NET Power Inc reports results for the quarter ended June 30 - Earnings Summary

• NET Power Inc NPWR.N reported a quarterly adjusted loss of 36 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -15 cents to -8 cents per share.

• Reported revenue was zero​; analysts expected zero.

• The company reported a quarterly loss of $28.14 million.

• NET Power Inc shares had risen by 8.9% this quarter and lost 74.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for NET Power Inc is $6.50, about 55.7% above its last closing price of $2.88

This summary was machine generated from LSEG data August 11 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)