NET Power (NYSE: NPWR) is a clean energy technology company developing its proprietary NET Power Cycle, which transforms natural gas into low-cost, clean and reliable power. The Company is on a mission to deploy its utility-scale plants across the world by partnering with local communities, power producers, energy producers, technology providers and other stakeholders. NET Power was founded in 2010 and has offices in Durham, North Carolina (HQ) and Houston, Texas.
Company profile
Ticker
NPWR, NPWR-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Rice Acquisition Corp. II
SEC CIK
Corporate docs
Subsidiaries
NET Power Operations LLC • NET Power Intermediate LLC • NET Power, LLC • NET Power Atlas, LLC • NET Power Canaveral, LLC • NET Power Europe LTD • NET Power Friendship 7, LLC • NET Power Services, LLC • NET Power Technology, LLC • NET Power Management Holdings Inc. ...
NPWR stock data
Latest filings (excl ownership)
POS EX
Additional exhibits for listing
13 Mar 24
424B3
Prospectus supplement
13 Mar 24
10-K
2023 FY
Annual report
11 Mar 24
8-K
NET Power Reports Fourth Quarter and Year End 2023 Results
11 Mar 24
424B3
Prospectus supplement
14 Nov 23
10-Q
2023 Q2
Quarterly report
14 Nov 23
8-K
NET Power Reports Third Quarter 2023 Results
14 Nov 23
EFFECT
Notice of effectiveness
26 Sep 23
424B3
Prospectus supplement
25 Sep 23
CORRESP
Correspondence with SEC
21 Sep 23
Latest ownership filings
4
AKASH S. PATEL
4 Apr 24
4
BRIAN F. ALLEN
4 Apr 24
4
Joseph T Kelliher
3 Apr 24
SC 13G/A
Rice Acquisition Sponsor II LLC
14 Feb 24
SC 13G/A
KENSICO CAPITAL MANAGEMENT CORP
14 Feb 24
SC 13G/A
ARISTEIA CAPITAL, L.L.C.
12 Feb 24
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
7 Feb 24
4
Joseph T Kelliher
4 Jan 24
4
Joseph T Kelliher
4 Oct 23
4
JAMES MAHON
14 Sep 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 545.25 mm | 545.25 mm | 545.25 mm | 545.25 mm | 545.25 mm | |
Cash burn (monthly) | 702.52 k | 12.89 mm | 863.37 k | 30.66 mm | 4.27 mm | |
Cash used (since last report) | 4.83 mm | 88.63 mm | 5.94 mm | 210.79 mm | 29.33 mm | |
Cash remaining | 540.42 mm | 456.62 mm | 539.31 mm | 334.46 mm | 515.92 mm | |
Runway (months of cash) | 769.3 | 35.4 | 624.7 | 10.9 | 121.0 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 44 |
Opened positions | 44 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 129.93 bn |
Total shares | 150.99 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
OXY Occidental Petroleum | 89.55 mm | $0.00 |
8 Rivers Capital | 35.51 mm | $0.00 |
Daniel J. Rice, IV 2018 Irrevocable Trust | 7.61 mm | $0.00 |
BHI BAKER HUGHES a GE | 7.32 mm | $95.15 mm |
Greenlight Capital | 2.51 mm | $32.63 bn |
Kensico Capital Management | 1.97 mm | $25.67 bn |
Adage Capital Partners GP, L.L.C. | 1.58 mm | $20.52 bn |
G.F.W. Energy XII | 1.00 mm | $13.00 bn |
HITE Hedge Asset Management | 830.91 k | $10.80 bn |
CNS Cohen & Steers | 817.26 k | $10.62 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Apr 24 | Brian F. Allen | RSU | Grant | Acquire A | No | No | 0 | 411,467 | 0.00 | 449,077 |
2 Apr 24 | Brian F. Allen | RSU | Grant | Acquire A | No | No | 0 | 37,610 | 0.00 | 37,610 |
2 Apr 24 | Brian F. Allen | Performance Stock Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 37,610 | 0.00 | 37,610 |
2 Apr 24 | Akash S. Patel | RSU | Grant | Acquire A | No | No | 0 | 317,733 | 0.00 | 351,184 |
2 Apr 24 | Akash S. Patel | RSU | Grant | Acquire A | No | No | 0 | 33,451 | 0.00 | 33,451 |
2 Apr 24 | Akash S. Patel | Performance Stock Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 33,451 | 0.00 | 33,451 |
1 Apr 24 | Joseph T Kelliher | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,294 | 0.00 | 6,636 |
2 Jan 24 | Joseph T Kelliher | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,587 | 0.00 | 4,342 |
2 Oct 23 | Joseph T Kelliher | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,755 | 0.00 | 1,755 |
News
Barclays Initiates Coverage On NET Power with Equal-Weight Rating, Announces Price Target of $13
10 Apr 24
NET Power Reports Q4 And Year End 2023 Results And Provides Business Update; Company Ended 2023 With ~$637M Of Cash And Short-Term Investments And No Debt
11 Mar 24
Earnings Scheduled For March 11, 2024
11 Mar 24
Press releases
Power & Digital Infrastructure Acquisition II Corp. (XPDB) and Montana Technologies Exceed $50 Million in Private Capital Commitments, Led by Carrier and Rice Investment Group, Expected to Satisfy Minimum Cash Condition and Clears the Way for Montana's Planned Business Combination with XPDB Currently Scheduled for March 12th, 2024
4 Mar 24
NET Power Schedules Fourth Quarter and Year End 2023 Earnings Release and Conference Call
20 Feb 24