Quarterly ResultJun 1, 2026, 06:12 AM
Kenon Holdings Reports Q1 2026 Results; Distributes $200M Dividend
AI Summary
Kenon Holdings reported Q1 2026 results, with its consolidated profit increasing to $34 million from $27 million year-over-year. Its subsidiary, OPC, experienced a decline in Q1 2026 net profit to $14 million from $25 million, despite a significant revenue increase to $317 million and a rise in Adjusted EBITDA to $124 million. Kenon also distributed a $200 million cash dividend in April 2026 and executed a collar transaction for 2% of OPC shares to enhance liquidity and manage market exposure.
Key Highlights
- Kenon's consolidated profit for Q1 2026 was $34 million, up from $27 million YoY.
- OPC's Q1 2026 net profit was $14 million, down from $25 million in Q1 2025.
- OPC's Q1 2026 revenue increased to $317 million from $183 million YoY.
- OPC's Q1 2026 Adjusted EBITDA rose to $124 million from $113 million YoY.
- Kenon distributed a $200 million ($3.85 per share) cash dividend in April 2026.
- Kenon entered a collar transaction for 2% of OPC shares (6 million shares) in May 2026.
- OPC's Hadera 2 project received a building permit for an 850 MW natural gas power plant.
- CPV Group gained 100% ownership of CPV Maryland (745 MW plant) via an interest swap.
Price Impact
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