.313 | 395 | 395 | 0.391 | -0.058 | 0.008 |
| call | 15.00 | 0.10 | 0.50 | 0.35 | 1.248 | 1,222 | 189 | 0.255 | -0.046 | 0.006 |
| call | 16.00 | 0.15 | 0.25 | 0.19 | 1.354 | 20.00 | 27.00 | 0.185 | -0.041 | 0.005 |
| call | 17.50 | 0.05 | 0.15 | 0.11 | 1.468 | 2,071 | 17.00 | 0.114 | -0.033 | 0.004 |
| call | 19.00 | 0.00 | 0.20 | 0.00 | 1.742 | 0.00 | 0.00 | 0.101 | -0.035 | 0.004 |
| call | 20.00 | 0.00 | 0.25 | 0.05 | 1.742 | 427 | 1.00 | 0.071 | -0.027 | 0.003 |
| call | 21.00 | 0.00 | 0.30 | 0.00 | 1.887 | 0.00 | 0.00 | 0.067 | -0.028 | 0.003 |
| call | 22.50 | 0.00 | 0.25 | 0.35 | 2.087 | 26.00 | 0.00 | 0.062 | -0.029 | 0.002 |
| call | 25.00 | 0.00 | 0.05 | 0.03 | 2.573 | 25.00 | 0.00 | 0.075 | -0.041 | 0.003 |
| call | 30.00 | 0.00 | 0.05 | 0.04 | 3.068 | 18.00 | 0.00 | 0.066 | -0.044 | 0.003 |
| put | 1.00 | 0.00 | 0.20 | 0.00 | 8.833 | 0.00 | 0.00 | -0.005 | -0.015 | 0.000 |
| put | 2.50 | 0.00 | 0.20 | 0.03 | 5.554 | 1.00 | 0.00 | -0.010 | -0.016 | 0.001 |
| put | 4.00 | 0.00 | 0.25 | 0.00 | 4.012 | 0.00 | 0.00 | -0.014 | -0.016 | 0.001 |
| put | 5.00 | 0.00 | 0.05 | 0.03 | 3.299 | 112 | 1.00 | -0.017 | -0.016 | 0.001 |
| put | 6.00 | 0.00 | 0.05 | 0.07 | 2.711 | 227 | 0.00 | -0.021 | -0.015 | 0.001 |
| put | 7.50 | 0.00 | 0.05 | 0.03 | 2.013 | 11,923 | 34.00 | -0.029 | -0.015 | 0.001 |
| put | 9.00 | 0.00 | 0.10 | 0.04 | 1.425 | 904 | 103 | -0.040 | -0.014 | 0.002 |
| put | 10.00 | 0.05 | 0.15 | 0.10 | 1.423 | 816 | 103 | -0.100 | -0.028 | 0.004 |
| put | 11.00 | 0.05 | 0.30 | 0.20 | 1.328 | 1,205 | 76.00 | -0.186 | -0.040 | 0.005 |
| put | 12.50 | 0.65 | 0.75 | 0.65 | 1.282 | 5,785 | 101 | -0.391 | -0.057 | 0.008 |
| put | 14.00 | 1.40 | 1.75 | 1.48 | 1.382 | 1.00 | 1.00 | -0.609 | -0.057 | 0.008 |
| put | 15.00 | 2.20 | 2.45 | 2.33 | 1.331 | 567 | 18.00 | -0.745 | -0.044 | 0.006 |
| put | 16.00 | 2.95 | 3.50 | 4.80 | 1.700 | 22.00 | 0.00 | -0.815 | -0.040 | 0.005 |
| put | 17.50 | 4.30 | 4.90 | 4.20 | 1.903 | 237 | 33.00 | -0.886 | -0.031 | 0.004 |
| put | 19.00 | 5.90 | 6.40 | 6.40 | 2.215 | 2.00 | 2.00 | -0.899 | -0.033 | 0.004 |
| put | 20.00 | 6.90 | 7.40 | 11.50 | 2.402 | 3.00 | 0.00 | -0.929 | -0.025 | 0.003 |
| put | 21.00 | 7.60 | 8.40 | 0.00 | 2.575 | 0.00 | 0.00 | -0.933 | -0.026 | 0.003 |
| put | 22.50 | 9.30 | 9.70 | 14.21 | 2.306 | 4.00 | 0.00 | -0.938 | -0.027 | 0.002 |
| put | 25.00 | 11.80 | 12.20 | 16.80 | 2.627 | 2.00 | 0.00 | -0.967 | -0.015 | 0.001 |
| put | 30.00 | 16.80 | 17.30 | 12.90 | 3.478 | 0.00 | 0.00 | -0.971 | -0.016 | 0.001 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-09 | 8-K | Current report | 2026-11-09 | SEC |
| 2026-11-04 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-02 | SEC |
| 2026-11-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-23 | SEC |
| 2026-10-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-26 | SEC |
| 2026-10-27 | SCHEDULE 13G | SEC | ||
| 2026-10-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-20 | SEC |
| 2026-10-01 | 8-K | Current report | 2026-10-01 | SEC |
| 2026-09-01 | 8-K | Current report | 2026-08-26 | SEC |
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | SCHEDULE 13G | SEC | ||
| 2026-08-12 | 8-K | Current report | 2026-08-12 | SEC |
| 2026-06-23 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-06-22 | 8-K | Current report | 2026-06-22 | SEC |
| 2026-06-10 | 8-K | Current report | 2026-06-10 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2025-12-04 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-01-26 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-15 | 8-K | Current report | 2026-05-12 | SEC |
| 2026-05-15 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-14 | SEC |
| 2026-05-14 | S-8 POS | Post-effective amendment to a S-8 registration statement | SEC | |
| 2026-05-14 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-05-14 | 424B4 | SEC | ||
| 2026-05-12 | EFFECT | Effectiveness filing by commission order | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| DEVON ENERGY CORP/DE | 12.13% |
| Capricorn Investment Group LLC | 11.62% |
| VICTORY CAPITAL MANAGEMENT INC | 2.66% |
| FMR LLC | 2.58% |
| JPMORGAN CHASE & CO | 2.57% |
| CANADA PENSION PLAN INVESTMENT BOARD | 2.48% |
| Capital Research Global Investors | 2.04% |
| UBS Group AG | 1.89% |
| BlackRock, Inc. | 1.54% |
| WELLINGTON MANAGEMENT GROUP LLP | 1.50% |
Funds
| Fund | % owned |
|---|---|
| SMALLCAP World Fund Inc | 2.31% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 0.74% |
| JPMorgan Mid Cap Growth Fund | 0.55% |
| VANGUARD SMALL-CAP INDEX FUND | 0.54% |
| Victory Pioneer Fund | 0.43% |
| VANGUARD EXPLORER FUND | 0.40% |
| Invesco Discovery Fund | 0.39% |
| VANGUARD SMALL-CAP VALUE INDEX FUND | 0.34% |
| PGIM Jennison Utility Fund | 0.33% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.28% |
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