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Income Taxes
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesPrior to the Closing Date, NET Power, LLC represented a pass-through entity for state and federal income tax consideration, which passed through its income or loss to its partners; therefore, it did not record income tax (benefit)
expense. The following table presents the Company’s Income tax (benefit) expense and the effective income tax rate during the period from June 8 through September 30, 2023 (Successor):
June 8 - September 30, 2023 (Successor)
Income tax expense (benefit)$(681)
Effective tax rate0.3 %
The provision for income taxes differs from the amount of income tax computed by applying the U.S. statutory federal tax rate of 21.0% to the loss before income taxes due to income (loss) from non-taxable pass-through entities related to non-controlling interests, non-deductible expenses, outside basis adjustments and the valuation allowance placed against deferred tax assets.
Tax Receivable Agreement - As of September 30, 2023 (Successor), the Company recorded a liability of $9,376 related to its projected obligations under the TRA, which is recorded as TRA Liability in the Company’s Consolidated Balance Sheets. This obligation arose because of qualifying exchanges of Class A OpCo Units that occurred during the period from July 1, 2023 through September 30, 2023 (Successor).