NPWR at a glance
NET Power Inc. (NPWR, SEC CIK 1845437) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on August 13, 2026, an 8-K current report on September 11, 2026 and Form 4 insider filings as recently as September 10, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NET Power Inc. (NPWR) reported revenue of $0 (down 100.0% from FY2024) and a net loss of $578.6 million. Diluted EPS was -$7.34.
- As of June 30, 2026, 24 institutional investment managers tracked by SignalX reported holding NET Power Inc. (NPWR) shares worth $15.1 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by NPEH, LLC on September 9, 2026 of 150,000 shares at $1.84 per share.
- In the last 90 days, NPWR insiders reported 0 open-market purchases ($0) and 41 open-market sales ($7.9M) on Form 4, a net sale of $7.9M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $0
- −100.0% vs prior year
- Insiders · 90 days
- 0 buys · 41 sells
- Net −$7.9M
- 13F holders
- 24 funds
- $15.1M · −1 vs prior quarter
- Latest 8-K
- Sep 11, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Developing and commercializing natural gas electricity generation with carbon capture technologies for low carbon energy transition
- New emphasis: Leveraging expanded 45Q tax credit incentives under IRA and OBBBA increasing capture credit to $85/metric ton with direct pay feature
- Strategic positioning: Highlighting reliance on in-licensed intellectual property (Entropy’s PCC technology and potential Oxy-Combustion Cycle tech) amid regulatory and litigation risks
- Quantitative metric: Eligible 45Q credit applies to facilities capturing ≥18,750 tons CO2 annually with ≥75% capture rate, effective through 2032
- Noteworthy fact: Pending U.S. EPA action on GHGRP could impact ability to claim 45Q credits long-term, with Treasury providing short-term safe harbor as of Feb 2026
Risk Factors
- No specific regulatory or legal risk detailed in this section
- No geopolitical or macroeconomic threat explicitly mentioned
- Cybersecurity risk management overseen by Audit Committee with regular updates from Director of IT
- No competitor or market disruption risk specified
Management Discussion & Analysis
- No quantitative data on revenue, profitability, or segment performance provided
- No management outlook, guidance, or emerging risk statements included
AI summary of the NPWR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- New Texas regulatory intervention: August 3, 2026 governor directive requiring ERCOT audits before additional data-center approvals
- Strategy repositioning: Project Permian Phase I may use natural-gas generation without carbon capture following indefinite Oxy-Combustion Cycle suspension
- Commercial risk: no binding power offtake agreement, threatening Project Permian Phase I financing and final investment decision
- Operational risk: gas-turbine equipment backlogs extend multiple years, with replacement equipment potentially unavailable
- Financial risk: insufficient committed capital through commercial operation, with equity offerings limited below $75 million public float value
AI summary of the NPWR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Indefinite suspension of utility-scale development and commercialization with Baker Hughes affiliates, reflecting reduced economic viability of the program
- La Porte access and exclusivity rights terminated, giving Net Power greater flexibility to use, sell, or decommission the facility
Item 1.01: Entry into a Material Definitive Agreement
- Facility development remains contingent on permits, site access, grid interconnection and gas supply
- Project economics depend on engineering and commercial considerations
Item 2.01: Completion of Acquisition or Disposition of Assets
- Acquired assets did not constitute a business under Regulation S-X Rule 11-01(d)
- No target financial statements required under Rule 3-05, limiting historical financial disclosure
Item 7.01: Regulation FD Disclosure
- Forward-looking disclosures center on deploying an acquired position and modifying EPC and equipment-supply agreements
- Project execution depends on full notice to proceed and Mobilization Payment by October 15, 2026
Item EX-99.1: Item EX-99.1
- Closed acquisition of EPC rights for approximately 123 MW of natural-gas generation from EMPower
- Project Permian’s first phase now totals nearly 200 MW of potential capacity in West Texas
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results for quarter ended June 30, 2026
- Press release issued August 13, 2026, with detailed results in Exhibit 99.1
AI summaries of NPWR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NPWR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| NPEH, LLC | Sell | Sep 9, 2026 | 150,000 | $1.84 |
| 8 Rivers Capital, LLC | Sell | Sep 9, 2026 | 150,000 | $1.84 |
| 8 Rivers Capital, LLC | Sell | Sep 8, 2026 | 100,000 | $1.94 |
| NPEH, LLC | Sell | Sep 8, 2026 | 100,000 | $1.94 |
| 8 Rivers Capital, LLC | Sell | Aug 26, 2026 | 41,350 | $1.91 |
| NPEH, LLC | Sell | Aug 26, 2026 | 41,350 | $1.91 |
| NPEH, LLC | Sell | Aug 25, 2026 | 201,550 | $1.91 |
| 8 Rivers Capital, LLC | Sell | Aug 25, 2026 | 201,550 | $1.91 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $250K | $0 |
| Gross Profit | - | $219K | $0 |
| Operating Income | -$193.5M | -$181.3M | -$1.8B |
| Net Income | - | -$49.2M | -$578.6M |
| Gross Margin | - | 87.6% | - |
| Op. Margin | - | -72528.4% | - |
| Net Margin | - | -19676.4% | - |
| Balance Sheet | |||
| Total Assets | - | $2.3B | $599.7M |
| Equity | - | $655.6M | $203.9M |
| ROE | - | -7.5% | -283.8% |
| Per Share | |||
| EPS | - | $-0.67 | $-7.34 |
| Cash Flow | |||
| Operating CF | - | -$31.6M | -$120.8M |
| CapEx | $9.2M | $68.7M | $33.2M |
Source: XBRL data in NET Power Inc. (NPWR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NPWR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 24 | $15.1M |
| Q1 2026 | 25 | $15.1M |
| Q4 2025 | 24 | $23.2M |
| Q3 2025 | 23 | $34.4M |
| Q2 2025 | 24 | $22.4M |
| Q1 2025 | 19 | $17.8M |
| Q4 2024 | 16 | $66.1M |
| Q3 2024 | 13 | $14.3M |
- BlackRock+273.4K (+13%)
- AQR Capital Management+231.8K (+151%)
- D.E. Shaw & Co+177.1K (+75%)
- Vanguard Capital Management LLC+158.6K (+10%)
- Morgan Stanley+86.9K (+47%)
- Millennium Management−644.9K (-94%)
- Two Sigma Investments−419.7K (-39%)
- Renaissance Technologies LLC−349.6K (-50%)
- Goldman Sachs Group−109.2K (-42%)
- Bank of America Corp−8.2K (-23%)
- Citadel Advisors LLC−219.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 168 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NPWR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 11, 2026 | - | Analysis | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 10-Q | Aug 13, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Jul 30, 2026 | - | - | - |
| 4 | Jul 30, 2026 | - | - | - |
| 4 | Jul 23, 2026 | - | - | - |
| 4 | Jul 23, 2026 | - | - | - |
| 8-K | Jun 5, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - |
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NPWR SEC filings: frequently asked questions
Are NPWR insiders buying or selling?
In the last 90 days, NET Power Inc. (NPWR) officers, directors and 10% owners reported no open-market purchases and 41 open-market sales worth $7.9 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NPWR stock?
As of June 30, 2026, the largest NET Power Inc. (NPWR) holders among the 13F filers tracked by SignalX were BlackRock ($4.0 million), Vanguard Capital Management LLC ($3.0 million), COHEN & STEERS, INC. ($1.5 million), Two Sigma Investments ($1.1 million), State Street Corp ($1.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NPWR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NET Power Inc. (NPWR) reported revenue of $0 (down 100.0% from FY2024) and a net loss of $578.6 million. Diluted EPS was -$7.34. The figures come from the XBRL data in the 10-K.
What are the main risks in NPWR's latest 10-K?
In the 10-K filed March 9, 2026, NET Power Inc. (NPWR) flagged: No specific regulatory or legal risk detailed in this section. No geopolitical or macroeconomic threat explicitly mentioned. (AI summary of the Risk Factors section.)
What did NPWR report in its latest 8-K?
NET Power Inc. (NPWR) filed an 8-K on September 11, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). Indefinite suspension of utility-scale development and commercialization with Baker Hughes affiliates, reflecting reduced economic viability of the program.
What are the latest NPWR SEC filings?
NET Power Inc. (NPWR) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on August 13, 2026, an 8-K current report on September 11, 2026 and a Form 4 insider filing on September 10, 2026.
What is NPWR's SEC CIK number?
NET Power Inc. (NPWR)'s SEC Central Index Key (CIK) is 1845437. EDGAR lists every NPWR filing under that number.
Ask anything about NPWR
The research agent reads NPWR's filings, financials, insider trades and 13F holders, then answers with sources.