New Era Energy & Digital, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Key Highlights: New Era reported significant de-risking progress on its flagship TCDC data center project in the Permian Basin (492 acres outside Odessa, TX). Focus areas included permitting, land acquisition, and site preparation, with construction permits now secured and site grading expected to begin in coming weeks. The company emphasized its behind-the-meter power strategy, which aligns with Governor Abbott's recent directive on data center development transparency and avoids ERCOT Batch Zero grid interconnection delays.

Operational & Development Updates (Q2 2026 vs Prior)

  • Power Capacity: Phases 1 & 2 now total ~757 MW gross capacity (up from ~650 MW previously contemplated). Phase 1: 207 MW (existing adjacent generation, islanded/behind-the-meter gas, no ERCOT interconnection or on-site air permit needed). Phase 2: ~550 MW (up from 450 MW; behind-the-meter gas on-site with three pipelines; standard air permit filed by Thunderhead subsidiary; turbines ordered via TURBINE-X). Campus master-planned for up to 1.4 GW long-term.

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Operator: Thank you. Good day, and thank you for standing by. Welcome to the New Era Second Quarter 2026 Earnings Conference Call. [Operator Instructions] It's advised that today's conference be recorded. I would now like to hand the conference over to your first speaker today, Lincoln Tan, Investor Relations for New Era. Please go ahead. Unknown Executive: Thank you, operator, and good afternoon. My name is Lincoln Tan, Investor Relations for New Era. Thank you for joining New Era's second quarter business update call. Joining me today are Charlie Nelson, Chairman and CEO; Ted Warner, President and CFO; Jose Rodriguez, COO; and Evan Pierce, Chief Development Officer. Before we begin, I'd like to remind everyone that today's call is being recorded and will be available on the Investor Relations section of our website. Please note that during the course of this call, we may make forward-looking statements. These statements reflect our current views and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Please refer to Slide 2 of the accompanying presentation and our SEC filings, including our Form 10-Q filed on Friday, for more information. With that, I'll now turn the call over to Charlie Nelson. Charles Nelson: Thanks, Lincoln. And thanks, everyone, for making the time. I want to start with the headline because I think it's a simple one this quarter. Our focus has been on the parts of

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