Quarterly ResultAug 5, 2026, 05:18 PM
Ormat Q2 Revenue +10.6% to $258.8M; Raises Full-Year Guidance
AI Summary
Ormat Technologies reported strong second-quarter 2026 financial results, with total revenues increasing 10.6% to $258.8 million and Adjusted EBITDA growing 6.9% to $143.9 million. The company's Energy Storage segment was a significant driver, with revenues nearly tripling year-over-year. Despite a $6.6 million write-off for storage projects, Ormat raised its full-year 2026 revenue and Adjusted EBITDA guidance, reflecting continued operational strength and progress on its growth strategy, including advancements in EGS development and new project additions.
Key Highlights
- Total revenues increased 10.6% to $258.8 million in Q2 2026.
- Adjusted EBITDA grew 6.9% to $143.9 million for the quarter.
- Energy Storage revenues nearly tripled, increasing 195.1% to $42.8 million.
- Full-year 2026 revenue guidance raised to $1,150 million - $1,200 million.
- Full-year 2026 Adjusted EBITDA guidance raised to $630 million - $650 million.
- Declared a quarterly dividend of $0.12 per share.
- 202 MW of electricity generation projects and 497 MW / 1,888 MWh of energy storage projects are under construction and development.
- Product backlog stood at approximately $202.8 million as of August 5, 2026.
Price Impact
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