Welcome to our dedicated page for NET POWER SEC filings (Ticker: NPWR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Net Power Inc. (NYSE: NPWR), an energy technology company focused on clean firm power from natural gas. Through these documents, readers can review how Net Power reports on its financial condition, project development activities, corporate governance and other material events related to the NET Power Cycle and associated projects.
Net Power’s SEC filings include current reports on Form 8-K that disclose quarterly results, business updates, leadership changes and key contractual developments. For example, the company has used Form 8-K to furnish press releases on its financial results, to describe the early termination of a Tax Receivable Agreement, to report board changes, and to outline its decision to withdraw an interconnection request in the northern MISO region after updated network upgrade cost estimates. These filings also confirm details such as the company’s status as an emerging growth company and its incorporation in Delaware.
On Stock Titan, Net Power filings are updated as they are made available through the EDGAR system. AI-powered summaries help explain the contents of lengthy reports by highlighting key points, such as project cost optimization efforts for Project Permian, equipment validation milestones at the La Porte demonstration facility, and changes to important agreements. Users can quickly identify which filings relate to financial performance, which address governance or board matters, and which describe significant project or strategy updates.
For investors analyzing NPWR, this filings page offers a structured view of Net Power’s regulatory disclosures, with tools to understand how the company’s clean energy technology, partnerships and project pipeline are reflected in its official SEC documents.
Net Power Inc. appointed Ned Leland (Lee) Shuman as its new Chief Financial Officer, effective April 13, 2026, succeeding interim CFO Daniel J. Rice IV, who remains Chief Executive Officer and serves as principal financial officer until the company files its Form 10-Q for the quarter ended March 31, 2026.
Shuman, age 56, is a power-sector finance and strategy executive with more than 25 years of experience, including roles at Javelin Global Commodities and WattBridge Energy. His compensation includes a $420,000 annual base salary, target bonuses under short- and long-term incentive plans, an $800,000 RSU grant vesting after three years, and a $100,000 cash bonus, along with participation in the company’s executive severance and indemnification arrangements.
8 Rivers Capital, LLC reported acquisition or exercise transactions in this Form 4 filing.
NET Power Inc. reported an internal equity restructuring involving entities affiliated with major holder NPEH, LLC. NPEH exchanged 3,000,000 Class A Units of NET Power Operations LLC for 3,000,000 shares of NET Power’s Class A Common Stock, on a one-for-one basis with no cash paid. In connection with this exchange, 3,000,000 shares of Class B Common Stock held by NPEH, which have no economic value, were cancelled. After these transactions, NPEH holds 3,400,000 shares of Class A Common Stock and 17,729,880 shares of Class B Common Stock indirectly. 8 Rivers Capital, LLC, as manager and majority owner of NPEH, and Damian R. Beauchamp, as the principal owner of 8 Rivers, each state that they may be deemed beneficial owners only to the extent of any pecuniary interest and expressly disclaim broader beneficial ownership.
NPEH, LLC reported acquisition or exercise transactions in this Form 4 filing.
NPEH, LLC, a major holder of NET Power Inc., reported internal equity movements rather than market trades. On March 6, 2026, NPEH exchanged 3,000,000 Class A Units of NET Power Operations LLC for 3,000,000 shares of NET Power Class A Common Stock on a one-for-one basis.
In connection with this exchange, 3,000,000 shares of Class B Common Stock held by NPEH, which the company notes have no economic value, were cancelled. After these transactions, NPEH holds 3,400,000 Class A Common shares and 17,729,880 Class B Common shares, reflecting a restructuring of how its interest is held rather than a cash purchase or sale.
NET Power Inc. filed its annual report outlining a major strategic pivot and steep losses. The company, founded in 2010, is shifting from its proprietary Oxy-Combustion Cycle toward developing “clean gas” power plants that pair natural gas turbines with post-combustion carbon capture.
NET Power halted development of its first oxy-combustion utility-scale project (SN1) and suspended testing at its La Porte, Texas demonstration facility to reallocate capital. It signed a November 2025 letter of intent with Entropy Inc. to exclusively license Entropy’s carbon capture technology for U.S. power generation.
The first project under this new model, Project Permian in West Texas, is being redesigned for up to 1 GW of phased clean firm capacity, with Phase I expected to deliver about 80 MW of net output. Final investment decision for Phase I is targeted for the third quarter of 2026 and commercial operations by early 2029.
NET Power reported a net loss of $578.6 million for 2025, compared with $49.2 million in 2024, and still has no meaningful revenue. The company highlights heavy reliance on future project financing, successful licensing of Entropy’s technology, U.S. tax credits such as 45Q, and a complex regulatory and environmental permitting landscape as key risks to executing its growth plan.
Net Power Inc. reported its fourth quarter and full-year 2025 results and shared a business update. The company highlighted continued strong demand for clean baseload power and ongoing work toward its first U.S. natural gas power plus CCS project with partners Entropy and Oxy.
Net Power is progressing diligence on a strategic partnership with Entropy Inc., targeting final approvals of definitive documents in Q2 2026. The first clean firm power project at the Permian site in west Texas now targets 80MW of electrical output, with a final investment decision expected in the second half of 2026 and targeted commercial operations in early 2029.
The company ended the quarter with approximately $379 million in cash, cash equivalents, and investments, supporting its capital-intensive development plans. Net Power will host a conference call to discuss fourth quarter and year-end 2025 results at 8:30 AM ET on March 10, with a live webcast and archived replay available via its investor relations website.
NPEH, LLC, a 10% owner of NET Power Inc., reported selling 100,000 shares of Class A common stock in an open-market transaction on March 3, 2026. After this sale, NPEH, LLC held 400,000 shares of NET Power Class A common stock.
The filing notes that the reported price reflects a weighted average, with the shares sold in multiple trades at prices ranging from $2.01 to $2.015 per share. This transaction represents a reduction, but not an exit, of NPEH, LLC’s position in NET Power.
NET Power Inc. reported an insider transaction involving an indirect sale of Class A Common Stock by NPEH, LLC, an entity associated with 8 Rivers Capital, LLC. NPEH sold 100,000 shares in an open-market transaction at a weighted average price of $2.0425 per share, in multiple trades between $2.01 and $2.015. Following this sale, 400,000 shares of Class A Common Stock remained indirectly owned through NPEH. Footnotes state that 8 Rivers, and indirectly Damian R. Beauchamp, may be deemed beneficial owners only to the extent of their pecuniary interests and each disclaims broader beneficial ownership.
NPEH, LLC, a 10% owner of NET Power Inc., reported open‑market sales of a total of 86,483 shares of Class A Common Stock. The sales occurred on February 26, February 27, and March 2, 2026 at weighted average prices around $2.00–$2.05 per share.
After these transactions, NPEH, LLC directly held 500,000 shares of Class A Common Stock. The prices reported are weighted averages for multiple trades on each date, with detailed price breakdowns available from NPEH upon request.
NET Power Inc. reported insider sales of Class A common stock by an entity associated with major holder 8 Rivers Capital, LLC. Through NPEH, LLC, a total of 86,483 shares were sold in open-market transactions at prices around $2.00–$2.05 per share over three days. After these sales, NPEH, LLC held 500,000 shares of Class A common stock indirectly. 8 Rivers and Damian R. Beauchamp each state that they may be deemed indirect beneficial owners only to the extent of their pecuniary interests and explicitly disclaim beneficial ownership beyond that.
NPEH, LLC, a 10% owner of NET Power Inc., reported open-market sales of a total of 188,517 shares of Class A Common Stock. On February 19, it sold 125,000 shares at a weighted average price of $2.1411 per share, followed by 63,517 shares on February 20 at a weighted average price of $2.0346 per share. After these transactions, NPEH, LLC held 586,483 shares of Class A Common Stock.