Nov 4, 4:47 PM ET
Ormat reported third-quarter 2026 revenue of $275.1 million, up 10.2%, and net income attributable to stockholders of $31.9 million, up 32.2%, with diluted EPS of $0.51 versus $0.39. The company said it raised the midpoints of its full-year 2026 revenue and Adjusted EBITDA guidance, which now call for total revenue of $1,170 million to $1,200 million and Adjusted EBITDA of $640 million to $650 million.
- Energy Storage revenue rose 145.2% to $49.9 million; Electricity segment revenue fell 2.1%, which the company attributed to a hurricane-related forced outage at Puna.
- Diluted EPS was $0.51 versus $0.39 a year earlier; adjusted diluted EPS was $0.56 versus $0.41.
- 2026 guidance: total revenue of $1,170 million to $1,200 million and Adjusted EBITDA of $640 million to $650 million.
- Board declared a quarterly dividend of $0.12 per share, payable December 2, 2026, to holders of record on November 18, 2026.
Read the filing on SEC.gov ↗
Aug 5, 5:13 PM ET
Ormat reported second-quarter 2026 revenue of $258.8 million, up 10.6%, and raised its full-year 2026 revenue and Adjusted EBITDA guidance. GAAP net income attributable to stockholders fell 3.4% to $27.1 million, or $0.43 per diluted share, which the company attributes mainly to a $6.6 million write-off of storage projects it no longer plans to pursue.
- Total revenues were $258.8 million, up from $234.0 million; Energy Storage revenues rose 195.1% to $42.8 million.
- GAAP diluted EPS was $0.43 versus $0.46 a year earlier; Adjusted diluted EPS was $0.50 versus $0.48.
- Adjusted EBITDA was $143.9 million, up 6.9% from $134.6 million.
- 2026 guidance: total revenues of $1,150 million to $1,200 million and Adjusted EBITDA of $630 million to $650 million. A $0.12 quarterly dividend is payable September 2, 2026.
Read the filing on SEC.gov ↗
May 6, 4:45 PM ET
Ormat Technologies reported first-quarter 2026 results, with total revenues up 75.8% to $403.9 million and net income attributable to stockholders up 9.2% to $44.1 million. Growth was led by the Energy Storage and Product segments, partly offset by $38.0 million of one-time pre-tax expenses, and the company reiterated its 2026 full-year guidance. GAAP profit grew far more slowly than revenue, and adjusted diluted EPS of $1.30 excludes those one-time items.
- Total revenues were $403.9 million versus $229.8 million a year earlier; Product segment revenue rose 458.4%, including $105.1 million recognized on the Topp 2 sale.
- GAAP diluted EPS was $0.71 versus $0.66; adjusted diluted EPS was $1.30 versus $0.68, excluding $38.0 million of one-time pre-tax expenses.
- 2026 guidance was reiterated: total revenues of $1,110 million to $1,160 million and adjusted EBITDA of $615 million to $645 million.
- The board declared a quarterly dividend of $0.12 per share, payable June 3, 2026, to holders of record on May 20, 2026.
Read the filing on SEC.gov ↗
Mar 20, 5:32 PM ET
Ormat completed a $1 billion offering of convertible senior notes due March 15, 2031 on March 20, 2026, including $825 million of 1.50% Series A notes and $175 million of 0.00% Series B notes. The company used about $287.9 million of proceeds plus about $25 million of cash on hand to repurchase $285.9 million of its 2.50% convertible notes due 2027, and it plans a separate share repurchase of up to $25 million, which it says is intended to offset dilution from the 2027 notes.
- Offering totals $1 billion: $825 million of 1.50% Series A notes and $175 million of 0.00% Series B notes, both due 2031, including full exercise of initial purchasers' options.
- Initial conversion price is about $140.40 per share, a premium of about 30% over the last reported sale price on March 17, 2026.
- Estimated net proceeds are $975.7 million; about $287.9 million and $25 million cash on hand were used to repurchase $285.9 million of 2027 notes.
- Series B noteholders may require repurchase at par on March 15, 2027; the company may not redeem either series before March 20, 2029.
Read the filing on SEC.gov ↗
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