Ormat Technologies Q1 revenue rises 2.5% to $229.8 million; net income up 4.6%
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.