Earnings ·
Ormat Technologies reported second-quarter 2026 results with total revenues of $258.8 million, a 10.6% increase…
ORAOrmat Technologies, Inc.
Ormat Technologies reported second-quarter 2026 results with total revenues of $258.8 million, a 10.6% increase year-over-year, driven by a 195.1% surge in Energy Storage revenue to $42.8 million and a 5.8% rise in Electricity segment revenue to $169.3 million. Net income attributable to stockholders was $27.1 million ($0.43 diluted EPS), down from $28.0 million ($0.46) in the prior year, primarily due to a $6.6 million write-off of storage projects. Adjusted EBITDA grew 6.9% to $143.9 million. The company raised its full-year 2026 revenue guidance to $1,150–$1,200 million and Adjusted EBITDA guidance to $630–$650 million. Ormat operates in the geothermal and renewable energy industry, owning and operating power plants while expanding into energy storage.