Net Power Q2 net loss widens to $80.29 million; operating loss widens to $209.94 million

• Net Power posted a net loss attributable to shareholders of $80.29 million, widening from $28.14 million a year earlier.
• Operating loss widened to $209.94 million as operating expenses climbed to $209.94 million, driven by a $193.71 million impairment charge.
• R&D expense fell 84% to $4.22 million, while project development spending dropped 96% to $1.13 million as oxy-combustion work wound down.
• Shifted strategy toward phased natural-gas generation at Project Permian, initially without carbon capture; no binding offtake agreement or FID.
• Total liquidity was $308.37 million at June 30, with $55.8 million of purchase commitments outstanding and no project-level financing committed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net Power Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001845437-26-000033), on August 13, 2026, and is solely responsible for the information contained therein.