Fervo Energy Company (FRVO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Fervo Energy's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the prepared remarks. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Paxton Bentzinger, Senior Director of Corporate Development and Investor Relations. Please go ahead, sir. Thank you. Good morning, everyone, and welcome to Fergo Energy's Q2 2026 earnings call. Joining us today are Tim Latimer, co-founder and chief executive officer, and David Ulrey, chief financial officer. Before we begin, I'd like to remind everyone that today's discussion will contain forward-looking statements within the meaning of applicable securities laws. These statements reflect management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. Please refer to the forward-looking statements and risk factors disclosed in today's earnings release and in our filings with the SEC. Additionally, today's discussion may include certain non-GAAP financial measures. Reconciliation tables are provided in the appendix of the earnings release as applicable. Now over to Tim to kick things off. Thanks, Paxton, and hello to everyone listening in. When we last spoke, I emphasized Vervo's founding conviction, which bears repeating. The same drilling technologies that catalyzed the shale revolution can unlock clean, always-on geothermal energy at enormous scale. As you know, we are in the midst of a once-in-a-generation surge in power demand that is likely to dictate the outcome of the American success story in both artificial intelligence and industrial growth, but also the extent...