ORA
Ormat Technologies, Inc.111.14
-2.34-2.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.76BP/E (TTM)
50.98Basic EPS (TTM)
2.18Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Ormat Technologies posted Q2 FY2025 revenues of $234.0M, up 9.9% y/y, driven by product sales surging 57.6% y/y to $59.6M from project progress in New Zealand and Dominica, while energy storage climbed 62.7% y/y to $14.5M thanks to new facilities like Bottleneck and Montague. Electricity revenues dipped 3.8% y/y to $159.9M amid Puna wellfield issues and curtailments at McGinness Hills, yet gross profit held at $56.9M with margins at 24.3% versus 28.8% last year; operating income edged up 0.5% y/y to $35.3M. Diluted EPS rose to $0.46 from $0.37, reconciling to 61.0M shares with no anti-dilution flagged. Cash from operations hit $184.9M YTD, funding $327.4M capex and $88.7M Blue Mountain acquisition in June for $16.1M goodwill, expecting cost synergies; free cash flow not disclosed in the 10-Q. Liquidity stands solid at $88.5M cash plus $358.6M revolver availability, with total debt at $2.0B including $476.4M convertibles. Yet Kenya PPA reviews pose renegotiation risks.
8-K
Ormat Q2 earnings beat expectations
Ormat Technologies posted Q2 2025 revenues of $234.0 million, up 9.9% year-over-year, with net income surging 26.1% to $28.0 million despite electricity segment dips from curtailments and maintenance. The company completed its 20MW Blue Mountain geothermal acquisition in June and secured $300 million in funding for development, including tax equity and low-rate loans. It released 50MW of new geothermal and solar projects for construction. Guidance holds steady at $935-975 million in full-year revenues and $563-593 million in adjusted EBITDA. Strong policy tailwinds fuel expansion.
8-K
Annual meeting votes pass
Ormat Technologies' stockholders overwhelmingly elected eight directors to the board at the 2025 Annual Meeting on May 7, including Isaac Angel and Ravit Barniv with strong support exceeding 49 million votes each, while David Granot faced notable opposition at over 10 million against. The advisory vote approved executive compensation, and the appointment of Kesselman & Kesselman as auditors for 2025 passed decisively with 50 million for. Continuity intact. No risks disclosed.
8-K
Q1 revenues rise, geothermal acquisition
Ormat Technologies kicked off 2025 with total revenues up 2.5% to $229.8 million and a record adjusted EBITDA of $150.3 million, up 6.4%, fueled by 120% growth in energy storage revenues from new capacity and higher PJM prices, despite electricity segment dips from U.S. curtailments. The company signed an $88 million deal to acquire the 20 MW Blue Mountain geothermal plant from Cyrq Energy, planning upgrades to add 3.5 MW capacity and a 13 MW solar facility, with closure by Q2 end. This bolsters Ormat's U.S. geothermal footprint. Guidance holds steady at $935–975 million revenues and $563–593 million adjusted EBITDA.
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