Ormat Technologies delivered a strong third quarter, with revenue increasing by 17.9% to $225.9 million, operating income up 13.3% to $59.8 million, and net income attributable to stockholders growing by 9.3% to $34.1 million. The Energy Storage and Product segments were key drivers, showing significant revenue growth of 108.1% and 66.6% respectively, alongside margin improvements. The Electricity segment also benefited from portfolio expansion, offsetting some negative impacts from storm-related grid failures and lower energy rates in Hawaii.

Ormat Technologies, Inc. announced strong financial results for the second quarter ended June 30, 2025, with record revenue and Adjusted EBITDA. The company saw a 9.9% increase in revenue, a 26.1% rise in net income, and a 6.7% improvement in Adjusted EBITDA, primarily due to the recovery of its Product segment and enhanced performance in the Energy Storage segment.

Ormat Technologies had a strong start to 2025, with increased revenue, net income, and adjusted EBITDA driven by improved performance in the Product and Storage segments. The Electricity segment saw a slight decline due to curtailments, but the company anticipates future growth from projects under development and a recent acquisition.

Ormat Technologies reported Q4 2024 revenue of $230.7 million, a 4.4% decline year-over-year, primarily due to lower electricity and product segment revenue. Net income increased by 14.3% to $40.8 million, with adjusted EPS rising to $0.72. Energy storage revenue grew significantly by 56.7%, reflecting the company's strategic focus on expanding capacity.

Ormat Technologies reported a net income of $22.1 million and an adjusted EBITDA of $137.7 million for Q3 2024. The company narrowed its full-year revenue guidance and increased its full-year adjusted EBITDA guidance, reflecting strong financial results. The company also announced the commercial operation of its largest storage project to date.

Ormat Technologies reported strong second-quarter results, demonstrating a track record of translating revenue growth into stronger results across its three operating segments. Total revenues increased by 9.3% year-over-year, with a 45% increase in operating income and a 25% increase in adjusted EBITDA. The company is continuing to make progress in transitioning its Energy Storage business toward becoming a higher-growth segment with improved margins.

Ormat Technologies reported a strong first quarter in 2024, with a 21.0% increase in total revenue, a 25.5% rise in earnings per diluted share, and a 14.4% increase in Adjusted EBITDA. This growth was supported by strong performance across all segments, including record quarterly electricity segment revenues.

Ormat Technologies reported a 17.4% increase in total revenues for Q4 2023, driven by growth in both the Electricity and Product segments. The company's operating income increased by 70.8% for the quarter. Ormat is on track to meet its 2026 generating capacity goals of 2.1 to 2.3 GW.

Ormat Technologies reported an 18.3% increase in total revenues, a 15.8% increase in adjusted EBITDA, and a 50.4% increase in adjusted net income attributable to the Company's stockholders compared to the prior year period. This growth was driven by expansion across all three operating segments.

Ormat Technologies reported a strong second quarter with a 15.2% increase in total revenues and a 114.8% increase in net income year-over-year. The company is expanding operations across its segments, adding approximately 100 MW of total capacity in geothermal, solar, and storage assets. The company increased its year-end 2025 growth target from an initial range of 1.8 GW- 1.86 GW to 1.9 GW - 2.0 GW.

Ormat Technologies reported a 57% increase in net income and a 17.9% increase in operating income, supported by IRA benefits and new asset contributions. Adjusted EBITDA grew by 14.5%. The company commenced operation at its new 25MW North Valley geothermal power plant and at the new 6MW Brady solar facility.

Ormat Technologies reported a solid fourth quarter and full year 2022, marked by revenue growth across all segments. The company is optimistic about 2023, anticipating benefits from new geothermal and solar power plants and improved performance in the Product segment.

Ormat Technologies reported a 10.7% year-over-year increase in total revenues for Q3 2022, driven by growth in the electricity segment. Operating income increased by 8.1% year-over-year. Adjusted EBITDA was $102.2 million, a 0.6% increase compared to 2021, despite the absence of $15.8 million in insurance proceeds received the previous year.

Ormat Technologies reported a 15.1% year-over-year increase in total revenues for Q2 2022, driven by the Electricity segment. Operating income increased by 34.9% year-over-year, and Adjusted EBITDA grew by 19.1% year-over-year. The company reiterates its 2022 annual guidance.

Ormat Technologies reported a 10.4% year-over-year increase in total revenues for Q1 2022, driven by the Electricity segment. Net income attributable to the company's stockholders grew by 20.8% year-over-year, and adjusted EBITDA increased by 8.7%. The company is on track to increase its combined geothermal, energy storage, and solar generating portfolio to more than 1.5 GW by 2023 and deliver an annual Adjusted EBITDA of $500 million on a run-rate basis towards the end of 2022.

Ormat Technologies reported a 6.5% year-over-year increase in total revenues for Q4 2021. The company's Adjusted EBITDA reached a record $116.0 million, a 6.3% increase compared to the previous year. The growth was supported by the Electricity segment, the recovery of the Puna power plant, and the successful integration of newly acquired geothermal assets.

Ormat Technologies reported financial results for the second quarter ended June 30, 2021. The company saw growth in its Energy Storage and Electricity segments and an increase in Product segment backlog. The company is on track to achieve its long-term goal of increasing Ormat’s combined geothermal, energy storage and solar generating portfolio to more than 1.5 GW by 2023.

Ormat Technologies reported a decrease in net income attributable to the company's stockholders and adjusted EBITDA compared to the same quarter last year. However, the company saw continued strength from its Electricity and rapidly growing Energy Storage segments.

Ormat Technologies reported a decrease of 6.8% in total revenues for Q4 2020 compared to the same quarter last year. However, net income attributable to the Company’s shareholders increased by 64.2%.

Ormat Technologies reported strong Q3 2020 financial results, with double-digit increases in operating income and Adjusted EBITDA. The company reached a favorable settlement with the Kenya Revenue Authority and saw improved cash flow from operations due to payments from customers in Honduras and Kenya. They are updating their full-year 2020 revenue guidance range and increasing their expected 2020 Adjusted EBITDA.

Ormat Technologies reported a 5.0% decrease in total revenues to $174.9 million compared to Q2 2019. However, the company improved its margins in all operating segments, led by the strength and resiliency of the Electricity segment. The company increased its liquidity by over $400 million through the issuance of long-term debt.

Ormat Technologies reported a decrease in total revenues by 3.5% to $192.1 million, with the electricity segment remaining unchanged at $142.9 million. Net income attributable to the Company's stockholders was $26.0 million, or $0.51 per diluted share. The company is updating its expectations for full-year 2020 due to uncertainty around COVID-19 duration and implications as well as due to the recent update in Puna.

Ormat Technologies reported a 1.0% increase in total revenues for Q4 2019, reaching $192.4 million. The electricity segment revenues increased by 4.4%, while product segment revenues decreased by 11.9%. The company's net income attributable to stockholders was $12.6 million, or $0.24 per diluted share.