Earnings ·
OPC Energy posts $162M net income for nine months, up 72%, on higher U.S. energy margins
KENKenon Holdings Ltd.
Kenon Holdings Ltd.'s subsidiary OPC Energy reported consolidated net income of $162 million and adjusted net income of $193 million for the nine months ended September 30, 2026, representing increases of 72% and 114%, respectively, compared to the prior year. EBITDA after proportionate consolidation rose 38% to $492 million, driven by a 47% surge in U.S. segment earnings due to wider energy margins and higher PJM capacity prices, alongside a 26% increase in Israeli operations. The company also announced the completion of a refinancing for its Shore and Maryland power plants, distributing approximately $130 million to CPV Group, and issued $201 million in Series E debentures with a 4.56% interest rate. Kenon Holdings Ltd. operates as an independent power producer focused on electricity generation and energy transition projects.