Fervo Energy Company

NasdaqGS:FRVO Stock Report

Market Cap: US$9.0b

Fervo Energy Management

Management criteria checks 1/4

Fervo Energy's CEO is Tim Latimer, appointed in May 2017, has a tenure of 9.08 years. total yearly compensation is $10.97M, comprised of 3.2% salary and 96.8% bonuses, including company stock and options. directly owns 2.22% of the company’s shares, worth $200.59M. The average tenure of the management team and the board of directors is 5.4 years and 1.8 years respectively.

Key information

Tim Latimer

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage3.19%
CEO tenure9.1yrs
CEO ownership2.2%
Management average tenure5.4yrs
Board average tenure1.8yrs

Recent management updates

Recent updates

New Narrative Jun 26

Long-Term Geothermal PPAs And Policy Tailwinds Will Support Future Clean Power Demand

Catalysts About Fervo Energy Fervo Energy develops, owns, and operates enhanced geothermal power plants that supply always on carbon free electricity. What are the underlying business or industry changes driving this perspective?
Seeking Alpha Jun 23

Fervo Energy: Nvidia Can't Fix What's Missing Here

Summary Fervo Energy Company pioneers enhanced geothermal systems, leveraging oil and gas technologies to unlock scalable, carbon-free baseload power. FRVO’s approach is well-timed as AI-driven data centers increasingly demand reliable, clean electricity available 24/7. Recent partnerships with Nvidia and Pacific Northwest National Laboratory to develop EGS-Twin signal strong innovation and industry validation. I lean neutral on FRVO after reviewing its latest strategic collaborations and first-quarter 2026 results. Read the full article on Seeking Alpha
Analysis Article Jun 18

Fervo Energy (FRVO) Stock Looks Stretched After COO Promotion and 42x P B Valuation

Fervo Energy (FRVO) is drawing fresh attention after promoting Sarah Jewett to Chief Operating Officer, putting her in charge of core corporate operations as the geothermal developer targets large opportunities in clean, firm power. See our latest analysis for Fervo Energy. The executive change comes as Fervo Energy’s 1 day share price return of 7.61% and 7 day share price return of 10.34% sit against a 30 day share price return that declined 5.47% and a broadly flat year to date share price...

CEO Compensation Analysis

How has Tim Latimer's remuneration changed compared to Fervo Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025US$11mUS$350k

-US$71m

Compensation vs Market: Tim's total compensation ($USD10.97M) is above average for companies of similar size in the US market ($USD8.26M).

Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.


CEO

Tim Latimer (36 yo)

9.1yrs
Tenure
US$10,967,149
Compensation

Mr. Timothy Michael Latimer, also known as Tim, Co-Founded Fervo Energy Company in May 26, 2017 and has been its Chief Executive Officer and Director since 2018 and serves as its Chairman, President and Tr...


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Latimer
Co-Founder9.1yrsUS$10.97m2.22%
$ 200.6m
Jack Norbeck
Co-Founder & CTO9.1yrsUS$2.30m0.52%
$ 47.4m
David Ulrey
Chief Financial officer5.4yrsUS$2.68m0%
$ 0
Sarah Jewett
Chief Operating Officerno datano data0.13%
$ 11.4m
Gustavo Torres
Senior VP3.4yrsno data0.050%
$ 4.5m
Christian Gradl
Senior Vice President of GeoBlock Factoryno datano data0.0071%
$ 641.2k
Dawn Owens
Senior VP and Head of Development & Commercial Markets6.4yrsno data0%
$ 0
Evan Mallah
Chief of Staff - Power Generationno datano datano data
Melanie Martino
Controller2.3yrsno datano data
5.4yrs
Average Tenure
39yo
Average Age

Experienced Management: FRVO's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Latimer
Co-Founder8.4yrsUS$10.97m2.22%
$ 200.6m
Margaret Whitman
Lead Independent Directorless than a yearno datano data
Anne Cleary
Independent Director3.4yrsno data0%
$ 0
Ion Yadigaroglu
Independent Director5.4yrsno datano data
Richard Chow
Member of Technical Advisory Boardno datano datano data
Dave Watson
Member of Technical Advisory Boardno datano datano data
Jessica Uhl
Independent Directorless than a yearno datano data
Doug Hollett
Member of Technical Advisory Boardno datano datano data
Roland Horne
Member of Technical Advisory Boardno datano datano data
Ernie Majer
Member of Technical Advisory Boardno datano datano data
Mark McClure
Member of Technical Advisory Boardno datano datano data
Robert Keehan
Independent Directorless than a yearno datano data
1.8yrs
Average Tenure
59yo
Average Age

Experienced Board: FRVO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 01:41
End of Day Share Price 2026/06/29 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fervo Energy Company is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
J. David AndersonBarclays
Sunaina OcalanBernstein