Earnings ·
Ormat raises full-year revenue and adjusted EBITDA guidance; declares $0.12 quarterly dividend
ORAOrmat Technologies, Inc.
Ormat Technologies reported third-quarter net income of $31.9 million, or $0.51 per diluted share, a 32.2% increase from the prior year period. Revenue rose 10.2% to $275.1 million, driven by a 145.2% surge in Energy Storage segment sales. The company raised its full-year revenue guidance midpoint and adjusted EBITDA guidance midpoint. Additionally, the board declared a quarterly dividend of $0.12 per share, payable December 2, 2026, to shareholders of record on November 18, 2026. Ormat is a leading geothermal and renewable energy company with expanding operations in energy storage.