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Mar 31, 2020
Ormat Q1 2020 Earnings Report
Ormat Technologies reported strong Q1 2020 financial results, driven by the solid performance of its electricity segment.
Key Takeaways
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.
Total revenues were $192.1 million, a decrease of 3.5% compared to Q1 2019.
Electricity segment revenues remained unchanged at $142.9 million compared to Q1 2019.
Net income attributable to the Company's stockholders was $26.0 million, or $0.51 per diluted share.
The company recorded business interruption insurance income of $4.9 million related to the 2018 volcanic eruption in Hawaii.
Ormat
Ormat
Ormat Revenue by Segment
Revenue by Segment
Electricity Revenue
CapyFin.comProduct Revenue
CapyFin.comEnergy Storage Revenue
CapyFin.com Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income