NET Power Inc. (NPWR) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.858 Greetings and welcome to NetPower Inc. fourth quarter 2025 earnings conference call. 00:00:05.858 -- 00:00:09.122 At this time, all participants are on a listen-only mode. 00:00:09.122 -- 00:00:12.646 A question and answer session will follow the formal presentation. 00:00:12.646 -- 00:00:16.710 If anyone requires operator assistance during the conference, please press star zero 00:00:16.710 -- 00:00:21.436 on your telephone keypad. As a reminder, this conference is being recorded. 00:00:21.436 -- 00:00:26.181 It is now my pleasure to introduce your host, Bryce Mendez, Director, Investor Relations. 00:00:26.181 -- 00:00:27.984 Thank you. Please go ahead. 00:00:27.984 -- 00:00:32.802 Thank you. Good morning, everyone, and welcome to NetPower's fourth quarter and full 00:00:32.802 -- 00:00:37.867 year 2025 earnings conference call. With me on the call today, we have our Chief 00:00:37.867 -- 00:00:44.214 Executive Officer, Danny Rice, and our President and Chief Operating Officer, Mark Horsman. 00:00:44.214 -- 00:00:47.918 Yesterday, we issued our earnings release for the fourth quarter and full year ended 00:00:47.918 -- 00:00:50.541 December 31st, 2025, 00:00:50.541 -- 00:00:53.704 along with an updated investor presentation. 00:00:53.704 -- 00:00:58.588 Both are available on our investor relations website at ir.netpower.com. 00:00:59.785 -- 00:01:03.731 During today's call, our remarks will include forward-looking statements. 00:01:03.731 -- 00:01:07.796 Actual results may differ materially from those stated or implied by forward-looking 00:01:07.796 -- 00:01:12.783 statements due to risks and uncertainties associated with our business, which are discussed 00:01:12.783 -- 00:01:18.472 in our SEC filings. We assume no obligation to...