Every material Form 8-K Ormat Technologies has filed with the SEC since May 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
Ormat reported fourth-quarter 2025 revenue of $276.0 million, up 19.6%, led by Product and Energy Storage growth. Fourth-quarter GAAP diluted EPS fell to $0.50 from $0.67, and the company cited $12 million in impairment charges. The company also issued 2026 guidance calling for total revenues of $1,110 million to $1,160 million and Adjusted EBITDA of $615 million to $645 million.
Q4 2025 total revenues were $276.0 million, up 19.6% from $230.7 million; GAAP diluted EPS was $0.50 versus $0.67 a year earlier.
Full-year 2025 revenues were $989.6 million, up 12.5%; net income attributable to stockholders was $123.9 million, or $2.02 per diluted share, versus $2.04 in 2024.
2026 guidance: total revenues of $1,110 million to $1,160 million and Adjusted EBITDA of $615 million to $645 million.
Quarterly dividend of $0.12 per share, payable March 24, 2026, to holders of record as of March 10, 2026.
Ormat Technologies reported third-quarter 2025 total revenue of $249.7 million, up 17.9% from a year earlier, and net income attributable to stockholders of $24.1 million, up 9.3%. The company raised its 2025 guidance, now projecting total revenues of $960 million to $980 million and adjusted EBITDA of $575 million to $593 million, which signals higher expected full-year results for shareholders.
Q3 2025 diluted EPS was $0.39, up 8.3% from $0.36; adjusted diluted EPS was $0.41, down from $0.42.
Q3 adjusted EBITDA was $138.4 million, up 0.6%; Product segment revenue rose 66.6% and Energy Storage revenue rose 108.1%.
Product segment backlog was approximately $295 million as of November 3, 2025.
Board declared a quarterly dividend of $0.12 per share, payable December 1, 2025, to holders of record as of November 17, 2025.
Ormat Technologies reported second-quarter 2025 results, with total revenues of $234.0 million, up 9.9%, and net income attributable to stockholders of $28.0 million, up 26.1%. The company reiterated its full-year 2025 revenue and Adjusted EBITDA guidance, which matters to shareholders because it signals management's expectations for the rest of the year.
Q2 2025 total revenues were $234.0 million, up 9.9% from $213.0 million a year earlier.
Diluted EPS was $0.46 versus $0.37 in Q2 2024; Adjusted EBITDA was $134.6 million, up 6.7%.
Full-year 2025 guidance reiterated: total revenues of $935 million to $975 million and Adjusted EBITDA of $563 million to $593 million.
Quarterly dividend of $0.12 per share declared, payable September 3, 2025, to holders of record on August 20, 2025.
Ormat Technologies reported first-quarter 2025 results, with total revenues up 2.5% to $229.8 million and net income attributable to stockholders up 4.6% to $40.4 million. The company reiterated its 2025 full-year guidance and agreed to acquire the 20 MW Blue Mountain geothermal plant for $88 million, a deal expected to close by the end of the second quarter.
Diluted EPS was $0.66 vs $0.64 a year earlier; adjusted EBITDA was a record $150.3 million, up 6.4%
Energy Storage revenues rose 119.7%, while Electricity revenues fell 5.8% due to curtailments in California and Nevada
Gross profit declined 7.5% to $72.9 million, and operating income fell 3.2% to $50.9 million
2025 guidance reiterated: total revenues of $935 million to $975 million and adjusted EBITDA of $563 million to $593 million
Ormat director Mike Nikkel, designated to the board by ORIX Corporation, informed the board on March 11, 2025 that he will step down on the date of the 2025 annual meeting rather than seek reelection. The filing says the decision follows ORIX guidelines and is not the result of any dispute with the company or the board over operations, policies or practices.
Mike Nikkel informed the board on March 11, 2025 that he will not stand for reelection.
He will leave the board on the date of the 2025 annual meeting of stockholders.
Nikkel was designated by ORIX, whose governance agreement with the company terminated on December 13, 2024.
The filing states the departure is not due to any disagreement with the company or board.
Ormat reported fourth-quarter and full-year 2024 results on February 26, 2025, and gave its 2025 outlook. Q4 total revenues fell 4.4% to $230.7 million, while net income attributable to stockholders rose 14.3% to $40.8 million; for the full year, revenues rose 6.1% to $879.7 million but net income fell 0.5% to $123.7 million. Shareholders get a 2025 total revenue range of $935 million to $975 million and a $0.12 quarterly dividend.
Q4 2024 total revenues were $230.7 million, down from $241.3 million; diluted EPS was $0.67 versus $0.59 a year earlier.
Full-year 2024 total revenues were $879.7 million, up 6.1%; diluted EPS was $2.04 versus $2.08, down 1.9%.
2025 guidance: total revenues of $935 million to $975 million and adjusted EBITDA of $563 million to $593 million.
Board declared a $0.12 per share quarterly dividend, payable March 26, 2025, to holders of record as of March 12, 2025.
On December 11, 2024, Ormat entered into an underwriting agreement with Goldman Sachs & Co. LLC and ORIX Corporation for a secondary offering of 3,700,000 shares of Ormat common stock, at an initial price of $76.20 per share. Ormat issued no new shares and receives no proceeds, so the sale is by an existing shareholder rather than a capital raise by the company. The offering is expected to close on or about December 13, 2024.
ORIX agreed to sell 3,700,000 Ormat common shares at an initial offering price of $76.20 per share.
Goldman Sachs & Co. LLC is the underwriter; the underwriter holds a 30-day option to buy 555,000 additional shares from ORIX.
Ormat did not issue any new shares and received no proceeds from the offering.
The offering is expected to close on or about December 13, 2024, subject to customary closing conditions.
Ormat Technologies reported third-quarter 2024 results for the period ended September 30, 2024. Total revenue rose 1.8% to $211.8 million, and Adjusted EBITDA rose 16.3% to $137.7 million, but net income attributable to stockholders fell 37.7% to $22.1 million and diluted EPS fell to $0.36 from $0.59. The company raised its full-year Adjusted EBITDA guidance to $540 million to $555 million and narrowed its full-year revenue guidance to $875 million to $893 million.
Q3 2024 total revenue was $211.8 million, up from $208.1 million a year earlier; net income attributable to stockholders was $22.1 million versus $35.5 million, which the company attributed mainly to a $9.4 million Kenya tax income recorded
Adjusted EBITDA was $137.7 million, up 16.3% from $118.3 million, with the Enel assets acquired in Q1 2024 among the contributors
2024 guidance: Adjusted EBITDA of $540 million to $555 million (raised); total revenues of $875 million to $893 million (narrowed)
Board declared a quarterly dividend of $0.12 per share, payable December 4, 2024, to holders of record as of November 20, 2024
Ormat Technologies reported second-quarter 2024 total revenues of $213.0 million, up 9.3% from a year earlier, and operating income up 45%. GAAP net income attributable to stockholders fell 8.1% to $22.2 million, and diluted EPS dropped to $0.37 from $0.40, while adjusted EBITDA rose 25% to $126.1 million and the company raised its full-year EBITDA guidance range.
Total revenues $213.0 million vs. $194.8 million in Q2 2023; Electricity, Product and Energy Storage segments all grew.
Net income attributable to stockholders $22.2 million vs. $24.2 million; diluted EPS $0.37 vs. $0.40, including about $2.0 million in after-tax write-offs.
Adjusted EBITDA $126.1 million, up 25.0%; adjusted diluted EPS $0.40, flat year over year.
2024 guidance: total revenues $875 million to $910 million; adjusted EBITDA $520 million to $550 million. Quarterly dividend of $0.12 per share declared, payable September 3, 2024.
Ormat Technologies issued an additional $45,187,000 of its 2.50% Convertible Senior Notes due 2027 on July 15, 2024, to refinance existing debt. The additional notes form a single series with $431.25 million of notes issued in June 2022, bringing the total in the series to about $476 million.
Additional principal of $45,187,000 issued July 15, 2024, under a first supplemental indenture to the June 27, 2022 indenture
Notes pay 2.50% interest semiannually on January 15 and July 15 and mature July 15, 2027
Initial conversion price of approximately $90.27 per share; the Company may redeem for cash on or after July 21, 2025 under specified conditions
At its 2024 Annual Meeting, Ormat Technologies stockholders elected nine directors and approved all five proposals, including an increase in the shares reserved under its incentive compensation plan and a limit on the monetary liability of certain officers. The company filed its amended certificate of incorporation and the updated incentive plan, which took effect upon stockholder approval.
Nine directors were elected to serve until the 2025 annual meeting; David Granot received 43,023,962 votes for and 11,018,822 against, the lowest support among the nominees.
Stockholders approved the Second Amended and Restated 2018 Incentive Compensation Plan by 40,700,111 votes for and 13,336,561 against.
Stockholders approved the advisory say-on-pay vote on named executive officer compensation by 46,240,931 votes for and 7,790,175 against.
Stockholders approved the Fifth Amended and Restated Certificate of Incorporation limiting officer liability, with 48,395,243 votes for and 5,639,460 against.
Ormat Technologies reported first-quarter 2024 results on May 8, 2024. Total revenues rose 21.0% year over year and diluted EPS rose 25.5% to $0.64, while operating income fell 1.1% to $52.6 million. The company reiterated its full-year 2024 revenue and Adjusted EBITDA guidance and declared a quarterly dividend of $0.12 per share.
Total revenues were $224.2 million, up 21.0% from $185.2 million; diluted EPS was $0.64 versus $0.51.
Net income attributable to stockholders was $38.6 million, up 32.9%; operating income was $52.6 million, down 1.1%.
Adjusted EBITDA was $141.2 million, up 14.4%; 2024 guidance reiterated at $860 million to $910 million in total revenues and $515 million to $545 million in Adjusted EBITDA.
Quarterly dividend of $0.12 per share is payable June 5, 2024, to holders of record as of May 22, 2024.
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