EPS · actual vs est
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Revenue · actual vs est
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Summary
Generated 2025-05-13
Management highlights
- Danny welcomed Marc Horstman as the new Chief Operating Officer, highlighting Marc's 20+ years of power sector experience. - Focus areas for 2025 include improving project economics for the first utility scale plant by reducing installed cost, determining a commercial pathway to competitive LCOE through efficiency and cost reductions, and moving forward with La Porte testing. - Marc discussed progressing through turbo expander validation at La Porte, deep into value engineering for Project Permian to identify cost savings, advancing turbo expander design with Baker Hughes for SN1, and continuing feasibility study for a standardized modular multiunit plant.
Guidance
- Budgeting $190 million net of interest income in 2025: $45M for G&A, $50M for La Porte and R&D, $100M for SN1 development and Baker turbine development. - Expect to exit 2025 with two stages of La Porte testing completed, better cost estimate for SN1, competitive LCOE pathway, and $350M cash on hand. - Aim to complete first two phases of La Porte testing in 2025 and begin preparations for phases three and four in 2026/2027. - Continue value engineering for Project Permian to arrive at definitive cost estimate by end of 2025. - Work on feasibility study for standardized modular multiunit plant on Gulf Coast or coastal sites.
Risks
- Actual results may differ materially from forward-looking statements due to risks and uncertainties associated with the business, as discussed in SEC filings. No specific operational failures discussed in detail.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | — | — | — | — |
| Revenue | — | — | — | — |
Transcript
May 13, 2025Full transcript unavailable for redistribution
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