Quarterly ResultAug 12, 2026, 01:38 PM
Kenon Holdings Q2 Adjusted Net Income +580%, EBITDA +46%
AI Summary
Kenon Holdings Ltd. reported strong financial results for the second quarter and first half of 2026, with adjusted consolidated net income surging 580% to $34 million and consolidated EBITDA after proportionate consolidation increasing 46% to $131 million in Q2. The company also made significant progress on key projects, including the commencement of construction for the Hadera expansion project in Israel and the commercial operation of the Rogues Wind project in the U.S. Additionally, Kenon Holdings secured a long-term PPA with a data center operator and saw its credit rating upgraded.
Key Highlights
- Q2 2026 adjusted consolidated net income increased by 580% to $34 million.
- Q2 2026 consolidated EBITDA after proportionate consolidation rose by 46% to $131 million.
- Q2 2026 consolidated FFO increased by 58% to $90 million.
- Commenced construction of the Hadera expansion project (850 MW) in Israel in June 2026.
- Signed a long-term PPA for up to 460 MW with a data center operator in Israel.
- Accelerated development of the Shay Project (2.1 GW) in the U.S., securing equipment and signing a 10-year 'Gas Net Back' agreement.
- Rogues Wind project (114 MW) commenced commercial operation in June 2026, receiving $160 million from its tax partner.
- Credit rating upgraded to ilA+ by S&P Maalot and outlook affirmed positive by Midroog in May 2026.
Price Impact
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