07:26 AM EDT, 08/12/2026 (MT Newswires) -- Fervo Energy ( FRVO ) reported a Q2 net loss Wednesday of $0.38 per diluted share, narrowing from a loss of $1.31 per share a year earlier.

Weighted-average diluted shares outstanding totaled 157 million shares in the quarter ended June 30, up from 8.8 million year earlier.

Three analysts polled by FactSet expected a loss of $0.11 per share.

Revenue for the quarter was $113,000.

Analysts expected $200,000.

Fervo shares were up nearly 5% premarket Wednesday.